Ethereum has been fighting under the $ 2,800 brand for several days, with the feeling of the second largest Cryptocurrency in the world that is becoming increasingly negative. Persistent sales pressure has left investors and analysts worried about Ethereum’s ability to arrange a recovery, with many who are starting to lose hope for a rally.
The baisseed feeling has only intensified when ETH continues to underperform compared to bitcoin and other major assets, which causes frustration among market participants who expected a stronger start to the year.
Despite this negative view, there is a reason for optimism. Top analyst Jelle shared a technical analysis that revealed that Ethereum is still shopping within a multi -year rising triangle, a haus -like diagram pattern that can signal a significant feature higher. This pattern suggests that Ethereum can only be consolidated before a potential outbreak at higher prices. Historical designs have shown that rising triangles often lead to explosive price movements when key resistance levels are broken.
As ETH trades close to critical support levelsThe coming days will be crucial to determining its short -term direction. Investors look closely to see if this haus -like pattern holds and if Ethereum can regain speed and potentially lead to a recovery that can restore confidence in the market.
Ethereum prepares for a decisive move
Ethereum seems to be on its way for a decisive move when it struggles to regain momentum in the midst of a challenging market environment. Investors are growing increasingly frustrated over Ethereum’s unfortunate price measures, and optimism for a rally fades.
Compared to bitcoin and other altcoins such as Solana, Ethereum has underperformed and left bulls with some control over the price action. The constant sales pressure has subdued hopes for a recovery, which causes many to question whether Ethereum can regain their foot.
But not all hope is lost. Top analyst Jelle recently shared a Technical analysis on xIt points out that Ethereum is still shopping within a multi-year rising triangle-a haus-like pattern that historically precedes explosive features.
According to Jelle, Ethereum’s price has falsified on both sides of this structure, a behavior that often suggests that the next feature will be the real deal. This technical installation indicates that Ethereum is building energy for a significant outbreak or division.
Jelle also highlights the $ 4000 brand as a critical delivery zone. Ethereum has tested this level three times without success, but he believes that the fourth attempt could finally break through. If Ethereum can clear this key resistance, it would mark a turning point and possibly ignite a rally to price discovery, which restores confidence among investors.
Price analysis: key levels to keep
Ethereum currently deals with $ 2,650 after several days of sales pressure and uncertainty in the market. The prize has struggled to recover the land of $ 2,800 since last Wednesday, which reflects a baissed feeling that has dominated ETH’s price measure since the end of December. Bulls face increasing challenges as the momentum remains on the bear’s side, and confidence among investors continues to weaken.
To reverse the ongoing downward trend, bulls must keep the $ 2,600 level as strong support. This price has served as an important demand zone in the past and can provide the basis for a recovery. However, simply maintaining this level is not enough – it must also recover the land of $ 2,800 and, even more important, breaking over the $ 3,000 level to signal a shift in the market entry.
If Ethereum can hold over $ 2,600 and successfully recover both $ 2,800 and $ 3,000 levels, it can lead to a print in higher delivery zones. A feature that this would give the momentum needed for bulls to regain control and potentially operate ETH against stronger resistance levels. However, not holding $ 2,600 can open the door to further disadvantage, with the next critical support levels significantly lower.
Featured Image from Dall-E, Chart from Tradingview
