Ethereum Price Stands in a tight fork – Big Price Move Entred?

Ethereum is traded at critical levels after having had weeks of aggressive sales pressure. Since the removal of the $ 2,000 mark, the second largest cryptocurrency has struggled to resume the bullish momentum. Currently down 21% compared to this level, the ETH continues to hover nearly $ 1,580, reflecting a clear lack of conviction of buyers and sellers.

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The market has entered a period of extreme indecision. According to Top Daan’s analyst, Ethereum’s prize has remained compressed in particular, moving barely during the last two days. This type of consolidation often precedes a strong action of prices in both directions, and traders watch closely for signs of a break or ventilation.

Macroeconomic uncertainty continues to influence the feeling of investors, global trade tensions and the concerns of monetary policy to maintain pressure on risk assets like Ethereum. For the moment, the Bulls must recover the resistance zone of $ 1,850 to confirm a trend reversal, while a drop of $ 1,500 could open the door to deeper losses.

As volatility is built in the background, the current compression could be calm before a storm – establishing the scene of the next decisive movement of Ethereum. Will he get out, or is he more downward in store?

Escape of Ethereum compression signals as macro pressure constructions

Ethereum faces a critical test because it is negotiated at compressed levels after weeks of sustained sales pressure. The wider market of cryptography remains under pressure as global tensions increase. The trade war of American president Donald Trump with China continues to shape the macroeconomic feeling, leaving prudent investors in all high -risk asset classes.

Despite last week’s announcement of a 90 -day price break for all countries, with the exception of China, uncertainty remains. The unresolved status of American-Chinese commercial relations continues to weigh on the markets and is one of the main factors stimulating hesitation in the price movement. For Ethereum, this resulted in extremely low volatility and a dead price structure.

Daan shared ideas suggesting that Ethereum’s prize was “extremely compressed” and has not shown a significant movement for a better part of two days. According to Daan, this type of compression generally precedes a significant rupture, although the direction of this movement remains unknown.

Investors and merchants closely monitor this configuration, because the action of compressed prices generally leads to major changes mobilized. With wider macro risks still in play, the next Ethereum movement could define the short -term trend and set the tone for the market in the coming weeks.

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ETH bulls aim to regain control

Ethereum is traded at $ 1,590 after several days of action on the laterally price, oscillating between support for $ 1,550 and resistance almost $ 1,700. Despite the outfit above the lower end of this beach, ETH struggled to generate the necessary momentum to break out and confirm a short-term recovery.

For the bulls to establish a stronger position, the ETH must exceed the mobile average (MA) of 4 hours of 200 days and the exponential mobile average (EMA), which continue to act as a dynamic resistance. A break above these indicators could trigger a renewed interest from traders and point out the start of a recovery phase.

However, the real test is at $ 2,000 – a large area of ​​psychological and technical resistance. The recovery of this level would mark a change of feeling of the market and would open the door to higher targets.

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Lowering, not gaining ground over the current beach and a drop less than $ 1,550 could quickly cause ETH below $ 1,500, increasing the risk of a deeper correction. For the moment, Ethereum remains in a consolidation phase, and the next decisive move will probably dictate if the bulls will regain control or if the sellers push prices in lower demand zones.

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