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Ethereum is under pressure after it has not broken above $ 1,874 on May 1, which now works as a stiff resistance. When the wider cryptocurrency market begins to heat up, Ethereum remains miniature -circuit, without depriving the pace of confirmation of the breakthrough. Currently, trading slightly above USD 1800, ETH is at a critical level in which bulls must enter to defend the structure and exceed the higher price.
Despite several attempts, Ethereum was unable to determine the dazzling direction, and market participants become cautious. The assets have still fallen by more than 55% compared to the December maximas, which reflects the extended period of weakness compared to other main cryptocurrencies. Without sturdy pushing by the resistance, Ethereum risks further.
The best cryptographic investor Michael Van de Poppe recently shared a technical analysis suggesting that Ethereum is still in the accumulation phase. According to Van de Poppe, ETH shows signs of strength and accumulation compared to BTC in the background, but requires confirmation by the decisive breakthrough above the current levels. Until then, Ethereum remains associated with the range and susceptible to variability. With the arrival of market moods and the main moves, the coming days will be crucial for miniature -term ETH perspectives.
Accumulation Ethereum: ETH/BTC Tips for inevitable movement
Ethereum is still struggling below the $ 2,000, without regaining the key level of resistance despite the wider heating of market activity. While ETH/USD remains non -directional and still trades over 55% below the December peaks, a closer look at the ETH/BTC chart reveals something more constructive brewing under the surface.
Van de Poppe recently shared an analysis emphasizing the clear accumulation structure forming in Parie Eth/BTC. After months of a consistent minus, the chart shows that Ethereum breaks out of the falling wedge and consolidates to the tight range just below the critical resistance at 0.0195 BTC. According to Van de Poppe, this is a classic accumulation pattern, signaling that Ethereum can prepare for a significant breakthrough in relation to Bitcoins.
The chart also emphasizes the key demand zone of about 0.0184 BTC – ETH has repeatedly maintained the area. As long as this level persists, Van de Poppe believes that Ethereum can still grind up higher and ultimately remove fluidity above resistance. A successful breakthrough can mean the beginning of ethereum exceeding bitcoins, a trend often observed during the Altcoin expansion phase on the bull market.
However, there is a risk. Macroeconomic uncertainty, especially surrounding US-China tensions, still has a gigantic impact on the wider market. For now, the case of Ethereum growth depends on the storage of current support and the resistance cleaning 0.0195 BTC. If it succeeds, this accumulation can become the basis of a sturdy rally.
ETH prices are consolidated in the strict range
Ethereum currently has USD 1,795.79 after a slight rejection of 1,874 USD of local achievement on May 1. Daily Chart shows consolidation of ETH within the strict range after its reflection from April next 1,500 USD. However, despite this stabilization, ETH remains well below both the 200-day straight movable medium (SMA) at USD 2,709.54, as well as the 200-day interpretation of the average movable (EMA) to 2,437.55 USD-according to the fact that a wider trend is still bear.
While Bulls managed to prevent further minus, Ethereum has not yet broken out of long -term abandonment. Failure to comply $ 2000 as support still limits the stubborn rush, and the volume remained miniature during the last price actions, which shows the lack of a conviction both on buyers and sellers.
The structure is currently conducive to accumulation, but ETH must definitely pristine the resistance area of USD 1,875-2010 to change moods and confirm the reversal of trends. If he does not do this, the risk of retreating to the support zone in the amount of USD 1650–1700 increases.
In general, Ethereum is at a key stage. The longer it consolidates below the main movable average, the more likely it is that the market remains careful. A breakthrough above USD 2000 can cause a renovated plus and signal a wider market strength.
Recommended photo from Dall-E, Tradingview chart
