Ethereum (ETH) did not break away from the key level, retreating by 4%because most of the market bleeding. Some analysts believe that the next ETH leg will not come in a few months, because the second largest cryptocurrency can move to the side until May.

Ethereum to continue moving sideways?

On Monday, Ethereum Swan against the current one and registered a 6.3% enhance towards the support zone worth USD 2850, temporarily pulling the symmetrical triangle formula in which he has been consolidating for the last 15 days.

The cryptocurrency tried to recover USD 2700–2800, but in the following hours it did not keep the zone. On Tuesday, the tiny -term ETH party ended, sending the Altcoins king to 4% withdrawal in the direction of $ 2605.

Ali Martinez’s cryptographic analyst noted that Ethereum must serve support of $ 2,600, a key level of cryptocurrency to continue under a growing growing channel. For an analyst, a lack of maintenance of this level can be hindered by the long -awaited Altcoin season.

What’s more, the lack of maintenance of this level can cause ETH a decrease to the 2,200 USD mark, because the current level has no significant demand. According to Martinez, level 2,425 USD remains The most critical support zone for cryptocurrency, because 10.33 million wallets accumulated 63.43 million ETH.

In the latest results, Watcher Market Docxbt believes that Ethereum needs a period of re -accumulation to try to recover higher levels. The analyst stated: “he needs a prolonged period of re -accumulation,” as seen during the FTX collapse, the capitulation of 2023 and Summer 2024 surrender.

Docxbt: “There is nothing to do except side to side for a long time.” He added that he could continue to float in the current scope for two to three months “before we can lower trends, reverse them and maybe become stubborn again.”

ETH $ 4000 Breakout only “a matter of time”

Crypto Mikybull trader pointed A stubborn ETH pattern in longer time frames. Ethereum has been in a triangle growing since 2022, which suggests that it may have a “massive explosion” when the upper resistance, about USD 4,000, will be broken.

Trader said that “longer consolidation leads to a sustainable rally.” Similarly, the Ted Pillow analyst stated that Ethereum maintains its level of support up, which suggests that a breakthrough worth USD 4000 is only a “matter of time”, which can lead to a re -test of all time (ATH).

The analyst pointed to the shift of moods towards the Solana Memecoin ecosystem, which suggests that the Ethereum rotation will soon occur. “Memecoins chains die and people gather on usability chains,” confirmed X.

Other analysts have recently signaled the potential rotation from Sol to Eth, arguing that the SOL/ETH trade pair ended with the last events in the Solana network. In the last incident, Capital turned to Ethereum for the first time in some time and suggests that the “Eth season” may be close.

At the time of writing, Ethereum trades on USD 2631, which is 1% Retrace in weekly time frames.

A distinguished painting with unmplash.com, chart from tradingview.com