The ETH price opened the trading around the level of $ 2630 on February 10, and entered the recession for 3 days. Historical data indicates the latest ETHEREUM FOUNDATION that can raise reactions in the volatile market next week.
Ethereum price stabilizes at 2600 dollars with the start of the declining pressure
Ethereum (ETH) struggled to get momentum in the first week of February, as it faces multi -domination stimuli. The internal challenges, including controversial network updates and the increased circulating offer, disabled the upward progress. In addition, the opposite winds of the total economy of the trade war between the United States of China have exacerbated the shrinkage.
Between February 1 and February 7, the ETH price saw a 20 % sharp decrease, decreasing from 3300 dollars to the level of $ 2600. Since February 7, the landfill has stopped with a significantly declining pressure pressure. However, despite this stability, the ETH has not yet recovered from last week.
While its best delivered one of the most prominent modified such as Binance Coin (BNB) and Solana (SOL), gained gains during the weekend, ETH remained stagnant in the range of $ 2,500 to $ 2700. This monotheism significantly reflects Bitcoin prices, highlighting the investor frequency, waiting approach and vision among merchants.
Ethereum monitored the movement of 50,000 ETH, which sparked speculation
Ethereum stagnation coincided during the weekend with the investor turning into a focus towards the broader Altcoin market. Although Bitcoin’s lack of activity is due to the sale of a mine, the founder of Capriole Investments Charles Edwards, it appears that the side movement of ETH is affected by the recent ETHEREUM Corporation transactions.
On February 9, Blockchain Peckshield platform A mark has been placed An important deal that includes ethereum – the organization responsible for supervising the operations and development of the network.
“#Peckshieldalert ETHEREUM has organized $ 50,000 ($ 131.6 million) to EF: Defi Multisig to support and participate in the ethereum Defi.
– PECKSHIELDALERT, February 9, 2025.
It is worth noting that PECKSHIELD made it clear that ETH 50,000 (about 131.6 million dollars) were not liquidated, but rather was transferred to a new multi -signing portfolio aimed at supporting the ethereum ecosystem. In theory, this can be a thunderbolt sign, indicating more investment in Defi projects and the development of the ecosystem.
However, historical trends indicate that ETH prices have often declined in the wake of large ETHEREUM flows. The sales of the interior or the re -customization of the main boxes tend to stir up the homosexuality among their holders, as they raise concerns about possible future liquidation. These moves can also deter those entering the new market who may fear an increase in fluctuation or additional negative pressure.
Although this recent transaction was not a sales process directly, it is possible that merchants will remain cautious until the clarification of more clarification appears. Without a significant positive increase in the feeling of the broader market in the market, the ETH price for momentum can fight at the beginning of the week.
Looking forward, investors will monitor the activities of the Ethereum Foundation, and the market reactions to measure whether this last development will be a bullish stimulus or a rejuvenated signal pressure. Until then, the short -term ETH path remains uncertain, indicating technical indicators to both potential upward trend and more stagnation risks.
ETHEREUM price expectations: 2,750 dollars in the market can rotate
ETHEREUM Prices Prices below offers an enormous future look, as the original continues to trade in the unification phase near $ 2,575. The falling pattern, which previously presented a relief gathering, has been nullified through the latest collapse, which enhances negative risks in the short term.
The size analysis reveals a noticeable decrease in the participation, indicating the lack of bullish condemnation at the current levels. RSI is 29.61, in the depth of excessive land, which means a potential artistic recovery, but with the index continues to the bottom, the momentum remains weak.
For the upper scenario, ETH will need to restore $ 2750 as a support level to restore market confidence. A break above this level can lead to fresh purchase pressure, which opens the door to restore $ 3000, where the previous resistance group is located. If you return buyers, the shift in feelings may lead to pushing the eth up, which reflects the gains seen in Altcoins such as Solana and Binance Coin.
On the contrary, the failure to obtain $ 2,500 support can exacerbate the sale pressure, which is likely to pay ETH about $ 2,400 or less. With the distribution of historical data to the low prices after the ETHEREUM Foundation’s transactions, merchants remain cautious, and unless the demand is declining, ETHEREUM can fight to restore rising momentum in the short term.
Related questions (common questions)
ETHEREUM 50,000 ETH has moved to a multiple portfolio to support the Defi ecosystem, which has sparked speculation about the possible effects on ETH work.
Although the transportation was not directly selling, historical trends indicate that large external flows often precede declines in prices in the short term.
The main levels to be monitored are $ 2,500 as support and 2700 dollars as a resistance. The breakdown above or less of these levels can indicate the next direction of the ETH.
Ibrahim
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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