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Ethereum experienced one of the wildest days in its history last Monday, plunging more than 30% in less than 24 hours in the midst of a generalized panic of the market fueled by American trade war. However, in a few hours, ETH organized an impressive recovery after the announcement by President Trump negotiations with Canada and Mexico to alleviate tariff concerns. This net rebound has rekindled optimism among investors, many now closely looking at the next Ethereum movement.
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Despite the recent volatility, the best Jelle analyst shared a technical analysis revealing that Ethereum is still negotiating within a massive optimistic pennant which has been formed since 2021. This long -term structure suggests that the ETH remains in a phase of consolidation, creating momentum for a break. According to Jelle, once and Ethereum decisively comes out of this model, a massive rally in the discovery of prices is expected.
While the market stabilizes and investors are reassessing their positions, ETH remains one of the most monitored assets. Although short -term price action is unpredictable, the long -term bullish structure provides strong support for Ethereum growth potential. Traders and analysts are now looking for key technical signals that could confirm an escape and propel ETH in new heights of all time.
Ethereum fights below key supply levels
Ethereum is currently faced with serious sales pressure, fighting to recover the $ 3,000 bar. The bulls are in difficulty because the ETH remains trapped below this level, leading to increased uncertainty and volatility on the market.
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Each day that Ethereum is negotiated below $ 3,000 increases the probability of a deeper correction, because the traders remain cautious and the feeling is weakening. The inability to gain momentum above this psychological level has left investors concerned by the short-term management of ETH.
However, despite the current difficulties, the best analysts Jelle shared a technical analysis on X, revealing that Ethereum is still negotiated in a massive optimistic fan. According to Jelle, ETH has deviated from the tops and stockings of the model, and now the market defines its management to mark the levels of key supply. This means that if short -term price action remains uncertain, Ethereum’s long -term structure suggests that a break could be on the horizon.
Jelle estimates that once Ethereum manages to push over the increased structure, a break above the $ 4,000 mark will follow. This escape would confirm a gathering in the discovery of prices, preparing the way to Ethereum to reach new heights of all time. While the bears remain in control for the moment, the long -term bullish training suggests that the ETH could prepare for a major movement in the coming months.
Price action details: technical levels
Ethereum is currently negotiating at $ 2,820, still unable to test the critical level of $ 3,000. Prices’ action remains low, because ETH is struggling to exceed the $ 2,900 mark, which has now become a short -term supply area. The inability to push higher signals than bulls lose momentum and the market remains in a state of uncertainty.
If Ethereum loses the level of support of $ 2,800, a deeper correction could take place, potentially resulting in the price to the region of $ 2,500. It would be a significant setback for bulls, as this would confirm an additional drop pressure and could extend the current consolidation phase.
On the other hand, if ETH manages to recover the level of $ 3,000 to $ 3,100 in the coming days, this would point out a renewed bullish momentum. A successful escape above this beach could trigger a massive thrust, pushing Ethereum to higher supply levels and preparing the ground for a potential race around $ 3,500 and beyond.
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For the moment, Ethereum remains at a crucial time, with the action of the prices signaling both the risk and the opportunity. Traders and investors are looking closely with resistance and support levels, while ETH is preparing for its next major movement.
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