Ethereum is now a pivotal time after the explosive rally last week which pushed prices above several key resistance levels. After exceeding $ 2,700, ETH fell and now consolidates above the $ 2,400 mark. This area has become a critical battlefield between the bulls that seek to confirm an escape and carries a deeper correction.
To support the current bullish dynamics, Ethereum must maintain above $ 2,400 and take up the level of $ 2,800 – an area that marks the upper limit of the current consolidation range. An escape confirmed above $ 2,800 could trigger a wider rally and report the start of a long-awaited Alts-Season.
Adding strength to the Haussier affair, the new cryptocizing data reveal that smart money quickly accumulates ETH. This large -scale accumulation suggests growing confidence among institutional actors and long -term investors, even in the midst of increased volatility.
All eyes are now on how Ethereum reacts to these levels. A successful defense of support and a break above the resistance could open the way to a strong continuation. But not to hold more than $ 2,400 would probably invite more downward pressure and delay other bullish advances.
Intelligent money supports Ethereum while the bulls defend the key support
Ethereum shows a renewal of bullish force while the feeling of the market becomes optimistic in the cryptographic landscape. After increasing more than 50% in recent weeks, ETH has been above $ 2,400 level, a key support area that traders and analysts look closely. To solidify a bullish phase and confirm the start of a sustainable rally, the bulls must push Ethereum decisively above the $ 2,800 mark. This would trigger a fresh dynamic and potentially unlock a path to the region from $ 3,000 to $ 3,200.
Despite the positive signs, risks remain. Ethereum is still down around 36% compared to its December 2024 summit almost $ 4,100. This difference highlights the work that bulls still have to make to reverse the wider drop trend. The recent break below the resistance is a natural cooling phase, but if the ETH does not hold above the support, the down pressure could come back quickly.
However, institutional trust seems to increase. According to data shared by high -level analyst Ali Martinez, Smart Money accumulated more than 450,000 ETH in the last month. This increase in the accumulation of whales suggests a longer -term upward perspective, as major holders generally buy during moments of market consolidation to be positioned for future advantages.
If the bulls succeed in defending $ 2,400 and drilling the ceiling of $ 2,800, Ethereum could become the catalyst of a wider Altcoin rally – marking the start of a new season in Altans.
Price action: Key levels in accent
Ethereum (ETH) is currently negotiated about $ 2,493 after failing to maintain the momentum over the $ 2,700 mark. On the 4 -hour board, we can observe a clear break in the steep upward trend that started in early May. After an explosive wave below $ 2,000, ETH joined an aggressively, but now between a corrective phase marked by lower peaks and an increasing sale pressure.
The price is approaching the region from $ 2,480 to $ 2,460, which could serve as short -term support. If this area breaks, the next confluence of interest is close to $ 2,300. The volume has decreased slightly during this retrace, suggesting that sellers are cautious rather than dominant. However, non-compliance with $ 2,400 could change feelings and invite deeper withdrawals.
The EMA and the SMA of 200 periods on the 4 -hour table are well below the current price, at $ 2,084 and $ 1,936 respectively, indicating that the ETH is still in bullish territory from the point of view of the trend. These mobile averages could serve as a dynamic support if the correction is intensifying.
Overall, Ethereum remains in a strong upward trend, but the current decline suggests that a consolidation phase is underway. The bulls must defend the key levels and exceed $ 2,700 again to resume the upward momentum and aim for the range from $ 2,800 to $ 3,000.
Dall-e star image, tradingview graphic
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