In the past few days, the encryption market has seen strong gains, as the Bitcoin price creates the highest new level ever. But this rise led to feelings of profits, causing the market peak temporarily. Ethereum, in particular, struggled to stay higher than his highest level as big investors began to withdraw their money. As a result, there may be a short -term correction of the ETH price in the future.
Ethereum is struggling to meet the request
A market recovery, driven by bitcoin, which reaches its highest levels and better economic conditions, helped pay the ETHEREUM price to the highest level in eight weeks at $ 2731. However, he is now facing a problem attracting strong purchase attention, as many short -term investors have already sold to lock profits.
According to Coinglass, over the past 24 hours, more than $ 40.66 million has been filtered on ETAREUM sites. From this, 15.12 million buyers and $ 25.54 million of sellers. Meanwhile, InTothheblock data shows a sharp decrease in the volume of large transactions, decreasing from 12.24 billion dollars to $ 3.28 billion in just three days.
This indicates that adult investors are retreating, and it weakens the upscale momentum in the price of ETH. With the whales pulling, sellers may acquire the upper hand in the short term, and may lead to the correction of prices.
Despite some recent price conflicts, Ethereum’s Defi activity It continues to grow. The total value saved in Ethereum increased from $ 50.63 billion on April 26 to $ 62.7 billion by May 26, by more than 25 % in less than a month.
Also read: What is the next for Ethereum Price? Will the price of a new ETH ATH set in June 2025?
Some of the largest gains such as Pendle came, as deposits increased by more than 50 %, Ether.fi and eignlayer, both of which witnessed 48 % growth. Ethereum still leads all Blockchains in TVL, and holds 54 % of the market. For comparison, Solana owns 8 %, and the BNB series has 5 % among layer networks 1.
This powerful Defi growth can help support the ETH price and reduce opportunities to significantly, as many investors are optimistic about the apostasy.
What is the following for the price of ETH?
ether The resistance recently faced about $ 2,731, which led to a lower decrease than instant FIB levels. While the bears are enhanced by their dominance, buyers are struggling with the creativity of a mass rally. As of writing this report, the ETH price is trading at $ 2535, as more than 0.6 % decreased in the past 24 hours.
The ETH/USDT pair may decrease to EMA for 100 days (about $ 2,456), which is an important support level for viewing. If the price rises strongly from that point, buyers may make another attempt to exceed $ 2750. If they succeed, the price may rise about 3000 dollars. There is some resistance about $ 2,870, but it is likely that it will not hold for a long time.
However, if the price decreases to less than EMA for 100 days, this upward view may change. In this case, the husband may decrease towards the descending trend line at $ 2,329. With the surrounding the bottom of the midfield, the chances of correction of the price of the ETH price rises.
