Ether Leeum As the market is struggling to recover, the trend is likely to continue in the next few days or weeks, and it is still under serious pressure. After falling sharply over the last few days, ETH may have finally reached an important moment to cause a serious rise.
Powerful rally on the new highs on Ether Leeum’s horizon?
Ether Leeum, the second largest password asset in negative market conditions, tends to decrease with other major digital assets. Bitcoin and Sola me. The price of ETH has now fallen to less than $ 2,000 and has increased uncertainty about short -term rise and reversal.
However, seasoned market experts and investor merchants tardigne point With the optimistic development of the ETH chart, you can lay the foundation for rebounds and assembly. His prediction suggests it ETH is preparing for a significant recovery. Altcoin enters an important overhald area.
If Ether Lee is in vogue in the overburden area, this means that pressure sales may have reached fatigue. If you buy pressure on pressure, a new optimism will be introduced into the market, increasing the likelihood of other meetings.
According to the analyst, Ether Lee has entered the radiation zone for three years in probability loan indicators. In addition to determining overtime purchases and overrising conditions, the main indicators are used to measure trend reversal and divergence.
Trader Targradrad believes in the following in consideration of the development altcoin You may have reached the bottom at the current level. Historically, ETH, as you can see on the monthly chart, showed a remarkable growth on the floor. The chart shows a similar trend in 2019 and 2022, and the foot cycle stimulated strong rally.
In the past, this scenario provides more confirmation of the fresh expectations of the trader. Reflecting previous trends, analysts expect to move to a new all -time high with a goal of $ 11,500. Many encryption experts predicted it ETH’s path to a milestone of $ 10,000 Programming and natural.
ETH’s upward momentum depends on this key area.
Ether Lee is witnessing another weakness because the price loses the level of $ 1,900. Crypto expert and merchant ALI Martinez explored ETH’s current price behavior. prediction Use the market value as an MVRV price band to move the following possible movement of Altcoin.
After investigating the MVRV EXTREME Deviation Pricing Bands Metric, ALI Marinez emphasized that ETH is testing important support for the next movement. if Realization Martinez failed to hold $ 2,060, and the following important support is $ 1,440, suggesting potential potential drops of ETH prices.
At the time of writing, Ether Leeum was traded at $ 1,892, showing a 0.30% decrease in the last 24 hours. ETH falls below $ 1,900 Weakness The daily trading volume has decreased by more than 37%, which has risen around assets.
The main image of Unsplash, the chart of TradingView.com
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