$ 2300 appears as the most essential resistance

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Because Ethereum (ETH) still experiences a significant deterioration in prices, registering a 17% decrease in the last month, Key resistance levels They appeared as critical points for the second largest cryptocurrency. Analysts suggest that these levels can cause a potential reversal of the trend if they are recovered.

Ethereum is in the face of a potential inheritance to $ 1155

In the last update Ali Martinez, made available on the Social Media platform X (formerly Twitter), Ali Martinez emphasized two key price points for the near future Ethereum.

The first, set at USD 2100, is seen as a necessary threshold to initiate a up-to-date trend up. However, a sign with a value of USD 2,300 is considered a “more decisive” level that Ethereum must violate to confirm the stubborn reversal.

Martinez analysis, based on a one -day chart noticeable below, indicates that if Ethereum does not regain these levels, this can lead to further decline.

Ethereum
Key price points for ETH on the daily chart. Source: Ethusdt at tradingview.com

The next target points to watch are USD 1,600 and USD 1155, levels that could indicate a up-to-date one Down Trend. Such a decrease would be additional losses of 12% and over 37%, respectively, which means a disturbing continuation of the worst first quarter of Ethereum in its history.

In another postThe analyst also noted that the price of Ethereum is in the face of a significant resistance wall between USD 2,200 to 2580. Data in the chain of the Intotheblock analytical company show that about 12.43 million investors bought about 66.18 million ETH in this price range.

Breaking above these levels can potentially generate a stubborn cryptocurrency shoot. However, stubborn catalysts that could cause movement above these levels remain scarce among experts.

The largest ETH accumulation zone in the threat

The GlassNode market intelligence company has indicated This basic distribution of ETH shows narrow support near current prices. Weekly data suggest that addresses at the basis of a cost of around USD 1,800 have not been involved again. Many investors supposedly sell with a loss, which further increases the current price uncertainty.

On March 28, a few clusters by around 250,000 ETH with costs from $ 2000 to 2050 have effectively disappeared, which indicates that some Holders with more high-priced costs They try to embrace their positions.

However, Glassnode claims that the general Ethereum accumulation zone seems narrow at current price levels, causing questions about future stabilization of the second largest cryptocurrency.

Greatest Accumulation zone Below the current market price is currently USD 1,537, where almost 994,000 ETH was purchased. If the downward trend persists, this level is expected to serve as structural support in the near future, potentially providing a buffer from further declines.

Ethereum
The daily chart shows the popularity of the ETH down price. Source: Ethusdt at tradingview.com

ETH is currently 1,830 USD, which is a 12% decrease in a week.

A distinguished painting with Dall-E, chart from tradingview.com

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