The price of ethereum is now Closed in a narrow trade range about $ 2,500, and the rush stops despite Free market expectations. In the lightweight of this leading cryptographic analyst, he warns that the current price campaign has no strength needed for powerful movement up, calling for salesmen to be careful. The analyst notes that without a clear groundbreaking signal, the entrance to the market can now expose investors to a potential inheritance risk.
2800 $ Breakout key for the Ethereum Price rally
A novel analysis published on the Social Platform X by the Daan Crypto Trades market expert reveals that the price of Ethereum is still trading in a well -defined price channel, currently maintaining a USD 2,500 at USD 2,527. The analyst emphasized that USD 2800 remains a key point of a breakthrough that can cause Ethereum bull rally.
The market expert shared the chart emphasizing that ETH remains restricted between the “low range” USD 2313 and the highest USD 2,536, with many unsuccessful attempts to break out of this strict structure. The chart also shows that the middle -class level of around USD 2,519 has become a critical control point.
Despite Miniature rally This exceeded the price of Ethereum above USD 2,570 at the beginning of this week, the cryptocurrency was still You can’t keep your movement upSliding below USD 2519, before recovering its current price about USD 2,527. Daan Crypto Trades explains that the reason Leisurely Ethereum performance This is his constant struggle to establish a solid base in the region prices of 2,500 USD. Considering the clear price imbalance in this zone, the analyst advises traders on caution before entering the market.
In this respect, traders can meet Increased price variability and potential fakes, both above and below key levels of support and resistance. Given the unstable market environment, Daan Crypto Trades suggests that until Ethereum accounts and maintains above 2800 USD, probably traders face more actions sideways and unpredictable price fluctuations. A pure breakthrough above $ 2800 can be the key to starting a stubborn trend, improving conditions for ETH and pushing it out of presence Down Trend.
Four -year ETH consolidation sees the end
Mister Crypto also has a market expert common Observations on the current price of Ethereum. The analyst announced in the last post of X that ETH is on the verge of leaving extended long -term consolidation phase. His chart, which visualizes the historical movements of cryptocurrency prices, means two key periods-a 48-fold rally in 2018-2021, and then a four-year scope of horizontal consolidation, which extends to 2021 TOP to this day.
The analysis suggests that this elongated period of movement can be an introduction to a potentially explosive bull trend, similar to a breakthrough noticeable in the past. According to this, Mister Crypto means a huge open label “? The next phase of the breakthrough is inevitable– Although the exact size remains speculative.
A distinguished picture from Getty Images, chart from TradingView.com
