After a few weeks of heavy sales pressure and ongoing negative emotions, Ethereum finally shows signs of life. The bull has been trying to retreat and regain the important price level and turn the weakness of the recent months. Despite the new momentum, ETH is still traded below $ 2,000. It is a level that must be violated to confirm the meaningful changes in the market structure and to set the stage of continuous recovery.
As Trader evaluates Ether Leeum’s outlook, the ETH/BTC ratio, which has been paid attention and has reached the lowest volatility level for more than two years, is also paying attention. According to DAAN, the top analyst, this metrics have been in an extended decline but have been stagnant for over a month. Historically, this low explosive period is often prioritized over sharp direction movements because the market increases pressure and prepares for failure or failure.
The price of Etherrium is maintained in a technically fragile state, but the reduction of volatility, the combination of long -term support for ETH/BTC pairs, and the renewed optimistic propulsion of the USD chart are cautiously optimistic. Depending on the ETH test resistance, the upcoming day will be important. The more than $ 2,000 confirmed brake out can be a signal that the next leg of Ether Lee will be higher.
As risk and uncertainty dominate, Ether Lee is a struggle of less than $ 1,900.
Ether Lee is faced with new pressure after not exceeding the $ 1,874 high set on May 1, and was in charge of an urgent task for the bull to reclaim momentum before volatility continued. This asset is currently trading near important support, and it is not possible to establish a clear direction when the global market is broken. As Ether Leeium decreases by more than 55% in December, the weak price structure remains the same, and the weakness can no longer cause a deeper decline.
In particular, as the US and China continue to participate in high -level trade negotiations, market volatility is promoting due to macroeconomic uncertainty. Investors are cautious and that they cannot show Etherrium’s power in a wider recovery recovery, raising concerns about short -term prospects.
In addition to complexity, DAAN emphasizes that the ETH/BTC ratio is now at the lowest volatility level for two years. The ratio has been in the long -term decline, but it has stopped for the last month, suggesting that the failure (or breakdown) may be close.
Historically, this compression period is often a priority over rapid movement. But DAAN points out that the low time frame trend has not yet overturned, and until that time, the rally should be dealt with. Ether Leeum is currently trapped in Limbo.
Price behavior details: ETH test
Ether Lee is trading at $ 1,831 since it popped out of recent support near $ 1,780. In the four -hour chart, ETH is trying to set a low low level and to regain strength momentum, but from May 1, it is faced with stiff resistance than $ 1,874 tall. PRICE has $ 200 of $ 1,787 and has more than $ 200 and $ 200 SMA into $ 1,699.
The behavior next to this emphasizes uncertainty as it is difficult to escape the ETH range as volatility compression and volume are muted. Clean brake outs over $ 1,874 are aimed at $ 2,000 in psychological legs. However, if it does not exceed $ 1,780 ~ $ 1,750, you can invalidate the structure and open the door for a greater decline.
Technical indicators suggest that momentum is being built but not yet confirmed. There is still a wider weakness until Ether Lee Rium recovers $ 1,900- $ 2,000. Currently, ETH is in an important area where both bull and bears have cases, and the next few sessions are pivotal to determining whether Ether Reeum continues to restore or whether to resume.
DALL-E’s main image, TradingView chart
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