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Crypto Ethereum

Ethereum at Risk of Double-Digit Declines As Rekindled Trade War Fears and Tariff Threats Cause Market Correction

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  • May 24, 2025
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Ethereum (ETH) is hard-pressed following President Trump’s rekindled tariff threats against the European Union and Apple, which prompted a market correction, sending ETH 3% lower to roughly $2,540. Although robust buying demand from US spot Ether ETFs and whales has thus far halted a complete bearish breakdown, Ethereum faces severe double-digit losses if it drops below the pivotal $2,500 support level. The recent price retreat is a reflection of a volatility shock due to concerns over trade wars rather than an inversion in market structure. But missing to hold major technical supports would see ETH fall back into the $2,100–$2,260 area, cooling its recovery momentum. KEY LOOKOUTS • Ethereum needs to hold above the $2,500 mark to prevent triggering major selling pressure and possible double-digit losses. • Breaking above this range is critical for ETH to get back into its uptrend and re-establish bullish momentum. • Fresh trade war concerns may boost volatility and selling pressure and impact ETH’s near-term price action. • Ongoing firm buying from giant holders and US spot Ether ETFs can play a key role in support against further sell-offs. H Ethereum’s near-term price action depends on maintaining the key $2,500 support level, as a fall below this would instigate heavy selling and propel the price toward the $2,100–$2,260 territory. On the long side, breaking above the resistance area of $2,750–$2,850 is key in reviving bullish pressure. Market sentiment is still weak in the face of renewed threats of tariffs from President Trump, which have revived concerns about a trade war and increased volatility. Nonetheless, robust purchasing power from whales and consistent flows into US spot Ether ETFs could potentially buffer Ethereum from steeper falls in the near future. Ethereum needs to stay above $2,500 to prevent further losses, with resistance at $2,750-$2,850 available for a reversal. Fears of renewed trade wars are adding to market volatility but continued whale support and ETF inflows can be the savior. • Ethereum (ETH) price fell 3% after President Trump threatened tariffs against the EU and Apple. • The $2,500 mark is a key support; breaking below it can result in double-digit declines. • Resistance is at $2,750-$2,850, which ETH needs to break above in order to pick up where it left off with its uptrend. • Fears of a renewed trade war have fueled market volatility and bearish sentiment. • Recent sell-offs have not destroyed the overall bullish market structure yet. • Whale investors and US spot Ether ETFs are displaying strong buying interest, acting as support. • Short-term technical indicators such as the MACD and Stochastic Oscillator indicate rising bearish momentum. Ethereum’s price has suffered after a fresh round of trade tensions reignited by President Trump’s threat of new tariffs on the European Union and Apple. The news has left the market in doubt, with investors playing it safe and sparking a wider sell-off among cryptocurrencies. This aside, Ethereum has been insulated by robust institutional investor interest from players such as big holders and US-based Ether ETFs, which provide a degree of stability amidst the chaos. ETHEREUM DAILY PRICE CHART CHART SOURCE: TradingView Ethereum’s outlook today is largely contingent on the direction of global trade tensions over the next few days. The crypto market may come under added pressure if risk-reassessment by investors continues to be fueled by apprehension of rising tariffs. Yet, continued support from top-tier investors and growing usage of Ethereum’s network and associated financial products could help the asset survive this bout of uncertainty. In summary, Ethereum is still a major player in the digital asset universe, but outside economic forces will have an impact on its short-term path. TECHNICAL ANALYSIS Ethereum is testing all-important support levels at $2,500, which are an important line in the sand for avert further losses. The price has recently encountered resistance at the $2,750 to $2,850 area, where selling pressure has invariably grown as investor break-even levels. Momentum indicators are weakening, with bearish indications that argue that recent correction may continue. But having strong dynamic supports like the 50-period moving average and ascending trendlines may keep losses in check, provided buying interest from large holders continues. A clean break below these supports would probably set the stage for deeper losses, but an effective bounce could indicate the resumption of the larger uptrend. FORECAST Ethereum manages to maintain above the key $2,500 support and breaks over the $2,750 to $2,850 resistance zone, it would indicate a fresh bullish momentum. Solid institutional investor inflows and sustained demand from large Ether holders could power the price even higher, potentially moving ETH to former highs. A break over this level would pull in additional buyers, supporting the rebound and paving the way for additional advances in the near term. Conversely, a breakdown below the $2,500 support level would invite selling pressure, sending Ethereum into a more severe correction mode. This would see it fall towards the $2,100 to $2,260 levels, marking double-digit losses from the current prices. New fears of trade wars and heightened market volatility can aggravate the risks of further declines, especially once investor mood turns negative. In this case, technical supports and buyers’ interest would be challenged, with scope for more weakness until confidence comes back.

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Crypto Ethereum

Ethereum Price Flirts with Collapse as Whale Dump Creates Bearish Pressure at Pivotal $1,500 Support

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  • April 12, 2025
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The price of Ethereum has fallen back to approximately $1,540 after eliminating most of its tariff pause gains, as whale action and general market uncertainty create renewed selling pressure. Whales have dumped huge sums of ETH within the last 24 hours, taking whale balances to a five-month low and creating bearish sentiment. With bulls and bears in an impasse on the all-important $1,500 support zone, technical indications are that a risk of continued downside unless broad buying interest surges is emerging. The next few days shall prove critical to Ethereum, where a breach through this support opens up a gate to a broader correction into the $1,100 region. KEY LOOKOUTS • Ethereum is trading precariously near the $1,500 support level; a breach could lead to a steep fall to the $1,100 zone, visiting levels from the 2022 crypto crashes. • Large Ethereum whales have been unloading significant holdings, pushing their combined balance to a five-month low — an open invitation of risk aversion among large investors. • RSI, Stochastic, and MACD all point to growing bearish pressure, calling for additional declines unless bulls retake control above the downtrending channel. • Persistent global economic issues and the Trump administration’s tariff policy remain a drag on investor sentiment, constraining Ethereum’s potential to recover. The recent price behavior of Ethereum underscores several key factors investors need to monitor closely. The $1,500 level of support is under intense pressure, and a breakdown below it might initiate a more significant correction towards the $1,100 zone — which has traditionally been a very solid support zone. On-chain information indicates a sharp decline in whale holdings, indicating large-scale profit-taking and increased risk aversion among large investors. Technical indicators such as RSI, Stochastic, and MACD are signaling bearish momentum, which supports the possibility of further downside. Meanwhile, increased macroeconomic uncertainty, driven by persistent tariff talks and risk-off sentiment, keeps Ethereum’s potential for recovery dampened. Ethereum is finding it hard to maintain the important $1,500 level of support in the face of whale sell-offs and bearish technical indications influencing price action. A breach here may instigate a further correction towards the $1,100 levels. Macro uncertainty and losing bullish momentum put the market under tension. •  Ethereum wiped out recent gains and is currently trading at approximately $1,540, weighed down by whale-led sell-offs. •  Whale wallets have dropped their ETH holdings to a five-month low, indicating a shift in bearish sentiment. •   One major whale sold 10,702 ETH at $1,576 after remaining inactive for two years, contributing to the selling pressure. •  Ethereum is probing its crucial $1,500 support area — a determinative range for short-term direction. •  Technicals such as RSI, Stochastic, and MACD indicate building bearish momentum. •  A breakdown below $1,522–$1,500 would push ETH downwards towards the $1,100 area, a historical support area. •  Continued macro uncertainty and tariff-related risks still constrain Ethereum’s recovery and encourage market caution. Ethereum is once more under pressure with the shift of market sentiment with recent global developments. Following an initial optimism sparked by the recent halt of U.S. tariffs, faith started to dissipate, particularly when some of the largest Ethereum holders — the so-called whales — started selling a huge amount of ETH. Their unexpected selling behavior has sparked fears of the market’s stability since it tends to be an indicator of a shift in investor mentality. The crypto world now waits with bated breath to see how the market responds to these actions, particularly as uncertainty regarding international trade policy persists. ETHEREUM DAILY PRICE CHART CHART SOURCE: TradingView Meanwhile, Ethereum’s position as a top blockchain platform is not weakened by short-term investor responses. The network still draws developers, companies, and consumers who believe in its future role in fueling decentralized apps, NFTs, and DeFi. While the market can fluctuate with outside news and investor sentiment, Ethereum’s position in future digital finance is still considered very relevant. TECHNICAL ANALYSIS Ethereum is demonstrating increased weakening as it labors to maintain above pivotal levels of support. Recent price moves indicate bearish strength in increasing, with oscillators such as the Relative Strength Index (RSI) showing oversold signs, and the Moving Average Convergence Divergence (MACD) showing signs of ongoing decline. The price is moving in a decreasing channel currently and, unless the bulls can breach the upper barrier, there will always be chances of it plummeting further. Traders closely observe the area around $1,500 because maintaining this point could initiate short-term recovery but breaking below would pave the way for more serious losses. FORECAST If Ethereum is able to stay above the key $1,500 support level, then there is high likelihood of short-term recovery. A rebound from this area would drive ETH towards the $1,680 to $1,800 region that has served as resistance over the past few months. Optimism may also re-emerge if macroeconomic trends stabilize or new buying interest from retail and institutional investors increases. A breakout at $1,800 would be a bullish sign for buyers, and it could trigger a new bullish trend. On the flip side, not holding the $1,500 support level might push Ethereum deeper into a correction. If pressure to sell intensifies, the next significant price area to observe is between $1,100 and $1,000 — a level that stood strong amidst the steep plunges of 2022. Ongoing whale distribution, unfavorable global news, or poor investor sentiment might push this further downward, leaving Ethereum stuck in a bearish pattern until fresh drivers come along.

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Crypto Ethereum

Ethereum’s Slippery Slope: DeFi Sector is in Grave Danger if ETH Dips to $1,000

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  • March 15, 2025
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Ethereum, the backbone of the decentralized finance (DeFi) sector, is in a delicate situation as its price is having difficulty holding above important levels of support. Currently sitting at levels of around $1,920, ETH’s inability to break the $2,200 barrier could see the asset plummet further down to $1,500 — and perhaps even $1,000, a level experts fear will destroy much of the DeFi space. Such lows might lead to gigantic liquidations, decreased liquidity, a sudden plummet in Total Value Locked (TVL), and dwindling investor confidence. As pressure from regulators gathers and DeFi comes under increasing scrutiny for enabling recent high-profile hacks, Ethereum’s price path has far-reaching implications for decentralized finance’s future. KEY LOOKOUTS • ETH will need to take back $2,200 or risk further selling; failure would see it accelerate toward the very important $1,500 support level. • Liquidity in DeFi space is threatened by the possibility of a deeper ETH correction that will lower TVL and suppress user interest on decentralized platforms. • $1,000 ETH stands as a fear point that can initiate en masse liquidations, investor exit, and drastic setbacks for innovation within the DeFi ecosystem. • Regulatory oversight is heating up, particularly following ETH-related hacks, that may result in sanctions, delistings of protocols, and lawsuits against DeFi developers. Ethereum’s recent price instability has triggered real fears throughout the DeFi world, with analysts cautioning against a looming crisis if ETH dips to $1,000. Such a sharp fall would trigger huge liquidations, a sudden drop in Total Value Locked (TVL), and a sharp decrease in investor activity and trust. With Ethereum struggling to climb back above the $2,200 resistance zone, the potential for further bearishness to $1,500 or worse is still intact. Adding fuel to the fire, DeFi is also in increasing regulatory jeopardy, particularly following its infrastructure reportedly being used to launder stolen crypto from a recent high-profile hack. The weeks ahead will tell if Ethereum will be able to regain its stride or pull the DeFi ecosystem into further chaos. Ethereum’s price woes continue to represent a serious risk to the DeFi ecosystem. A decline to $1,000 would induce huge liquidations and destroy investor sentiment. Increasing regulatory pressure also mounts the pressure, so ETH’s recovery above $2,200 is vital to market health. • Ethereum’s price currently floats around $1,920, with resistance at $2,200 and an important support point at $1,500. • A fall to $1,000 would hit the DeFi market hard, initiating huge liquidations and lower investor confidence. • DeFi Total Value Locked (TVL) has already dropped by 40%, reflecting decreasing liquidity and market engagement. • Experts predict that ETH’s fall would slow DeFi growth since low prices may deter new investment and innovation in the industry. • Regulatory pressure against DeFi is increasing, after its application in concealing the stolen ETH in the Bybit hack. • Social sentiment towards “buy-the-dip” and “bottom” is rising, reflecting some retail optimism at the $1,800–$1,900 level. • Technical gauges such as RSI and Stochastic Oscillator reflect bearish momentum, unless ETH decisively breaks out above the $2,200 level. Ethereum’s position as the foundation of the decentralized finance (DeFi) space puts it at the forefront of innovation and risk. As the main platform underpinning thousands of DeFi applications, any volatility in Ethereum’s ecosystem has a direct impact on the overall landscape. There are concerns among experts that if Ethereum suffers a sharp fall, it would create a ripple effect—lowering confidence in DeFi, slowing down user adoption, and diminishing liquidity across platforms. The confidence in DeFi relies not only on innovation but also on the resilience and stability of Ethereum as its foundation. ETHEREUM Daily Price Chart Chart Source: TradingView Compounding to the fear is the recent backlash DeFi has attracted due to its involvement in enabling illicit fund flows, like those associated with the Bybit hack. Critics suggest that while decentralization fosters freedom and autonomy, it also creates avenues for abuse without defined accountability. With regulators starting to look at the DeFi space more intensely, the industry can struggle to reconcile innovation with regulation. The future of decentralized finance thus depends not just on technological progress but on establishing trust, transparency, and responsible practices in the ecosystem. TECHNICAL ANALYSIS Ethereum is going through a consolidation period, failing to overcome major resistance levels. Indications point to slight upward pressure, with price action locked within a specified rectangular pattern. In spite of sporadic bullish efforts, the market mood is still guarded, and an inability to create a strong breakout might indicate additional downside threat. Support levels near $1,750 are proving to be resilient, but the absence of persistent buying pressure is likely to keep any meaningful relief in check. Traders are keenly observing for a firm move above resistance to validate a change in trend and rebuild bullish sentiment in the market. FORECAST The price outlook for Ethereum is unclear as it fails to hold its ground in the midst of market volatility. A possible breakout move upward can be catalyzed if ETH is able to cross above the $2,200 resistance point, indicating renewed investor appetite and higher buying pressure. If this is the case, Ethereum would be able to regain higher grounds, drawing new liquidity into the market and potentially advancing to $2,500 or higher. Higher adoption, favorable regulatory changes, and better sentiment in the overall crypto space could also add to a bull run. Alternatively, the bearish scenario is still a possibility, particularly if Ethereum cannot continue holding at its present levels. A breakdown below the $1,750 support level may trigger more selling pressure, with the next pivotal level being $1,500. Below this level, Ethereum could experience a prolonged slide towards $1,000, a level experts say will cause widespread liquidations and further deplete the DeFi sector. External influences like regulatory crackdowns, macroeconomic turmoil, or bearish sentiment in the crypto space may accelerate the downtrend, making a robust recovery difficult.

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Crypto Ethereum

Ethereum Price Runs into Heavy Resistance as $1.8 Billion Shorts Stop Bull Run

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  • March 4, 2025
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Ethereum price action has been on a rollercoaster ride, shooting 15% up to $2,550 following Trump adding ETH to the US Crypto Strategic Reserve, only to drop 16% to $2,100 as speculators scrambled to take profits. Short sellers have taken over despite bullish sentiments from the Ethereum Foundation’s leadership change, using $1.8 billion in leverage to reinforce bearish control. While ETH falters under critical resistance of $2,400 and technicals reflect weak buying pressure, the market is in suspense. A move above $2,489 would rekindle bullish pressure, but until that happens, ETH has a bruising battle against the bears. KEY LOOKOUTS • With $1.8 billion in shorts, sellers have established robust resistance at $2,400, keeping Ethereum from resuming bullish pressure. • The hiring of Hsiao-Wei Wang and Tomasz Stańczak as co-executive directors may impact long-term market sentiment and project development. • Short-term speculators aggressively booked profits following Trump’s crypto announcement, causing a steep sell-off that halted ETH’s bullish rally at $2,550. • A breakout above the Keltner Channel midline at $2,489 may change momentum, indicating fresh bullish activity with a target towards $2,912. The price action of Ethereum has been highly volatile in recent times, plummeting sharply by 16% to $2,100 after a short 15% rise to $2,550 on the heels of Trump’s approval of ETH in the U.S. Crypto Strategic Reserve. Though the leadership reorganization at the Ethereum Foundation fueled hopes, short-term traders quickly took profits, leaving bearish momentum to reign supreme. With $1.8 billion worth of short positions creating a robust resistance at $2,400, ETH is stuck in a consolidation phase. If the buying pressure cannot recapture the midline resistance level of $2,489, Ethereum may see further losses, testing lower support levels of $2,066. Ethereum’s price experienced a steep 16% decline to $2,100 after it briefly surged to $2,550 after Trump’s endorsement and the Ethereum Foundation’s leadership change. With $1.8 billion in short positions providing stiff resistance at $2,400, bearish control continues to pressure the market. A breakout above $2,489 would indicate a possible rebound, but until then, ETH is susceptible to further losses. • Ethereum jumped 15% to $2,550 before dropping 16% to $2,100 as short-term speculators took profits. • ETH was included in the U.S. Crypto Strategic Reserve, improving sentiment before profit-taking led to a sell-off. • Hsiao-Wei Wang and Tomasz Stańczak being appointed as co-executive directors may impact long-term growth. • Bears accumulated 55% dominance, building solid resistance at $2,400 and curbing bullish momentum. • ETH lingers below the midline of the Keltner Channel, confining potential for an instant rebound. • In the event of continued selling pressure, Ethereum may test the lower limit of major support levels. • Breaking above $2,489 may initiate a rally towards $2,912, while further losses are possible under bear pressure. The market outlook for Ethereum is currently influenced by major events beyond price action. Ex-U.S. President Donald Trump’s declaration of a Crypto Strategic Reserve has put Ethereum in the limelight together with Bitcoin and other prominent digital currencies. The step is an indicator of increasing political acceptability of digital currencies, which could ultimately lead to increased adoption. Further, the leadership change at the Ethereum Foundation, with Hsiao-Wei Wang and Tomasz Stańczak becoming co-executive directors, has thrown open discussions regarding the network’s future. Their governance is to introduce new ideas to Ethereum development, solving past issues and guiding the network toward long-term development. ETHEREUM Daily Price Chart Chart Source: TradingView In addition to changes in governance, Ethereum remains at the forefront of the blockchain universe, driving decentralized applications (dApps), smart contracts, and DeFi and NFT innovation. As regulatory talks surrounding crypto continue to unfold, Ethereum’s participation in government-sponsored projects would enhance its legitimacy and place within mainstream finance. Yet, market sentiment is still divided as investors wait for more information on how these developments will influence Ethereum’s long-term future. With fresh leadership and greater institutional investment, Ethereum is at a pivotal crossroads that could determine its place in the decentralized technology of the future. TECHNICAL ANALYSIS Ethereum technicals show consolidation with high resistance around the $2,400 mark owing to heavy short interest. The Accumulation/Distribution (A/D) line depicts diminishing buying sentiment, indicating the possibility of outflows. The Keltner Channel (KC) midline at $2,489 represents a major area of resistance, and a long-term move through this point could signal a restart of bullish vigor. In case of sustained downtrend pressure, $2,066 is an important area of support. Having 55% superiority in short positions, bear sentiment is still predominant, and hence it is extremely important for the bulls to recover the key resistance levels to alter market momentum. FORECAST Ethereum may breach the $2,400 resistance mark, paving the way for a possible rally to $2,489. An extended move over this level will reflect renewed bull sentiment, and ETH can go for the $2,912 mark in future sessions. Positive market catalysts, including additional institutional adoption or positive regulatory advancements, may solidify an upward trend. Also, if the Ethereum Foundation’s leadership overhaul instills confidence in investors, it might support a long-term bull trend. Conversely, if selling remains persistent, Ethereum might find itself unable to sustain existing support levels. A drop below $2,100 can trigger a retest of the $2,066 support level, with lower losses possibly exposing ETH to deeper corrections. With $1.8 billion worth of short positions, bears already have a big advantage, pushing ETH into a period of consolidation. Unless market sentiment turns bullish and capital inflows resume, Ethereum could experience extended price stagnation or lower plunges before trying to rebound.

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Bearish Momentum Takes Over: Will Ethereum Recover from the $2,200 Support?

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  • March 1, 2025
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Ethereum (ETH) is experiencing great bearish pressure as whales and long-term holders dump their coins, leading to a massive increase in exchange reserves. With more than 620K ETH dumped in the last five days and exchange deposits well above 500K ETH, bearish pressure has forced prices to battle around the $2,200 support level. Technical indicators such as the RSI and MACD validate strong bearish momentum, with a possible fall to $1,500 if selling continues. The oversold Stochastic Oscillator, however, suggests a possible bounce if ETH can retake key resistance levels. KEY LOOKOUTS • More than 620K ETH sold in five days, mounting bearish pressure and indicating possible further drops in Ethereum’s price. • More than 500K ETH sent to exchanges after February 21, indicating increased selling pressure and a potential test of lower support levels. • RSI and MACD still below neutral, showing ongoing bearish momentum, while the oversold Stochastic Oscillator suggests a potential short-term bounce. • Ethereum struggles at $2,200; inability to hold could send prices lower to $1,500, while a close above $2,850 would negate bearish trends. Ethereum (ETH) comes under increased bear pressure as whales and long-term holders dump enormous quantities of ETH, increasing exchange reserves by more than 500K ETH. Fighting to maintain the $2,200 level of support, ETH stands at the risk of declining to $1,500 in case selling prevails. Technical indicators such as RSI and MACD show strong bear momentum, but an oversold Stochastic Oscillator indicates the likelihood of a short-term recovery. A break above $2,850 would change sentiment to bullish, but for now, traders take a cautious stance with continued sell-offs and uncertainty in the markets. Ethereum finds it difficult to defend the $2,200 level as whales and long-term holders increase selling pressure. A descent to $1,500 cannot be ruled out unless bullish strength returns. • More than 620K ETH sold in five days, which increases bearish momentum and pushes prices towards support levels. • More than 500K ETH sent to exchanges after February 21, reflecting heightened selling pressure and market wariness. • Ethereum struggles to maintain this key support level, with threats of a possible fall to $1,500 if bearish pressure persists. • ETH experienced $231.69 million in 24-hour futures liquidations, with long positions suffering heavy losses. • RSI and MACD still below neutral, affirming strong selling pressure and absence of near-term bullish signals. • Stochastic Oscillator in oversold region indicates potential recovery if market mood changes. • A weekly close above the level may negate the bearish scenario and revive bullish forces for Ethereum. Ethereum is experiencing a considerable change in market dynamics since massive investors such as whales and long-term holders are subjecting it to heavy selling pressure. This trend is responsible for the significant increase in exchange reserves, which means more ETH is being transferred to places where it is traded or liquidated. More institutional and retail investors participating in selling is also an indication that there is a shift in sentiment, with many deciding to lock in profits or reduce potential losses. These kinds of movements show the changing face of Ethereum’s market, with investor psychology and external economic pressures at play. ETHEREUM Daily Price Chart Chart Source: TradingView Amid these shifts, the Ethereum ecosystem continues to evolve, with ongoing developments aimed at strengthening its network and community engagement. The Ethereum Foundation recently introduced the Silviculture Society, an initiative designed to amplify the voices of builders and core community members. This experimental effort reflects Ethereum’s commitment to decentralization and innovation, ensuring that key contributors have a say in its future direction. As the market goes through these changes, Ethereum is still at the forefront of blockchain innovation and continues to be relevant in this increasingly competitive market. TECHNICAL ANALYSIS The technical indicators of Ethereum point to the continuation of bearish momentum as price action fails to sustain key support levels. The RSI (Relative Strength Index) is still below its neutral level, reflecting ongoing selling pressure, while the MACD (Moving Average Convergence Divergence) indicates a lack of strong bullish momentum. Besides that, the rise in dormant circulation and falling coin age mean that long-term holders are redeploying their holdings, which contributes to market volatility. But the Stochastic Oscillator is well into the oversold territory and indicates a possible near-term rally if the buying recovers. A convincing close above $2,850 could quash the bearish scenario and inspire renewed optimism among bulls. FORECAST Ethereum remains poised for a recovery if sentiment in the market switches in favor of the buyers. The oversold nature as determined by the Stochastic Oscillator also means that ETH may experience short-term recovery as sellers seek to buy in. Moreover, any positive macroeconomic news, clarifications in regulations, or institutional activity could propel renewed upward momentum. If Ethereum can break through significant resistance levels, especially the $2,850 level, it may resume its upward trend and move towards new highs. Greater adoption of Ethereum’s blockchain technology and innovation in the ecosystem, including scalability enhancements and institutional deals, may also support long-term growth. To the downside, Ethereum is still at risk of further drops if whales and long-term holders continue to apply selling pressure. The increase in exchange reserves indicates that additional ETH is being placed for possible liquidation, which can dampen upward momentum. If Ethereum cannot maintain the $2,200 support level, it can continue to lose, potentially testing the $1,500 level. Overall economic conditions, such as inflation fears and worldwide market uncertainty, may also influence investor sentiment, causing extended bearishness. Also, any hiccups or delays in Ethereum’s network updates or regulatory issues would put more downward pressure on the market.

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