ETHEREUM is traded without a $ 2300 mark after failing to get the main demand levels last week. The price has faced intense pressure for sale, providing fears among investors that ETH may not witness a strong bull market. The market feeling is still not certain because Ethereum is struggling to restore the lost land, with analysts dividing whether the correction will continue or if the recovery is on the horizon.
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The artistic perspective indicates that ETH may still have a chance to apostasy. The encryption analyst Ali Martinez participated analysis On X, noting that if Ethereum holds higher than the level of $ 2200, it may be prepared for the apostasy about $ 2,500. Martinez highlights that Ethereum is trading near the level of decisive support, which historically led to strong escalating moves.
The bulls should defend a $ 2,200 sign to prevent further declines, with a restoration of $ 2,500 that would indicate the strength and opposite of the potential trend. However, continuous weakness can lead to another WavePay eth to less. Investors remain cautious because they are waiting to confirm the next step for Ethereum in this volatile market.
Ethereum faces a decisive test
Ethereum was struggling under extreme pressure and negative feeling, which led to the severe speculation activity preferred the positions of the Haboodian futures. The uncertainty surrounding the ETH price has raised doubts about its ability to recover in the short term.
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Since late December, Ethereum has lost 49 % of its value, and investor morale is still in despair with price failure to restore the main resistance levels. Many merchants have begun to put themselves for more negative aspect, which enhances the escape expectations in the market.
However, some analysts still believe that Ethereum can soon be healing. Ethereum approaches a critical turning point where the decisive step can determine the next direction of the original.
This perspective is in line with a few optimistic analysts who argue that the Ethereum gathering, when it begins, will be aggressive. Historically, ETH showed sharp rebounds after long periods of negative pressure, and if the conditions of the wider market improved, the same thing may happen again. Currently, investors remain cautious, and they closely monitor ETHEREUM’s ability to defend the level of $ 2200 support and search for signs of renewable power.
The price is struggling with less than $ 2,500
Ethereum is trading at $ 2222 after struggling for days to restore high prices. The price was under intense sale pressure, and the investor feeling remains down because ETH failed to create a strong support area. ETH Bulls lost control last Monday when the price began to decrease quickly, which led to a severe correction by 26 % in less than five days. This sale has wiped the main support levels, leaving Ethereum in a weak position.
In order to restore ethereum momentum, the bulls must push the price up to the level of $ 2500. The restoration of this sign would indicate strength and potentially lead to a recovery gathering. However, without a strong payment of buyers, the ETH can remain stuck in a slow standardization stage less than $ 2,500. This is likely to lead to prolonged frequency in the market, which makes it difficult for traders to create clear positions.
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If ETH fails to restore $ 2,500 soon, the market may witness continuous weakness, as sellers have taken control of price procedures. On the other hand, if Ethereum is able to stick to a brand of $ 2200 and build support, the possibility of a strong recovery on the table. The next few days will be very important, as investors are monitoring signs of the opposite direction or the movement of the additional negative side.
Distinctive image from Dall-E, the tradingView graph
