Main meals:
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Dragonfly Dragonfly Candles Price, which are often seen before the main ETH Bull market cycles.
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ETH re -testing the long -term equivalent support area preceded by its historical gathering for the year 2017.
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MVRV Z-ScoRe has entered the accumulated area, indicating a lack of advanced value.
The original code for ethereum, ether (EthA group of technical and UNCHENS signals once flashing in the early stages of Bull Run for the year 2017, a session that achieved more than 25,000 %.
Dragonfly Doji ETH Bulls recovering control
The ether rarely rarely Duji fabrics Candlessick on its monthly scheme, the same structure that has previously brought up a 25,000 % previously brought together during the 2017 bull cycle.
This style is confirmed when the price prints a long long tail, not mentioned to the upper fabric, and closes at the opening level or near it.
On the monthly graph of the ether, the candlestick reflects the acute rejection within the month for low prices, indicating that the bulls began to restore control after the extended downward trend.
In December 2016, Ethereum Dragonfly Doji formed a similar monthly before it erupted from less than $ 6 to more than $ 1,400 in more than a year. The same pattern was seen, with a smaller rise, in 2021 and 2023, where ETH gained more than 80 % and 145 %, respectively.
If the bulls confirm the signal that may be opened vigorously, especially above the highest level in April about 1950 dollars, the ETHEREUM can be prepared in another multiple, multiple gathering, Starting from the first running about 2100 dollars.
Ethereum tests the long -term equivalent support, as in 2017
Chartist Merlijn Trader points To ethereum re -testing its long -term equivalent support, (the green zone in the graph below) that has been constantly worked as Launchpad for New Uptrends.
“In every session, this region leads to a reflection – this time it does not differ,” he wrote in his book X on April 30, adding:
“Now what can be the most exciting gathering in Ethereum so far.”
In early 2017, ETH also wore the exactly equivalent line of the equivalent trend during the initial hacking phase. Support the ETH line throughout that year, providing vertical action to 1400 dollars from about 6 dollars.
Related to: Ethereum “ETHEREUM” indicates that the price of ETH is less valuable: Sincerity Report
The current re -test in 2025 mirrors that start, indicating that a periodic pattern may be repeated.
Onchain data refers to ETH feelings similar to the ICO era
Ethereum MVRV Z-SCOREThe main Onchain scale used to determine the market tops and prices, to re -enter the historical accumulation area (the green range in the plan below), which strengthened the argument that may have found the bottom of the cycle.
In the previous sessions, the MVRV Z from ETAREUM decreased in this green zone in late 2018, March 2020, and in the middle of 2012. All these declines coincided with the market bottoms and caused multiple to multi -year marches.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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