ETHER (ETH) may be ready to run the bull like the price mirrors at the bottom of August

Ether (EthThe price movement reflects a pattern seen during the early August, which hints to the renewed bull in the foreground.

The ether has faced a 32 % decrease, as it decreased to $ 2770 since mid -December and dramatically left his biggest rival, Bitcoin (BTC). The fluctuation reached new horizons on Monday when the prices fell to nearly $ 2000 in many stock exchanges, only to apostasy to $ 2700 on the same day, the largest swing for one day since September 2021.

The dramatic procedure in two directions has led to an increase in trading folders on platforms such as Coinbase (COIN) and BITSTAP, as their levels have not been seen since August.

The rise in size means that pressure mostly reached its peak at the beginning of the week, leaving fewer potential sellers on the market. This can help stabilize prices, which is likely to be the road to gathering.

This is exactly the pattern that was observed on August 5, when the low ETH reached about 2100 dollars in the work of the two -ways on the back of high sizes. The cryptocurrency settled in a range of $ 2,200 -2800 dollars for a few weeks, which stormed a new upward trend later witnessing the price of 4100 dollars.

Let’s see whether history repeats itself.

The request during DIP on Monday supports the upscale issue.

“I refer to a strong demand that is not on the prescription on ETH, which is especially noticed amid a broker around a box that explodes amid weekend fluctuations,” Jake Ostrovskis, a Crypto Market that Tuesday dealer at COYPTO MARKTO Tuesday.

In addition, the Eter ETH ETFS listed in the United States recorded $ 420 million in net flows this week, according to Farside investors. This is approximately 13 % of the total flow of $ 3.18 billion since its establishment.

If this is not enough, it is the spread of a large bull call on the Deribit this week, including a long position in the 3 $ 3500 call option and a short position in the call option of $ 5,000, as it ends on December 26, 2025. The strategy aims to profit from A march to $ 5,000 and higher by the end of the year.