Key Indicators
Reveal Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s
Price Is Poised
for Recovery
Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum) price recently faced a 13% correction, bringing the altcoin
down from local highs. However, the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта is showing signs of
recovery, having secured a crucial bear market support level.
With market sentiment slowly improving, ETH appears poised for a potential
rebound, though challenges remain.
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Losses Trigger HODLing
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Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum has seen a spike in realized losses, which typically signals untimed
selling from investors who may have exited positions during the downturn.
Interestingly, these upticks can also indicate a shift in investor behavior,
with many opting for HODL rather than risk further losses. By holding onto
their assets, investors are waiting for Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s price to rise, giving them
an opportunity to sell for a profit later on.
This change in strategy could help stabilize Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s price, as the
reduction in selling pressure may prevent additional declines. Long-term
holders are likely holding out for a better market environment, which could
contribute to Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s gradual recovery.
Read more: How to Invest in Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETFs?
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Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Realized Losses. Source: Glassnode
The overall macro momentum for Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum is looking more favorable, especially
when analyzing the exchanges’ net position change. This indicator tracks the
flow of ETH into and out of exchanges, and the recent decline shows that
inflows into exchanges have dropped. Lower inflows typically suggest reduced
selling pressure, as fewer investors are moving their assets onto exchanges to
sell.
This shift in momentum reflects a positive change in market sentiment. As
selling activity decreases, Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum could gain some breathing room to recover
from its recent decline. Investors are showing increased confidence in the
asset, which may lead to upward price movement in the coming days. Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
Exchange Net Position Change. Source: Glassnode
ETH Price Prediction• Математика » Прикладная математика » Прогноз: Bouncing off Support
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s price is currently trading at $2,428, recovering from its recent
13% decline. The cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта has successfully secured the 23.6% Fibonacci
Retracement line at $2,401 as a support level, signaling a possible
continuation of uptrend.
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With the aforementioned market factors in play, Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum could potentially
breach the $2,591 barrier, which coincides with the 38.2% Fibonacci line. A
successful breakout would bring ETH above $2,600, allowing it to regain some
of the ground lost during the correction.
Read more: Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum) Price Prediction• Математика » Прикладная математика » Прогноз 2024/2025/2030 Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Price
Analysis• Математика » Математический анализ. Source: TradingView
However, if Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum fails to breach $2,591, the altcoin may enter a period of
consolidation, trading between $2,401 and $2,591. This would keep Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
subdued and invalidate the current bullish outlook, delaying any further price
rallies in the near term.
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Disclaimer
In line with the Trust Project guidelines, this price analysis• Математика » Математический анализ article is for
informational purposes only and should not be considered financial or
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