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As ETHEREUM (ETH) continues slowly converting decisive resistance levels into support, some analysts consider that the king of Altcoins can run out of time to a new height at all (ATH) in this course.
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Ethereum April concludes in red
Last week, Ethereum tried to restore a brand of $ 1,800, hovering between the price of 1,770 to $ 1,820. Within the past 24 hours, the cryptocurrency witnessed a 5.5 % jump, as the main resistance was divided and the highest level in the past week is 1850 dollars.
In the midst of this basic procedure, the ETH was re-tested to a range of 1,860-1,870 dollars for the first time in one month, and only April 1.56 % closed at the opening price. However, ETHEREUM’s negative monthly closure represents the fifth consecutive month in red for the encrypted currency.
King Altcoins has recorded monthly negative revenues since December, the worst series of performance since 2018, and closed the first quarter of 2025 a decrease of 45.4 %.
Analyst Karl Ronville male This performance, noting that “the good news is that it is historically, the month of May is the most positive month of ETH.” In general, it was one of the best performances for Ethereum, with an average of 27.31 % in May.
In addition, the second quarter was a positive period for the encoded currency, with the Q2 closed in the seven green of nine times. Despite his negative closure in April, Ethereum records a positive return of 2.15 % of this quarter so far, which may indicate that the encrypted currency can continue its current performance if it repeats the date.
Another market observer Vision The ETH price is similar to Mars Bitcoin (BTC) 2020. At that time, “Bitcoin is unified at $ 8,000 … most of it ignored it. Then it reached $ 64,000.”
According to Merlijn Trader, “Ethereum shows exactly the same structure. However, this would indicate another withdrawal that can come before a new ATH.
ETH to skip the ATH gathering this course?
Meanwhile, the Crypto Bullet analyst presented an unequal Macro perspective. According to his center, Ethereum correction ended in the medium term after the lowest levels of August to 2023, and the printing of a “giant reverse candle”, and maintains the mid -year Multifunctional channel.
Accordingly, he argues that the ETH bottom is present, and it is likely to happen in the middle of the period in the next few months, with the first goal of $ 2500.
Crypto Bullet has noticed that the mutation can be either a dead cat or the beginning of a new ATH gathering, adding that it could be the first due to the weak performance of the cryptocurrency and the progress of the cycle.
In this case, ETHEREUM may have a potential rejection in a range ranging from $ 2700-3000 dollars, but the upscale gathering can begin if the resistance of $ 3,000 breaks down and exits the multi-year channel.
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However, it was also suggested that the Ethereum be in a “larger cycle than we all believe”, similar to the encrypted currencies in performing a “one -cycle behind”. Previously analysisCrypto Bullet discussed the ETH capabilities that do not strike this course, indicating the performance of XRP in 2021.
“What if the highest ETH cycle was entry and will print a giant accumulation structure (triangle or zigzag) and get out of it, for example, in 2028?” He asked, and concluded that investors will accumulate more energy for collapse, and that the goals will be much higher.
Distinctive photo of Unsplash.com, Chart from Tradingview.com
