Ether Lee (ETH) recorded the new annual low of $ 2,076 at the beginning of today, and the second largest cryptocurrency with a market cap is weaker. If Ether Lee is less than $ 2,000, additional losses may occur for investors.
12 -month lowest Ether Leeum sentiment
According to Coingecko’s data, Ether Lee has decreased by 28% over the last 30 days and is currently dealing with $ 2,200. Cryptocurrency has been more than $ 230 billion since December 2024.
Crypto Investment Manager 0xlouist took X to X to share a chart that indicates that the emotions around Ethereum are at the lowest point per year. The drop of less than $ 2,000 can strengthen the weaknesses, which can apply more pressure on the ETH.
Similarly, Bitcoin (BTC) merchants and investor Jason Pizzino said that if ETH is finished from $ 2,000 to $ 2,100 or less, ETH can be “more problematic than expected.” He added:
February is when most of the influenza hits the drum. $ eth Trump and others were buying millions of dollars, so they told us to follow money. It always sounds fishy.
Nearly less than $ 2,000, the monthly chart completes the weak tower pattern and sends ETH to a low $ 1,000. In the context, Ether Lee’s last time in the $ 1,500 range was in October 2023.
Fellow password analyst Morin Emphasis The weekly demand for ETH is between $ 1,900 and $ 2,100 and the weekly supply area is about $ 2,600. Analysts expect digital assets to change “in the near future” within this range.
Positive signs for ETH
The short -term outlook for ETH seems uncertain, but some indicators suggest that investors have not completely lost their trust in their assets. For example, using chain data, ALI Martinez, an encryption analyst, is a large holder who is also called a crypto whale. I bought it More than 110,000 people over the last 72 hours.
Similarly, Leon Waidmann, director of Onchain Foundation, pointed out that despite ETH’s prices, Exchange Reserves continues to fall. WAIDMANN is an Exchange Reserves Falling indicates investor trust. He pointed out that an ETH token with a small ETH token is being transferred to an exchange for potential sales.
However, the ratio of the steaking ratio of the network Look at A sharp decrease in the highest point in November 2024. On the other hand, the encryption analyst Ted pillow is still optimistic. prediction The ETH will still surpass $ 10,000. In the press time, ETH has fallen 3.6% to $ 2,222 over the last 24 hours.
The main image of unsplash.com, X and TradingView.com charts