Ethereum experienced one of the most confused shopping days in its history last Monday, because it fell by more than 30% in less than 24 hours due to the escalation of war fears in the USA. However, the market quickly affected after President Trump announced negotiations with Canada and Mexico, which led to a rapid revival of cryptographic assets.

Despite this reflection, Ethereum remains much weaker than other altcoins, increasing the concerns about how long this worse results last. Investors carefully observe a price campaign because ETH is still trading at historically low levels in relation to Bitcoins and other Altcoins.

The best analyst Carl Runefelt divided the technical analysis into X, revealing that Ethereum is holding a key level of horizontal support on the ETHBTC chart. This suggests that ETH may be at a turning point, with a potential recovery, if Bulls enters. Failure to comply with this level may indicate further declines.

Because Ethereum remains behind peers, the sentiment remains mixed, and market participants are waiting for clear confirmation of the direction of the trend. Will Eth finally start catching up or is there another leg on the table? The next few weeks will be crucial.

Ethereum faces uncertainty after record liquidation

Ethereum fought after one of the most brutal liquidation events in the history of cryptocurrencies, with over 8 billion dollars erased from the market between Sunday night and Monday. Eth was one of the most challenging assets, and the price action looked faint and uncertain compared to bitcoins. This caused concerns among analysts who are afraid that the worse results of Ethereum may last.

However, the best analyst Carl Runefelt remains confident. He provided technical analysis to xrevealing that Ethereum has a key level of horizontal support on the ETHBTC chart of about 0.028. Runefelt believes that if ETH reflects from this level, it can cause a massive parabolic movement, which means the beginning of the long -awaited season.

Ethereum has been behind BTC since the end of 2021, without regaining its domination despite many market rallies. While Bitcoin is still flirting with the ups of all time, ETH remains far from the previous peak, and many traders now ask if Ethereum can regain their strength.

For now, Ethereum remains at the Make-Albo breakthrough level, with key support, but building pressure. If ETH manages to equalize this zone, it can lead to sturdy recovery and moods to the change market. However, the lack of storage of support can mean further flaws before you.

Can Bulls recover the momentum?

Ethereum trads in $ 2780 after testing two critical average moving-200-day average moving at USD 2,482 and 200-day interpretation of an average movable at level $ 2,288. These indicators were key long -term support levels since July 2020, which confirms that the Macro Ethereum trend remains intact despite the recent variability.

In order for Ethereum to reverse the brief -term bear trend, the bulls must recover the 2800 USD mark and keep it as support. This level is a psychological and technical barrier that would signal the renovated strength. Push above $ 3,000 is another critical step, because breaking this resistance would change the sentiment from Bearish to stubborn and cause movement in key supply zones.

If Ethereum does not recover these levels, the market could see another wave of sales pressure, pushing ETH back towards lower demand areas. However, historical trends suggest that when ETH persists above these average walking, it often leads to sturdy rallies.

Investors watch carefully whether Ethereum can recover and restore their stubborn rush. A breakthrough above $ 3,000 would establish a scene for pressing towards a higher level of resistance, potentially leading to a significant rally in the coming months.

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