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Ethereum traded at critical levels after withstanding weeks of aggressive sales pressure. Since she pulled under a key $ 2,000 mark, the second largest currency crypto struggled to reclaim Bullish momentum. Currently, it reduces 21% from that level, Eth is still hovering close to $ 1,580, reflecting a clear lack of beliefs and customers and sellers.
Associated reading
The market has entered the period of extreme indecision. According to top analyst Daan, Ethereum’s price remained specially compressed, barely moving in the last two days. This type of consolidation is often preceded by an action of sharp prices in any direction, and traders carefully observe the signs of piercing or breakdown.
Macroeconomic insecurity continues to affect the mood of investors, with the global trade tension and concern of monetary policy keeping pressure on risky property such as Ethereum. For now, the bulls have to regain a resistance zone in the amount of $ 1,850 to confirm the trend reversal, while the fall under $ 1,500 could open the door with deeper losses.
As volatility is being built in the background, the current compression could be calm before the storm – setting the stage for the next decisive move of Ethereum. Will it break up wrong or is it more inhabitants in the store?
Ethereum compression signals a breakthrough as a macro pressure
Ethereum faces a critical test because it trades at compressed levels after weeks of permanent sales pressure. The wider cryptocurrency market remains under pressure as global tensions escalate. The trade war of US President Donald Trump, with China, continues to shape macroeconomic feelings, leaving investors alert in all high -risk asset classes.
Despite last week’s announcement of the 90-day tariff break for all countries, except China, remains uncertainty. Unresolved status of US-kine trade relations is still harder in markets and is one of the main factors that start hesitation in prices movement. For Ethereum, this has translated into extremely low volatility and outdated prices structure.
Daan shared insights suggesting that the price of the Ethereum was “extremely compressed” and that it did not show meaningful movement most of the two days. According to Daan, this type of compression is usually preceded by a significant breakthrough – although the direction of this move remains unknown.
Investors and traders are equally closely monitored by this setting, as the compressed price price usually leads to large swing shifts. Since wider macro risks are still in the game, Ethereum’s next move could define a short -term trend and set the tone market in the coming weeks.
Associated reading
Eth bulls aim to recover control
Ethereum traded at $ 1,590 after a few days of the side price, hovering between support at $ 1,550 and resistance close to $ 1,700. Despite being held above the lower end of this range, Eth struggled to create the momentum needed to break out and confirm the short -term recovery.
In order for the bulls to establish a stronger position, the eth must be pushed above the four-hour 200-day moving average (ma) and exponential movable average (EMA), and both continue to act as dynamic resistance. The interruption above these indicators could trigger a renewed interest of traders and signal the beginning of the recovery phase.
However, the real test lies at the level of $ 2,000 – the main psychological and technical zone of resistance. The return of this level would mark a shift in a market feeling and open the door with higher goals.
Associated reading
With distress, failure in obtaining the soil above the current range and the fall below $ 1,550 could quickly pull the ETH below $ 1500, increasing the risk of deeper correction. For now, Ethereum remains in the consolidation phase, and the next decisive move is likely to dictate whether the bulls will regain control or whether the sellers are pushing prices into lower demand zones.
Separate Picture with Dall-E, a TRIINGView chart
