Ethereum experienced the most aggressive sales pressure in history last Monday, and the price dropped by 25% in one day. This dramatic drop shook the whole market, leaving investors on the edge. However, Ethereum reflected quickly, erasing the entire decline in a few hours, causing optimism to recover. Despite the rapid reflection, Ethereum is currently in the face of considerable risk, because it trades slightly below the critical level of resistance, increasing the concerns about his ability to keep the momentum up.

The best cryptographic analyst Daan shared a technical analysis, emphasizing that Ethereum once again respects the level of 2800 USD, but did not go to his first test. This level of resistance has become a central point for bulls, because recovery is necessary for every indefinite recovery. According to Daan, a sign in the amount of USD 2800 is crucial when determining the next Ethereum movement, with potential to re -disseminate the stubborn rush or bring to further consolidation and inheritance.

Because the market is still struggling with uncertainty, all eyes have the ability of Ethereum to regain this key level. Bulls must be forceful to prevent another wave of sales pressure, because the coming days probably shape the miniature -term cryptocurrency trajectory and determine whether it can maintain recovery.

Ethereum is preparing for a decisive traffic below 2800 USD

Ethereum trads below 2800 USD and it seems that he is preparing for a decisive movement, which shapes its miniature -term direction. The sentiments of investors around Ethereum remain bears, and many become frustrated inability to regain key levels. Hopes for a rally for the second largest cryptocurrency are decreasing because the price is still disappointing.

Daan made available A Technical analysis on xemphasizing the repeated Ethereum failure through the resistance level of USD 2800. “ETH once again respects USD 2.8,000 as resistance and the first test has not been pushed back,” said Daan.

The current price action leaves Ethereum like “Earth Nobody”, which makes it necessary to determine where you can create a higher level. This higher level can serve as the basis of movement related to the range or potential breakthrough.

Daan suggests that from that moment Ethereum can create a coverage that will lend a hand to evaluate his next move. The upcoming days will be crucial for Ethereum, because traders and investors are strictly monitoring whether cryptocurrency can establish support at lower levels or a breakthrough above USD 2800. Lack of recovery of this key level can extend the bears of the trend and lead to further declines, while a successful breakthrough can cause a renewed stubborn rush.

The price fights below key resistance levels

Ethereum currently has USD 2640 after it has not moved above 2,700 USD from Friday. It seems that the bulls have lost the momentum and the price standing in front of a forceful resistance from 2,700 to 2800 USD. This key supply zone circumscribed the Ethereum movement up, leaving the market in a state of uncertainty.

To recover a stubborn rush, Ethereum must find a forceful demand at current levels and exceed this critical resistance zone. Recovering these levels as support would be the first step towards reversing the bear, which delighted the market from the end of January. Without such a move, Ethereum remains exposed to further inheritance risk.

If the Ethereum does not hold over 2,200 USD on the coming days, the price will probably experience a deeper correction. The decrease below this level may push ETH to lower demand zones, testing support by about USD 2,500 or lower. Traders and investors will carefully observe $ 2600 as a critical threshold of the next Ethereum movement.

For now, the prospects remain bears, and the coming days will be crucial for determining whether Ethereum can collect the strength to regain key levels, or further declines are on the horizon.

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