Ethereum turns the main resistance to support – can bulls regain the level of $ 2000?

ETHEREUM now maintains more than critical support levels after a few weeks volatile, but continue to conflict by restoring the main resistance areas. The bulls are able to restore some momentum, which helps ETH to settle above the level of $ 1700. However, to confirm a real rising structure and decisively diverting feelings, ETHEREUM must restore and install a higher floor in the coming days.

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Supreme analyst Daan shared a technical preparation that highlights promising development: Ethereum turns the previous horizontal level back into support. According to Daan, this represents a meaningful change in the dynamics of the ETH market, because it is something that the original failed to do for months. Instead of constantly rejecting the resistance and making the lowest levels, ETH now offers early signs of force by defending critical areas.

However, the battle did not end. Global overall uncertainty and tensions between the United States and China continue to pressure all risk assets, including encryption. For ethereum, the daily closure can open over the main resistance the door to a more decisive step, while failure to do this may leave it vulnerable to another round of monotheism or the negative side.

Ethereum faces a decisive test after strong recovery

Ethereum has impressive recovery, receiving more than 32 % of the lowest local level of $ 1,383. Firmly traded more than $ 1700, ETH faces a decisive test: keeping current levels to convert the long -term low price structure into a more upward direction. After months of uncompromising sales pressure, this stability can represent the beginning of a greater reflection if the momentum is fixed.

However, the wider macroeconomic risk is still looming on the horizon. The ongoing conflict between the United States and China continues to pressure the financial markets, with increasing concerns that the long negotiation process can disrupt global supply chains. If a solution is not reached in the coming weeks, then the origins of risk like Ethereum can struggle to maintain their recent gains. However, a penetration deal can quickly transform the delicious investor’s appetite towards assets, which leads to strengthening a stronger gathering.

Dan Technical Analysis It highlights a major shift in ETH behavior. For the first time in months, ETHEREUM fluctuates a previous horizontal resistance area to support – a sign of strengthening market dynamics. Daan suggests monitoring of a range of 1750 – 2,100 dollars, as Hold Above will indicate a significant improvement in ETH structure.

The daily closure above $ 1750 and gradual unification within this main range will put ETHEREUM for potential hacking towards higher levels in the coming months.

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The ETH price is higher than the main support, but the challenges remain

ETHEREUM is currently trading at $ 1790, while maintaining its location over EMA for 4 hours. This technical level was a strong support in recent days, providing bulls as a basis for building momentum. Maintaining more than $ 1,700 is necessary to maintain the bullish structure that began to be formed after weeks of fluctuations and pressure pressure.

To confirm a strong recovery and turn to the continuous upward trend, the ETH must restore the psychological level of $ 2000. It is possible that the decisive break and enjoy more than $ 2000 will attract an interest in purchase and can open the door to move towards higher resistance areas. However, without a strong catalyst, it can fight bulls to maintain ascending pressure in the short term.

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On the negative side, the loss of support of $ 1700 would indicate increasing twice and most likely to sell. The rest at the bottom of this region can return Ethereum to the $ 1500, which provokes long -standing interests or deeper correction. Currently, the market is still optimistic with caution, but all eyes revolve around whether the bulls can build enough momentum to restore a higher floor soon.