In the past few days, the cryptocurrency market in general has witnessed a noticeable decrease in prices. Amid this, ETHEREUM (ETH), the second largest encrypted currency in the world according to the maximum market, reached a decisive level near $ 1,800 for the first time since 2023. However, investors and their long -term holders look at this level as an ideal purchase opportunity.
The main level of Ethereum (ETH)
Today, March 13, 2025, a prominent encoding expert shared a post on X (formerly Twitter), saying that the main level of Ethereum is $ 1887, as whales and investors accumulated 1.63 million spiritual symbols. This post acquires great attention from encryption lovers and increased concerns about whether it is a sign of investors or an ideal purchase opportunity.
Technical analysis of Ethereum (ETH) and upcoming levels
According to expert technical analysis, ETH is near the level of decisive support of $ 1,800. However, if the original fails to keep this level, a tremendous decrease in the price may occur in the coming days.
Based on the modern measures of historical prices and patterns, if the original remains higher than the level of $ 1,800, it may rise by 20 % to reach 2200 dollars in the coming days. On the other hand, if ETH falls and a daily candle closes less than $ 1780, it may decrease by more than 16 % to reach $ 1500.
As of now, the ETH (RSI) relative index is located near the sale area, indicating a decrease in strength in the original and indicates that the price may decrease in the coming days.
Current price momentum
At the time of the press, ETH is trading near $ 1840, as a decrease in prices has recorded more than 2.5 % in the past 24 hours. However, during the same period, the trading volume decreased by 30 %, indicating a decrease in participation from merchants and investors compared to previous days.
Traders are more levels of brightness
Given the low prices, it appears that traders during the day have a downward look, as stated by the Analysis Company on the series Coinglass.
The data shows that merchants are more than $ 1,795, and currently occupies long jobs worth $ 285 million. Meanwhile, another level of Sulfa of $ 1920, with traders occupying short sites worth $ 650 million.
This scale on the series is partially confirming that merchants are currently protesting on ETH and believe that the price will not rise from the level of $ 1920.
