Ether LeeumThe second largest digital asset was behind other major password assets, raising questions about it. Short -term view. The coin achieved a new all -time high in the ongoing cycle, but ETH fell after reviewing $ 4,000. The current behavior is considered the worst after the asset entered the market.
The worst Etherrium chart will appear for several years.
The weakness of the market has been greatly reflected in the Etherum price measures over the last few weeks. Spreading password analyst and trader Exposed The ETH is a pivotal moment when it is destroyed by serious negative performance.
While exploring ETH’s behavior in the ongoing bull market cycle, MAGS stressed that Altcoin has “one of the worst charts of all time.” His prognosis suggests that this current bull -chain may not be the most productive for assets from the beginning, and merchants have shown that they are uncertain about the possibility of a new new time in this cycle.
If you look at the chart, Etther Lee seems to have been made many times. Attempt It has been shortened by strong resistance over the past year. MAGS pointed out that the price tripled during this cycle, but did not exceed the $ 4,000.
Each failed attempt went deeper, as you can see on the chart. In the last rejection, the price has risen much lower than the mid -range, in addition to trading under the upward slope trend line at the bottom of the cycle.
As a result, market experts have confirmed the two potential paths. Price trajectory In the short term. One route can suggest a much larger weakness and another hint in a significant upward trend, regaining the level of critical resistance and causing new momentum.
In the first scenario, MAGS pointed out that ETH continues to be in the shortcoming without much support. Therefore, he has Altcoin Deeper decline Up to $ 1,060. In the second scenario, Mags argues that ETH can move to $ 4,000 to try another strength after returning $ 2,500.
But from a more technical point of view, experts Weakness It is more likely that it will occur by predicting the expansion of the ongoing descent. On the other hand, to reinforce ETH again, at least you need to visit the upward slope trend line at least on the chart.
Evacuation opportunities for ETH appear
While ETH’s eyes decrease, the main development suggests that the momentum of the upside is increasing. Technical expert Jonathan Carter is spotted For two hours, the descent channel formation of the Ether Leeum chart.
Historically, the lower channel pattern has served as a pioneer of the upside. If you draw closer to price transactions and top resistance lines within the pattern, ETH It is highly likely to rise.
If the failure of the resistance line occurs, the CARTER predicts the promotion of various targets such as $ 1,962, $ 2,143, $ 2,320 and $ 2,530. This trend reversal is expected to be strengthened in an increase in an increase during the attempt.
The main image of Unsplash, the chart of TradingView.com
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