Over 1.9 million Ethereum set between 1 457 to USD 1598 – can Bulls have support?

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Ethereum trads above USD 1,500 after a week of increased variability and continued global commercial uncertainty. Macroeconomic tensions – driven by tariffs, changing policy and weakened moods of investors – still weigh in cryptographic markets. Despite the recent reflection, the price of Ethereum still indicates a broader inheritance factor, and the bulls are fighting to regain key levels of resistance that could cause a significant recovery.

However, there are signs of potential strength. If Bullom manages to move ETH above the immediate resistance zone, there may be a stubborn change of momentum. Market observers strictly monitor the levels of costs to determine where robust demand can come back.

According to data from Glassnode, the distribution of the cost of Ethereum costs reveals three key price clusters that can shape a compact -term effect. Among them, the level of USD 1546 stands out as the most significant, of 822 440 ETH previously accumulated in this respect. A successful suspension or breaking over this zone can be a solid basis for greater recovery.

For now, Ethereum perspectives remain carefully neutral, and bulls must recover higher levels to change sentiments and challenge a broader decline.

Ethereum basic basic levels can define the price

Ethereum has lost over 50% of its value from the beginning of February, preparing a scene for a challenging but potentially key recovery phase. After months of high sales pressure, ETH now trades slightly above USD 1500, a zone that can serve as a stepping stone if the stubborn shoots are built. While the wider market has shown signs of recovery, the disappointing price -price Ethereum continues to test investors’ patience. Despite this, analysts believe that the recovery rally is possible, especially if macroeconomic moods are improved.

Indefinite global commercial tensions, current tariff battles and changes in foreign policy in the USA still inject variability to financial markets. These factors suppressed the demand for risk assets such as Ethereum, but some believe that they can be the worst.

Data in the Glassnode chain It offers a more detailed look at the compact -term Ethereum prospects. According to the analysis of the distribution of costs, three price clusters will probably shape the nearest ETH price. Earlier, around $ 1,457, around USD 408,000 were accumulated. At USD 1546, over 822,000 ETH sits, which makes it one of the most critical levels. Finally, around 725,000 ETH was obtained around USD 1598.

Ethereum cost distribution data Source: Glassnode on X
Ethereum cost distribution data Source: Glassnode on x

These clusters reflect areas with high chain activity and are expected to act as a support or resistance zones during the current price consolidation phase. Breaking above USD 1,600 can cause a more significant movement in the direction of USD 1800 and more. For now, the price of Ethereum remains related to the range, but market participants carefully observe these levels in terms of signs of decisive change.

ETH faces key resistance when the bulls are fighting to recover the rush

Ethereum is currently $ 1,580 after it did not break above the resistance level of 1700 USD, signaling that the stubborn rush remains feeble. Despite the compact recovery after the last minima, Eth tried to regain a higher level, and the key levels of resistance still burden the price.

ETH trade below $ 1600 | Source: Ethusdt Chart on TradingView
ETH trade below $ 1600 | Source: Ethusdt chart on TradingView

In order for Bulls to confirm the beginning of the real recovery phase, Ethereum must exceed the 4-hour 200 mA and EMA, both suspended around USD 1820. The decisive traffic above these indicators would indicate renewed market trust and open the door to get emphasized on critical demand levels by around $ 2,000.

However, there is a risk of further decline. If Ethereum loses the level of support of USD 1500, pressure for sale can accelerate, potentially increasing the price below 1,400 USD. This zone served as a key level at the beginning of 2023 and can be tested if the shoots are built.

Thanks to macroeconomic uncertainty and commercial tensions, investors remain careful in the narrative. Several subsequent trade sessions will be of key importance for ETH, because it floats between potential recovery and the threat of a renewed decline. Traders should observe volume jumps and reactions around $ 1,700 and USD 1,500 zones to assess the next move.

Recommended photo from Dall-E, Tradingview chart

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