Ethereum has undergone a healthy correction following an explosive rally of several weeks which has seen its price increase by more than 80% since the end of June. After reaching new local heights, the market cools, but the feeling remains strong when the main players continue to accumulate.
In a notable decision, World Liberty Financial (WLFI) – A decentralized financial protocol and a cryptocurrency company founded in 2024 and owned by US President Donald Trump – bought $ 2,010,000 ETH just a few hours ago. This follows several consecutive days of portfolio activity linked to WLFI, reporting continuous confidence in the potential for Ethereum.
The time of this purchase is essential. Ethereum seems to be entering a new phase of expansion, supported by the improvement of fundamentals, the growth of institutional interests and a strong moment of challenge. Although short -term volatility can persist, the accumulation during high -level investors adds weight to speculation that Ethereum could resume its rise after this consolidation.
Institutional request, legal clarity and macro-fire fuel Ethereum Hijuile perspectives
The best Ted Pillows analysts report that World Liberty Financial now has $ 281,000,000 from Ethereum. This massive accumulation reflects an upward trend in institutional interest for ETH, which could continue to develop in the coming weeks. The pillows suggest that as long as large entities like WLFI continue to acquire ethors, the long -term prospects of the asset remains structurally bruised.
Beyond institutional demand, recent legislative breakthroughs in the United States provide new rear winds for Ethereum. The approval of the law on engineering and the law on clarity by the American congress marks a turning point in the regulatory landscape. These bills aim to provide legal clarity and protections for decentralized financing and crypto protocols, potentially disturbing a larger adoption and capital entries.
Meanwhile, the macroeconomic backdrop has become more favorable. The fears of recession and aggressive tightening have faded, while the stock markets, including the S&P 500 and the NASDAQ, establish new heights of all time. This change of feeling reduces risk aversion to all areas, allowing cryptographic assets like Ethereum to benefit from a renewed appetite among institutional and detail investors.
ETH price analysis: local decline after a net rally
Ethereum (ETH) is currently negotiated about $ 3,595 after a notable rejection of the resistance zone of $ 3,860, as shown in the 12 -hour graphic. ETH has reached a local summit just below $ 3,900 before entering a corrective phase. Despite the decline, the wider trend remains optimistic, with all the upwards of traveling key – 50 SMA at $ 3,005, 100 SMA at $ 2,759 and 200 SMA at $ 2,469, well below the current price action.
The level of $ 3,742, which has acted as short -term support, has now become a pivot area. Ethereum tries to consolidate between $ 3,750 and $ 3,500, the bulls needing to defend the current levels to avoid a deeper retirement. If this area does not hold, the next strong support is around $ 3,000, which marked the previous resistance during the consolidation phase in May and June.
The volume has decreased slightly after the break, suggesting a temporary charging time. However, as long as the ETH remains above the psychological and technical support of $ 3,000, the upward trend remains intact. A break greater than $ 3,860 could trigger the next leg around $ 4,000 and beyond, while a drop of less than $ 3,500 could lead to a request for the request zone of $ 3,000 to $ 3,200.
Dall-e star image, tradingview graphic
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