Etherrium long-term strong structure risk-$ 2,700 support is the core of the $ 7K goal.
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Ether Liium faced a cruel surrender event on Sunday, and plunged more than 30% within 24 hours as the panic of the entire market was maintained. The dramatic sale increased the fear of the US trade war, crossing the encryption space to send shock waves and significantly dropped Bitcoin and major Altcoin. The ETH, struggling to regain the core level, dramatically decreased, waved investors’ confidence, raising concerns about the long -term trend.
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The best analyst, Ali Martinez, shared technical analysis and showed that Ethereum formed a long -term head and shoulder pattern. According to Martinez, ETH must increase the decisive $ 2,700 to maintain a stronger structure and prevent deeper correction. The failure below this level causes the extended weakening stage, which can delay the potential rally of ETH.
The next movement of Ether Leeum is important due to extreme volatility and uncertainty that dominates the market. If the bulls can defend their main support, the ETH can stop a strong recovery, but the failure to maintain can lead to more disadvantages. As investors evaluate the damage caused by the accident this weekend, all gaze remains whether ETH can stabilize and recover the momentum for the next few days.
Ether Lee is facing major challenges
Yesterday Crypto Market witnessed the largest liquidation event in history and lost more than $ 2 billion in a few hours. Fear has been acquired, and as the US market responds to the trade war tension, investors are increasing their extreme volatility this week. As uncertainty dominated the landscape, Ethereum was one of the most influenced assets, and it was a significant portion of value by strengthening panic sales.
The price of Ether Lee has plummeted more than 37% since last Friday, making it one of the biggest drops in recent years. Due to the dramatic recession, analysts wondered whether ETH could maintain a long -term strong structure or whether a deeper correction was imminent.
Ali Martinez, the top encryption expert, shares a technical analysis of X to form a long -term head and shoulder pattern. If this pattern is confirmed, the ETH must exceed the $ 2,700 score of $ 2,700 to maintain the optimistic structure. If you lose this level, you can cause a deeper selling and increase the price to a lower demand area before recovery.
But if BULLS successfully defends this important support, Ethereum can still regain the lost ground and aim for a long -term target of $ 7,000. The upcoming day is a pivotal to determining the trajectory of ETH as the trader evaluates whether the trader is a temporary shaking out or an extension. downtrend.
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As macroeconomic fear and trade war tensions continue to affect market conditions, Ether Lee’s price behavior will be a major indicator of wider investor sentiment. This week, we will create an atmosphere of ETH’s movement in the next few months, which will be the second largest definition of cryptocurrency.
Price behavior details: Main level to watch
Ether Lee (ETH) is currently trading for $ 2,595 after a very volatile Sunday, which has seen the price drop to $ 2,150. ETH has lost all major support levels and is currently looking for stabilization demands, so the drastic decline has been in danger of fire.
With the market shaking and fearful feelings, ETH must maintain more than $ 2,600 in order to get a recovery opportunity. However, after these large -scale liquidation incidents, it may take time to restore optimistic propulsion, and the possibility of a greater decline is still high. As Ether Lee is struggling to find footprints, merchants and investors are closely at the main level.
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If ETH collects $ 2,800 and pushes more than $ 3,000, trust returns to the market and knows the first stage of recovery. Until then, uncertainty remains as dominant force, and the potential under other legs cannot be excluded. The next few days is important for determining whether Ether Lee can counterattack or decrease to a lower support level.
DALL-E’s main image, TradingView chart
