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Ethereum (ETH) showed a strong recovery after a recent announcement of FOMC, with an increase of 5.35%. Historical data show that the course often spreads quickly after instability, sometimes with profit up to 34%. Institutional interest is also increased, with a net inflow of $ 67.77 million in ETF, which led Blackkrock.
In this article we analyze the recent development of prices, the influence of institutional investments and Prognosis of the price of the Ethereum.
The Ethereum course returns after the FOMC
In recent months, Ethereum has shown a striking pattern of recovery after a market volatility as a result of the FOMC announcement. Data from the net -realized profit/loss (NPL) sentiment Feeda show that ETH often experiences a significant increase in prices during these moments of increased volatility.
Ethereum responds especially to a sudden reduction in the rapid movements of recovery, with the size of these jumps vary. In some cases, the price increased by at least 34%, while recovery remained limited in other situations, about 14%.
By overlapping the fluctuation of the prices of the Ethereum with data on the capitulation on the chart, this pattern becomes more clearly visible.
Since the latest announcement of FOMC, Ethereum has already increased by 5.35%, indicating a persistent positive trend. This strong market mood can encourage ETH further toward $ 3800, despite global economic insecurity.
In addition, the institutional request for Ethereum is returned. 30 January the total daily net inflow for Etheem Etf increased to $ 67.77 million. Blackkck was led by a $ 79.86 million in ETH.
Other striking customers were Fidelity and Greyscale, with a purchase of $ 15.41 million and $ 12.79 million. The only seller on January 30 was Greyscale Mini-Eethereum Trust, who published $ 40.29 million. The remaining five American videos did not register.
Eth erupts after a bull turns
On a four -hour chart, the trend of price eth shows a bull’s turn with a ‘double bottom’ pattern. As predicted earlier, a reversed rally exceeded the level of 23.6% of Fibonacci to $ 3248.
The recovery rally has also stretched the upper Bollinger belt, which reflects an increase of 1.12% in the last 4 hours. Now that Ethereum has ended after a re -reversal at 23.6% Fibonaccia, the trend of ascension seems to cause a trend of directing resistance trend. In addition to the continuation rally, Bollinger tires suggest a possible epidemic.
Fraction
According to Intothlock/outside the money chart, ETH approaches the key zone of resistance between $ 3264 and $ 3342. This zone contains 6.26 million ETH, making it a high area of supply.
Currently, the ‘at the Money’ zone holds 7.85 million eth between $ 3109 and $ 3264, indicating an important level.
Every day, Fibonaccaci’s levels emphasize key goals at 50% and 100% retro level, ie at $ 3509 and $ 4079. The bottom of the $ 3000 support is expected to remain strong in the first quarter of 2025.
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