Ethereum is subject to its first noticeable decline after an explosive gathering, taking the price from $ 2,500 to $ 3800 in less than three weeks. Despite this slowdown, bulls are still in control, with ETH that exceeds $ 3600 – a major support zone now works as a base for potential unification. The market seems to be the digestion of modern gains, with signs that the ETHEREUM power may end up.
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The data on the Sentora series adds to the ups. Last week, Ethereum witnessed the highest weekly volume of large transactions since 2021. This increase in the great activity indicates a high interest from institutional players and big investors, even amid short -term fluctuations.
With legal clarity in the United States, it improves ethereum Promoting the basics, the current stoppage may be the stage of the theater for another higher leg. Whether this monotheism lasts days or weeks, the high activity on the chain indicates that the ethereum ecological system is heating again, while placing the main players in the next step.
Institutions revolve from BTC to ethereum
Storara Data It emphasizes a major transformation: The big ethereum has returned. Last week, the total transmission on the series amounted to more than $ 100,000 more than $ 100 billion-which is the highest weekly volume since 2021. This rise in transfers of high-value renewable institutional interest reflects, which enhances the role of ETHEREUM as the pioneer of the two curtains amid advanced market dynamics.
The timing of this increase is crucial. The price of ETHEREUM has increased strongly from $ 2,500 to $ 3800 in weeks, and the institutional capital appears to be from Bitcoin to ETH. While Bitcoin remains within a slightly lower tight unification range than its highest level ever, the strength of the upscale aspects of ETHEREUM and the strength of the chain indicates that it may lead this charge now. This rotation sparked discussions on the beginning of the “ETHEREUM season”, a pattern seen in previous market courses when ETH excels on BTC and the capital begins to flow to the broader Altcoin market.
Some analysts believe that this could represent the long -awaited Altseass stages. Historically, ETHEREUM leads such stages, acting as a gateway for investors to explore high -end assets through the ecosystem encryption. If ETH maintains the current power and breaks over the level of $ 4000, this may lead to a wider market expansion.
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ETH price exceeds the main support after the equivalent gathering
Ethereum has been subject to the first time in a meaningful decline since the start of a strong increase in the $ 2500 region in early July. After reaching the highest local level of $ 3801, ETH is now trading about 3662 dollars, as it decreased by approximately 2.7 % per day. Despite the simple correction, the total structure is still optimistic. The current price is located above $ 3600, which is now working as a short -term main support.
The volume decreased slightly during this withdrawal, indicating that the pressure pressure is still relatively controlled. ETH is still trading much higher than its average for 50 days, 100 days and 200 days, which enhances the strength of the upward trend. The following main resistance is about $ 3800 – $ 3,850, which corresponds to the previous peaks seen in early 2024.
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A successful monotheism can save above $ 3,600 the foundation for a new leg top towards a sign of $ 4000. However, the failure to retain this support level may lead to a re -test from 3,450 to $ 3500, followed by the most powerful support of about 3000 dollars and the outbreak of 2850 dollars.
Distinctive image from Dall-E, the tradingView graph
