Despite a volatile in the past two weeks, driven by Donald Trump’s proposed commercial prices and the January 2025 inflation data higher than the United States, Ethereum (ETH) successfully defended the request zone of 2380 $ to $ 2,460. Analysts now envisage potential movement around $ 3,000 for digital assets.
Ethereum defends the key demand zone in the midst of volatility
According to an X job By Crypto Ali Martinez analyst, ETH has managed to maintain the critical application area from $ 2,380 to $ 2,460. In the absence of major offers to come, cryptocurrency could be on the right track to reach the price of $ 3,000.
For the uninitiated, a demand area in trading is a price area where the purchase of pressure is clearly solid, often leading to price reversals or upward movements. It is identified by an action of historical prices, where demand previously exceeded supply, which increases prices.
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Crypto Trader Daan Crypto Trades actions A similar perspective on the recent quantity of Ethereum prices. According to the trader, while ETH remained above the level of $ 2,500, the key obstacle to overcome is the price level of $ 2,800. They noted:
The key level of continuation, and for me to say that this correction is over, it would be a recovery of this level of $ 2.8,000. Flipe the structure of the market locally and was at a high level of the high period during this cycle.
From a technical point of view, his other crypto merlijn trader the trader highlighted The formation of a “double manual” on the 5 -day Ethereum table. They also pointed out that the multi -year trend line of ETH remains intact, suggesting that the price structure is started for an ascending escape.
Similarly, Crypto Rover, an influencer of experienced crypto, identified a potential training in Triple Foundation on the weekly graphic Ethereum. If this model takes place, the level of resistance of $ 4,000 will be a crucial barrier so that ETH breaks before you can try a new top of all time (ATH).
Et is it about to surprise the market?
Price performance lower than Ethereum average in the past year have drawn significant attention to the cryptography market. Compared to peers like Solana (soil), XRP and Su, ETH has failed to provide substantial yields to its holders since it reached its current ATH of $ 4,878 in November 2021.
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This dull The performances have fueled an unprecedented level of lower feeling around the ETH. A recent report revealed that short ETH positions have jumped 500% since November, highlighting the conclusion of the active investors’ confidence.
However, this excessive lowered feeling could prepare the ground for a surprise move. If ETH manages to trigger short pressure, this could force the liquidation of many short positions, supplying a net of net increase. At the time of the press, ETH is negotiated at $ 2,740, up 4.1% in the last 24 hours.
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