Did Ethereum survive the storm? The following collapse ophthalmologist

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ETHEREUM (ETH) continues to obtain a decisive support level after recovering from last week’s correction. The latter from historical demand areas led to some analysts to indicate that Altcoin is preparing to penetrate.
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Ethereum holds the main support
ETHEREUM has regained the main level of $ 1,600 after the support of 1400 dollars decreased for the first time since 2023. The second largest encrypted currency recently decreased by market value to its lowest level in the two years during the correction of last week, which was fueled by US President Donald Trump’s war.
ETH touched $ 1,385 last Wednesday, with the 2018 high levels at all (ATH) before recovery. Amid the 90 -day TROMP announcement for temporary pause, ETHEREUM jumped over 10 % from $ 1,480 to $ 1,600, as it approached for a short period of resistance of $ 1700. However, its price has been recovered to the support zone of $ 1500 to 1500 dollars on Thursday amid the fluctuation of the market.
During the weekend, Altcoins has recovered, hovering between the price range from 1580 to $ 1,680 over the past four days. ETHEREUM has regained $ 1,600 in the past 24 hours, which has increased a sense of correction between some market monitors.
Analyst Ted Bodes indicated that ETH may come close to the collapse of the short -term downward trend line. According to him, investors can expect the cryptocurrency to retain a level of between 1550 and 1,600 dollars now after global markets have gained some power.

It considers that the contract for this range can pay the ETHEREUM price towards one month’s downward trend line. The collapse and confirmation of this resistance, at about $ 1670, can limit the base to jump by 20 % towards the resistance level of $ 2000.
Is eth from the forest?
Merlijn Trading Proposal The eth is preparing to penetrate. The market observer referred to the two -month -old Tennis channel, which could be a “history” if the size rises.
The analyst considers that as Ethereum approaches the upper limits of the channel, “all we need now is the size” for a higher height than a mark of $ 1,690, adding that the collapse of this level will target $ 2700.
He also stressed that the formation of the Eth Double Top was complete After “destroying” the goal of $ 1432, indicating that he “survived the storm.” It is worth noting that the cryptocurrency confirmed this pattern, which was developed within the macro -ranging scope between the ages of 2,196 to 3,904 dollars, following the closure of a lesser process than $ 2,100.
After recovering from its lowest level, “now the face of the face of the face comes, no one expects. 4000 dollars is only the beginning.”
Meanwhile, Rekt Capital High Ethereum dominance is almost ancient in all ages. He explained that since June 2023, the ETH dominance has decreased from 20 % to 8 %, historically the opposite area of the encrypted currency.
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“Generally, Ethereum’s dominance on this green zone should be a chance to increase the increasing reflection, and ETH dominance will be very useful for assessing Altcoin over time,” he indicated on Monday.
When the ETH dominance reached 7.5 % -8.25 %, unlike “to become quieter in the market”, which may indicate a reflection of the Altcoins king.
As of the writing of these lines, ETH is traded at $ 1,609, a 1 % decrease in the daily time frame.

Distinctive photo of Unsplash.com, Chart from Tradingview.com