The price of ETHEREUM is about $ 1754 on Friday, which represents a third losing week in a row. With the decrease in trading sizes and indicators that indicate excessive sale conditions, historical patterns indicate that ETH may be about to recover.
ETHEREUM (ETH) finds a new bottom at 1754 dollars as a fist fist
The dominant procedures that the procedures create are dominated by ETHEREUM prices, as it raises the cryptocurrency of more than 38 % of its value in only three weeks. The above chart shows the ETH decrease from the peak last month of $ 2857 to the lowest level in 1754 dollars last week, with another 3 % decrease from March 16. These previous courses are blocked, as deep corrections led to a large recovery.
Historically, Ethereum flirted strongly after a multiple week losing. The last time ETH witnessed three consecutive weekly decreases of this size was in July 2024, followed by a 93 % increase in the next three months. Size indicators now indicate a possible transformation, as low pressure side pressure may pave the way for the next relief.
If ETH follows its previous style, a recovery may be achieved towards the level of $ 3400 in the coming months. However, merchants should monitor confirmation signals, because failure to restore momentum can extend the current declining direction.
3 declining risks to watch next week
The ETHEREUM price has recently decreased by $ 1754, which represents a third week of decline in a row – an unprecedented occurrence since July 2024. While this indicates a classic state of sales market, many of the main events next week may slow the ETH recovery prospects.
Pectra upgrade developments: Ethereum Testnet, Hudi, launched a frankly patega upgrade test before Mainnet was published. While this step aims to enhance the stability of the network, the uncertainty surrounding the impact of the promotion can affect investor morale.
Withdrawal operations: The announcement of the promotion of Pectra sparked major withdrawals, totaling about $ 500 million. If this trend continues to be cautious to the investor, this may reduce the possibility of bounce in the short term and reduce bullish momentum.
Doubts about strategic encryption reserves: Former President Trump’s proposal to include ETHEREUM and other altcoins in a strategic discussion reserve. JP Morgan recently expressed doubts about Trump’s approval to allocate the treasury boxes to acquire Ripple (XRP), ETHEREUM (ETH), and other altcoins. Investors will closely monitor fresh developments on this front, because uncertainty may make more fluctuations.
ETHEREUM market expectations for the week
ETHEREUM sale can attract heavy flows next week, especially if the upcoming Federal Federal Reserve Decision in the United States tends to dovish. However, any overlapping of the aforementioned dysfunction can be strangled by the upper momentum.
This explains why the ETH price is twice the rival Layer-1 assets such as Ripple (XRP) and Litecoin (LTC) during the weekend. If these dynamics persist, merchants can expect ETH to continue to defend the wider market, even in a upscale environment.
ETHEREUM (ETH) Price expectations: Decrease in Goals 2,450 dollars, but the downfall risk keeps 1800 dollars in play
ETHEREUM price forecasts currently display mixed signals as ETH remains surrounded within the falling scent.
The daily graph shows that the ETH price is currently trading about $ 1889, and it is hovering near the lower border of the sorry. Historically, falling pebbles often precede the ups of the ups of the ups, but the confirmation is required.
The main resistance level is $ 2,129, characterized by a medium channel line. The decisive collapse above this level may push the ETH towards an area of $ 2450, as it is in line with the upper boundaries of the sides and the historical resistance area.
However, the MACD index remains in negative lands, indicating that the declining pressure is still dominating. The bullish intersection in the MACD line strengthens the issue for upward penetration.
On the contrary, failure to adhere to the $ 1806 support level can nullify the bullish preparation. Continuing the declining pressure may force ETH to reconsider its lowest levels, which increases the probability of more declines.
Until the outbreak of $ 2,130, the prospects of the short -term price remains fragile.
Related questions (common questions)
Historically, Ethereum flushed after a multiple weeks losing.
Merchants should monitor $ 1,806 as main support and $ 2,129 as a resistance. The collapse above $ 2450 can indicate more bullish direction. If the momentum turns, the ETH may aim to recover about $ 3400.
The promotion may enhance confidence, but the recent withdrawals that warn the investor.
Ibrahim
The encryption analyst that covers the derivative markets, macro trends, technical analysis and Defi. His business is characterized by in -depth market visions, price expectations and institutional research on digital assets.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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