If Ether Lee owns $ 2,200, the price may recover quickly -analyzer sets the price target.
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Ether Lee is making less than $ 2,300 after failing to maintain its major demand last week. In terms of strong sales pressure, investors have raised concerns that ETH may not be able to see a strong bull market. Since Ether Lee is having difficulty in reclaiming the lost land, the feelings of the market are still uncertain, and analysts have shared whether the correction will continue or whether the recovery is on the horizontal line.
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The technical perspective suggests that ETH may still have a chance to counterattack. Encryption analyzer ALI Martinez shared the analysis of X, pointing out that Ethereum could set up $ 2,500 if Ethereum had more than $ 2,200. Martinez is trading nearly an important support level and has produced a strong upward measure.
The bulls must defend $ 2,200 of the mark to prevent further reduction, and if you recover $ 2,500, it will be strength and potential trend reversal. But ongoing weaknesses lead to another wave of sales pressure, which can push the ETH even lower. Investors are cautious while waiting for Ether Leeum’s next movement in this volatile market.
Ether Lee is faced with important tests.
Ether Lee is struggling with a lot of sales pressure and negative feelings, and has led to extreme speculative activities that prefer the position of the future. Uncertainty over ETH’s price behavior has raised questions about the ability to recover in the short term.
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Since the end of December, Ether Lee has lost 49%of its value, and investor sentiment is in despair, as the price has not regained its major resistance. Many traders have begun to settle for themselves for a greater decline, strengthening the weak prospects in the market.
But some analysts still think Ether Lee can soon start recovery. Ether Lee is approaching an important inflection point where the decisive movement can determine the next trend of assets.
This view is consistent with a few optimistic analysts who claim to be aggressive when Ether Leeum’s rally begins. Historically, ETH has reacted rapidly due to prolonged falling pressure, and can occur again if the larger market situation is improved. At present, investors are closely seeing Ether Leeum’s ability to defend the level of $ 2,200 and looking for signs of new strengths.
The price is less than $ 2,500
Ether Lee is trading for $ 2,222 after struggling for several days to recover higher prices. Prices are strengthening sales pressure, and ETH has not established a strong support area, so investor sentiment remains weak. ETH BULLS lost 26%correction within five days, losing its control that the price began to drop dramatically on Monday. The selling has disappeared in the major support level and has an Ethereum in a weak position.
In order for Ether Leeum to restore momentum, the bull must push the price to more than $ 2,500. If you go back to this mark, you can signal strength and cause recovery rally. But without the buyer’s strong push, ETH can be trapped in a slow integration stage of less than $ 2,500. This leads to long -term uncertainty in the market, making it difficult for traders to establish clear positions.
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If ETH failed to regain $ 2,500 soon, the market continued to see weaknesses, and sellers dominate price measures. On the other hand, if Ether Reeum maintains more than $ 2,200 and builds support, the potential for reaction remains in the table. The next few days will be important as investors monitor the signs of potential reversal or further drops.
DALL-E’s main image, TradingView chart
