NEWSLETTER
ethereum (eth) has been in a bearish trend since the end of December, facing a significant sales pressure and a negative feeling of the market with respect to its performance this year. Despite bitcoin and other Altcoins that show signs of recovery, eth has struggled to gain impulse, leaving investors questioning whether it will have a lower performance to this cycle.
However, the superior analyst Carl Runefelt shared valuable ideas about x, revealing that historical data suggests that ethereum tends to work very reached in the key phases of the market cycle. While the feeling remains a short -term bassist, Runefelt believes that eth is still prepared for a significant increase if past trends from the market.
The next weeks will be crucial to determine the next important movement of ethereum. If eth can claim key resistance levels, you could reverse your bearish trend and align with the widest bullish impulse seen in the market. However, the lack of traction could see eth continue with its low performance, which leads to more doubts about its role in the rally of this cycle.
With the historical trends that point towards a possible break, all eyes are now in ethereum's ability to recover and confirm an upward trajectory.
February could trigger an ethereum rally
ethereum has fought to gain impulse in recent months, lagging behind bitcoin and many Altcoins. Compared to the previous cycles, eth has remained disappointing, which has led to growing concern that it could continue with a lower performance throughout the year. With several rapid growth altcoins emerging and gaining market participation, some analysts even speculate that the eth position such as the second largest cryptocurrency could be at risk.
Despite the negative feeling, ethereum could approach a key opportunity for investors. Historically, February has been a strong month for eth, often marking the beginning of its parabolic movement in the fourth year of the mid -mid -cycle of bitcoin reduction. If this trend is maintained, eth could be on the verge of a bullish change despite its weak performance so far.
The main analyst Carl Runefelt recently shared an x table that highlights the historical monthly returns of ethereum, revealing that February has been consistently one of the best months of eth in past cycles. If eth follows this historical pattern, he could be preparing for a significant rally, investing his bassist tendency and aligning with the wider upward feeling in the market.
For now, ethereum must leave its bearish structure and claim the key levels of resistance. If you can do it, an important rally could be on the horizon.
ethereum fights $ 3,220
ethereum is quoted at $ 3,220 after lasting days of negative feeling, volatility and uncertainty. Despite bitcoin and other Altcoins that show signs of force, eth has not yet confirmed a reversal of trends, leaving the cautionary investors about their next movement.
To get out of its bearish structure, eth must exceed $ 3,220 and claim key resistance levels that previously acted as strong support for weeks. The critical area to see is $ 3,500, since a break on this brand would confirm the bullish impulse and indicate the beginning of a new upward trend.
However, the lack of retention of current levels could lead to greater downward pressure. If eth falls below $ 3,000, it could trigger a deeper correction, shaking the confidence of investors and extending ethereum's low performance in relation to bitcoin and other main alternatives.
For now, ethereum remains in a crucial consolidation phase, and the next weeks will determine if eth can recover their strength or continue fighting below the key levels of resistance.
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