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Ethereum now holds above critical support levels after a few volatile weeks, but it continues to fight against the recovery of the keys resistance areas. The bulls managed to resume a momentum, helping the ETH stabilize above the level of $ 1,700. However, to decisively confirm a real bullish structure and a feeling of speed change, Ethereum must recover and hold higher ground in the coming days.
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The superior analyst DAAN shared a technical configuration highlighting a promising development: Ethereum returns a previous horizontal level in support. According to Daan, this marks a significant change in the dynamics of the ETH market, because it is something that the asset has not succeeded for months. Instead of regularly rejecting resistance and making lower stockings, the ETH now shows early signs of force by defending critical areas.
However, the battle is not over. The uncertainty and tensions of global macro between the United States and China continue to put pressure on all risk assets, including crypto. For Ethereum, daily resistance above the key could open the door to a more decisive movement higher, while not doing so could make it vulnerable to another consolidation or decrease cycle.
Ethereum faces a critical test after a strong recovery
Ethereum organized an impressive cover, earning more than 32% compared to its local hollow of $ 1,383. Now, a merchant firmly trading more than $ 1,700, the ETH faces a crucial test: maintaining current levels to transfer its longer -term downward price structure to a more optimistic trend. After months of incessant sales pressure, this stabilization could mark the start of a greater reversal if the momentum is maintained.
However, wider macroeconomic risks are still looming. The current conflict between the United States and China continues to put pressure on the financial markets, with increasing concerns that a prolonged negotiation process could disrupt global supply chains. If no resolution is reached in the coming weeks, risky assets like Ethereum may find it difficult to maintain their recent gains. However, a revolutionary agreement could quickly return the appetite of investors to risky assets, fueling a stronger rally.
Daan’s technical analysis highlights a major change in the behavior of ETH. For the first time in months, Ethereum has returned a previous horizontal resistance area in support – a sign of building the market dynamics. DAAN suggests closely monitoring the range from $ 1,750 to $ 2,100, because a business intake above this area would signal a significant improvement in the structure of the ETH.
A daily fence greater than $ 1,750 and a progressive consolidation in this key range would position Ethereum for potential escape to higher levels in the coming months.
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Eth Price holds above the key support, but challenges remain
Ethereum is currently negotiated at $ 1,790, now its position above the 4-hour critical EMA. This technical level has acted as a solid support in recent days, offering bulls a basis to take momentum. Holding above $ 1,700 is crucial to maintaining the bullish structure that has started to train after weeks of volatility and sales pressure.
To confirm a strong recovery and move on to a sustained rise trend, ETH must recover the psychological level of $ 2,000. A decisive rupture and maintenance above $ 2,000 would probably arouse a renewal of purchasing interests and could open the door for a movement to higher resistance areas. However, without a strong catalyst, the bulls may have trouble maintaining the short -term ascending pressure.
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Looking down, losing support of $ 1,700 would point out increasing weakness and would probably invite more to sell. A break below this area could return Ethereum to the region of $ 1,500, reviving the concerns of prolonged consolidation or deeper correction. For the moment, the market remains cautiously optimistic, but all eyes are on the question whether the bulls can take enough momentum to soon recover higher terrain.
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