Ethereum

What is actually happening? Analyst’s weight

This article is also provided in Spanish.

Ether Leeum’s achievements have been inferior to the wider cryptocurrency market in recent months, and assets have not been able to use strong momentum in recent markets.

Bitcoin has repeatedly reached the new all -time high, but Ethereum struggled to exceed $ 4,000 and is much lower than $ 4,800 in 2021.

In this slow recovery, the encryption analyst known as ProjectW shared insight into Ether Lee’s resurrection, urging investors to consider long -term paintings.

Projectw explained some elements that can lead to Ethereum’s next brake out in a detailed post about X. Analysts have emphasized Ether Leeum’s accumulation for years within a wide range of transactions, suggesting that such long -term integration is often prioritized over significant price expansion.

Despite the negative feelings about the preferred stories of other networks such as Ethereum and Solana, Projectw emphasized that Ether Leeum’s long -term rise remains.

Possible re -testing of less than $ 3,000 can serve as a catalyst, and you can provide the liquidity required to set the steps for a wider recovery of Etherrium over $ 4,000.

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ETH/BTC performance and prospects

The core point of the analysis of Projectw is that Ether Lee’s performance of Bitcoin is reduced. So far, Ether Lee has struggled to meet Bitcoin’s profits during the market rally and often faces a steep decline during market correction.

This trend is reflected in the ETH/BTC transaction pairs, which remains weak for a higher period of time. However, the analyst has confirmed the potential reversal area of ​​about $ 2,700 of Ethereum, which can be consistent with structural changes when ETH/BTC is stabilized at this level.

Analysts also dealt with the role of market manufacturers and institution players in forming the price trajectory of Ether Leeum. According to ProjectW, Ether Lee’s recent negative application of the Ether Leeum is not a coincidence, from concerns about the Etherrium Foundation to repeated comparison with Bitcoin.

Instead, major market participants can show the intentional efforts of major market participants trying to accumulate Etherrium at a low price, which is an observed pattern in the past market cycle.

The participation of institutional athletes, such as the World Liberty Financial, is known to have acquired a significant amount of Etherrium. The analyst wrote:

We know how this game works. MMS moves to the place you want. In particular, it moves to a highly liquidity area. And what do they do? Media story. Recently, we have seen the aggressive promotion of ETH Fud in major publications. -Wind the Ether Leeum Foundation -Is the achievement of ETH’s achievements for BTCs everywhere is actually a coincidence? Or is it the same old SM playbook? FUD → Sales of Panic Sculptures → Institutions are accumulated.

Ether Leeum’s core strengths and future prospects

Despite his recent achievements, the analyst claimed that the core foundation of Ether Leeum was still strong. Projectw wrote:

Despite all the noise, Ether Leeum remains the most important smart contract network. -The deepest liquidity of Defi -Best Security and Decentralization -The emotions are on the bottom while they have the most powerful developer ecosystem, and the actual foundation suggests that ETH is still the middle of space. So where do you leave us?

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The rally is not guaranteed, but Projectw suggests that Ether Lee’s long -term conditions match for potential growth. The analysts concluded that the market participants waited for the signs of the continued upward trend, and in the next few weeks, they concluded the request to closely monitor Ether Lee’s progress.

TRADINGVIEW's Ether Leeum (ETH) price chart
ETH prices are moving up on a two -hour chart. Source: ETH/USDT on TradingView.com

Chart of TradingView, a major image made of dall-e

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