As the larger encryption market enters the correction stage, Ether Lee is under pressure. ETH, which reached a new record of $ 4,950 on August 24, slipped below 22% of its current value and slipped below $ 4,000 psychological. Many investors were in a difficult position due to the steep fullback, and the largest players in the market are also affecting.
According to Maartunn, the chief analyst, even one of Ethereum’s largest institutional owners, Bitmine, has a lower ETH position than the chain cost. Whales generally serve as a stabilizer during modifications, and lossless losses reflect the depth of the current market stress.
Despite this stagnation, some analysts argue that the back of Etherrium can show a healthy reset after overheating for several weeks. Crystals of this scale are not rare after parabolic rally and shakes excessive leverage before setting long -term stability. Nevertheless, the emotions are easy to break and the sales pressure is installed, and the future day is a pivotal to the ETH because it tests the level of major support and the investor closely monitors the whale behavior for the signs of new trust.
BitMine’s ET Play is lower than the cost standard
According to Maartunn, the chief analyst, Ether Lee’s correction has put a lot of pressure on one of the largest institutional owners in the market. BitMine’s ETH portfolio, worth about $ 7.5 billion, fell below $ 4,000. This development emphasizes the recent severity of the recession and emphasizes that even large players have not been immunized by the pain of correction.
MAARTUNN emphasizes that this stage of the market is not about perfect access or timing of exit, but about endurance. He said, “It’s about who can hold the longest breath.” This reflects a wide range of emotions among analysts looking at the current environment as a psychological test for both retail and institutional investors. If you have high volatility and deteriorate emotions, you can ultimately determine who can benefit from the next step of the Etherrium cycle.
The view is still divided. Optimalists argue that this is a fullback required before Ether Leeum is raised as it is institutional adoption and strong long -term foundation. On the other hand, he pointed out that more and more disadvantages can cause more disadvantages if they fall below important support, warning deeper modifications.
It will be decisive in the next few weeks. If ETH can stabilize more than $ 3,800- $ 4,000, trust can come back quickly. However, if the sales pressure is strengthened, the market can face long -term uncertainty before reconstruction of exercise.
Bulls struggles to find support
Ether Leeum (ETH) has fallen below $ 4,000, as shown in the 12 -hour chart. This decrease is a continuation of the weakness that started near $ 4,950 after the September peak. This breakdown increases the volume of transactions, suggesting that strong sales pressure is confirmed and that bears are currently dominating the market.
The 50 -day EMA has moved below the $ 4,400 area, strengthening short -term weaknesses, and the 200 -day EMA is currently at $ 3,650. Price measures showed a decisive rejection in the range of $ 4,600 to $ 4,800 earlier this month, and the sale of more than 20% of ETH value continued.
If ETH has more than $ 3,850 to $ 3,900, you can try to rebound and resume $ 4,200 resistance. However, if you do not defend this range, the disadvantages of $ 3,650 to $ 3,700 converges by 200 days EMA and previous accumulation levels.
Ether Leeum is in the municipalities, but mass spikes suggest the potential exhaustion of the seller. The upcoming session determines whether the bull can recover $ 4,000 to stabilize the momentum or whether an additional surrender is going on.
DALL-E’s main image, TradingView chart
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