It may face Ethereum price Great negative pressure Because of the decrease in the total market, which is believed to be caused by the recent negative total economic conditions. However, a seasoned encryption expert predicts a transition in price behavior from landing Al -Saudi for ETH Because the origin can suffer from a short -term recovery.
Growing a prominent price reflection of ethereum
Action Price ethereum is looking forward to a potential upward reflection of its current inmate. Technical expert and investor Jonathan Carter It indicates A bullish formation can raise a noticeable increase in the main resistance levels.
When looking at the graph in the time frame for one day, ETHEREUM form a massive landing canal style with the extension of the Habudiya movements. The formation of the descending channel a The budget technical style It is formed by connecting the lower altitudes and low decrease with the parallel trend lines.
Once the price collapses over the upper direction line, it usually indicates that the gathering can be on the horizon. While Ethereum hovers around the main artistic style, altcoin It formed major support at the level of 2060 dollars.
Jonathan Carter stands out short term And long -term opportunities near this support level with goals at $ 2,360 and $ 2,560. In the event of Ethereum recovery and explodes from the concession channel, the expert expects to move to a sign of $ 3450, where the original may witness an increase in purchase pressure.
ETH indicates the beginning of the strong upward trend and the potential end of continuous correction. If the gathering continues, the next main resistance barrier for the challenge is 4,050 dollars, as the current inaugural trend started at the beginning.
When analyzing the time frame for one week, the long -awaited reflection is able to reach the highest new levels ever in the coming weeks. Carter has It was identified A huge upward triangle style on the weekly graph, indicating the increasing momentum towards the upward trend.
The graph shows that ethereum It tries to apostasy from supporting the rising triangle, which will pay its price to an unknown area. Moreover, the ALTCOIN price managed to stay higher than the 100 -day moving average (MA) and a multi -year trend line. When the penetration occurs, Carter expects the bullish momentum to pay prices to 3,200 dollars, 4000 dollars, 4,850 dollars, 6000 dollars, and 7500 dollars.
Is the price of ETH decreased?
Causing the last bleeding direction Eth To reconsider the decisive level that previously led to a significant rise. Market expert and merchant Titan from Crypto I was monitored Development, which indicates imminent price emission.
Specifically, Titan of Crypto indicated that Ethereum has decreased to the level of 2024 on the permanent chart for one day. Looking at the direction of the 2024 price, altcoin may have come out of the bottom and prepare to apostasy at the most important point of interest.
Distinctive image from Unsplash, Chart from TradingView.com
