ETHEREUM (ETH) faced renewed pressure on the negative side of the late trading, as it decreased to less than the level of $ 2500, as the volume of sale and the greater risk morale has increased. World trade tensions and the renewal of the risks of American tariffs led to risk elimination flows, as digital assets increasingly reflect traditional markets in their reaction to geopolitical uncertainty.
The data on the series revealed large flows of central exchanges-the most prominent of which are 385000 ETH to Binance-Ding to speculate that institutional players may be positions. Although ETH has modestly recovered to trading about $ 2550, market monitors are closely monitoring whether buyers can defend this level or if the other leg is imminent.
It highlights technical analysis
- ETH was trading within a range of $ 48.61 (1.95 %) between $ 2,551.09 and $ 2,499.09.
- The price movement formed a bullish upward channel before the collapse in the last hour.
- Heavy sales appeared near $ 2550, with profit reaping accelerating a sharp reflection.
- ETH fell from $ 2,521.35 to $ 2,499.09 between 01:53 and 01:54, with a joint size exceeding 48000 ETH in two minutes.
- The size was normalized after a short period, and the price is a little bit, as it was combined around the range 2,504 – 2,508 dollars.
- The level of $ 2,500 now works as temporary support, although the momentum is still fragile with the distribution marks that are still clear in modern size patterns.
External references
publish_date
