Ether Lee Riium recovers the area of BTC -Can Bulls aim for a high range?
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As Bulls attempts to recover the $ 1,850 zone, Ethereum is increasing its important support level. Price measures are cautious because global trade conflicts and deterioration of macroeconomic conditions continue to put weight on investors in all markets. Trade tension between the United States and China, combined with weak economic indicators, has created a challenging environment for risk assets such as encryption.
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But despite these headwinds, Ether Leeum showed signs of elasticity. Some analysts interpret the recent surge in ETH prices into positive changes, which can lead to continuous propulsion if the major resistance levels are violated.
The chief analyst recently shared his insights on the ETH/BTC chart, and last week, Ether Lee has made a good start and showed a prominent strength compared to Bitcoin. This movement immediately pulled a broader Altcoin higher, increasing the risk of investors. DAAN is a encouraging development of Ether Lee’s ability to resume regional scope, and continuous promotion allows you to set a step for wider recovery in the Altcoin sector.
Ether Lee builds momentum
Ether Leeum began to show the initial signs of the stronger structure formed in a lower time frame, and after a few weeks of uncertain, he gave hope to investors. The bull is constantly trying to regain higher resistance levels, but sales pressure remains a real threat. The analysts are divided into two scenarios, and the battle for control is being strengthened. A large brake out for a much higher goal or a failed escape to send ETH under the $ 1,300 support area.
DAAN shared the technical opinion that Ether Leeum started strong last week and regained his strength compared to Bitcoin. This movement was important because it immediately caused strength across many altcoins. DAAN explains that Ether Lee has reconstructed regional range and important development.
The next goal of Bulls is to push the ETH to a high range and regain 4 hours 200 mA and EMA. Achieving this can begin the potential higher period of reversal, and the tide can be reversed to the buyer. DAAN also emphasizes that if ETH can continue to build a momentum here, another powerful Altcoin rally can be used to amplify the impact on the entire market.
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Ball price
Ether Lee is currently trading at $ 1,800 after a few hours of tightly between $ 1,850 and $ 1,725. Despite the uncertain macroeconomic background, ETH maintained short -term strength by maintaining more than 4 hours 200 MA and EMA.
Integration within this range shows a signal that the bull is effectively defending the main level, but then a catalyst is still required to trigger important movements. If you keep 4 hours 200 MA and EMA, Momentum will now be advantageous to buyers, and more than $ 1,850 pushes can be opened for bigger meetings.
However, global tension and weakening economic indicators are important to keep their emotions and to increase clarity next week. If the wider market stabilizes or the Bitcoin continues to promote the new high, Ether Leeum can help and expand. On the other hand, if they do not maintain more than $ 1,725, they will expose ETH to newly renewed sales pressure and lower demand zones. Currently, the bulls are maintaining control, but the boundaries are the key as Ether Lee is approaching the pivotal moment.
DALL-E’s main image, TradingView chart
