Ethereum (ETH) is struggling with USD 2,200, and bulls are not able to recover higher prices despite many attempts. Market sentiments remain bears, because ETH still faces sales pressure even after Thursday’s strategic announcement of the Bitcoin reserve in the USA, which many expected to boost general confidence in the cryptocurrency sector.

As ETH rises near the critical level of demand, analysts believe that the next week it will be of key importance to determining its miniature -term direction. If Bulls can defend key support zones, Ethereum may have a chance to recover the shoot. However, the lack of storage of these levels can lead to further inheritance pressure.

The best analyst Carl Runefelt divided the technical analysis into X, emphasizing that Ethereum breaks out of the pattern, which often signals potential breakthrough. If ETH follows this configuration, it can push to a higher resistance zone and recover key price levels above USD 2,500. However, confirmation of this breakthrough is needed because the market volatility remains high.

Ethereum Bulls hope to recover

Ethereum suffered a piercing decline, losing over 50% of his value from the end of December, causing fear and panic on the market. Once a leader in previous bulls cycles, Eth is now trying to recover the momentum, leading many analysts to the question whether this year will take place the long -awaited Altsason season. Because Ethereum and most Altcoins are not able to regain stubborn structures, the market remains under the control of the bear, keeping investors carefully.

Despite the negative moods, there is still hope for recovery, because Ethereum is approaching key technical levels that can determine its next movement. Runefelt comments Reveal that Eth is broken over the falling pattern of the triangle, a configuration that often signals the reversal of the trend. However, confirmation is of key importance, because many earlier pimples have turned into false, stopping traders in further inheritance movements.

In order for Ethereum to strengthen a stubborn breakthrough, it must move above and close above $ 2300. This level is a key resistance zone, and transferring it to support would indicate the renovated purchase force, potentially opening the door in the direction of 2,500 USD and higher prices.

Until this is confirmed, Ethereum is exposed to further declines if the sellers regain control. Traders and investors watch carefully whether ETH can maintain their attempt to break down, or whether she will have to go to another rejection, expanding their bears to the coming weeks.

Key levels for watching

Ethereum is currently trading above the level of support worth $ 2,000, which is the key last defense line for Bulls, aimed at good results this year. Maintaining this level is necessary because a failure below USD 2000 can cause a further minus, strengthening the bears on the market.

Despite this, Bulls fought to recover higher prices, leaving investors frustrated by the lack of ETH rush. The last price actions were agitated and undecided, and each attempt to break down quickly met with sales pressure. This maintained ETH in sincere, preventing a clear change in market moods.

However, a decisive recovery of USD 2,40 can mean a turning point. If Eth pushes above and maintains this level, it would probably open the door to the transition in the direction of $ 2,500, strengthening the matter of the recovery rally. Until then, traders are careful because the Ethereum fight for grip is still burdened with a wider Altcoin market.

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