Este artículo también está disponible en español.
Ethereum has been struggling below the $2,800 mark for days, with sentiment around the second-largest cryptocurrency in the world becoming increasingly negative. Persistent selling pressure has left investors and analysts worried about Ethereum’s ability to stage a recovery, with many starting to lose hope for a rally.
The bearish sentiment has only intensified as ETH continues to underperform compared to Bitcoin and other major assets, causing frustration among market participants who expected a stronger start to the year.
Related Reading
Despite this negative outlook, there are reasons for optimism. Top analyst Jelle shared a technical analysis revealing that Ethereum is still trading within a multi-year ascending triangle, a bullish chart pattern that could signal a significant move higher. This pattern suggests Ethereum may just be consolidating before a potential breakout into higher prices. Historical patterns have shown that ascending triangles often lead to explosive price moves when key resistance levels are breached.
As ETH trades near critical support levels, the coming days will be crucial for determining its short-term direction. Investors are watching closely to see if this bullish pattern holds and whether Ethereum can regain momentum, potentially sparking a recovery that could restore confidence in the market.
Ethereum Prepares For A Decisive Move
Ethereum appears to be gearing up for a decisive move as it struggles to reclaim momentum amid a challenging market environment. Investors are growing increasingly frustrated with Ethereum’s lackluster price action, and optimism for a rally is fading.
Compared to Bitcoin and other altcoins like Solana, Ethereum has been underperforming, leaving bulls with little control over the price action. The constant selling pressure has dampened hopes for a recovery, leading many to question whether Ethereum can regain its footing.
However, not all hope is lost. Top analyst Jelle recently shared a technical analysis on X, pointing out that Ethereum is still trading within a multi-year ascending triangle—a bullish pattern that historically precedes explosive moves.
According to Jelle, Ethereum’s price has faked out on both sides of this structure, a behavior that often suggests the next move will be the real deal. This technical setup indicates that Ethereum is building energy for a significant breakout or breakdown.
Related Reading
Jelle also highlights the $4,000 mark as a critical supply zone. Ethereum has tested this level three times without success, but he believes the fourth attempt could finally break through. If Ethereum can clear this key resistance, it would mark a turning point and potentially ignite a rally into price discovery, restoring confidence among investors.
Price Analysis: Key Levels To Hold
Ethereum is currently trading at $2,650 after several days of selling pressure and market uncertainty. The price has struggled to reclaim the $2,800 mark since last Wednesday, reflecting a bearish sentiment that has dominated ETH’s price action since late December. Bulls are facing increasing challenges as the momentum remains on the side of the bears, and confidence among investors continues to weaken.
To reverse the ongoing downtrend, bulls need to hold the $2,600 level as strong support. This price has acted as a key demand zone in the past and could provide the foundation for a recovery. However, simply holding this level is not enough—Ethereum must also reclaim the $2,800 mark and, more importantly, break above the $3,000 level to signal a shift in market sentiment.
Related Reading
If Ethereum can hold above $2,600 and successfully reclaim both the $2,800 and $3,000 levels, it could spark a push into higher supply zones. A move like this would provide the momentum needed for bulls to regain control and potentially drive ETH toward stronger resistance levels. However, failing to hold $2,600 could open the door to further downside, with the next critical support levels significantly lower.
Featured image from Dall-E, chart from TradingView
Este artículo también está disponible en español.
Ethereum has been struggling below the $2,800 mark for days, with sentiment around the second-largest cryptocurrency in the world becoming increasingly negative. Persistent selling pressure has left investors and analysts worried about Ethereum’s ability to stage a recovery, with many starting to lose hope for a rally.
The bearish sentiment has only intensified as ETH continues to underperform compared to Bitcoin and other major assets, causing frustration among market participants who expected a stronger start to the year.
Related Reading
Despite this negative outlook, there are reasons for optimism. Top analyst Jelle shared a technical analysis revealing that Ethereum is still trading within a multi-year ascending triangle, a bullish chart pattern that could signal a significant move higher. This pattern suggests Ethereum may just be consolidating before a potential breakout into higher prices. Historical patterns have shown that ascending triangles often lead to explosive price moves when key resistance levels are breached.
As ETH trades near critical support levels, the coming days will be crucial for determining its short-term direction. Investors are watching closely to see if this bullish pattern holds and whether Ethereum can regain momentum, potentially sparking a recovery that could restore confidence in the market.
Ethereum Prepares For A Decisive Move
Ethereum appears to be gearing up for a decisive move as it struggles to reclaim momentum amid a challenging market environment. Investors are growing increasingly frustrated with Ethereum’s lackluster price action, and optimism for a rally is fading.
Compared to Bitcoin and other altcoins like Solana, Ethereum has been underperforming, leaving bulls with little control over the price action. The constant selling pressure has dampened hopes for a recovery, leading many to question whether Ethereum can regain its footing.
However, not all hope is lost. Top analyst Jelle recently shared a technical analysis on X, pointing out that Ethereum is still trading within a multi-year ascending triangle—a bullish pattern that historically precedes explosive moves.
According to Jelle, Ethereum’s price has faked out on both sides of this structure, a behavior that often suggests the next move will be the real deal. This technical setup indicates that Ethereum is building energy for a significant breakout or breakdown.
Related Reading
Jelle also highlights the $4,000 mark as a critical supply zone. Ethereum has tested this level three times without success, but he believes the fourth attempt could finally break through. If Ethereum can clear this key resistance, it would mark a turning point and potentially ignite a rally into price discovery, restoring confidence among investors.
Price Analysis: Key Levels To Hold
Ethereum is currently trading at $2,650 after several days of selling pressure and market uncertainty. The price has struggled to reclaim the $2,800 mark since last Wednesday, reflecting a bearish sentiment that has dominated ETH’s price action since late December. Bulls are facing increasing challenges as the momentum remains on the side of the bears, and confidence among investors continues to weaken.
To reverse the ongoing downtrend, bulls need to hold the $2,600 level as strong support. This price has acted as a key demand zone in the past and could provide the foundation for a recovery. However, simply holding this level is not enough—Ethereum must also reclaim the $2,800 mark and, more importantly, break above the $3,000 level to signal a shift in market sentiment.
Related Reading
If Ethereum can hold above $2,600 and successfully reclaim both the $2,800 and $3,000 levels, it could spark a push into higher supply zones. A move like this would provide the momentum needed for bulls to regain control and potentially drive ETH toward stronger resistance levels. However, failing to hold $2,600 could open the door to further downside, with the next critical support levels significantly lower.
Featured image from Dall-E, chart from TradingView
Проблема алкогольной зависимости затрагивает значительное количество людей. Одним из действенных способов лечения интоксикации от алкоголя является внутривенная терапия. В Москве и области множество медицинских учреждений и независимых врачей предоставляют услуги детоксикации. Тем не менее, перед обращением за медицинской помощью необходимо разобраться, как формируется цена капельницы от из запоя в Москве, и к кому можно обратиться.
Углубиться в тему – капельницу от запоя в москве
I am really inspired along with your writing abilities as neatly as with the structure in your blog.
Is that this a paid theme or did you customize it yourself?
Anyway stay up the excellent high quality writing, it’s rare to see a great weblog like this one
today. Fiverr Affiliate!
can i order cheap clomiphene without rx where buy generic clomiphene pill order clomid online where can i get generic clomid pill where buy clomiphene price clomid for sale uk where can i get clomid tablets
I couldn’t turn down commenting. Profoundly written!
The thoroughness in this break down is noteworthy.
buy azithromycin 500mg – zithromax 250mg oral order flagyl 200mg for sale
buy semaglutide cheap – where to buy semaglutide without a prescription cyproheptadine 4mg sale
order domperidone 10mg pill – tetracycline 500mg generic order cyclobenzaprine 15mg generic
amoxiclav drug – at bio info order generic ampicillin
esomeprazole online order – https://anexamate.com/ esomeprazole 20mg drug
purchase medex online cheap – https://coumamide.com/ order losartan sale
mobic pills – https://moboxsin.com/ meloxicam 15mg over the counter
best natural ed pills – pills erectile dysfunction where can i buy ed pills
order amoxicillin pill – combamoxi.com purchase amoxicillin pill
I am in point of fact thrilled to coup d’oeil at this blog posts which consists of tons of of use facts, thanks representing providing such data.
More articles like this would remedy the blogosphere richer.
buy fluconazole without a prescription – buy cheap forcan buy cheap generic diflucan
cialis w/dapoxetine – best place to buy generic cialis online cialis patent expiration
cialis generic canada – https://strongtadafl.com/# cialis online without pres
order ranitidine 150mg without prescription – https://aranitidine.com/ purchase zantac pills
viagra professional pills – buy cheap viagra in the uk viagra for cheap
The reconditeness in this piece is exceptional. online
More posts like this would add up to the online time more useful. https://buyfastonl.com/amoxicillin.html
More articles like this would make the blogosphere richer. https://ursxdol.com/clomid-for-sale-50-mg/
This is a theme which is near to my heart… Myriad thanks! Unerringly where can I lay one’s hands on the phone details due to the fact that questions? https://aranitidine.com/fr/levitra_francaise/
Greetings! Jolly gainful advice within this article! It’s the scarcely changes which wish espy the largest changes. Thanks a lot quest of sharing! https://ondactone.com/spironolactone/
Greetings! Extremely serviceable par‘nesis within this article! It’s the little changes which choice make the largest changes. Thanks a lot for sharing!
https://proisotrepl.com/product/toradol/
More posts like this would make the blogosphere more useful. http://wightsupport.com/forum/member.php?action=profile&uid=21397