With Bitcoin at the 83,000 dollar sign, Ethereum is struggling to restore its bullish momentum. Currently, it is 1936 dollars with a recovery of the day by 0.66 %. However, the ETH price was greatly launched from its lowest level in 24 hours at $ 1851.
Will this in the short term in the ETH price return to the recovery of $ 2000 for the new recovery? Let’s discover.
Ethereum prices analysis
In the daily chart, the ETH price is a rapid repercussion of its decisive support near $ 1750. While wearing a horizontal level, ETHEREUM gained 3.11 % yesterday to create a cloud.
This hints to a potential V -shaped recovery with a continued bullish direction. However, the lack of momentum is clear as it is asking for a decrease in MACD lines and signal lines.
Moreover, the negative alignment of the EMA 20, 50, 100 and 200 Airlines maintains a clear tension image. Based on the analysis of the price movement, it is possible that the upscale bullish trend will hate the lost psychological mark of $ 2000.
This can restore the declining direction on hand with a post -test reflection. In such a case, diving to $ 1750 is very possible. Under this, the $ 1500 psychological brand will be the level of decisive support.
On the upscale front, if the increasing bitcoin price leads to a total recovery of the market, ETHEREUM may lead to re -testing the EMA line for 20 days at $ 2,242.
The analyst warns of the height of Ethereum supplies on the stock exchanges
According to the encryption analyst Ali Martinez, ETHEREUM recently witnessed a significant flow of stock exchanges. According to the analyst, more than 100,000 ETHs have been transferred to exchanges during the past 48 hours.
More than 100,000 #ETHEREUM $ ETH It has been transferred to exchanges during the past 48 hours! pic.twitter.com/blpq7yzjrq
Ali (ali_charts) March 12, 2025
This offer on the stock exchanges paid to $ 9.23 million to 9.23 million souls. With the massive supply flow, the analyst warns against decline in ETH prices.
Another day of the external flow
On March 11, Ethereum witnessed a simple recovery, Ethereum, United States Part of the Investment Funds circulating It recorded a simple external flow of $ 21.57 million. Blackrock and Fidelity maintains a flowing nature similar to ETF Bitcoin.
On March 11, Blackrock canceled $ 11.82 million from ETH, followed by sincerity that empties $ 9.75 million. With another day of the external flow, the ETH Spot Etfs recorded its fifth consecutive day of the external flow. Since February 20, the United States ETH has managed to record only one day to flow.
