Ethereum faces downward pressure with a 12-month-long decrease-Can ETH avoid decline to less than $ 2000?

News Fetcher15 minutes ago

0 0 2 minutes read

ETHEREUM (ETH) has achieved a new annual level of $ 2076 earlier today, weakening feelings about the second largest encrypted currency depending on the maximum market. If Ethereum decreases to less than $ 2000, this may lead to additional losses for investors.

Ethereum feelings at the lowest level in 12 months

According to data from Coingecko, ETHEREUM has decreased nearly 28 % over the past thirty days and is currently circulating around the level of $ 2200. The cryptocurrency has thrown more than $ 230 billion in the market value since December 2024.

It took the investment manager at Crypto 0xloust to X to share a chart that indicates that the feelings about Ethereum are at the lowest point per year. Less than $ 2000 decrease can increase the feeling of landing, leading to more pressure on the ETH.

Likewise, the trader and investor (BTC) Jason Pizzzino noted that ETH could be “more than expected” if it is closed without scale to $ 2000 to $ 2100. He added:

Remember, it was February when most of the influencers were hitting drums for him $ ETH He told us that “following the money” because Trump and others were buying millions of dollars. This always seems suspicious for me.

Near nearly $ 2000 would complete a dual dual pattern on the monthly graph, which is likely to send ETH to a low -1000 dollar domain. For the context, the last time ETHEREUM was traded in the range of $ 1500 in October 2023.

Fellow of the encryption analyst Mourin High ETH’s weekly demand ranges between 1900 dollars and 2100 dollars, with the weekly supply area set about 2600 dollars. The analyst expects the digital assets to fluctuate within this range “in the near future”.

Some positive signs of ETH

While ETH short -term expectations seem unconfirmed, some indicators indicate that investors did not completely lose confidence. For example, using data on the chain, the encryption analyst Ali Martinez confirmed that adult holders-also known as encryption whales-for them. Purchase More than 110,000 ETH in the last 72 hours.

ETH whales are not annoying from the last low prices as they continue to collect source: Ali_charts on x

Likewise, Lyon Wadman, head of research at the Onchain Foundation, indicated that although the ETH price has decreased, the Exchange reserves continue to decrease. Wadman pointed out that the fallen exchange reserves indicate the investor’s confidence, as less than the distinctive ETH symbols are transferred to the exchanges of potential sale.

However, fears remain for Ethereum, especially since the percentage of the centenary network visual A sharp drop in its peak in November 2024. On the other hand, Ted Bodes encryption analyst is still optimistic, Prediction This ETH is still on the right path to exceeding $ 10,000. At the time of the press, ETH is traded at $ 2222, a decrease of 3.6 % in the past 24 hours.