If Ethereum Holds $2,200 Price Could Recover Fast Analyst Sets Price Target

Ethereum is trading below the $2,300 mark after failing to hold key demand levels last week. The price has faced intense selling pressure, fueling concerns among investors that ETH may not see a strong bull market ahead. Market sentiment remains uncertain as Ethereum struggles to reclaim lost ground, with analysts divided on whether the correction will continue or if a recovery is on the horizon. Related Reading: Whales Add 190,000 Ethereum In The Last 24 Hours The Accumulation Continues A technical perspective suggests that ETH may still have a chance to bounce back. Crypto analyst Ali Martinez shared an analysis on X, noting that if Ethereum holds above the $2,200 level, it could set up for a rebound toward $2,500. Martinez highlights that Ethereum is trading near a crucial support level, which historically has triggered strong upward moves. Bulls must defend the $2,200 mark to prevent further declines, while reclaiming $2,500 would signal strength and a potential trend reversal. However, continued weakness could lead to another wave of selling pressure, pushing ETH even lower. Investors remain cautious as they await confirmation of Ethereums next move in this volatile market. Ethereum Faces A Critical Test Ethereum has been struggling under heavy selling pressure and negative sentiment, leading to extreme speculative activity favoring bearish futures positions. The uncertainty surrounding ETHs price action has fueled doubts about its ability to recover in the short term. Related Reading: Dogecoin Holds Critical Support Level Can Bulls Reclaim $0.25? Since late December, Ethereum has lost 49% of its value, and investor sentiment remains in despair as the price fails to reclaim key resistance levels. Many traders have started to position themselves for further downside, reinforcing the bearish outlook in the market. However, some analysts still believe that Ethereum could soon stage a rapid recovery. Ethereum is approaching a critical inflection point where a decisive move could determine the assets next trend. This perspective aligns with the few optimistic analysts who argue that Ethereums rally, when it starts, will be aggressive. Historically, ETH has exhibited sharp rebounds following prolonged periods of downside pressure, and if the broader market conditions improve, the same could happen again. For now, investors remain cautious, closely watching Ethereums ability to defend the $2,200 support level and looking for signs of renewed strength. Price Struggles Below $2,500 Ethereum is trading at $2,222 after struggling for days to reclaim higher prices. The price has been under intense selling pressure, and investor sentiment remains bearish as ETH fails to establish a strong support zone. ETH bulls lost control last Monday when the price started to decline rapidly, leading to a sharp 26% correction in less than five days. This sell-off wiped out key support levels, leaving Ethereum in a vulnerable position. For Ethereum to regain momentum, bulls must push the price above the $2,500 level. Reclaiming this mark would signal strength and potentially trigger a recovery rally. However, without a strong push from buyers, ETH could remain stuck in a slow consolidation phase below $2,500. This would likely lead to prolonged indecision in the market, making it difficult for traders to establish clear positions. Related Reading: Is Solana In A Macro Trend Move? Charts Show Potential Shift If ETH fails to reclaim $2,500 soon, the market could see continued weakness, with sellers dominating price action. On the other hand, if Ethereum manages to hold above the $2,200 mark and build support, the possibility of a strong rebound remains on the table. The next few days will be crucial as investors watch for signs of a potential trend reversal or further downside movement. Featured image from Dall-E, chart from TradingView

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Altseason At Risk? Expert Believes Ethereum Must Hold $2,600 To Sustain Momentum

Ethereum is trading at crucial demand levels, facing intense selling pressure and struggling to reclaim the $2,800 mark. The recent price action has raised concerns among investors, who are trying to stay calm amid rising volatility but fear that Ethereum could drop further. Related Reading: Are Meme Coins Hurting Solana? Rising Selling Pressure Sparks Investor Concerns The broader crypto market sentiment remains divided, with Ethereum significantly underperforming Bitcoin and failing to build strong bullish momentum. Some analysts believe that ETH is at a make-or-break level, while others argue that a deeper correction is still possible. Top crypto analyst Ali Martinez shared a technical analysis on X, suggesting that altseason could be canceled if Ethereum fails to hold the $2,600 level. Martinez highlights that this price acts as crucial support for ETH and the entire altcoin market. A breakdown below this level could lead to further declines, pushing ETH into lower demand zones and triggering a broader sell-off across altcoins. With Ethereum struggling to regain strength, the next few days will be critical in determining its short-term direction. Bulls must step in and reclaim key levels to avoid further downside, while bears remain in control as long as ETH stays below $2,800. Ethereum Price Testing Crucial Demand Ethereum is trying to push above the $2,700 mark and hold above it to confirm the start of a recovery phase. However, the key resistance levels to reclaim remain between $2,800 and $3,000, which have acted as major supply zones in the past. Bulls are struggling to gain momentum, and Ethereums inability to break through these levels has led to increasing concerns about further downside risks. Related Reading: Ethereum Historical Indicator Flashes Long-Term Buy Signal Is History Repeating? Market analysts believe Ethereums next move will be crucial, as the market expects confirmation in either direction soon. Some analysts argue that Ethereums weakness relative to Bitcoin is a sign that altcoins are losing steam, while others believe that ETH could still have a chance to rally if key levels are reclaimed. Martinez’s analysis states that the alt season will be canceled if Ethereum fails to hold the $2,600 level. This price serves as a long-term demand zone, and losing it would invalidate any bullish momentum across the altcoin market. Martinez explained that Ethereum has historically led altcoin rallies, and its failure to hold key support levels could trigger a broader sell-off in altcoins. Bulls must defend the $2,600 level at all costs to confirm a sustainable rally, as a break below it could trigger a broader market correction. If ETH manages to hold above current levels and reclaim $2,800$3,000, it could signal the start of a bullish recovery. The next few days will be crucial for Ethereums short-term direction. Price Action Details: Key Levels To Watch Ethereum is trading at $2,680 after multiple attempts to reclaim the $2,700 level. Bulls are trying to push the price higher, but selling pressure remains strong, making it difficult for ETH to gain momentum. The next critical resistance level is at $2,800, and a break above this level would signal a potential bullish reversal. If ETH reclaims $2,800 and consolidates above it, a surge toward $3,000 could follow, bringing renewed optimism to the market. However, failure to hold the $2,600 level would be a bearish signal, suggesting that more downside risk is ahead. Losing this key demand level could trigger further selling pressure, leading to a potential drop into lower support zones around $2,400$2,500. Investors are closely monitoring these levels, as Ethereums price action will determine whether a recovery rally can begin or if a deeper correction is in play. Related Reading: Dogecoin Pulls Back To The Golden Ratio Analyst Expects A Bullish Reversal For now, ETH remains range-bound, and a breakout in either direction could define the trend for the coming weeks. Bulls need to step in aggressively to regain control and avoid a prolonged bearish phase. The next few trading sessions will be crucial in determining Ethereums short-term price action. Featured image from Dall-E, chart from TradingView

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Ethereum On-Chain Demand Should Sustain ETH Above $4,000, IntoTheBlock Says

The market intelligence platform IntoTheBlock has revealed how Ethereum has built up strong on-chain demand zones that should keep it afloat above $4,000. Ethereum Has Two Major Support Centers Just Below Current Price In a new post on X, IntoTheBlock has discussed about how the on-chain demand zones for Ethereum are looking right now. Below is the chart shared by the analytics firm that shows the amount of supply that the investors bought at the price ranges near the current spot ETH value. As is visible in the graph, the Ethereum price ranges up ahead have only small dots associated to them, meaning not much of the supply was last purchased at those levels. It’s different for the price ranges below, however, with the $3,772 to $3,892 and $3,892 to $4,011 ranges in particular hosting the cost basis of a significant amount of addresses. In total, the investors purchased 7.2 million ETH (worth almost $28.4 billion at the current exchange rate) at these levels. Related Reading: Solana Struggles Against Bitcoin & Ethereum: Glassnode Explains Why Demand zones are considered important in on-chain analysis due to how investor psychology tends to work out. For any holder, their cost basis is an important level, so they can be more likely to make a move when a retest of it occurs. When this retest occurs from above (that is, the investor was in profit prior to it), the holder might decide to purchase more, thinking that the level would be profitable again in the near future. Similarly, investors who were in loss just before the retest might fear another decline, so they may sell at their break-even. Naturally, these effects don’t matter for the market when only a few investors participate in the buying and selling, but visible fluctuations can appear when a large amount of holders are involved. The aforementioned price ranges satisfy this condition, so it’s possible that Ethereum retesting them would produce a sizeable buying reaction in the market, which would end up providing support to the cryptocurrency. During the past day, Ethereum has seen a slight dip into this region, so it now remains to be seen whether the high demand can push back the coin above $4,000 or not. Related Reading: Bitcoin Top Here? What Historical HODLer Selloff Pattern Says In some other news, the Ethereum Exchange Netflow has been negative since the beginning of this month, as IntoTheBlock has pointed out in another X post. The Exchange Netflow is an on-chain indicator that keeps track of the net amount of Ethereum that’s flowing into or out of the wallets associated with centralized exchanges. “Over 400k ETH have flowed out since December 1st, suggesting a trend of accumulation,” notes the analytics firm. ETH Price At the time of writing, Ethereum is trading around $3,950, up 10% over the last week. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com

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Ethereum Risk-To-Reward Ratio Is Too Good To Pass Up Top Analyst Sets $6,000 Target

Ethereum is trading at a critical demand level following an 11% pullback from recent local highs. This dip has analysts and investors on edge, as losing this level could trigger a wave of aggressive sell-offs, potentially driving ETH prices lower.  Amid this concern, however, prominent analyst Ali Martinez has shared an optimistic technical analysis, highlighting a strong risk-to-reward setup on the Ethereum chart. According to Martinez, the current level offers a compelling entry point, suggesting that Ethereum could see a significant upside if it holds support. Related Reading: Solana Likely To Target $200 If It Holds Current Support What To Expect The timing of this potential rebound is especially noteworthy with the US election tomorrow, an event that could heavily influence broader market sentiment. Many in the crypto community anticipate that election outcomes will set the stage for a new rally, with Ethereum positioned to capitalize if bullish momentum returns.  In the coming days, all eyes will be on whether ETH can defend this demand zone, as its performance could either validate or challenge the prevailing bullish expectations across the market. For now, Ethereums price level remains pivotal, and the market is closely watching for signs of direction amid the election and broader economic uncertainties. Can Ethereum Hold Above Key Demand? Ethereum is trading at a pivotal support level of around $2,450, which many analysts view as a critical last line of defense for bulls. Ethereum could experience a deeper decline if this level fails, potentially putting it at risk of underperforming against competitors like Solana or Bitcoin, which have recently shown more relative strength.  Investors share this concern and are closely watching ETH’s movement as it teeters on the edge of this crucial support. However, top crypto analyst Ali Martinez has presented a more optimistic perspective on X, suggesting that Ethereum may be poised for a significant recovery. In his recent technical analysis, Martinez emphasized that the current risk-to-reward ratio for ETH is highly attractive for a long position, especially for those with a longer-term outlook.  He disclosed that he had set a stop-loss below $1,880a level limiting downside riskwhile targeting an ambitious price of $6,000. This target represents a potential 145% rally from current prices, underlining Martinezs confidence in Ethereums potential upside if it can hold this crucial zone. The next few days, or even hours, could prove decisive for Ethereum as it consolidates at $2,450. To move toward Martinezs target, ETH must build strength and start challenging local highs, signaling buyers are stepping in.  Related Reading: Dogecoin Analyst Reveals Buying Opportunities At Lower Prices Details The upcoming price action will reveal whether Ethereum can revive its bullish momentum or succumb to further downside pressure. For now, the $2,450 support is a critical threshold for ETHs near-term trajectory. ETH Technical Analysis Ethereum (ETH) is trading at $2,450 after a strong rebound following a failed breakdown below the $2,400 mark. This resilience is encouraging for bulls who believe ETH is primed for a significant rally, especially if Bitcoin can break above its all-time high.  However, this crucial support level alone isnt enough to spark a sustained uptrend. Bulls must push the price above the 200-day exponential moving average (EMA), currently at $2,762, to confirm momentum and establish a stronger bullish outlook. The 200-day EMA has acted as a formidable resistance since early August, repeatedly pushing ETHs price down. A breakout above this moving average would indicate a critical shift, potentially turning it into a new support level. This move would set the stage for ETH to challenge higher levels, fueled by renewed buyer confidence and broader market optimism.  Related Reading: Bitcoin On-Chain Indicator Signals Panic Selling At Current Levels Time To HODL? Conversely, if bulls fail to reclaim this EMA, Ethereum may face continued downward pressure, leading to further testing of key supports. For now, ETHs support of around $2,450 keeps hope alive for bulls aiming for a breakout, but reclaiming the 200-day EMA remains essential to fuel the next leg of a bullish rally. Featured image from Dall-E, chart from TradingView

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Ethereum Analyst Predicts $3,700 Once ETH Breaks Through Resistance

Ethereum has been trading at its highest levels since late July, hovering around $3,470. This marks a significant rebound for the second-largest cryptocurrency, which has managed to hold above the crucial 200-day moving average (MA) at $2,965. By maintaining this level, Ethereum confirmed a bullish price structure, paving the way for continued momentum as it approaches its next milestoneyearly highs near $4,000. Top analyst and investor Carl Runefelt recently shared his technical analysis on X, pointing out that Ethereums price action has built a solid foundation for further growth. According to Runefelt, Ethereum is poised for a substantial rally once it breaks above key resistance levels, signaling increased confidence among traders and investors. Related Reading: Bitcoin Realized Profit Hits ATH At $443 Million Local Top Or Continuation? This bullish sentiment is further fueled by Ethereums consistent on-chain activity and growing institutional interest, which continue to support its upward trajectory. However, breaking past $4,000 will require Ethereum to overcome resistance zones that have historically triggered pullbacks. As ETH consolidates gains, market participants are watching closely for signs of the next breakout, which could set the tone for the remainder of the year. Ethereums recent strength underscores its role as a market leader and a bellwether for broader cryptocurrency trends. Ethereum Testing Crucial Supply Ethereum is testing a crucial supply zone just below the $3,500 level, a key resistance that could propel the cryptocurrency to yearly highs in the coming days. This level has become a focal point for traders and investors, as breaking it would likely signal a bullish continuation of Ethereums recent momentum. Top analyst Carl Runefelt recently shared his insights on X, emphasizing the significance of this resistance. According to his technical analysis, once Ethereum breaks through the $3,500 barrier, it could rapidly climb to $3,700, potentially within hours. The market sentiment surrounding Ethereum remains optimistic, with surging demand as a catalyst for further price gains. Ethereums strength at this critical level is also reigniting speculation about a possible Altseason. If ETH continues its upward trajectory and attracts more capital, it could pave the way for other altcoins to follow suit. Historically, Ethereum’s price action has been a leading indicator for broader market movements, and this time appears no different. Related Reading: Bitcoin Rally Benefits From US Buyers Coinbase Premium Gap Reveals Strong Demand As ETH approaches this pivotal moment, all eyes are on its ability to maintain upward momentum. A strong push past $3,500 would confirm the bullish structure and set the stage for Ethereum to dominate market narratives in the weeks ahead. Key Levels To Watch Ethereum is trading at $3,470, hovering below the crucial $3,500 resistance level. This local high has become a key area of focus for traders and analysts, as breaking above it could set the stage for a significant rally. If Ethereum manages to push through this resistance with strength, it could trigger a breakout that propels the price toward $3,900 within days. However, the market remains cautious about the potential risks associated with this pivotal moment. A failed breakout at the $3,500 mark could lead to sideways consolidation as Ethereum seeks stronger buying pressure to resume its upward momentum. In a more bearish scenario, a substantial correction could occur, driving ETH back to lower levels to establish a more solid base of support. Related Reading: XRP Analyst Sets $2 Target If It Holds Key Level Can It Reach Multi-Year Highs? The current price action highlights the importance of this resistance zone. A clean break above $3,500 would likely confirm Ethereum’s bullish structure and reinforce confidence in a continued uptrend.  On the other hand, any hesitation or rejection at this level could signal the need for further consolidation before the next major move. As ETH approaches this critical juncture, the market is closely watching to determine its next direction and the potential implications for the broader crypto landscape. Featured image from Dall-E, chart from TradingView

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Massive Ethereum Buying Spree Taker Buy Volume hits $1.683B In One Hour

Ethereum surged over 10% yesterday, marking an impressive recovery alongside a very bullish day for the entire crypto market. This surge has reignited investor optimism, especially as Ethereum approaches its yearly highs.  Key data from CryptoQuant highlights a significant bullish signal: Ethereum’s Taker Buy Volume hit an astonishing $1.683 billion in a single hourly candle. [...]

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