Ethereum recovers the pivot level – keys resistance around $ 2,650

Ethereum pushed above the $ 2,600 mark yesterday, signaling renewed momentum, but the rally lost steam as a wider uncertainty of the market has capped other gains. Despite this, the ETH remains resilient, holding above critical demand levels that supported its recent upward trend. Investors and analysts are looking closely, because Ethereum’s strength could be the catalyst that has launched the expected Allsison for a long time.

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The wider market of cryptography remains in a cautious state due to macroeconomic volatility and the feeling of change of investors, but Ethereum’s ability to stay above $ 2,500 has helped maintain an optimistic conviction. Many are now considering the level of $ 2,650, which has historically acted as a barrier for ascending movements.

The superior analyst DAAN shared a technical analysis noting that ETH is currently growing in a key resistance area around $ 2,650. If Ethereum can switch this area in support, it could open the door to a more aggressive break and a wider altcoin rally. Although the risks remain, the overall configuration is more and more favorable to Ethereum bulls, especially if bitcoin stabilizes and the global conditions do not deteriorate more. The next few days can be essential to determine whether the ETH can overcome this resistance and lead the next phase of the market cycle.

Ethereum faces a level of makeup as speculation is built

Ethereum is negotiated again at a pivotal level while the market is watching a potential break that could ignite a season in alts. After months of underperformance marked by high sales pressure and a limited increase, ETH began to show renewed force. The bulls have defended key demand zones, and recent consolidation around the range of $ 2,500 to $ 2,600 is now considered a launch for higher prices.

Despite persistent global tensions, in particular the American-Chinese commercial friction and the increase in yields of the treasury, the ETH has shown signs of resilience. Investors remain optimistic that Ethereum could soon outperform, especially since the domination of Bitcoin shows signs of peak. The long -term change of capital expected from the BTC to altcoins for a long time can be close, and Ethereum is positioned to lead the load.

Daan has highlighted the 4 -hour Table of Ethereum, pointing to resistance around the level of $ 2,650 as a short -term crucial obstacle. The graph reveals that Eth was crushed above but unable, so far, to recover the level decisively. If Ethereum managed to return $ 2,650 in support, he would open the way to $ 2,700 and potentially trigger a bullish continuation.

For the moment, the bulls remain in control, but Ethereum must unravel the air supply to confirm the start of a new stage. A decisive decision above $ 2,700 could serve as a catalyst for ETH and the larger Altcoin market, marking a major change in feeling through the cryptographic landscape.

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Eth price analysis: the rebound is gaining ground

Ethereum is currently negotiated at $ 2,604 on the 4 -hour table after bouncing a local hollow nearly $ 2,500. This recovery dates back to the ETH above its EMA at 34 periods ($ 2,566) and all the main short-term SMAs (50, 100 and 200), which suggests that the short-term bullish momentum returns. However, the price is still faced with an intense offer just below the resistance zone of $ 2,650, a level which has repeatedly rejected the movements up throughout the last month.

The graph shows a clear horizontal beach forming between $ 2,500 and $ 2,700, with ETH unable to break decisively. The volume remained relatively stable, indicating no strong conviction of the bulls or bears. The recent rebound, however, marks a higher hollow, which could refer to a change in potential trend if it was followed by a higher summit.

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While the ETH is again approaching the upper limit of this range, traders should monitor an escape greater than $ 2,650, which would confirm the bull -up continuation. Do not erase this resistance could lead to another rejection at $ 2,500 or the 200 SMA almost $ 2,380. For the moment, Ethereum remains in consolidation mode, but the price of the prices is slightly bowed in favor of the bulls as long as the support holds.

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