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Ethereum has experienced a huge drop, losing over 27% of its value in less than five days since the market has to face extreme fear and uncertainty. The rapid Sell-off has fueled the speculation that a bears market could be on the horizon, with many analysts asking for a further disadvantage in the coming months.
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However, despite the overwhelming bearish feeling, there is still the possibility that Ethereum recovers since the price is now testing a level of crucial demand. If the bulls manage to retain this area, Eth could stage a strong rebound and move the momentum to buyers.
The best Bigcheds analysts have shared a technical analysis on X, observing that ETH is re -approaching a level of critical monthly question, which could define the next important move of Ethereum. Historically, prices reactions at this level led to a strong rebound or further capitulation, making the current market conditions a fundamental moment for the long -term trajectory of Ethereum.
The next few days will be crucial since Ethereum tries to stabilize and recover the key levels of prices. If buyers pass aggressively, Eth could start a recovery rally, but the failure to maintain the support can lead to further reduction risks.
Ethereum struggles below $ 2,200
Ethereum is exchanged below $ 2,200, struggling to resume the momentum after a serious correction at the market level. The Altcoin sector continues to bleed and ETH has lost almost 50% of its value since it reached the peak at $ 4,100 in mid -December. Bulls face a critical test as they have to defend the levels of key demand to prevent further sales pressure and attract a strong purchase interest.
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The situation is highly volatile, with the feeling of the market that moves towards extreme fear. Investors fear that Ethereum can continue its decline if the bulls cannot support support and start a significant recovery. Many analysts remain cautious, warning that Eth could enter a prolonged consolidation phase if it cannot regain lost land.
Bigched’s intuitions on X highlight that Ethereum is now bringing a high -quality key area closer to approximately $ 2,000. According to the Cheds, this is a level not to be missed: losing this area could trigger a deeper correction, while a strong defense could open the way for a potential recovery rally.
The next few days will be crucial for Ethereum. If the bulls manage to recover $ 2,200 and push around $ 2,500, an inversion may take place. However, the non -maintenance of $ 2,000 could further see Eth fall, potentially testing areas of lower demand in the coming weeks.
Price test request: can bulls resume control?
Ethereum is exchanged at $ 2,120 after lasting days of enormous sales pressure that pushed the price to its lowest level in the months. The ETH is currently in the hands of a level of demand for high quality bodies of about $ 2,000, a crucial area that must be defended to avoid a further disadvantage. However, the feeling remains fragile and if Ethereum cannot hold this level, it could trigger a dramatic sale that leads to even lower prices.
Bulls face an urgent challenge to resume control of prices. The $ 2,200 level now acts from first resistance to the key and a breakout above this brand would be the first step towards stabilization. In addition, ETH must push above $ 2,500 as soon as possible to confirm a potential reversal to the trend and report the beginning of a recovery gathering.
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If the bulls are unable to hold $ 2,000 support, Ethereum could face greater volatility and a strong decline, potentially testing areas of lower demand. The next trading sessions will be fundamental, since ETH’s ability to remain above the key levels will determine whether the market will stabilize or enter a deeper correction phase in the coming weeks.
First floor image from Dall-E, TradingView chart