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ethereum is negotiating above the key level of $ 2,000 after spending several volatile weeks trying to claim it. Since the end of February, eth has fallen more than 38%, triggering generalized panic as the price broke below the important support and submerged briefly below $ 1,800. The decline caused fears of a prolonged descending trend, and many questioned if ethereum had entered a bearish market.
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However, the feeling is beginning to change. Investors now look for signs of recovery as eth stabilizes and re -tests important levels. A growing number of analysts believes that recent volatility may have been a final shake before a new upward trend.
Ted Ted pillows shared ideas about x, suggesting that ethereum may be concluding their “manipulation phase.” This phase generally presents an erratic price action designed to exhaust bulls and bears before the market is committed to a clear direction. If the phase ends soon, ethereum could recover significantly in the coming weeks.
As eth looms about $ 2,000, the next sessions will be crucial to determine if the bulls can maintain the impulse or if it is coming down.
ethereum bulls face a test as the expansion phase is coming
ethereum shows early signs of strength, since it looms just above the critical brand of $ 2,000, a level that has acted as a psychological and technical battlefield for weeks. The bulls are being called to the action as the broader market begins to stabilize, with an eth price action hinting at a potential recovery. However, the situation remains fragile, with a dominant uncertainty of feeling and a clear trend was not yet established.
Speculation is divided between those that anticipate a deeper correction and other bets to a large -scale recovery. For now, ethereum remains in reach, and any attempt at rupture must be backed by a strong conviction to change the impulse. Bulls must defend the level of $ 2,000 and start aiming at areas of greater resistance to cause confidence in a sustained upward trend.
<a target="_blank" href="https://x.com/TedPillows/status/1904187651994890493″ target=”_blank” rel=”nofollow”>Pillows declared that ethereum It is likely that what he calls the “manipulation phase”, a confusing and price movement designed to exhaust buyers and vendors. According to the pillows, this phase is over, and ethereum's expansion time is about to begin.
A rupture confirmed above the level of $ 2,200 would be the catalyst for a new expansion cycle, which could send eth to a higher territory in the coming weeks. Until then, the price action will continue to be sensitive, with the next crucial sessions when deciding the trajectory of ethereum.
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But bulls face key resistance ahead
ethereum is currently quoted at $ 2,070 after claiming the level of $ 2,000, a crucial psychological and technical zone that had acted as resistance in recent weeks. This movement marks an important step for bulls that are now trying to solidify the impulse and avoid below. However, the real test is advanced, since eth must claim the level of $ 2,250 to start a true recovery phase.
The $ 2,250 brand is aligned with previous areas of a great commercial activity and could act as the launch platform for a broader upward trend if the bulls manage to turn it in support. The successful account of this level would probably attract a new demand and restored investor confidence, especially after the asset showed more than 38% of its value since the end of February.
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Despite short -term optimism, the downward risks remain. If ethereum does not remain above $ 2,000, the market could experience a renewed sales pressure, potentially pushing eth towards the support level of $ 1,800. Such a fall would reinforce the bearish feeling and delay any possible recovery rally.
For now, merchants are watching closely to see if ethereum can take advantage of their current strength and recover higher levels in the sessions that are coming.
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