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ethereum faced a brutal capitulation event on Sunday, falling more than 30% in less than 24 hours as panic throughout the market seized. The dramatic sale of the sale was fed by the growing fears of a commercial war of the United States, sending shock waves through cryptographic space and causing bitcoin and major alternatives to decrease significantly. eth, who had been fighting to claim key levels, saw a strong decrease, shaking the confidence of investors and generating concerns about their long -term trend.
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The superior analyst Ali Martínez shared a technical analysis, revealing that ethereum is forming a long -term head and shoulder pattern. According to Martínez, eth must be maintained above the crucial level of $ 2,700 to maintain its upward structure and avoid deeper correction. A breakdown below this level could trigger an extended bearish phase, further delaying the possible eth rally towards the new maximums.
With volatility at extreme levels and uncertainty that dominates the market, the next ethereum movement will be critical. If bulls manage to defend key support, eth could organize a strong recovery, but the failure of retention could lead to even more inconvenient. As investors evaluate the damage of the accident of this weekend, all eyes remain in themselves eth can stabilize and recover the impulse in the next few days.
ethereum faces a key challenge
Yesterday, the cryptographic market witnessed the largest liquidation event in its history, with more than $ 2 billion annihilated in just a few hours. Fear has taken over, and investors are preparing for extreme volatility this week as the US market reacts to the increase in commercial war tensions. With the uncertainty that dominates the landscape, ethereum has been one of the most impacted assets, throwing a significant portion of its value as the sale of panic intensifies.
The price of ethereum collapsed more than 37% since last Friday, marking one of its strongest decreases in recent years. The dramatic recession has led analysts to question whether eth can maintain their long -term upward structure or if a deeper correction is imminent.
The best cryptographic expert Ali Martínez shared a <a target="_blank" href="https://x.com/ali_charts/status/1886352428477391317″ target=”_blank” rel=”nofollow”>Technical Analysis in xrevealing that ethereum seems to be forming a long -term head and shoulder pattern. If this pattern is confirmed, eth must be maintained above the critical brand of $ 2,700 to keep its upward structure intact. Losing this level could trigger a sale of a deeper sale, which potentially pushes prices towards lower demand areas before any recovery occurs.
However, if the Bulls successfully defend this crucial support, ethereum could still have the opportunity to recover the lost land and aim at its long -term objective of $ 7,000. The next few days will be fundamental to determining eth's trajectory as merchants evaluate whether it is a temporary shaking or the beginning of a prolonged downward trend.
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As macroeconomic fears and commercial war tensions continue to influence market conditions, ethereum's price action will be a key indicator of the broader feeling of investors. This week will probably establish the tone for the eth movement in the coming months, so it is a decisive time for the second largest cryptocurrency.
Details of the price action: key levels to see
ethereum (eth) is currently traded at $ 2,595 after an extremely volatile Sunday that saw its price to take off up to $ 2,150. The drastic fall has left bulls in a precarious position, since eth has lost all main support levels and is now looking for a demand to stabilize.
With the feeling shaken from the market and dominant of fear, eth must be kept above the mark of $ 2,600 in the next few days to have a recovery opportunity. However, after such a massive liquidation event, recovering a bullish impulse can take time, and the probability of a greater inconvenience remains high. Merchants and investors are closely observing key levels while ethereum struggles to find their balance.
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If eth manages to recover the level of $ 2,800 and exceed $ 3,000, trust could return to the market, indicating the first steps of a recovery. Until then, uncertainty remains the dominant force, and the potential of another leg cannot be ruled out. The next few days will be crucial to determine if ethereum can recover or if it will continue its decrease towards lower support levels.
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