Ethereum price data highlights $1,000 as the final bottom for ETH

Ether (ETH), the original symbol of ETHEREUM, displays signs of bullish exhaustion after a 65 % decrease in the past three months. The pace of the landmark and excessive conditions showed by different ETH price standards have investors who are asking whether the market bottom is approaching.

Moral spaces indicate a decrease to $ 1,000

The current price movement of ETHER reflects a familiar, familiar pattern in 2018 and 2022. In both cases, the ETH price saw euphoric marches ending with sharp stumbling blocks and long bear markets.

Each of these courses shared the following main features:

• After the peak price (the chapters of the course in the graph above), the morals were extensively recovered, and often decreased through the main Fibonacci levels.

• The bottom of the course is usually formed once the relative strength index in the lands of sale (less than 30), with prices stabilized near the historic Fibonacci regions.

The current setting is similar to this structure.

In December 2024, ETHER was the highest level above 4,095 dollars, while the relative strength index was lower – which led to a decrease in the declining difference in previous summits. This difference represents the beginning of a sharp correction, very similar to the patterns seen in 2018 and 2022.

Currently, the ETH price has closed less than the REERARATED 1.0 Fibonacci level at about $ 1550. Meanwhile, its weekly relative strength indicators are still above the 30 -sales threshold, indicating a space for more declines, at least until the reading is less than 30.

The outdoor suggests that ETHEREUM can be at the final station of its decline, with the following possible price goals within the price of $ 990 – $ 1,240, and the extent of alignment with the retreat area 0.618-0.786 Vibonacci.

Related to: 3 reasons the ethereum can turn into an angle: Kain Warwick, X Hall of Flame

Ethereum NUPL is located in “surrender” – another index

Ethereum Net profit/unrealized loss (NUPL) The “surrender” area – a stage of Onchin, entered where most investors reserve. In previous sessions, similar moves occurred in this region near the main market bottoms.

In March 2020, NUPL turned negative before ETH was sharply recovered after the Covid-19 market collapsed. A similar pattern appeared in June 2022, when the scale fell in the surrender area shortly before the ETHEREUM was found to the lowest level in the bear market about $ 880.

Now that ETH has again entered this area, the current preparation is repeated loosely those preceding stages of the bottom – with the main fibonacci support levels near $ 1,000.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.