The encryption markets are combined because all eyes are on the upcoming FOMC. Bitcoin price has decreased after determining the temporary high levels of approximately $ 98,000, while the second attempt to rise to more than $ 97,000 has failed. On the other hand, the second largest symbol, ethereum, which is closely affiliated with, remains uniform in the pre -set range that has been kept since the last week of April. Regardless of slow behavior, upward horizons remain intact.
The biggest upgrade ever occurred on Ethereum, which is the Pectra, which has taken the long -awaited changes. The main focus of promotions is on transactions, safe updates, smart wallets and tricks. With this upgrade, one can perform multiple procedures in one treatment. There was also a daily withdrawal of the wallet by providing a new feature called spending control. Also, security promotions made transactions faster and cheaper.
Regardless of this, the overall position of the ETH price does not seem good, because it is poorly performed compared to both Solana and Bitcoin. Interestingly, the price is around its lowest level in the middle of the period, even at times when the BTC price is to $ 100,000. However, Ethereum has the historical ability to recover quickly.
The price of ETH appears to have entered the edge of monotheism that you hold for a while. CMF decreased to less than 0 for the first time since August 2024, and since it led to a recovery, the price increased by more than 165 % and made three attempts to rise above 4000 dollars. Although it failed, the strong MACD signal, which is about to turn into climb, may lead the gathering beyond this range.
The price is witnessing strong pressure after entering the central resistance area between 1819 and $ 1975. The bulls maintain the gathering inside the range, but they fail to start a new run, which may help the distinctive symbol to break the range. Thus, if the price is able to do this, the height may be to $ 4000 or an imminent higher. In the worst cases, if the ETHEREUM (ETH) price fails to adhere to rising support, the decrease near $ 1,000 may be possible.
