Ether Lee is in the volatile stage after a powerful multi -state rally. Following the rapid surge in late April, ETH has recently retired a little before it recorded nearly $ 3,850, and has now been integrated into less than $ 3,750. Some investors may be losing steam, but other investors see this temporary suspension as a healthy stage before the other legs.
TOP CRYPTO analyst TED Pillows shared data that shows that Ethereum’s hot chain volume is increasing by 288% in just three weeks. The surge in this book suggests that Ether Leeum’s network is promoting fuel due to institutional capital flow and the driving force of the entire market.
As the legal clarity of the United States has improved, Ether Lee seems to be in a strong position under the US and macroeconomic conditions that prefer risky assets. Analysts argue that the recent integration can provide ideal entry points before the recent integration regains strength and capital rotates to ETH.
Ald season reception? The warm chain volume signal Ether Lee is leading the claim.
According to TED Pillows, Ethereum’s on-chain USD volume has been the highest since late 2021, soaring to $ 10.8 billion, which emphasizes important changes in market emotions and knows the beginning of the new chapter of Ethereum and a wider Altcoin Market.
The increase in quantity reflects the increase in investor participation and the trust in Ether Leeum ecosystem. After several months of stagnation and performance lower than Bitcoin, Ether Leeum began to regain control. Since the end of May, ETH surpassed BTC, and this momentum has now been poured into multiple altcoins. Many analysts think that this can be the beginning of Altseason, which has been waiting for a long time.
What makes this moment particularly important is the convergence of technical strengths and macroscopic development. The legal clarity of the United States is improving, institutional capital is flowing, and the market shows clear signs of accumulation rather than distribution. Pillows’ data supports the idea that Smart Money is positioning a new cycle, especially in the Ethereum and Defi sectors. It is noted that simple modifications can still occur, but optimistic feelings are being built.
ETH Eyes Breakout focuses on $ 3,860 resistance
Ether Leeum (ETH) continues the upward trajectory and is currently trading for $ 3,770 after consistent with a consistent integrated pattern just below $ 3,860 resistance level. This four -hour chart shows a clear optimistic structure, and from mid -July, ETH forms a higher lowest level and tests the same upper limit several times. In general, the triangle formation that continues to signal continuously is as soon as possible.
The 50 SMA (simple moving average) of this period has been dynamic support, which has now helped to absorb the latest fullback by aligning about $ 3,690. The volume has been slightly reduced during the last few sessions, which occurs in the integration stage before the failure progresses. Meanwhile, 100 and 200 SMAs are much lower than the current price, which supports the entire rise.
If ETH has successfully blocked more than $ 3,860 resistance, the next major psychological level is $ 4,000. However, if you do not break up, a short -term withdrawal of $ 3,690 to $ 3,650 has been generated. If the momentum continues, the ETH will be set to increase the next leg and check the transition to a wider ALTCOIN rally.
DALL-E’s main image, TradingView chart
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