$ 2,300 is the most important resistance
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As Ether Leeum (ETH) continues to experience significant prices, it has fallen 17% over the last month. Resistance Second, he has emerged as a critical point of the large cryptocurrency. Analysts suggest that if this level is played, potential trend reversal can be ignited.
Ether Lee is $ 1,155, facing potential reductions.
Recently Update ALI Martinez, an encryption analyst shared on social media platform X (previous Twitter), emphasized two pivotal prices for Ether Lee’s immediate future.
The first set to $ 2,100 is considered a threshold for starting a new upward trend. But $ 2,300 is considered a “more decisive” level that Ether Lee Rium must violate to confirm the reversal.
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Martinez’s analysis indicates that Ether Leeum can no longer be reduced if Ether Lee is not regaining this level based on the one -day chart shown below.
The following target points are $ 1,600 and $ 1,155, which can represent new things. downtrend. Such a reduction indicates additional losses of 12% and 37%, respectively.
other mailAnalysts also pointed out that Etherrium prices are facing considerable resistance walls between $ 2,200 and $ 2,580. Intotheblock’s warm -chain data shows that about 14.3 million investors have acquired about 661 million ETHs within the price range.
More than this level of dehumidification can create a strength of cryptocurrency. But there are almost optimistic catalysts that can move beyond this level.
ETH’s biggest accumulation area
There is GlassNode, a market information company. indicated The ETH’s cost -standard distribution shows that the current price is limited. According to weekly data, the address did not participate again on a cost of about $ 1,800. Many investors are selling due to losses, adding additional price uncertainty.
On March 28, several clusters of about 250,000 ETH, which have a cost of $ 2,000 to $ 2,050, have effectively disappeared. Higher cost holder We are trying to average their position.
However, GlassNode argues that the entire Etherrium accumulation area is limited to the current price level, which raises questions about the second largest cryptocurrency.
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Largest Accumulation The current market price is now $ 1,537 and almost 994,000 ETHs have been acquired. If the down trend continues, this level is expected to serve as a short -term structural support, providing a buffer for further reduction.
ETH is currently falling 12% for a week to $ 1,830.
DALL-E’s main image, TradingView.com chart
