Ethereum (ETH) in the crypto currency market $1,920.32It moves close to the critical support point determined at $ 1,440. Analysts warn that the decline trend may accelerate if it goes below this level. The weakness of increasing transfers and technical indicators in the market makes investors uneasy. On the other hand, the diamond formation, which is interpreted as a positive signal in ETH price, draws attention. Experts emphasize that price movements to be experienced in the coming days will be decisive for market dynamics.
The prominent support level for Ethereum and the risks of decrease
2.060 dollars, which is the real value value of Ethereum, is considered an important reference point in technical analysis. However, crypto currency is currently traded below this level. The support of $ 1,440 as support increases concerns that if the price loses this level, it may decrease to $ 1,250. Analysts such as Ali Martinez pointed out that the MVRV (Market Value to Realized Value) indicator gives weak signals.
The low transaction volume and the cautious attitude of investors throughout the market make it difficult for Ethereum to recover in the short term. In particular, the increasing closure of below $ 1,440 is seen as a factor that can trigger sales pressure. The uncertainty in technical indicators shows that investors should emphasize risk management.
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Large transfers and market dynamics
In the last 24 hours, Amber Group’s transfer of 20,000 ETH (about 29 million dollars) has led to concerns in the crypto currency market. Such large -scale movements are usually interpreted as sales preparation. Lookonchain data, the transfer in question is made to the leading stocks and pointing to the increase in liquidity, he says. This brings the risk of extra fluctuation in the price of Ethereum in the short term.
The movements of major investors (whales) always play a critical role in the crypto money market. Amber Group’s move may adversely affect the expectations of market participants. On the other hand, the positive diamond formation observed on the Ethereum network points to the rise potential if the resistance levels are exceeded. However, the current conditions shadow technical optimism.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
