Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
This article is also available in Spain.
Last Monday, Ethereum experienced one of the most disgusting days of trading in its history, as it fell over 30% in less than 24 hours in the midst of the Escalagulation of the Fear of the American Trade War. However, the market quickly recovered after President Trump published negotiations with Canada and Mexico, which led to a sharp recovery through the Kriptovalut property.
Associated reading
Despite this recovery, Ethereum remained much weaker than the other Altcoin, which causes concern about how long this weak efficiency will last. Investors are closely watching the price action, as ETH continues to trade at historically low levels over Bitcoin and other Altcoine.
Top analyst Carl Runefelt shared a technical analysis on X, revealing that Ethereum is held at the key horizontal level of support on the ETHBTC chart. This suggests that ETH could be on a turning point, with potential when recovery if the bulls step. However, the failure to maintain this level could indicate a further disadvantage.
Because Ethereum lags behind its peers, feelings remain mixed and the market participants are waiting for a clear confirmation of the trend direction. Will Eth finally start to make up for it or is another foot down on the table? The next few weeks will be crucial.
Ethereum faces uncertainty after a record liquidation
Ethereum fought after one of the most brutal liquidation events in the history of cryptocurrencies, with more than $ 8 billion deleted from the market between Sunday and Monday. ETH was one of the most severely affected assets, and the pricing actions look weak and uncertain compared to Bitcoin. This caused concern among analysts, who are afraid to continue Ethereum’s weaker effect.
However, the top analyst Carl Runefelt remains optimistic. He shared a technical analysis on xrevealing that Ethereum holds a key horizontal level of support on the ETHBTC graph of about 0.028. Runefelt believes that if ETH bounced from this level, it could trigger a huge parabolic move, marking the beginning of a long -awaited Alteaseaseas.
Ethereum has lagged behind BTC since the end of 2021, not managing to regain its dominance despite multiple market sets. While Bitcoin continues to flirt with all the time, Eth remains far from her previous peak, and many merchants now ask if Ethereum can regain his strength.
Associated reading
For now, Ethereum remains at the level of MAKE-Ili Break, with key support but by building pressure. If ETH manages to move from this zone, it could lead to a strong sense of recovery and changes in the market. However, failure to maintain support could mean a further disadvantage.
Can bulls regain their momentum?
Ethereum traded at $ 2,780 after testing two critical moving average-24-day movable average at $ 2,482, and a 200-day exponential movable average of $ 2,288. These indicators of the key level of long -term support since July 2020, which confirms that the Ethereum macro trend remains intact despite the recent volatility.
In order for Ethereum to reverse the short -term bear trend, the bulls must regain $ 2,800 and keep it as support. This level is a psychological and technical barrier that would signal a renewed strength. Pressure above $ 3000 is the next critical step, as breaking this resistance would move the mood from a teddy bear to a bull and start moving to the key supply zone.
If Ethereum does not regain this level, the market could see another wave of sales pressure, pushing ETH back to the lower areas of demand. However, historical trends suggest that when ETH holds above these moving average, it often leads to strong sets.
Associated reading
Investors carefully watch whether Ethereum can recover and re -establish their bull’s momentum. The breakthrough above $ 3,000 would set a stage to stimulate the higher levels of resistance, which could lead to a large set in the coming months.
Separate Picture with Dall-E, a TRIINGView chart
