Ethereum

Ether Lee has many years of strong patterns-experts suggest that the next movement will be a ‘real deal’.

This article is also provided in Spanish.

Ether Lee has been in trouble for less than $ 2,800 for a few days, and the second largest feelings around the world have become more and more negative. Investors and analysts were worried about Ether Leeum’s ability to prepare for recovery due to ongoing sales pressure, and many of them began to lose hope for meetings.

The weakness of the weakness was reinforced only when ETH continued to be lower than Bitcoin and other major assets, causing frustration among market participants who expected the strong start of the year.

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Despite this negative outlook, there is a reason for optimism. The chief analyst Jelle shared the technical analysis showing that Ether Lee is still being traded in triangles for many years. This pattern suggests that Etherrium can be integrated before potential escape at a higher price. The historical pattern showed that ascending triangles often lead to explosive price movements when they often violate major resistance levels.

Since ETH is traded near important support levels, future days are important for determining short -term directions. Investors are closely watching whether this optimistic pattern holds and whether Ether Lee can restore the momentum, and can potentially recover to restore trust in the market.

Ether Leeum prepares for a decisive movement

Ether Leeum seems to be preparing for a decisive movement because it is having difficulty in recovering momentum in a challenging market environment. Investors are becoming more frustrated by Ether Leeum’s insufficient price behavior, and the optimism of the assembly is disappearing.

Compared to other altcoins, such as Bitcoin and Solana, Ethereum has a low performance, leaving the bulls in an irreversible state. Constant sales pressure weakened hope for recovery, and many questioned whether Ether Leeuum could restore the foothold.

But not all hope is lost. The chief analyst has recently shared technical analysis of X, and he pointed out that Ether Lee is still trading in many years of ascending triangles, an optimistic pattern before historically explosive movement.

Ether Leeum Transaction with many years of strong patterns | Source: Jelle on X
Ether Leeum Transaction with many years of strong patterns | Source: Jelle on X

According to Jelle, the price of Etherrium has been deceived from both sides of this structure, and often suggests that the next movement will be a real deal. This technology setting indicates that Ether Lee is building energy for a significant breakdown or failure.

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Jelle also emphasizes $ 4,000 as a critical supply area. Ether Lee has tested this level three times without success, but I think the fourth attempt can finally break through. If Ether Lee can summarize the major resistance, it will display the turning point and potentially ignite the rally with price discovery to restore the trust between investors.

Price analysis: The main level to hold

Ether Lee is currently trading for $ 2,650 for several days after selling pressure and market uncertainty. This price has been difficult to recover $ 2,800 since last Wednesday, reflecting the weak feelings that have dominated ETH’s price behavior since late December. Since momentum remains on the side of the bear, the bull is facing more and more challenges, and confidence among investors continues to weaken.

ETH price holding level of demand | Source: TradingView's ETHUSDT chart
ETH price holding level of demand | Source: TradingView’s ETHUSDT chart

To reverse the ongoing down trend, the bull must maintain a strong support of $ 2,600. This price has been a major demand area in the past and can provide the foundation for recovery. But simply keeping this level is not enough. Ethereum also needs to recover $ 2,800, and more importantly, it must exceed $ 3,000 to inform the change of market sentiment.

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If Ether Lee has more than $ 2,600 and successfully recovers $ 2,800 and $ 3,000, it can be pushed to a higher supply area. Such movements will provide the bulls for the bull to restore control and induce ETH to potentially stronger resistance levels. However, if you do not have $ 2,600, you can start a more decline in the next significant support level.

DALL-E’s main image, TradingView chart

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