Ethereum experienced one of the most aggressive sales in its history on Monday, falling 25% in one day among panic throughout the market. A rapid decrease caused shock waves through the cryptocurrency space, marking one of the most unstable trade sessions ever registered for ETH.

However, within a few hours the price reflected, erasing almost the entire decline and stabilizing above key support levels. Despite this rapid recovery, Ethereum is currently in the face of solemn risk, because it trades slightly below the key level of resistance, leaving investors uncertain as to the next move.

The best analyst Daan divided the technical analysis into X, revealing that both Bitcoin and Ethereum are currently in consolidation, trying to create a higher low level after the dramatic market from this weekend. He noticed that this phase is crucial for determining the next main trend, because maintaining the current levels can signal the beginning of a fresh stubborn leg.

Failure to determine forceful support can lead to a further decline by exposing Ethereum to the risk of another correction. Due to uncertainty, all eyes have the ability to ETH to regain lost land and resolve the momentum of a potential breakthrough in the coming days.

Ethereum is preparing for a decisive movement among uncertainty

Ethereum is currently the subject of a value below USD 2800, fighting to acquire the pace after historical variability last week. The last price actions have made investors frustrated because the hopes for a forceful rally are still disappearing. While Bitcoin has shown relative strength, Ethereum remains stuck in a tight extent unable to break the levels of key resistance. The uncertainty on the market has led to a decrease in investors’ trust, with a lot of question whether ETH will be able to regain its stubborn structure in the near future.

The best analyst Daan provided technical analysis to xrevealing that consolidations are created everywhere. He noticed that BTC, ETH and most Altcoins show similar patterns – taking into account a higher level after aggressive rinsing from the weekend.

According to Daan, if Ethereum successfully breaks over the consolidation channel, it may gain the pace needed to exceed key delivery levels and start a fresh stubborn phase. However, the lack of this can lead to greater pressure of defects.

The upcoming weeks will be of key importance for the Ethereum price trajectory. If ETH can hold over 2,200 USD and push in the direction of $ 3000, it can cause re -interest on investors. However, the constant lack of regaining key levels of resistance can push Ethereum to deeper consolidation, additionally frustrating market participants.

Despite low -term uncertainty, the institutions still accumulate ETH, recognizing its long -term value. Historically, explosive price movements occurred after these periods of consolidation.

The price is fighting below USD 2900

Ethereum currently has USD 2,550 after consolidation days below USD 2900. Despite many attempts to push higher, Eth tried to regain key levels of resistance that would signal the shift of the shoot. The price action remains uncertain, and Bulls tries to maintain a support zone of 2,700 USD, looking for a breakthrough above 2800 USD to regain low -term control.

The most critical level of resistance remains the 3000 USD mark. If Ethereum can successfully exceed this price and turn it into support, he will open the door to the rally to higher supply levels. This would strengthen the stubborn matter and would potentially cause the 33,300 USD or higher.

On the other hand, having over 2,700 USD is crucial to avoid further pressure. If ETH does not defend this level, the next move may be a decrease in the direction of 2600 USD or even USD 2,500. However, as long as Ethereum remain in this area of ​​consolidation, traders will continue to observe the decisive breakthrough. Closing above $ 2800 in the coming days would be the first sign that the bulls gain momentum and that a fresh upward trend begins.

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