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The price of the Ethereum (ETH) has shown a significant change in the past day that has increased by 1.86%. However, according to Data trading from CoinmarketcapPopular Altcoin recorded a negative growth since December 2024. Despite significant gains in the last month. Interestingly, the fundamental market activity indicates a potential breakdown of prices.
Ethereum sees a powerful accumulation activity in the midst of inserting prices
Ever since he touched the price of $ 4,000, Ethereum has slipped into a drop that fell as much as $ 3,000. In the midst of significant gains of Bitcoin in January, Ethereum is still struggling in this period to achieve consistent lower downs.
However, an expert on a cryptocant market with a user crypto sun noticed Increasing the amount of buying in the market in the middle of the current price indicates a bull’s divergence on the ETH market. For the context, bull divergence occurs when the price of the property makes the lowest, while the momentum indicates the higher the lowest levels, thus hints at a potential turnaround or move up.
As for Ethereum, increasing the amount of purchase in the middle of the fall in price indicates a strong customer demand, especially at current price levels. This development further suggests strong confidence in the profitability of the property as investors expect that the pressure of shopping has outplayed the sale of activities in the coming days.
Based on historical data, Crypto Sunmoon predicts that Ethereum can experience prices like the one in May 2024. When a similar bikoba difference occurred. During that month, ETH has increased by over 21%, suggesting that Altcoin is likely to return to $ 4,000 if the projected break -up of prices occurs, according to current market prices.
ETH Long -term owners signal strong market trust
In other news, Intotheblock reports This long -term owner Ethereum is currently boasting an average of holding a 2.4 -year -old time, showing huge confidence in the potential of the future value of Ethereum.
However, Ethereum faces other issues, including the absence of short -term participants, which prevents the eth from experiencing significant levels of speculative trade that can increase price appreciation. Furthermore, the rapid growth of layer 2 solutions such as optimism and blockchains layer 1, such as Solana, also change the potential market demand and attention for Ethereum.
At the time of the press, ETH traded from $ 3,306 after a profit of 1.86% during the last day, as stated earlier. Meanwhile, the daily volume of property trading increased by 55.69%, resulting in a value of $ 30.3 billion. In larger time frames, Ethereum also increased by 0.22% on its weekly chart, but by 2.27% on its monthly chart, leaving a lot of desire for many short -term investors.
