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ETHEREUM is currently integrated without a brand of $ 2000, trading in narrow limits between $ 1,800 and 1900 dollars with the uncertainty in the market. The bulls have lost control and speculation about a possible continuation of the direction of the bear growing between analysts and investors. With macroeconomic instability, increasing commercial war concerns, and wrong policy decisions by US President Trump, both the stock markets in Crypto and USA are still very volatile, which increases Ethereum conflicts.
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To highlight the fragile position of ETHEREUM, the major analysts have shared a technical analysis that reveals that ETH is currently testing a 5 -year trend line, which is the decisive level that was historically as strong support during the main corrections. If Ethereum fails to keep this trend, the market may see a deeper decrease, and promote homosexuality and possibly pushed ETH towards low demand areas.
On the other hand, if Ethereum holds on this direction line, this may lead to a strong recovery, which provides hope for bulls looking for a reflection. In the coming days, Ethereum reaction will determine at this level its next main step, making this pivotal moment of the second largest encrypted currency.
Ethereum faces a decisive test because it trades less than multi -year support
ETHEREUM is subjected to huge sales pressure, driven by total economic certainty and the fears of the trade war that rocked both the encryption markets and the United States. With risk assets struggling to find stability, ETH has lost the main price levels, and is now trading without decisive multi -year support about $ 2000, which may turn into strong resistance if the bulls fail to restore it.
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Analysts warn that ETHEREUM’s declining trend may continue because the broader economic conditions do not show any signs of improvement. Investors are still cautious, with global trade tensions, inflation concerns, and an organizational complaint in the United States, which weighs market morale. However, although these declining factors, some experts believe that Ethereum can prepare for long -term recovery.
Mister Chefro Technical analysis on x ETHEREUM is currently testing a 5 -year support line, which is a stronger level than the demand area of $ 2000. According to his vision, this trend was held historically during the main corrections and was a major turning point for upscale repercussions. If Ethereum maintains support above this level, this may lead to a large recovery gathering, which prompted ETH to above $ 2000 and beyond.
In the coming weeks, the Ethereum reaction in this decisive direction will determine whether the reflection is on the horizon or whether the declining direction will extend beyond that.
Eth bulls and bears is a battle for control
ETHEREUM is now at a decisive crossroads, as the bulls are struggling to restore a brand of $ 2000, while the bears fail to push the ETH to less than $ 1,800. The lengthy monotheism phase left these investors not sure of the main step for ETH.
In order for a recovery raising to form, the bulls must restore the level of $ 2300, which is in line with the 4 -hour moving average (MA) and the SIA moving average (EMA). The breaking of this level would indicate a transformation in momentum and pave the way for more bullish trend towards the main resistance areas.
However, the failure to restore the brand of $ 2000 and the decade over the decisive moving averages may lead to another wave of pressure pressure. The decisive decrease of less than $ 1,800 would put ethereum in dangerous lands, opening the door to a possible re-test of low demand areas of about $ 1,600-$ 1,700.
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With total economic uncertainty and fluctuations at the market level, ETH merchants should monitor the collapse or collapse from the current range, as the following few sessions will determine the short -term direction of Ethereum.
Distinctive image from Dall-E, the tradingView graph
