Ethereum has been integrating since “The Big Dump” – the reflection of the local direction or the continuation?
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ETHEREUM (ETH) was stuck in a narrow range, as it was traded to less than 1900 dollars and more than $ 1750 days after heavy sale pressure. The wider encryption market is still under pressure, with fear of controlling feelings and keeping ETH from restoring momentum.
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The recession is largely driven by the total economic certainty and the fears of the escalating trade war, which rocked both the encryption markets and American stock markets. With investors ready for more fluctuations, some fear that the market will put a deeper correction.
However, not all analysts are landing. Some believe that recovery can be on the horizon in the coming months, especially if technical indicators begin to show strength. Supreme analyst Daan visions shared X, and revealed that Ethereum has been combined since the main sales and formed a falling scent-a bullish formation that could indicate the reflection of the local direction.
Currently, ETH is still at risk of more declines, but if this style is displayed, ETHEREUM may explode close to its monotheism and start building momentum for recovery. The next few weeks will be crucial in determining whether the eth can settle or if there is more from the negative side.
Ethereum selum can indicate a reflection
Ethereum has lost more than 57 % of its value, creating a difficult environment for bulls with the continued pressure pressure. ETH is now trading without a multi -year support level, which turns into strong resistance. As long as Ethereum is still less than $ 1900 – 2000 dollars, he will fight bulls to restore momentum, and maintain a healthy feeling intact.
The entire encryption market reflected this weakness, as it witnessed a major collapse alongside the US stock market. The concerns of the World Trade War and the uncertainty surrounding US President Trump’s policies have fueled the sales of risk assets. Since the United States elections in November 2024, macroeconomic fluctuations and increased certainty led to a decrease in markets. With the US stock market reaching its lowest level since September 2024, investors are still ready, and they wonder whether Ethereum has been an additional side.
Despite this dark view, there is some optimism. Dan visions It indicates that Ethereum has been integrated since the main decrease and the shape of the falling spoiler. This upscale formation can lead to a reflection of the local direction if ETH erupted and increases resistance.
In order to achieve this potential recovery, the ETH must be broken over the white region and restore $ 2000. If this happens, bulls can start testing higher levels and building momentum to recover the broader market. However, the ETH/BTC ratio is still near its lowest levels, which only show slight flexibility in recent days. An ongoing power is needed before a real reflection occurs.
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As Ethereum continues to struggle, the next few weeks will be very important in determining whether this falling spoiler can lead to a meaningful gathering or if the declining direction continues.
The bulls are fighting about 1900 dollars
ETHEREUM is currently trading at $ 1900, after days of struggle without a decisive $ 2,000 mark. The bulls have lost control, and ETH is now at its lowest levels since October 2023, which reflects uncertainty in the broader market and a continuous landfill.
With the volatility of the macroeconomic economy and the fears of the trade war, which weighs greatly on the origins of the risk, ETHEREUM continues to face the pressure pressure, making it difficult for the bulls to build momentum for recovery. ETH remains longer than $ 2000, and the stronger the resistance at this level, which prompted buyers abroad out of the market.
In order for Ethereum to avoid deeper losses, the bulls must restore a brand of $ 2000 as soon as possible and establish it as a new support level. The break and the nodes over this threshold can lead to a crowd of recovery, allowing the ETH to test higher resistance areas. However, the loss of current levels would leave ETH vulnerable to another decrease, and perhaps re -testing support near $ 1750 or less.
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The next few days will be very important, as bulls need to intervene and defend the current demand to prevent further negative side. If they fail to do this, the ethereum can extend its landfill to a deeper area.
Distinctive image from Dall-E, the tradingView graph
