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ethereum (eth) faces a significant sales pressure, quoting below the $ 1,900 brand as market uncertainty continues to weigh on the price action. After losing the critical level of $ 2,000, eth fell as low as $ 1,750, marking its lowest point since October 2023. Bulls are now under pressure, since they must defend the current demand zone to avoid a greater disadvantage and restore investors confidence.
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Market conditions are still fragile, with ethereum struggling to find a strong purchase interest. If the Bulls do not maintain current support levels, eth could see more decreases, which adds to the bearish feeling that has dominated the market in recent weeks.
The data in the Cryptoquant chain reveal that ethereum's net volume remains at a low level, indicating that the sale pressure remains strong. This suggests that market participants are inclined to lower, with more orders for sale than purchase orders that dominate the ethereum price action.
With the eth trade in a vulnerable position, the next few days will be crucial. If bulls can stabilize the price and push eth over $ 1,900, a potential recovery could begin. However, if the sale pressure persists, ethereum can continue with its downward trend, testing lower support levels in the coming weeks.
ethereum faces strong sales pressure
ethereum has lost more than 57% of its value, creating an extremely difficult environment for bulls since the market remains in a downward trend. Currently, eth is quoted below a support level of several years, which has now become a strong resistance zone. As eth struggles to separate above the range of $ 1,900– $ 2,000, the bearish trend continues, and bulls cannot recover the impulse.
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The entire cryptographic market has suffered a collapse, reflecting the weakness in the United States stock market, as the fears of the global commercial war and the growing uncertainty about the policies of the president of the United States, shake the confidence of investors. From the US elections in November 2024, macroeconomic volatility and uncertainty have been the dominant forces in the lowest driving markets. Without a clear resolution in sight, investors are still cautious, since the US stock market has reached its lowest levels since September 2024.
Main analyst <a target="_blank" href="https://x.com/QuintenFrancois/status/1900095496909140338″ target=”_blank” rel=”nofollow”>Quinten Francois shared data on xrevealing that ethereum's net volume is in historical minimums, indicating intense sales pressure. This indicates that sellers continue to dominate the market, preventing eth from organizing any significant recovery. Until buyers intervene with a strong demand, eth can remain stuck in a bearish phase, with a higher downward risk if the key support levels fail.
With ethereum fighting below the critical resistance and pressure sales pressure, the next weeks will be fundamental to determine if eth can stabilize or if the market will see more losses. If bulls cannot recover the lost terrain, ethereum could face even deeper corrections in the short term.
eth stayed in the range while the bulls fight to claim $ 2,000
ethereum is currently quoted at $ 1,880, the remaining range range between $ 1,750 and $ 1,950 since last Monday. This adjusted commercial range has maintained eth in a consolidation phase, without neither bulls nor bears winning total price action.
For ethereum to begin a recovery rally, bulls must push the price above $ 2,000 as soon as possible. A rupture and a closure above this psychological level would indicate a renewed purchase impulse, allowing eth to potentially try higher resistance levels. However, ethereum remains in a fragile position, since the sale pressure continues to weigh on the market.
If eth does not maintain its current levels and breaks below $ 1,750, it could result in a constant continuation of the bearish trend, with greater downward risks that arise. Bears would probably go to lower support areas, extending the bearish phase and delaying any possibility of sustained recovery.
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With the uncertainty even dominating the market, merchants are watching closely if ethereum can get out of this range or if it will extend its decline, following the feeling of broader risk of the market. The next commercial sessions will be critical for eth short -term management.
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