ETHEREUM (ETH) price showed some great change in the past day rising by 1.86 %. However, according to Data trading from CoinmarketCapAltcoin, the famous, has registered a negative growth since December 2024, despite some important gains last month. Interestingly, the basic market activity indicates a possible outbreak of the price.
Ethereum sees a strong accumulation activity amid low price
Since touching the 4000 dollar price sign, Ethereum has decreased to a declining direction that decreased to $ 3000. In the midst of noticeable gains by Bitcoin in January, ETHEREUM continues the struggle to hit the lowest fixed levels during this period.
However, an expert in the encrypted market with Crypto Sunmoon username Note An increase in the volume of market purchase amid the current price decrease, indicating the presence of a rise in the ETH market. For the context, the upscale difference occurs when the price price is less decreased while the momentum index makes its lowest levels higher, and thus alludes to a potentially reflexive or upscale movement.
As for Ethereum, the increase in purchase amid low prices indicates a strong demand from buyers, especially in current price levels. This development also indicates strong confidence in the profitability of the origin, where investors expect purchase pressure to overcome the sale activity in the coming days.
Based on historical data, Crypto Sunmoon expects that Ethereum may suffer from an increase in prices such as those in May 2024 when another similar bullish spacing occurred. During that month, ETH rose by more than 21 %, indicating that Altcoin will likely return to $ 4000 if the expected price outbreak occurs, according to the current market prices.
Long -term ETH holders refer to strong confidence in the market
In other news, INTOTHEBLOCK Reports Long -term Ethereum holders are currently boasting about a 2.4 -year -old time that shows tremendous confidence in ETHEREUM capabilities in the future.
However, Ethereum faces other issues including the lack of short -term participants that prevent ETH from experimenting with significant levels of speculative trading that can increase prices. Moreover, the rapid growth of layer 2 solutions such as optimism, and the 1 -layer layer like Solana also manipulates the potential demand in the market and pay attention to Ethereum.
At the time of the press, ETH is trading $ 3,306 after a profit of 1.86 % during the past day as we mentioned earlier. Meanwhile, the daily trading volume increased by 55.69 %, which led to a value of $ 30.3 billion. In the larger time frames, ETHEREUM also increased by 0.22 % on the weekly graph, but by 2.27 % on the monthly graph leaves a lot of desire in many short -term investors.
