ethereum It is still under great declining pressure, with the possibility that the declining direction will continue in the coming days or weeks as it struggles the market to recover. After sharply decreased during the past few days, ETH may have finally reached the decisive moment that can lead to a significant increase in escalation.
A strong gathering for the highest new levels on the horizon for ethereum?
During negative market conditions, Ethereum, the second largest encryption asset, tends to decrease with other major digital assets such as Bitcoin and Solana. The price of ETH has now decreased to less than 2000 dollars again, which increased uncertainty about the short -term collapse and reflection.
However, the experienced market expert and Tardigrade investor It indicates A budget development on the ETH chart that can lay the foundation for apostasy and assembly. His prediction indicates this Eth is preparing for a large recovery Altcoin also enters into the area of ​​large areas.
With ETHEREUM is directed in a high area, this means that the sale pressure may have reached exhaustion, which may pave the way for the purchase of pressure. Once the pressure returns are purchased, a new wave of optimism will be presented to the market, which increases the possibility of another mobilization.
According to the analyst, Ethereum entered the Over-PROFS area on the Stoxic index in a 3-year period. In addition to identifying excessive conditions in peak and increase, the main indicator is also used to measure the repercussions of direction and differences.
Looking at development, Trader Tardigrade believes that altcoin You may have reached the bottom at the present level. Historically, ETH witnessed a remarkable growth from the bottom, as it appears in the monthly graph. The chart shows a similar trend in 2019 and 2022, with each session a strong gathering.
These previous scenarios provide further confirmation of Tardigrade’s expectations. In the case of the opposite of previous trends, the analyst expects to move towards its highest level ever, and mainly targets a brand of $ 11,500. Many encryption experts predicted that Ehth Road to a teacher 10,000 dollars and beyond Programmed and natural.
The bullish momentum depends on this main field
ETHEREUM is witnessing another day of the Habboudi movement, with a price level of support of $ 1900. Going on to the current price of ETH, Ali Martinez, expert and experimental for encryption, Propagate The next possible step for Altcoin using the valuable value value (MVRV) (MVRV).
After examining MVRV, Ali Mariniz highlighted that ETH tests the main support levels that are decisive in its next step. if Checked price Of the 2060 dollars, it failed to keep it, Martinez indicated that the following important support is $ 1440, indicating a possible deeper decrease in the price of ETH.
At the time of this report, Ethereum was trading at $ 1892, offering a 0.30 % decrease over the past 24 hours. With the eth to less than 1900 dollars, Feeling feelings It rose around the original, as shown by a decrease of more than 37 % in the daily trading volume.
Distinctive image from Unsplash, Chart from TradingView.com
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