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ETHEREUM is traded near the decisive support area where the entire encryption market is subject to the decline. After days of bullish momentum, ETH is now around the level of $ 2,550-a line that can determine the path in the short term. Despite the withdrawal, ETHEREUM is still relatively strong compared to other assets, indicating signs that the bulls still maintain control of the structure.
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However, the risks rise. If Ethereum loses this main demand area, the downward pressure can intensify and lead to more negative side via the altcoin market. Investors closely monitor as ETH tries to settle after multiple attempts to restore higher levels in recent weeks.
Supreme analyst Ali Martinez shared an artistic signal that could provide hope for bulls. According to Martinez, if ETH managed to stick to more than $ 2550, the TD series on the graph for 4 hours is a flash signal, indicating a possible recovery of about $ 2650. This corresponds to the idea that monotheism near strong demand often leads to the continuation of the upward trend if the momentum continues.
Ethereum builds strength amid uncertainty
ETHEREUM escalates well despite market fluctuations on a large scale, trading with a higher confidence than $ 2400. The original continues to show strength because it merges within the main demand area, which places itself in a higher potential step. This flexibility attracts the attention of analysts, many of whom believe that ETH is preparing to break the cannons that can ignite more wider.
While the technical view remains constructive, global tensions still constitute the morale of investors. The continuous trade friction between the United States and China, as well as the high US treasury revenues, pumps uncertainty in the total economic scene. These methodological risks have the ability to disrupt financial markets, but so far, cryptocurrencies – especially bitcoin and ether – have been relatively firm.
Share Martineza Technical preparation The authenticity of the upholsome thesis can be achieved. According to Martinez, ETHEREUM flashing a TD Series Series Misries on the graph for 4 hours, indicating a possible recovery if ETH continues to get more than $ 2550. This would put the original to move about $ 2650 – a level that can confirm the bullish momentum and restore the focus.
If Ethereum is able to maintain its current support and penetrate immediate resistance, it may serve as a spark to renew optimism through the encryption sector.
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The bulls face the main support after the collapse below $ 2,550
Ethereum is under pressure as it decreases to less than the support level of $ 2550, and is now trading about $ 2,493. On the graph for 4 hours, ETH clearly lost momentum, slipped down 34 EMA ($ 2,608) and also a fracture under 50 and 100 SMAS- levels that were previously working as support during monotheism. The last rejection of the 2800 dollar range led to a sharp correction, with an increase in size, indicating a strong sale activity.
The next main space is to see about $ 2450, which corresponds to the previous unification areas and can serve as short -term support. If this level fails to keep it, ETH can re -test 200 SMA near $ 2300, which is the decisive level that is also lined with early levels.
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Despite the withdrawal, the Ethereum is still in a wider direction. It can regain the restoration of the area between 2,550 and 2,600 dollars with a large range of bullish momentum and restricted the way to another attempt in the resistance range between $ 2700 and $ 2,800. The Serial TD purchase signal, which was previously active above $ 2550, is now nullified, indicating caution for merchants. All eyes are now on bulls to see if they can defend this area and reset the structure in the short term for apostasy.
Distinctive image from Dall-E, the tradingView graph
