Ethereum has experienced a huge decline, losing more than 27% of its value in less than five days, because the market is in the face of extreme fear and uncertainty. A quick sale fueled speculation that there may be bears on the horizon, and many analysts call for further decline in the coming months.

However, despite the overwhelming bear, there is still a chance to recover Ethereum, because the price is currently testing the key level of demand. If Bulls manages to maintain this area, ETH can organize a mighty reflection and move the rush back in favor of buyers.

The best Bigcheds analyst shared the technical analysis on the subject of X, noting that ETH again takes into account the critical monthly level of demand, which can define another crucial Ethereum movement. Historically, price reactions at this level led to a mighty reflection or further surrender, thanks to which the current market conditions are a key moment for the Ethereum long -term trajectory.

The next few days will be crucial because Ethereum is trying to stabilize and recover key price levels. If the buyers enter aggressively, ETH can start the recovery rally, but the lack of support can lead to further inheritance risk.

Ethereum fights below $ 2,200

Ethereum trads below USD 2,200, fighting to recover the momentum after a sedate market correction. The Altcoin sector is still bleeding, and ETH has currently lost almost 50% of its value since reaching USD 4,100 in mid -December. Bulls face a critical test because they must defend key demand levels to prevent further sales pressure and attract mighty interest in purchases.

The situation is very unstable, and market moods change towards extreme fear. Investors are afraid that Ethereum may continue the decline if the bulls do not support support and do not initiate significant recovery. Many analysts remain careful, warning that ETH can enter the extended phase of consolidation if they do not regain the lost group.

Bigched’s Insights on X They emphasize that Ethereum again displays a key demand zone of a high time of around $ 2,000. According to CHEDS, this is a necessary level-the operation of this zone can cause a deeper correction, while mighty defense can pave the way to a potential recovery rally.

The next few days will be crucial for Ethereum. If Bulls manages to recover USD 2,200 and press at USD 2,500, there may be reversal. However, the lack of maintenance of $ 2,000 caused a decrease in ETH, potentially testing lower demand zones in the coming weeks.

The demand for price tests – can bulls recover control?

Ethereum trades after USD 2120 after lasting days of huge sales pressure, which has exceeded the price to the lowest level for months. ETH currently maintains a higher level of demand of a high time around $ 2,000, which is a key zone that should be defended to avoid further decline. However, the sentiment remains brittle, and if Ethereum does not maintain this level, it can cause a dramatic sale leading to even lower prices.

Bulls face an urgent challenge to regain control over the price. The level of USD 2200 now acts as the first key resistance, and the breakthrough above this sign would be the first step towards stabilization. In addition, ETH must exceed USD 2,500 as soon as possible to confirm the potential reversal of the trend and signal the beginning of the recovery rally.

If the bulls do not keep support of $ 2,000, Ethereum may face increased volatility and a violent decline, potentially testing lower demand zones. The next few trade sessions will be of key importance, because the ETH ability to remain above key levels will determine whether the market stabilizes, whether it will enter the deeper phase of correction in the coming weeks.

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