What follows for ETH after 10% weekly decrease? Ethereum Price Analysis

ethereum is trying a recovery after bouncing from the $ 1,800 area, but the price remains trapped below the key resistance, and the widest trend is still bassist. The short -term impulse has improved slightly, but the Upside continuation remains uncertain.

Technical analysis

By Edrakhshi

The daily table

The daily table shows that eth is stabilized around the $ 1,900 area after a strong rejection of the $ 2,200 zone at the end of March. The asset remains well below the 200 -day mobile average, which continues to incline down around the region of $ 2,800, confirming the structure of the bearish market at the macro level.

The most recent rebound has brought the price to the $ 1,900 resistance zone, but buyers have not yet shown a strong follow -up. The RSI is also recovering from oversized levels, which suggests short -term relief, but there is no bullish divergence or impulse breakup to support a sustainable trend investment. A decisive daily closure above $ 1,950– $ 2,000 would be the first sign that buyers are recovering control.

The 4 -hour table

Within 4 hours, eth is quoted within a horizontal consolidation pattern, with the lower limit of $ 1,800 and the highest near the region of $ 2,200. After the recent liquidation, the price recovered in the supply zone of $ 1,900, but faced immediate resistance and is now withdrawing slightly.

In addition, RSI reached almost overloaded conditions during the rebound and is now cooling, indicating a possible consolidation or other reestima of the $ 1,800 area. If eth does not break above the highest limit of the pattern, another leg down to sweep the liquidity of $ 1,780– $ 1,750 becomes more likely. However, a rupture confirmed above $ 2,200 would invalidate the pattern and suggest a short -term bullish reversal.

Feelings analysis

By Edrakhshi (TrainingRage)

Exchange reserve

ethereum's Exchange reserve has continued its downt trend of several months, now reaching a new minimum of around 18.3 million eth on commercial platforms. This persistent decrease suggests that long -term holders and institutions are moving active to storage or cold bets, reducing the immediate sales pressure.

Despite the action of the bearish price, the offer of exchanges is not increasing, which has historically acted as an upward divergence when accompanied by investment structures. Low reserves can act as a supply restriction once the demand emerges again, but for now, the lack of bullish impulse means that this trend in the chain is of support, not decisive.

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