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Ethereum experienced one of the most chaotic negotiation days in its history last Monday, because it plunged more than 30% in less than 24 hours in the midst of American trade fears. However, the market quickly rebounded after President Trump announced negotiations with Canada and Mexico, leading to a strong recovery through cryptographic assets.
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Despite this rebound, Ethereum remains much lower than other altcoins, which raises concerns concerning the duration of this sub-performance. Investors are looking closely at prices, because ETH continues to negotiate themselves at historically low levels compared to bitcoin and other altcoins.
The upper analyst Carl Runefelt shared a technical analysis on X, revealing that Ethereum retains a key level of horizontal support on the Ethbtc graphic. This suggests that ETH could be at a turning point, with a potential possibility of recovery if the bulls intervene. However, not holding this level could indicate further.
With Ethereum lagging behind its peers, the feeling remains mixed and the market participants await a clear confirmation of the trend. Eth will finally start to catch up, or is another leg still on the table? The next few weeks will be crucial.
Ethereum faces uncertainty after the liquidations recorded
Ethereum had a hard time after one of the most brutal liquidation events in the history of cryptography, with more than $ 8 billion dollars of the market between Sunday evening and Monday. ETH was one of the hardest active ingredients, with low and uncertain action prices compared to Bitcoin. This has aroused concerns among analysts, who fear that the underperformance of Ethereum will continue.
However, the best analyst Carl Runefelt remains optimistic. He shared a technical analysis on X, revealing that Ethereum has a crucial horizontal support level on the ethbtc table approximately 0.028. Runefelt believes that if ETH bounces from this level, he could trigger a massive parabolic decision, marking the start of a long -awaited season.
Ethereum has been late on the BTC since the end of 2021, having not recovered its domination despite multiple market gatherings. While Bitcoin continues to flirt with summits of all time, the ETH remains far from its previous peak, and many traders now wonder if Ethereum can regain its strength.
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For the moment, Ethereum remains at a level of makeup or rupture, with a key support but a pressure building. If the ETH manages to get out of this area, it could lead to a strong recovery and change feelings on the market. However, not supporting support could mean more in advance.
Can bulls recover the momentum?
Ethereum is negotiated at $ 2,780 after having tested two critical moving averages – the 200 -day mobile average at $ 2,482 and the 200 -day exponential medium to $ 2,288. These indicators have been the main long -term levels of support since July 2020, confirming that Ethereum’s macro trend remains intact despite the recent volatility.
For Ethereum to reverse the short -term downward trend, the bulls must recover the $ 2,800 mark and maintain it as a support. This level is a psychological and technical barrier which would signal a renewed force. A push above $ 3,000 is the next critical step, because the breakdown of this resistance would pass the feeling of lowering to bullish and would trigger a movement in the key supply areas.
If Ethereum fails to recover these levels, the market could see another wave of sales pressure, pushing the ETH to lower demand areas. However, historical trends suggest that when ETH is above these mobile averages, it often leads to strong gatherings.
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Investors watch carefully to see if Ethereum can recover and restore its bullish momentum. An escape greater than $ 3,000 will open the ground for a push towards higher resistance levels, potentially leading to a major rally in the coming months.
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