Etheerium is witnessing a remarkable activity in the digital currency market, as it rushes towards main resistance levels after impressive rise by 14% during the past few days, and this bullish momentum placed “bulls” (buyers) strongly in control, which sparked optimism between investors with the second largest digital currency in terms of market value of critical thresholds.
This last height led the ethereum to a pivotal point, where the penetration of higher levels can lead to confirmation of continuous upward momentum and may indicate the beginning of a wider upward trend.
Ethereum between resistance and support levels
Daan’s prominent analyst recently participated in a highly highlighted analysis that Etheerium is still confined to a trading range ranging between $ 2,475 and $ 2,735, and this consolidation area has proven to be a battlefield, where the price tested its borders again and again, and it is worth noting that Etheerium has re -tested the highest level in this range at $ 2,735 for the fourth time, which is a work level as support and resistance in recent weeks.
The price also invaded both the peaks and bottoms within this range, which indicates a period of frequency that may precede an important movement, and to maintain the dominance of “bulls”, bypassing this resistance will be decisive, and the failure in this may lead to a renewed sale of sale, which keeps the market to be ready while monitoring traders monitoring the next catalyst.
Etheerium stands at a decisive level after a strong payment towards the resistance, which represents a critical moment for the path of the cryptocurrency, and after a noticeable rise, the price tested main thresholds, which attracted sharp attention from the market participants, and the morale remains divided deep This is the uncertainty due to global tensions and total economic instability, which continue to pay fluctuations across the financial markets, which keeps traders ready.
The last “Dan” analysis provides a detailed perspective, indicating that the ethereum is still limited between $ 2,475 and 2,735 dollars, and inside this region the price invaded both peaks and bottoms, which reflects a period of consolidation, and significantly re -test the highest level in the range at $ 2,735 for the fourth time, which is a level of work repeatedly as a psychological barrier And technician.
According to “Dan”, this long movement within the range indicates that a penetration is both up or downwards on the horizon and is likely to lead to a large movement, yet it warns that until such a penetration occurs, it is wisdom to avoid excessive adherence to the upward or declining centers, and the analyst notes that during the past few weeks, traders have repeatedly betrayed the penetrations in both directions, only, only To face volatile conditions that often lead to losses, and this pattern of hesitation left many “turbulent” investors, as early bets fail to verify, and with the addition of a state of global economic uncertainty more pressure, the next Ethereum movement depends on whether the “bulls” can exceed the resistance of $ 2,735 decisively, or whether the “bears” (sellers) will benefit from A possible reflection, and until the vision becomes clear, the market remains a battlefield for competing forces.
Price movement details .. main levels must be overcome
Ethereum is trading at $ 2,690.46 on the daily chart, after a period of consolidation after a sharp decline, and after finding support near $ 1,750 in April, ETH formed a temporary rising triangle style, with a modern price movement that tests the main moving averages, the simple moving average was hacked for 50 days (2,310.51 dollars) and the simple moving average for 100 days ($ 2,077.91) up, while the simple moving average remains for 200 days ($ 2,657.01) critical resistance is compatible with the current price area.
This movement indicates a short -term elasticity, which paves the way for a possible test to resist $ 2,750, a re -testing level four times since early 2025, and the decisive daily closure may open over $ 2,750, supported by an increase in size, the way to a payment of about 3,000 dollars, and the graph reveals the heights 2,600 dollars, and adds increased volume during the recent altitudes credibility to try to penetrate, which reduces the possibility of wrong movement.
And if ETH holds above $ 2,500, the trend tends to climb, however, rejection at $ 2,750 may pay the price again to the support zone of $ 2,250 – 2,400 dollars, and the market remains limited between $ 2,475 and $ 2,735, according to the visions $ 2,750 to confirm the bullish momentum.
