The encryption market witnessed a remarkable decrease in the first week of February, which is likely to accelerate the new tariff policy by Donald Trump. Bitcoin price fell below the psychological level of $ 100,000, while the ETHEREUM price lost $ 3000. While institutional investment continues to enhance the ETH currency for recovery, this is the key that investors must search for.
The most prominent major events:
- Ethereum price collapse is less than $ 2,800 indicates 15 % negative capabilities.
- The level of $ 2800, supported by the SIS Mobile Mediterranean for 200 days and a long -strong trend line, has created a major reflection point in the February correction.
- Cumberland Drw, a leading institutional trading company, 62381 ETH (~ 174 million dollars) of stock exchanges in the last two days.
ETH flows are dominated with the accumulation of institutions quietly
Ethereum is witnessing a great accumulation, although it is not obtained. In the past two weeks, only 3 days of external flow, the net rose, has not seen the net to $ 854 million.
directing Lookonchain Data, Cumberland DRW 62,381 ETH (at about $ 174 million) of stock exchanges in the last two days and transported them to Coinbaseprim.
These large transactions reinforce the narration that institutional investors are actively accumulating it is likely to advance before the market step.
Ethereum price near the main support zone to renew momentum ascending
This week, the ETHEREUM price corrected a sharp decrease from $ 3,437 to $ 2,714, which represents 21 %. The price decrease currently raises a lower collapse than the main horizontal level for $ 2800 and 100 days of EMA.
The weekly closure that has been closed below the above -mentioned level will enhance the influence of the seller on this original, which extends to the current fall to $ 2300.
In the market sale process on Monday, the correction of ETHEREUM prices witnessed the renewal of the purchase around the level of $ 2300 as it coincided with the long -term support line and 200 days EMA.
Since July 2022, dynamic support has been a accumulation area for buyers, indicating an appropriate reflection point for continuous correction.
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