Ethereum has been struggling under the $ 2,800 brand since last Thursday and left bulls in problems when the price continues to act below the key supply levels. This baisse -like price measure has shaken investors’ confidence, especially among those who predicted in 2025 would be a haus -like year for Ethereum. Last week’s massive sales pressure aggravated further fear, with ETH struggling to regain lost land.
The current marketing term against ETH reflects growing uncertainty, as the second largest cryptocurrency does not show signs of a strong recovery. Investors are worried that ETH’s overwhelming performance may remain, especially when it is behind Bitcoin and other altcoins that have shown relative strength in recent weeks. Many are now questioning whether Ethereum can regain the haus -like momentum that it has been known for in previous cycles.
Despite these challenges, there are glimpses of optimism. Key measurements on the chain shared by crypto analyst Ali Martinez reveal an interesting trend: the number of Ethereum whales holding over 10,000 ETH has risen by 2.30% since February 1.
This suggests it Large holders accumulate Ethereum During this consolidation phase, potentially signal confidence in its long -term views can be potentially. Whether this accumulation will translate into price recovery remains to be seen, but it adds a layer of intrigue to Ethereum’s current market dynamics.
Ethereum accumulation takes place
After last week’s dramatic sales, which saw that Ethereum fell from $ 3,50 to $ 2,50 in less than two days, the price has struggled to regain important delivery levels. While ETH succeeded with a strong recovery from its lowness and drove back to the $ 2,700 mark, it still faces significant resistance and remains in a baisse -like trend. The Bulls is under pressure, with the level of $ 3,000 that appears as the critical threshold to regain control and move the story towards a haus -like recovery.
Despite the challenging price measure, there are signs of optimism for Ethereum’s long -term views. Key measurements Shared by top analyst Ali Martinez reveals that the number of Ethereum whales – waves holding over 10,000 ETH – has increased by 2.30% since February 1.
This growing accumulation indicates that large -scale investors remain confident of Ethereum’s potential, even when the broader market struggles with volatility and uncertainty. Historically, vault accompanying during Baisse -Tarted phases has often preceded strong rally because these players predict future price increases.
This trend gives a glimpse of hope for Ethereum investors who still believe in a haus -like year to come. If ETH can recover the land of $ 3,000 and keep it as support, a recovery in higher supply levels can trigger a wider rally. At the moment, however, the coming days will be crucial as Ethereum consolidates and bulls trying to regain control. With a growing choice of choice to signal confidence, the question remains: Can Ethereum overcome its current struggles and set the stage for another upward force?
ETH Price action: key levels to recover
Ethereum (ETH) is traded at $ 2,680 as it tries to regain the land at $ 2,700 and operate above key supply levels. Bulls are under pressure to regain control after weeks with baisse -like price measures. Returning the levels of $ 2,800 and $ 3,000 is crucial for Ethereum to reverse the daily trend it has experienced since the end of December. Breaking over these levels would signal a shift in speed, giving bulls a chance to regain strength.
The $ 3,000 mark is particularly significant, as it is in line with 200-day sliding average, a critical indicator of long-term trend strength. Historically, mining and posture over this variable average has triggered haussearted rally, and a similar feature can now send ETH to higher price levels quickly. A pressure over $ 3,000 would probably attract increased investors’ interest rates and set the stage for a long -lasting recovery.
On the disadvantage, it would lose $ 2,600 aid level to put Ethereum at risk of further reductions. Such a movement can take ETH to lower demand zones, which can potentially review levels that have last seen during its dramatic sales earlier this month. At the moment, the 2,700 $ mark remains the immediate battlefield, as bulls and bears are fighting for short -term dominance in an uncertain market.
Featured Image from Dall-E, Chart from Tradingview
