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Ethereum has had difficulties below the $ 2,800 mark for days, with a feeling around the second largest cryptocurrency in the world becoming more and more negative. The persistent sale pressure has left investors and analysts worried about Ethereum’s ability to implement a recovery, many beginning to lose hope for a rally.
The lowering feeling was only intensifying because the ETH continues to underperform compared to bitcoin and other major assets, causing the frustration of market players who expected a stronger beginning of The year.
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Despite these negative perspectives, there are reasons for optimism. The upper analyst Jelle shared a technical analysis revealing that Ethereum is still negotiated in a multi -year ascending triangle, a bull -out graphic model which could point out a significant movement above. This model suggests that Ethereum can simply consolidate before a potential escape in higher prices. Historical models have shown that ascending triangles often lead to explosive price movements when key resistance levels are raped.
While the ETH is almost negotiating critical support levels, the next few days will be crucial to determine its short -term direction. Investors look closely to see if this bullish scheme is held and if Ethereum can resume momentum, potentially arousing a recovery that could restore confidence in the market.
Ethereum is preparing for a decisive movement
Ethereum seems to be preparing for a decisive decision as it fights to recover the momentum in a difficult market environment. Investors are becoming more and more frustrated by the action of the Terne prices of Ethereum, and optimism for a rally fades.
Compared to Bitcoin and other altcoins like Solana, Ethereum was underperforming, leaving the bulls with little control over pricing. The constant sales pressure attenuated the hopes of a recovery, which has led a lot to wonder if Ethereum can regain its place.
However, all hope is not lost. The high -level analyst Jelle recently shared a technical analysis on X, stressing that Ethereum is still negotiated in a multi -year ascending triangle – a bull model that historically precedes explosive movements.
According to Jelle, the price of Ethereum has simulated on both sides of this structure, a behavior which often suggests that the next decision will be the real deal. This technical configuration indicates that Ethereum builds energy for an escape or a significant rupture.
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Jelle also highlights the $ 4,000 mark as a critical supply area. Ethereum has tested this level three times without success, but he thinks that the fourth attempt could finally break through. If Ethereum can erase this key resistance, it would mark a turning point and potentially ignite a gathering in the discovery of prices, restoring confidence between investors.
Price analysis: Key levels to be maintained
Ethereum is currently negotiated at $ 2,650 after several days of sales and market uncertainty. The price has struggled to recover the $ 2,800 mark since last Wednesday, reflecting a lower feeling that dominated the action of ETH prices since the end of December. Bulls are faced with growing challenges because the momentum remains on the bear side, and confidence among investors continues to weaken.
To reverse the downward trend in progress, bulls must maintain the level of $ 2,600 as solid support. This price has acted as a key demand zone in the past and could provide the basics of a recovery. However, the simple fact of maintaining this level is not enough – Ethereum must also recover the $ 2,800 mark and, more importantly, exceed the level of $ 3,000 to indicate a change of feeling of the market.
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If Ethereum can maintain above $ 2,600 and successfully recover the levels of $ 2,800 and $ 3,000, this could arouse a thrust in higher supply areas. A movement like this would provide the necessary momentum for the bulls to regain control and potentially lead the ETH to stronger levels of resistance. However, the failure to hold $ 2,600 could open the door down, the next critical support levels being considerably lower.
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