NEWSLETTER
ethereum (eth) has increased from $ 3,050 to $ 3,400 in less than three days, lighting a new optimism among investors who believe that eth is prepared for significant profits this year. After weeks of uncertainty and sales pressure, ethereum's last price action has renewed the upward feeling, with analysts who predict more rise.
The key metrics in the Intotheblock chain admit this perspective, revealing that ethereum has an average maintenance time of 2.4 years, indicating a strong confidence of long -term holders. These data suggest that despite short -term volatility, ethereum investors are still compromised, reinforcing the idea that eth could see a sustained rally as market conditions improve.
With the construction of bullish impulse, all eyes are now at critical levels of resistance, which, if broken, could push ethereum towards maximum of several months. However, investors are still cautious, since ethereum still needs to claim their previous maximums of all time to completely confirm a new upward phase. The next weeks will be crucial to determine if eth can maintain its upward trend and overcome the broader market in 2024.
ethereum faces uncertainty, but LTH shows confidence
ethereum has been in a persistent bearish tendency since the end of December, and its price fell more than 28% of the high local $ 4,100. Compared to bitcoin's performance, eth has disappointed investors, which leads to the speculation that 2024 could be another “bad year” for the second largest cryptocurrency.
Despite these concerns, <a target="_blank" href="https://x.com/intotheblock/status/1885328001845305538″ target=”_blank” rel=”noopener nofollow”>Data in the poetheblock chain It suggests a different perspective. The metrics reveal that the average retention time of ethereum is 2.4 years, highlighting a strong confidence of the long -term holders. This indicates that despite current price struggles, eth investors continue to accumulate and maintain, anticipate future profits.
However, ethereum's growth potential seems to be tempered since layer 2 (L2S) solutions and alternative layers of layer 1 (L1) continue to fragment attention and adoption. The newer investors and developers are exploring competitors, which leads to the lack of new short -term participants in the eth network. This change has created uncertainty about whether eth can maintain its dominant position in the Altcoin space.
The next few weeks will be crucial for eth, since historically it has been a bullish month for the asset. If ethereum can claim key levels of resistance and attract a new demand, an investment could be on the horizon, offering renewed investors confidence in their long -term potential.
eth price perspective: key levels to see
ethereum (eth) is currently traded at $ 3,320 after a volatile Friday that saw the increase in prices to $ 3,448 before returning over $ 3,300. Despite the changes in prices, eth looks strong and prepared to get out of its bassist tendency.
If the Bulls can be kept above the $ 3,300 brand and exceed $ 3,500 over the weekend, eth could enter a mass demonstration towards the level of $ 4,000. This would indicate a reversal of trends, attracting a new demand and the revival trust of investors.
However, the risk of greater consolidation or even a correction remains. If eth fails to maintain current support levels, it could lead to greater sale pressure, which supports the price to test lower demand areas. Losing the $ 3,200 mark would indicate weakness, which potentially delayed the ethereum's bullish rupture.
For now, eth remains at a critical situation, with investors, observing closely if the bulls can maintain the impulse and claim the key levels of resistance. The price of the weekend will be essential to determine the next ethereum main movement, establishing the tone for the coming weeks.
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