Ether Lee is currently dealing with more than $ 2,000 after a few days of struggle, indicating the potential turning point of the second largest cryptocurrency with a market cap. ETH plunged more than 38% since the end of February, and when the price was lower than $ 2,000, panic occurred among investors and shortened to less than $ 1,800. Due to this rapid drop, I wondered if many Altcoin markets are entering the long -term bear stage.
However, more than $ 2,000 recovery and price stabilization have been renewed among Ether Leeum holders. Many investors believe that the worst can end, and ETH believes that in the next few months, it can begin to build a foundation for continuous recovery.
According to Santiment’s data, which supports this feeling, whales have purchased about 470,000 ETHs last week. This notable accumulation from large -scale holders suggests that in recent volatility, Ether Leeum’s long -term potential is increasing. Historically, the accumulation of whales added speculation that Ether Lee could be prepared for significant increase before the main price rally.
While uncertainty remains, the current chain signal and market behavior can be a hint that IT can prepare for optimistic brake out and if the bulls can defend the level of major support and regain higher basis.
Ether Leeum builds the amount of exercise in potential recovery.
Ether Lee is showing signs of life after selling long -term integration and sales pressure. With the recent implementation of more than $ 2,000 mark, BULLS has given BULLS a significant opportunity to regain control and ignite recovery trends. However, the market is uncertain as the market disappears between expectations of continuous decline and hope for meaningful reversal.
The bull now has to defend the level of $ 2,000. This price has been a major psychological and technical barrier over the past few months, and the strong holds on top of them can provide a wider basis for a wider rally. However, if you do not maintain this level, you can invite more falling pressure and know the continuation of the weak trend.
Added to the growth optimism is a new on -chain data shared by the top analyst Ali Martinez. According to Santiments, Ether Leeum Whale accumulated about 470,000 ETHs last week. The rapid surge in the accumulation of large -scale holders suggests that confidence is returning to the market, and Smart Money can indicate a position for potential movement.
Historically, heavy whale purchases are often preceded than the main price hikes and serve as a major indicator of wider market sentiment. If the bull continues to come in and Ether Lee is more than $ 2,000, it may be at the table that will recover more than $ 2,300.
When the bull tries to find a momentum, the ETH price is over $ 2,000
Ether Leeum has been trading for $ 2,090 after a rapid rebound from the lowest, exceeding $ 2,000 over a few weeks. The area has been an important battlefield between the bull and the bear because it has been struggling under the ETH Guy Mark since early March. As the price behavior increases now, the bulls must defend this support area to maintain the driving force.
In order to confirm meaningful recovery, Ether Leeum must exceed $ 2,200 resistance. It is an area that matches the previous integration and short -term movement average. Successfully reconstructing this level will ignite the strength of the strong strength and turn to more than $ 2,300.
But if the bull does not have $ 2,000, the sales pressure may come back quickly. The failure below this level informs the weaknesses and potentially returns the ETH to $ 1,800, which is used as a recent floor during the sale.
The amount of exercise is slowly changing, but the following several trading sessions are important. Ether Lee Riium requires a continuous purchase amount and more than $ 2,200 to confirm more than $ 2,200 to establish a true reversal. Until then, the $ 2,000 line remains a key level that can be watched as the battles continue.
DALL-E’s main image, TradingView chart
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