Ether Leeum has pushed for more than a pivotal level of prices at a pivotal moment after the explosive rally last week. After $ 2,700, ETH has retreated back and is currently integrating more than $ 2,400. This area has become an important battlefield between the Bulls to confirm the escape and a bear that keeps a deeper correction.
In order to maintain the current strong momentum, Etherrium must retake $ 2,400 or more and restart the $ 2,800 level, which is an area that shows the upper limit of the current integration range. The more than $ 2,800 confirmed brake outs can be found to ignite a wider rally and the beginning of Altseason, which has been waiting for a long time.
In addition to optimistic, Cryptoquant's new data shows that Smart Money is accumulating ETH quickly. This large -scale accumulation suggests that the trust between institutional players and long -term investors is increasing during volatility.
All eyes are now at this level how Ether Lee's reacts. Successful support defense and deployment on the resistance can be set for a strong continuation. However, if you do not maintain more than $ 2,400, you can invite more pressure and delay more strength.
As Bulls defends its main support, Smart Money Back Ethereum
Ether Lee is showing new strength as market sentiment is optimistic in encryption environment. In recent weeks, after more than 50% surge in, ETH has surpassed more than $ 2,400, which is a major support area that both traders and analysts are closely watching. To solidify the optimistic stage and confirm the beginning of a sustainable rally, Bulls must push Ether Leeum to more than $ 2,800. This can cause fresh momentum and potentially return to $ 3,000 to $ 3,200.
Despite positive signs, there is a risk. Ether Leeum decreased by about 36% compared to the maximum of $ 4,100 in December 2024. This difference emphasizes the work of the bull to completely overturn the wider decline. Recently, the pause below the resistance is a natural cooling stage, but if you do not maintain ETH, the weak pressure may come back quickly.
Nevertheless, institutional trust seems to be growing. According to data shared by the top analyst Ali Martinez, Smart Money has accumulated more than 450,000 ETHs last month. The surge in whale accumulation suggests long -term strong prospects because large holders generally buy to position the future upward position at the moment of market integration.
If Bulls succeeds in defending $ 2,400 and breaking through the $ 2,800 ceiling, Ethereum becomes a catalyst for a wider ALTCOIN rally, indicating the beginning of a new Altseason.
Price measures: Main level focus
Ether Lee (ETH) is currently trading about $ 2,493 after failing to maintain more than $ 2,700 momentum. On the four -hour chart, you can see clear rest in the steep rise in early May. After the explosive surge in less than $ 2,000, ETH has been actively gathered, but now it is in the corrective stage where the sales pressure is increased and sales pressure is increased.
The price is approaching $ 2,480 to $ 2,460, which can serve as a short -term support. If the area is broken, the next understanding of understanding is near $ 2,300. The volume decreased slightly during this reversal, suggesting that the seller is not dominant but careful. However, if you do not maintain more than $ 2,400, you can change your emotions and invite a deeper fullback.
The 200-period EMA and SMA on the 4-hour chart are much lower than the current price, indicating that ETH is still optimistic from the trend of the trend, with $ 2,084 and $ 1,936, respectively. This average moving average can act as a dynamic supporter when the correction is strengthened.
Overall, Ether Leeum remains a strong rise, but the current fullback suggests that the integration stage is in progress. The bulls must defend the key level, regain the rising exercise, and cut more than $ 2,700 to aim for the $ 2,800- $ 3,000 range.
DALL-E's main image, TradingView chart
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