Ether Lee has a strong recovery this week and has rebounded rapidly at the lowest level of $ 1,380 and surged more than 21% in a few hours. The rally remains in 125%of the tariffs due to the temporary change of the macro sentiment following the 90 -day suspension of the mutual tariffs of all countries except China. The news triggered the relief rally of the financial market, and Ether Lee Lium led the bounce in the encryption sector.
Despite the powerful movement, ETH is lower than the main technology level, and the price measures show signs of integration as the bull tries to build momentum. The wider Altcoin market continues to struggle due to the weaknesses of the entire sector of investors’ trust.
According to GlassNode’s data, all major Altcoin divisions have experienced a sharp decline in recent months. The correction was wide and correlated, and it is rarely provided in terms of its unique performance. Bitcoin and Ether Leeum (especially Bitcoin and Ether Lee, who are considered the most elastic assets in encryption, made negative profits for the same period.
As Ether Lee is in the integration stage, traders are closely watching whether this bounce displays another short -term reaction in the beginning of continuous recovery or a wider decline.
Ether Lee is faced with important tests in macroeconomic headwinds.
Ether Leeum is once again at the pivotal point of the market following intense sales pressure and uncertainty for several weeks. If you jump to the freshest level, ETH BULLS is finally trying to reclaim the key level after a strong bounce for $ 1,380. As the global economic downturn between the United States and China and the fear of extended trade disputes continues to relieve investors’ feelings, volatility in the global market is increasing.
Despite the bounce, Ether Leeum remains in a broken area. The market is clearly divided. Some investors have seen this rebound as the beginning of recovery, while other investors can be temporary suspension in deeper corrections. The macroeconomic environment remains hostile, and the US tariffs still have a great danger to both traditional and digital assets.
GlassNode Data adds a context to Ether Lee’s struggle, showing that all Altcoin divisions have moved rapidly in recent months. There were few differentiation between projects, and the drawdown was wide and correlated. Bitcoin and Ether Leeum (usually Bitcoin and even Ether Lee, who are considered the most powerful assets in encryption, have made negative profits.
Ether Lee has lost more than 60% of its value since the end of December. The rapid drop has increased speculation on the formation of potential bear markets over the larger Altcoin space. The recent bounce still remains to evolve into a sustainable rally or shaking due to macroeconomic pressure. Currently, Ether Lee is facing a decisive moment at the current period.
Bulls is trying to reclaim the main level, but defends $ 1,500.
Ether Lee is trading for $ 1,560 after collecting $ 1,800 for the critical critical of $ 1,600. Despite the recent bounce, ETH remains in a weak position as market volatility rises and macroeconomic uncertainties continue to press on dangerous assets.
The bull began to build momentum, but the recovery was not confirmed. It is essential to have more than $ 1,500 to prevent the continuation of the decline. This level has served as a psychological support area in the previous market cycle, and the lost can lead to another wave of panic sales, as the emotions of other panic sales, especially the wider Altcoin market, are conquered.
If Bulls can defend $ 1,500 and integrate it on top of it, there is a chance to recover higher levels in the short term, so you can potentially challenge $ 1,600 again. However, decisive rest of less than $ 1,500 can lead to more disadvantages, and price targets can potentially extend to $ 1,300-$ 1,200.
As volatility continues to lead irregular price behaviors, ETH holders are still cautious. More than $ 1,600 confirmed promotion will help to restore some confidence, but now Ether Leeum remains in an important battle to maintain the basis.
DALL-E’s main image, TradingView chart
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