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Ethereum experienced a massive drop, losing more than 27% of its value in less than five days when the market faces extreme fear and uncertainty. The fast sale has fueled speculation that a lower market could be on the horizon, many analysts calling for a new drop in the coming months.
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However, despite the overwhelmingly lowered feeling, Ethereum is still a chance to recover because the price is now testing a crucial level of demand. If the bulls manage to hold this area, ETH could stage a solid rebound and redo the momentum in favor of buyers.
Top Bigched analyst shared a technical analysis on X, noting that ETH reappears a critical monthly level of demand, which could define the next major movement of Ethereum. Historically, price reactions at this level have led to a solid rebound or a new capitulation, making current market conditions for a pivotal moment for the long -term trajectory of Ethereum.
The next few days will be crucial Car Ethereum will try to stabilize and recover key price levels. If buyers intervene aggressively, the ETH could start a recovery rally, but non-compliance with support can lead to new risks.
Ethereum fights below $ 2,200
Ethereum is negotiated below $ 2,200, finds it difficult to resume the momentum after a serious correction on a market scale. The Altcoin sector continues to bleed and the ETH has now lost almost 50% of its value since it peaks at $ 4,100 in mid-December. The bulls are faced with a critical test because they must defend the key demand levels to avoid selling additional sales pressure and arouse a strong purchase interest.
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The situation is very volatile, the feeling of the market moving towards an extreme fear. Investors fear that Ethereum will continue to decline if the bulls do not hold support and trigger a significant recovery. Many analysts remain cautious, warning that the ETH could enter a prolonged consolidation phase if it does not take up lost ground.
Bigched’s ideas on X emphasize that Ethereum is now reaping a high -time key demand area of around $ 2,000. According to CHEDS, this is an essential level – the loss of this area could trigger a deeper correction, while a strong defense could open the way to a potential recovery rally.
The next few days will be crucial to Ethereum. If the Bulls manage to recover $ 2,200 and push around $ 2,500, a reversal could take place. However, the failure to hold $ 2,000 could see the ETH drop more, potentially testing lower demand areas in the coming weeks.
Can price test request – can bulls regain control?
Ethereum is negotiated at $ 2,120 after having sustainable massive sales days that has grown the price at its lowest level for months. ETH is currently above a high level of demand of around $ 2,000, a crucial area which must be defended to avoid other drawbacks. However, the feeling remains fragile, and if Ethereum does not hold this level, it could trigger a spectacular sale resulting in even lower prices.
The bulls are faced with an urgent challenge to regain control of the price action. The level of $ 2,200 acts now as the first resistance to key, and a break above this brand would be the first step towards stabilization. Beyond that, the ETH must exceed $ 2,500 as soon as possible to confirm a potential trend reversal and report the start of a recovery gathering.
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If the bulls do not hold the support of $ 2,000, Ethereum could be faced with increased volatility and a sharp decline, potentially testing lower demand areas. The next trading sessions will be essential, because ETH’s ability to stay above the key levels will determine whether the market stabilizes or enters a deeper correction phase in the coming weeks.
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