Ethereum (ETH) went from $ 3,050 to $ 3,400 in less than three days, triggering a new optimism among investors who believe that ETH is ready for important gains this year. After weeks of uncertainty and sales pressure, the last action of Ethereum prices renewed the bullish feeling, analysts predicting more upwards.
Key measures on the intotheblock chain support these perspectives, revealing that Ethereum has a 2.4 -year -old average maintenance time, signaling strong confidence of long -term holders. These data suggest that despite short -term volatility, Ethereum investors remain committed, strengthening the idea that ETH could see a sustained rally as market conditions improve.
With the bullish building, all eyes are now at critical resistance levels, which, if broken, could push Ethereum to multi-house peaks. However, investors remain cautious, Car Ethereum still has to recover its peaks from all previous time to fully confirm a new bullish phase. The coming weeks will be crucial to determine if the ETH can maintain its upward trend and surpass the larger market in 2024.
Ethereum faces uncertainty but LTHs show confidence
Ethereum has been in a persistent decrease trend since the end of December, its price falling greater than 28% of local summits of $ 4,100. Compared to Bitcoin’s performance, ETH disappointed investors, which leads to speculation that 2024 could be another “bad year” for the second largest cryptocurrency.
Despite these concerns, data on the intotheblock chain suggest a different perspective. The metrics reveal that the average maintenance time of Ethereum is 2.4 years, highlighting a strong confidence of long -term holders. This indicates that despite the current prices difficulties, ETH investors continue to accumulate and hold, anticipating future gains.
However, Ethereum’s growth potential appears somewhat temperate while layer 2 solutions (L2S) and alternative blockchains of layer 1 (L1) continue to fragment attention and adoption. New investors and developers explore competing ecosystems, leading to a short -term short -term participants in the ETH network. This change has created an uncertainty to know if ETH can maintain its dominant position in the Altcoin space.
The coming weeks will be crucial for ETH, because February has always been a monthly month for the assets. If Ethereum can recover key resistance levels and attract new demand, a reversal could be on the horizon, offering investors renewed confidence in its long -term potential.
ETH price perspectives: key levels to monitor
Ethereum (ETH) is currently negotiated at $ 3,320 after a volatile Friday that saw the price increase at $ 3,448 before tracing less than $ 3,300. Despite the price oscillations, ETH seems strong and ready to get out of its downward trend.
If the bulls can maintain above the $ 3,300 mark and pass $ 3,500 over the weekend, ETH could enter a massive rally to the level of $ 4,000. This would lead to a trend reversal, attracting new demand and rekindling the confidence of investors.
However, the risk of additional consolidation or even correction remains. If the ETH does not maintain current support levels, this could increase the sales pressure, postponing the price to test lower demand areas. Losing the $ 3,200 mark would indicate weakness, potentially delaying the bullish rupture of Ethereum.
For the moment, ETH remains at a critical moment, investors looking closely to see if the bulls can support the momentum and recover key resistance levels. The action of weekend prices will be essential to determine the next major movement of Ethereum, giving the tone for the coming weeks.
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