Ether Lee has been exploring important stages in the market after more than 14% of its value since September 13. Despite the recent stagnation, the feelings between analysts and investors are carefully optimistic, and many people expect ETH rebound when optimistic momentum is reinstated.
One of the most important signals that support this view is from Cryptoquant, and the average realization price of Ether Leeum accumulation address is about $ 2.9K. This level has become a core reference point for traders because long -term holders and accumulation wallets are deployed at much higher cost than the past cycles. In fact, this acts as a powerful support area to reduce the risk of falling and strengthen the trust in Ether Lee’s ground capacity.
The correction stage is also suitable for a wide range of stories of market integration, where the temporary fullback often resets the overheated indicators before the next rally. Volatility can last in the short term, but the foundation of ETH is combined with a flexible onchain signal, continuing to fuel for the next few weeks of recovery and expectation of strong strength.
Ether Leeum accumulation level signals signal critical support
According to Burak Kesmeci, the top analyst, the price of Ethereum’s accumulation address has become one of the most important signals in the current market environment. With the ETF ETF rally, this metrics have risen significantly from $ 1.7K to $ 2.9K in a relatively short period of time. This rapid increase emphasizes the aggressive position of long -term holders who have accumulated ETH in higher evaluation, effectively increasing the overall cost foundation of this important cohort.
At the same time, the total balance of this address has risen to 27.6 million ETH, which is a huge amount that emphasizes the guilty of the accumulation wallet. This suggests that much of the supply is owned by investors with strong hands, reducing the possibility of panic sales and providing the market with stabilization effects.
Kesmeci pointed out that in the worst scenario, the price of $ 2.90,000 can be a powerful support area, providing defense on more disadvantages. But the coming days will play an important test for ETH BULLS. To avoid deeper corrections that can damage the optimistic momentum accumulated in recent months, it is essential to increase the current level.
Important support test
Ether Lee (ETH) has been weak since its recent decline, and the chart reflects the rapid selling of the highest score from $ 4,600 to $ 4,100. ETH is currently trading about $ 4,173, sitting just above 200 EMA for $ 4,106, and is currently working as an important support. This level of continuous defense is important to prevent deeper correction.
The $ 4,402 50 EMA returned downward to emphasize the short -term weak momentum and strengthened the idea that the seller was controlling. If ETH cannot be found in 50 EMA, pressure can continue. In other words, the fact that 200 EMAs are still rising suggests that even if the market enters the correction stage, the long -term trend remains the same.
From a technical point of view, the lower is low due to the rejection of $ 4,600, and attention was paid to the bull. However, if ETH stabilizes more than $ 4,100 and forms a base, it can be rebounded to $ 4,400. On the contrary, breaks below 200 EMA can be exposed to $ 3,800- $ 3,900 as the following main support.
DALL-E’s main image, TradingView chart
Editorial process focuses on providing thorough research, accurate and prejudice content. We support the strict sourcing standard and each page is diligent in the top technology experts and the seasoned editor’s team. This process ensures the integrity, relevance and value of the reader’s content.
