Ethereum has been fighting below the $ 2,800 brand since last Thursday, leaving the bulls in trouble as the price continues to operate below the key supply levels. This bearish price action has shaken the confidence of investors, especially among those who anticipated that 2025 would be an upward year for Ethereum. The mass sale pressure of last week further aggravated fears, with ETH struggling to recover the lost terrain.
The current feeling of the market towards ETH reflects the growing uncertainty, since the second largest cryptocurrency does not show signs of a strong recovery. Investors are concerned that the disappointing performance of ETH can persist, especially since it is left behind Bitcoin and other alternatives that have shown a relative force in recent weeks. Many now question if Ethereum can recover the bullish impulse that has been known in previous cycles.
Despite these challenges, there are flashes of optimism. The key metrics in the chain shared by the cryptographic analyst Ali Martínez reveal an interesting trend: the number of Ethereum whales that have more than 10,000 ETH has increased by 2.30% since February 1.
This suggests that great headlines accumulate Ethereum during this consolidation phase, which may indicate confidence in their long -term perspectives. It remains to be seen if this accumulation will translate into price recovery, but add a layer of intrigue to the dynamics of the current Ethereum market.
Ethereum accumulation that takes place
After the dramatic liquidation last week, which saw Ethereum fall from $ 3,150 to $ 2,150 in less than two days, the price has fought to claim key supply levels. While ETH achieved a strong recovery of its minimums, going back to the $ 2,700 mark, it still faces significant resistance and remains in a bearish trend. The bulls are under pressure, with the level of $ 3,000 emerging as the critical threshold to recover control and change the narration towards an upward recovery.
Despite the challenging price action, there are signs of optimism for Ethereum’s long -term perspective. The key metrics shared by the superior analyst Ali Martínez reveal that the number of Ethereum whales, the matrices that have more than 10,000 eth) has increased by 2.30% since February 1.
This growing accumulation suggests that large -scale investors continue to trust Ethereum’s potential, even when the broader market struggle with volatility and uncertainty. Historically, the accumulation of whales during the bearish phases has often preceded strong demonstrations, since these players anticipate future price increases.
This trend provides a ray of hope for Ethereum investors who still believe in a bullish year ahead. If ETH can recover the $ 3,000 mark and keep it as a support, a recovery of higher supply levels could trigger a broader rally. For now, however, the next few days will be crucial since Ethereum is consolidated and bulls try to recover control. With the growing activity of the whale pointing out trust, the question remains: Can Ethereum overcome their current struggles and prepare the stage for another ascending increase?
ETH price action: key levels to recover
Ethereum (ETH) is quoted at $ 2,680, since it tries to claim the $ 2,700 brand and push the key supply levels above the key. The bulls are under pressure to recover control after weeks of bass price action. Claiming the $ 2,800 and $ 3000 levels is crucial for Ethereum to reverse the daily descending trend that it has experienced since the end of December. Breaking above these levels would indicate a change in impulse, giving bulls the opportunity to recover strength.
The $ 3,000 mark is particularly significant, since it is aligned with the 200 -day mobile average, a critical indicator of the long -term trend force. Historically, break and maintain above this mobile average have triggered bullish manifestations, and a similar movement could now send ETH to higher prices levels quickly. An impulse above $ 3,000 would probably attract a greater interest of investors, preparing the scenario for sustained recovery.
On the negative side, losing the support level of $ 2,600 would put Ethereum at risk of additional decreases. Such movement could lead ETH to the lowest demand areas, which can visit the levels for the last time during its dramatic liquidation earlier this month. For now, the $ 2,700 mark remains the immediate battlefield, since bulls and bears fight for short -term domain in an uncertain market.
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