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Ethereum is negotiated over $ 1,700 after a few volatile weeks, the bulls now trying to recover higher levels and return to support for support. Despite persistent macroeconomic tensions and the current commercial confrontation between the United States and China, markets are starting to assess optimism because investors are predicting progress in negotiations. This renewed feeling has raised risk assets like ETH, which shows the first signs of potential break.
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Analysts closely look at the action of the current prices of Ethereum, which suggests a possible change in trend. The superior analyst Daan shared a technical view of X, stressing that ETH tries to resume its previous horizontal support around $ 1,750. In case of success, this would mark the first time in months when Ethereum recovers a level of key support after having rejected it before and established lower stockings.
While Ethereum fights to resume the lost ground, all eyes are at this critical level. A break here could lead to a renewed increase in the Altcoin market, strengthening the growing speculation according to which the worst of the correction could already be behind us.
Ethereum Bulls tries to change the structure of the market
Ethereum rallied impressively, earning more than 32% compared to its local hollow of $ 1,383. This recovery brought ETH to a critical price level, where bulls must maintain and take momentum to break the wider drop trend which defined a large part of 2024. A decision supported above the current levels could mark a long-awaited change in the market structure, giving the confidence that Ethereum is ready to rise up in the medium term.
However, wider macroeconomic forces continue to weigh heavily on the feeling of investors. The current commercial tensions between the United States and China are not resolved, each new price threat adding additional pressure on global supply chains. These geopolitical pressures threaten to limit the appetite for risks and any new escalation could block the resumption of Ethereum. On the other hand, a diplomatic breakthrough could trigger a strong change in the positioning of investors to all risk assets, including the crypto.
In the meantime, Ethereum must defend the current levels to maintain the bullish momentum intact. Daan’s analysis stressed that ETH is currently testing the $ 1,750 level, which previously acted as a key support. If Ethereum can recover this horizontal area, it would mark the first time in months that ETH withdraws rather than rejecting a critical level. Daan stressed that daily closures above $ 1,750 are ideal and confirmed the force, potentially opening the door for greater escape.
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Eth Price holds key levels, bulls must recover $ 2,000 soon
Ethereum is currently negotiated at $ 1,770, now the higher force of the EMA EMA EMA, a key short -term indicator which has historically acted as resistance and support during critical trend changes. The bulls have managed to defend this level in the last sessions, signaling growing confidence and momentum while Ethereum tries to recover from its recent downward trend.
Holding above the $ 1,700 area is now essential to avoid triggering another wave of sales. This level has become the new battlefield for bulls and bears, and continuous consolidation above can lay the foundations for a wider rally. The next major objective is a decisive recovery of the level of $ 2,000. An escape above this threshold would mark a strong change of feeling and could trigger additional advantages while buyers away would reintegrate the market.
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However, caution remains justified. Failure to comply with the current support would invalidate the recovery story and open the door to new losses. If Ethereum decreases below $ 1,700 with a volume, it could review the level of $ 1,500, which acted as a historic request zone. This would strengthen a longer -term lower structure and delay hopes for a large -scale recovery.
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