Ethereum holds major support – analyst suspicions that can scrape bears to 4 thousand dollars anymore
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Ethereum tries to recover 2800 dollars for several days, but the bears continue to apply the sale pressure, while maintaining the price less than this main resistance. Nevertheless, the demand is still strong, as Bulls succeeded in overcoming ETH over the decisive support level of $ 2600. The short -term expectations of ETH remain unconfirmed, as investors predict whether the current monotheism stage will lead to the outbreaks or other declines.
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Nevertheless, there is an increasing feeling that Ethereum can recover soon. Supreme analyst Jelle shared a technical analysis on X, revealed that ETH recently brought out its lowest levels, re -paved the main trend line, the main support bounce, and was kept higher than the 200 -week SIA moving average (EMA). According to a generation, this confirms that the structure of the upward trend is still intact, indicating that ETH still has bullish capabilities.
Although the price procedure remains slow, the analysis of a generation highlights that Ethereum still carries critical levels, which may lead to a strong move up. If ETH regains $ 2800 in the coming days, it may build momentum towards paying above $ 3,000. However, if the pressure pressure continues and the ETH is lost 2600 dollars, it may be expected to restore deeper. Currently, patience is essential as Ethereum hovers near decisive technical levels.
ETHEREUM Price Signs Possible Recovery Stage
Ethereum has tried to restore the level of $ 2800 in the past few days, as the bulls are struggling to confirm the high recovery to higher supply areas. The price procedure remains uncertain, as investors closely monitor to see if ETH can go beyond this resistance or whether the sale pressure will lead to a decrease. The constant fluctuation of merchants has kept the edge of the abyss, with some fear that ETHEREUM will continue to decline and test low support levels before any possible recovery.
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Market morale is still divided, as one side expects a long uniform or an additional correction, while the other believes that ETH is about to collapse. Analysts suggest that Ethereum is in a critical turn, and that the coming days can determine its course in the short term.
Technical generation analysis He explains that the measures taken by the last ETH in prices have taken out its lowest levels, as the main trend font test and retain the SIA moving average for 200 weeks (EMA) are all good signs. Gil says that the structure of the upward trend is still sound despite the slow price movement. He admits that this may be one of the slowest epidemics that ethereum witnessed at all, but he still sees the construction of an upper momentum.
Jelle also suspects that Bears will be able to defend the level of $ 4000 again if Ethereum gains strength. As ETH continues to get the main support levels and attempts to restore the brand of $ 2800, the penetration can lead to a large gathering in the coming weeks. Investors are advised to stay patient because Ethereum moves at this critical stage, as many closely monitor the confirmation of the potential direction.
ETH Test Display in the short term
ETHEREUM is traded at $ 2,805, trying to keep this level and pay higher to confirm the recovery gathering. Bulls are trying to create support in this main price area, with the aim of restoring momentum after weeks of monotheism. The price is only 7 % from a sign of 3000 dollars, which is located above the moving average for 4 hours. The rest of more than $ 2950 is likely to lead, and the successful incident above this level will lead to an aggressive bullish recovery, pushing ETH towards higher resistance levels.
However, if Ethereum fails to seize $ 2,800, the bullish momentum may weaken, which leads to another round of sale pressure. In this case, ETH can fell towards the demand area of $ 2600 or even less. This level previously was a strong support, and its loss may indicate more negative risks.
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Currently, Ethereum remains at a pivotal point, where the bulls should climb to maintain short -term strength. The collapse above the resistance may increase renewed optimism between investors, while failure to maintain current levels may lead to continued uncertainty in the market. All eyes are on ETH ability to restore and unify the main resistance levels to determine their next main step.
Distinctive image from Dall-E, the tradingView graph
