The latest rebound pulled the Ethereum price above the application area greater than $ 2,600. Meanwhile, fresh sale should bring the levels back to the beach in a short time. In articles where bitcoin is struggling to exceed $ 97,000, Solana above $ 200, Litecoin above $ 125 and cardano above $ 0.8, Ethereum is also ready to test Lower ranges because he cannot secure $ 2,800? Or will the price of the ETH bounce back, decoupling the market trend as the Binancecoin price did by exceeding $ 700?
Although the ETH price rally has been consolidated in a narrow range since the beginning of the month, the growth trajectory should soon be attending a major change. The token has been a popular investment option since its creation and, therefore, despite several refusals, the price should maintain a strong upward trend. Interestingly, the main movements of whales have been recorded lately, which suggests that a potential break could be on the horizon.
In a recent update, a whale has bought more than $ 100 million in ETH token in recent weeks, which has increased the probability of an increased break.
Before this accumulation, 21Shares had deposited an ETH ETH spot and the milestone of Eth also approaches. On the other hand, World Liberty Financial of Trump has loaded more ETH in the last 24 hours, due to which traders seem to have become optimistic about the next price action. However, the price failed to recover $ 3,000 after several upward attempts, which has exhausted confidence in the token. Therefore, a climb above the beach can bring confidence and here is when the token can rise above the beach.
Ethereum price analysis (ETH)
The long -term price action suggests that the price of the ETH is negotiated under the bullish influence while the ascending trend line, which was strong support, was well defended. The current weekly candle seems to be a bruise Doji candle with an almost equal bullish and bearish pressure. Now that the price has tried to exceed the request zone between $ 2568 and $ 2,733 and enter the resistance between $ 2764 and $ 2856, a small push could attract notable liquidity.
As we can see in the graph above, the price of the ETH has rebounded lower ascending support, and as the techniques have become optimistic, a bullish reversal seems to be on the horizon. The RSI overturned while the levels of the Ichimoku cloud, which was about to undergo a lower crossover, should display a bullish reversal, which could push the higher price. Therefore, the Ethereum price is ready for a healthy ascending trend below.
Statistically, February was one of the best months for Ethereum, because the price has always closed the profession on a bullish note. Therefore, the Ethereum (ETH) prices rally can reach $ 3,000 once it increases and secures above the local resistance area.
