Ethereum witnessed a huge increase in prices, jumping from the level of $ 2200 to $ 2,500 in a few hours. This comes after a period of severe sale pressure that witnessed a decrease in ETH to $ 2080 on Friday, prompting analysts to expect more declines. However, the market was reflected quickly after a large announcement by President Trump regarding a strategic encoding reserve, which includes ethereum.
This unexpected news sparked a strong reaction through the encryption market, as ETH has ranked main levels and optimism among investors. This step has turned with feelings, as traders are now speculating whether Ethereum can continue to collect it towards a sign of $ 3000.
Supreme analyst Daan participated in a technical analysis on X, explaining that ETH swept all liquidity below $ 2100 before the bounce sharply from that point. According to Daan, this step was important, as Ethereum absorbed the liquidity aspect of the sale and is now continuing its upscale momentum after Trump's announcement.
With ETH reclamation, investors closely monitor the main resistance levels to see if the gathering can continue. If Ethereum exceeds $ 2,500, then there is likely to be another higher step. However, the market is still volatile, and the bulls must keep the momentum to confirm the complete recovery.
Ethereum is preparing to move
Ethereum faces unnecessary sale and its negative feeling, which increases the speculative activity that tends to drop in the short term. Since late December, the ETH price has decreased by approximately 49 %, leaving investors in a state of despair while waiting for recovery. The market has struggled to find a strong base for reflection, with analysts warning that if Ethereum fails to restore the main levels soon, it may follow the negative side.
However, yesterday's recovery sparked regeneration among merchants who expect a rapid and aggressive recovery. I surprised the sudden increase of ETHEREUM from the level of 2200 dollars to $ 2,500, especially after the shrinkage at the market level, which witnessed a decrease in ETH to $ 2080 on Friday. This price movement coincided with President Trump's announcement of a strategic reserve for the American encryption, which included Ethereum.
Technical analysis of X It highlights that ETH has swept all liquidity less than $ 2100 before the bounce sharply. According to him, this step confirmed that Ethereum absorbed liquidity from the sale side and was ready to continue. He also indicated that ETH is currently in a neutral area, saying: “We are in the middle of any place where we are talking, but the level of $ 2.8 thousand remains important if we reconsider it later.”
The next steps for Ethereum will determine whether this recovery acquires momentum or fades in another unification phase. If you pushed ETH towards the brand of $ 2,800 and install it, the upscale momentum may accelerate. However, if the price is struggling to maintain its gains, another round of sale pressure may appear. Investors remain optimistic with caution, closely monitor Ethereum's ability to penetrate the resistance and confirm the new upward trend.
The price is struggling with less than $ 2,500
ETHEREUM is currently trading $ 2,350 after extensive sale pressure has been subjected to the past few days. Despite the last bounce, the price still reduces the decisive resistance level of $ 2500. The bulls were unable to confirm the recovery gathering, as ETH remains trapped in a set of uncertainty.
If Ethereum is able to restore the brand of $ 2,500 and keep it in the coming days, this may follow a strong gathering. Breaking this resistance would open the door to pay towards the level of $ 2800, which analysts see as a major goal of the price. However, failure to break more than $ 2,500 may leave ETH vulnerable to an additional side, especially if the emotional feelings continue to control the market.
On the negative side, the loss of the support level of $ 2200 can lead to another wave of sale pressure. If the ETH falls down to this mark, this may lead to a deeper correction, with the next main demand area around the level of $ 2000. Investors remain cautious, monitoring signs of either interruption or other leg down. In the short term, ETHEREUM action is largely dependent on whether Bulls can generate enough momentum to pay ETH to more than $ 2,500 and confirm the continuous recovery trend.
Distinctive image from Dall-E, the tradingView graph
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