As Bitcoin has not checked the brake out of more than a record high, Ether Leeum is currently in the attention of the market. While BTC's momentum is interrupted, Altcoins struggles to expand strength and puts Ethereum in a crucial position. In more than $ 4,400 transactions, ETH is now less than 10% to reach the new record.
The bull is convinced of the continuation of the upward trend. Analysts argue that accumulation tendency and powerful warm -chain are further beneficial. Exchange reserves continue to decrease, while OTC desks have increased liquidity and demand surpasses available supply. This combination is ahead of historically clear upward action.
However, the risk is increasing as the market enters a new stage. As Bitcoin shows weaknesses near the highest point, Ether Lee's separation and pushing ability will be extensively determined by the direction of Altcoin. Some analysts see this as the beginning of a true adventure season, while other analysts warn that if they do not maintain their exercise, they can cause correction.
Ether Lee MVRV ratio signals potential short -term fullback.
According to the top analyst on chain mind, Ether Lee's MVRV ratio is moved to +3σ to +4σ zone, which historically indicates overheating conditions and leads to short -term fullback. This is likely that profit pressure is likely to be between $ 4,600 to $ 5,200, creating an important test for ETH for the next few days.
Despite this danger, Ether Leeum maintains less than 10% of the new all -time high, and many analysts believe that breakouts can still be realized. Some look forward to integration when short -term holders stop profitable, while others see the current setting as the opening of Etherrium, which pushes the present settings decisively beyond the previous best.
Large players treat ETH as investments and strategic assets, and institutional accumulation continues to accelerate. On the other hand, the legal clarity of the main jurisdiction has reduced uncertainty and created a more stable environment for long -term adoption. At the same time, Exchange Supply is steadily decreasing and has reduced signal transitions and potential sales pressure among holders.
Despite the overheated MVRV, if Ether Lee is breaking through the resistance level, it can trigger a strong rally to lead the wider Altcoin market. But if it is dominant to benefit, the withdrawal will not weaken the trend, but will later set the stage for a healthier continuous continuation.
Technical details: Main level to hold
Ether Lee is showing amazing propulsion on the weekly chart, and is currently trading at $ 4,447 after recent score at $ 4,792 in 2021. The price has soared to 50, 100, and 200 weeks moving, and 50 weeks of SMA ($ 2,771) are decisively crossed than long -term average. This adjustment checks the strong strong structure before historically expanded rally.
During this rally, the volume expanded significantly, reflecting the strong demand and conviction of the buyer. The sharp upward momentum of the $ 3,600-$ 3,800 resistance area followed, and the bull shows tightly controlled power. However, Ether Leeum is currently approaching historically important resistance near $ 4,800 to 4,900, where the seller can attempt the upper limit.
If ETH manages a place close to $ 4,800 every week, the route for the freshest ever of $ 5,000 is becoming more and more possible. On the other hand, if you do not exceed the current level, you can restart the sound correction with a support area of $ 4,200-4,000, which is a cushion for 50 weeks.
DALL-E's main image, TradingView chart
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