Is ETH strength to rise above $ 2K?

ethereum's price has not yet shown any willingness to recover, since the market has moved sideways during the past week.

However, the current level can start a rebound if the price remains above it.

Technical analysis

By Edrakhshi (TrainingRage)

The daily table

The eth daily chart remains bassist, with the price that fights to stay above the support area of ​​$ 1,900 after a prolonged descending trend. A breakdown of this level could reinforce a greater inconvenience, potentially aimed at the $ 1,600 support zone if the sales pressure persists. The 200 -day mobile average remains well above, located around the $ 2,900 brand, indicating a strong bearish bias.

Meanwhile, the RSI is in the overall territory, which suggests that a short -term rebound could occur. A decisive breakdown above $ 2,000 with a strong volume could change the impulse to $ 2,200, but the inability to do so would probably confirm continuous short -term weakness.

The 4 -hour table

The 4 -hour table shows a rupture of the descending wedge pattern, indicating a possible investment of trends. However, the price action remains trapped around the resistance zone of $ 1,900, with multiple rejections that indicate a lack of a strong bullish impulse.

The RSI is recovering but still below the overcompra conditions, which suggests space for more rise if eth can close above this key resistance area. A confirmed break over $ 2,000 could trigger a demonstration towards $ 2,100- $ 2,200, while the lack of maintenance above $ 1,900 can lead to a new test of the $ 1,800 support level. The confirmation of the volume will be crucial to determine whether this rupture maintains or results in another rejection.

Sail analysis

By Edrakhshi (TrainingRage)

Exchange reserve

The ethereum Exchange reserve table shows a continuous decrease in the amount of eth in exchanges, currently near minimums of several years in around 18.8 million. This suggests a long -term accumulation trend, since there are less tokens available for immediate sale. In general, the decrease in exchange reserves indicate that investors are moving eth a AutoCustody or bets, reducing the possible sale pressure.

Despite the price drop at $ 1,900, the lack of a significant peak in change reserves implies that the sale of panic may not be completely materialized, which supports the idea that long -term holders somehow remain safe. From a technical perspective, eth is in a critical resistance zone about $ 1,900- $ 2,000, and if buyers intervene, supply compression could lead to strong recovery.

However, if the asset cannot claim key levels and worsen the feeling, some eth could return to exchanges, increasing the sales pressure. Observing reserve trends together with the price action will be crucial to determine whether the current bassist trend is close to exhaustion or if a greater inconvenience remains probable.

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