The cause of confidence
The strict editorial policy that focuses on accuracy, importance and impartiality
It was created by industry experts and carefully review
The highest standards in reports and publishing
The strict editorial policy that focuses on accuracy, importance and impartiality
Morbi Pretium Leo Et Nisl Aliguam Mollis. Quisque Arcu Lorem, Quis Quis Pellentesque NEC, ULLAMCORPER EU ODIO.
Este artículo también está disponible en estñol.
ETHEREUM (ETH) has decreased by 30 % over the past two weeks, which reflects a wider weakness in the encryption market as the global economy suffers from escalation of tariff wars. The encryption analyst Ali Martinez warns that ETH can decrease further in the short term, which is likely to test the level of $ 1,200.
More Ethereum pain, but recovery is possible
Ethereum continues to struggle amid global economic pressure. The second largest encrypted currency in the world has decreased by the market to another 8.3 % over the past 24 hours and is currently being traded in a range of $ 1,000.
Related reading
Commenting on the last price procedure, the most prominent experienced analyst Martinez can find major support at the $ 1200 sign. Participated in the following daily plan for ETH, showing how digital assets have penetrated multiple support levels since December 2024, when they were traded near $ 4000.
Meanwhile, the famous analyst Karl Moon indicated that ETH is currently trading less than the price of $ 2000. He pointed out that the last time it occurred-in March 2020 at the height of the Covid-19 pandemic-ETH fell from $ 289 to $ 109.
In a more optimistic note, Moon added that ETH quickly recovered after the sharp decline. Based on historical trends, the current price level can provide a potential purchase of investors in the long run.
For those who are not familiar, the price achieved for accumulation addresses-as shown in the Cryptorank chart above-is the average price that their long-term holders gained. This scale has worked historically as a strong support zone.
Is it about to surprise the market?
As the market’s feelings approach its lowest historical levels, it appears that confidence in ETH is diminishing. ETHEREUM FEAR & Greed Index currently Sitting In 20, it indicates “extreme fear” among investors.
Related reading
Despite the declining mood, some scales indicate the series and historical patterns that ETH can be about to be a strong bullish reflection-that the investors likely hold the guard.
For example, Mister Crypto recently made a comparison between the current ATH procedures in 2020, suggestion Ethereum can start high prices by Q2 2025.
Likewise, the market value of the ETHEREUM of the achieved value (MVRV) Z hints that ETH may be less than its value at the current price. The last time its value was estimated – in October 2023 – I witnessed A sharp crowd of 160 %.
However, not all signs are ascending. to rise ETH Exchange reserves continue to raise concerns about potential sales pressure from holders. At the time of the press, ETH is traded at $ 1,457, a decrease of 8.3 % over the past 24 hours.
A distinctive image of Unsplash, X and TradingView.com plans
