Ethereum needs a stronger blockchain activity, new cases of use and collaboration with public and private interests to regain the confidence of investors and recover its former analysts at all times, said Cointelegraph.
Ether 
Ethusd has been in a downward trend for almost six weeks, falling below the psychological bar of $ 4,000 on December 16, 2024. The second largest cryptocurrency in the world has decreased by more than 20% since, negotiating itself in $ 3,260 when writing.
To reverse his decline and move to his previous heights, Ether will need a more fundamental blockchain activity first, according to Aurelie Barthere, main research analyst at Nansen.
“Others-1st layers catch Ethereum concerning applications, use cases, costs and the amount marked out,” Barthere told Cointelegraph.
Barthere thinks that Ethereum could benefit from increased collaboration with private and public sector entities, especially in the United States, taking into account the recent regulatory momentum in favor of blockchain and crypto.
In addition, the Ministry of Government (DOGE) directed by Elon Musk could stimulate the adoption of Ethereum. The non -governmental agency would have explored monitoring solutions for expenses and financial management based on blockchain, noted Barthere:
“The rumor said that the government organization of Musk Doge has produced blockchain representatives for monitoring and managing potential expenses on the channel.”
The role of Ethereum in Potential Trump Family Ventures could also generate an additional adoption, according to Joseph Lubin, co-founder of Ethereum and founder of Ansensys, who suggested that the Trump family could consider creating a cryptocurrency company based in Ethereum.
Flash ether options bullish momentum, but Eth faces resistance at $ 3,400
Elsewhere, the volume of trading in ether options has reached its highest level in more than a month, suggesting that the cryptography market is recovering from recent sale, according to a research report on January 31 of Bybit and Scholes block.
Despite the recovery signal, the volume of negotiation of growing options will not benefit directly at the price of Ether, told Cointelegraph de Block Scholes.
However, analysts have stressed that the growing number of bull’s ether options suggests that traders are betting on a potential price rebound:
“The greatest notional value of the open purchase option The open interest that we have seen throughout January is now supported again through bias up against calls out of money (OTM) on volatility Smiles through expirations. “
The SKEW option refers to the difference in implicit volatility between the out of sale options and the appeal options out of money on the Ether Options markets.
Ether must recover $ 3,400 before trying a movement towards its top of all time, according to the merchant of Crypto Case Abbé, who wrote in a post of February 1 x:
“ETH constitutes an upward divergence on the daily time. (…) To continue the upward trend, ETH needs a 1D fence greater than $ 3,400, and the gathering around $ 4,000 will occur very soon.”
However, ether faces significant resistance at $ 3,400. A potential movement above triggers more than $ 1.09 billion in cumulative short liquidations, according to Corglass data.
Some industry observers also expect to see an ether return in February thanks to the continuous institutional purchase of Trump’s World Liberty Financial Protocol.
