Ethereum carries a multi-year bullish style-Experts suggest that the next step will be the “real deal”

Ethereum is struggling to be less than a sign of $ 2800 for several days, as feelings about the second largest encrypted currency in the world have become increasingly negative. The continuous sale pressure of investors and analysts left concern about Ethereum’s ability to recover, as many have begun to lose hope in a gathering.

The landmarks are intensified only with the continued performance of the ETH compared to bitcoin and other major assets, causing frustration among the market participants who expected a stronger start for this year.

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Despite this negative view, there are reasons for optimism. Supreme analyst Jelle shared a technical analysis that reveals that Ethereum is still trading in a multi -year -old ascending triangle, a bullish plan that can indicate a big step. This pattern indicates that Ethereum may be integrated before a possible completion of high prices. Historical patterns have shown that emerging triangles often lead to explosive price movements when violating the main resistance levels.

Since ETH is trading near critical support levels, the coming days will be very important to determine its short -term direction. Investors closely monitor to see if this bullish pattern carries and whether Ethereum can restore momentum, which may cause a recovery that can restore confidence in the market.

Ethereum prepares for a decisive step

Ethereum seems to be preparing for a decisive step because it is struggling to restore momentum in the difficult market environment. Investors grow increasingly frustration due to the dull work of Ethereum, optimism for gathering fades.

Compared to Bitcoin and other Altcoins like Solana, Ethereum was twice as a performance, leaving the bulls with little control of price movement. Continuous selling pressure has led to the distinction of hopes for recovery, which prompted many to ask whether Ethereum could restore his feet.

However, not all hope. Higher analyst Jill recently shared a Technical analysis on xNoting that Ethereum is still circulating within a multi-year-old-softer triangle-a bullish pattern that historically precedes explosive movements.

According to a generation, the price of Ethereum may be fake on both sides of this structure, which often indicates that the next step will be the real deal. This technical preparation indicates that ETHEREUM is building energy for great outbreak or collapse.

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Jelle also sheds light on a brand of $ 4,000 as a critical supply area. Ethereum tested this level three times without success, but it is believed that the fourth attempt could finally exceed. If Ethereum managed to wipe this main resistance, this will cause a turning point and may ignite a crowd in discovering prices, restoring confidence between investors.

Price analysis: The main levels to be held

ETHEREUM is currently trading at $ 2650 after selling pressure and uncertainty in the market. The price has struggled to restore a brand of $ 2800 since last Wednesday, which reflects a telephone feeling that dominated the price of ETH since late December. Bulls face increasing challenges as momentum remains on the side of the bears, and confidence continues between investors.

To reflect the continuous declining direction, bulls need to keep a level of $ 2,600 as strong support. This price has been a major demand area in the past and could provide the basis for recovery. However, keeping this level is not enough – Ertereum must also retrieve a sign of $ 2800, and most importantly, to exceed the level of $ 3000 to indicate a transformation in the market morale.

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If Ethereum can exceed 2600 dollars and recover two levels of $ 2800 and $ 3,000, it may raise payment to higher supply areas. This step would provide the momentum needed to restore control and may pushed ETH towards stronger resistance levels. However, failure to keep $ 2,600 can open the door for more negative side, with the following critical support levels significantly.

Distinctive image from Dall-E, the tradingView graph