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Ethereum closes between $ 2,650 and $ 2,750 for last week, creating uncertainty in the short term. The basic procedure remains decisive as it fights bulls to restore the level of $ 2,800, a major supply area that can determine the next step for Ethereum. While long -term expectations remain unconfirmed, ETHEREUM is circulating at decisive levels of demand, as it faces the continuous sale pressure that kept the price work.
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Investors are trying to remain calm amid fluctuations, but fear is spreading as Ethereum shows weaknesses compared to bitcoin. Some analysts are concerned that if ETH fails to get more than 2,600 dollars, it may follow a deeper correction. However, others remain optimistic, indicating that ETH can form a long -term rising structure.
Jelle, a Crypto analyst, participated in a technical analysis of X that reveals that ETH is still trading within a multi -year -old ascending triangle, a composition historically indicated strong potential for penetration. If ETH can stick to the current levels and exceed the mark of $ 2,800, this may lead to a recovery towards the main resistance of $ 3,000. Currently, all eyes are in the next step for Ethereum, because the coming days may be decisive in forming their path in the short term.
Ethereum test levels of decisive liquidity
ETHEREUM is currently trading between the main liquidity levels of the short -term demand and supply, with price procedures in a narrow range. Last week, ETH closed between $ 2650 and $ 2750, creating uncertainty about its short -term direction. Investors remain divided, as some expect additional correction and extended standardization, while others expect the recovery to be collected soon. The market is awaiting confirmation of collapse or collapse to determine the next direction.
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Ethereum tries to press and keep it as a support, which will be the first sign of the bullish momentum. However, for the confirmed recovery stage, the ETH must restore 2800 dollars and $ 3000. These main resistance areas have been strong supply areas in the past and are likely to dictate the main step for Ethereum. If ETH fails to restore these levels, a deepest correction may occur in a decrease in the demand for $ 2,500.
An analysis of a generation on x It reveals that ETH is still trading inside a huge upward triangle, which is a multi -year bullish style. He pointed out that the fakes have occurred on both the upward trend and the negative side, with liquidity out in both directions. With negative liquidity now, Jelle expects to return soon, indicating that ETH may soon be trying to restore the lost land.
If Ethereum is able to break the 2800 dollar brand and keep its momentum, the move towards the level of $ 3000 will be the next goal. However, if the pressure pressure continues to control the market, the ETH may remain in the stage of unification or even an additional experience. The next few days will be very important in determining whether ETH can restore the upscale momentum or if it is a deeper correction in the future.
The price is lacking to a short -term direction
ETHEREUM is traded at $ 2,720 after days of side movement less than $ 2,800, struggling to get a hacking momentum. Bulls need to escalate and pay the price above this level as soon as possible to transfer morale and restore control of prices. The brand of $ 2800 was a strong supply area, and a broken over it would open the door to move towards the level of $ 3,000.
On the negative side, defending $ 2700 and up to $ 2,600 is very important to maintain the upscale momentum. If ETH is carrying these levels for a long time, it will indicate strong demand and support the possibility of mobilizing recovery. The ongoing step exceeding $ 2700 would encourage buyers to intervene, which increases the chances of re -testing the higher resistance areas.
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However, failure to keep more than $ 2700 can offer Ethereum to increase pressure. If ETH decreases below the level of $ 2,600, a deeper correction in low demand areas may follow about $ 2,500. The next few days will be decisive in determining whether Ethereum can create a solid base to reflect the rise or if the bears will continue to control the price procedure.
Distinctive image from Dall-E, the tradingView graph
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