Trust Editorial Content, reviewed by industry leaders and experienced editors. Disclosure of ads
In recent days Ethereum He has been fighting below the price level of $ 2,600 after the general cryptographic market received a bassist success, stopping its recent upward trend. While ETH’s price has faced notable bearish movements, there is still the possibility that the Altcoin can recover in the coming weeks as a key bullish pattern arises.
A possible rebound that arises for Ethereum
Ethereum’s ascending performance has weakened due to a bearish change in the cryptography market, which makes many important digital assets become backward. Despite this price action, Crypto Bullet, a technical expert and investor, has outlined A configuration that suggests a possible rebound to higher levels in the short term.
After his analysis of the 1 month table, Crypto Bullet stressed that ETH closed the month of May with an upward note. In addition to the monthly closure, Altcoin has formed a beautiful candle formation of the morning star, which suggests the increase in the rise.
A formation of star candlesticks is a technical pattern that suggests a potential change of a bearish tendency to an upward trend, which makes it an investment pattern. When the market is in a terrible downward trend, the candlesty pattern of the morning star is considered as A sign of hope for a positive career.
The appearance of this configuration of the key table He suggests that Altcoin can be preparing for another rebound, despite the mixed feeling in The broader cryptographic market. With technical indicators that hint a change towards the ascending trajectory, the anticipated rally could rekindle an upward market phase for Ethereum.
According to the cryptographic analyst, ETH is currently facing a hard resistance as prices fight to recover ascending force. However, the Altcoin recently passed the price level of $ 2,500, which Crypto Bullet considers a key resistance range.
Before The ruptureThe expert predicted that he could follow a remarkable rally, taking ETH to the $ 3,300 mark in the coming weeks. Since Ethereum has slightly exceeded $ 2,500 at the time of writing, this implies that anticipated Trip at $ 3,300 and beyond it could have begun.
ADVERTISEMENT
The main ETH investors are returning to the market
Despite facing the bassist performance, the feeling of investors to ETH has remained strong, particularly in Binance, the largest cryptographic exchange in the world. Chain expert and author Darkfost reported that Ethereum whales are back in cryptography exchange.
Darkfost identified the change after examining the average eth -size of Eth in Binance, a metric that provides a real -time image of the feeling and impulse of Ethereum on the platform. This is measured by combining important market data on the activity of the points and the future, the cumulative volumes and a comparison of the mobile averages.
ETH whale orders in Binance They have been increasing since May 19, representing a very encouraging signal and conviction among large investors. The last time this indicator illuminated in this way was in December 2023, just before the strong ETH increase from $ 2,200 to $ 4,000.
While the indicator has enlightened, Darkfost stressed that whales They do not always try to catch the exact background; Rather, they often position themselves early when a macro trend begins to show force indications.
Getty Images’s prominent image, Record of TrainingView.com
Editorial process For Bitcoinist, he focuses on the delivery of content completely investigated, precise and impartial. We maintain strict supply standards, and each page undergoes a diligent review of our technology experts and experienced editors. This process guarantees the integrity, relevance and value of our content for our readers.
