The price of Ethereum approached the level of 2100 dollars and attracted the attention of investors again. Experts, technical indicators support a upward movement, he says. The graphic structure that gives recovery signals in the short term can prepare the ground for a potential rise in case of preserving critical support levels. The common view of the analysts is that this technical structure, which is similar to historical cycles, can create new purchase opportunities.
The technical structure is getting stronger: the rise can be at the door
The price of Ethereum has been balanced in recent days at $ 2065. This level is considered as an important threshold in both psychological and technical terms. Technical analysts believe that a strong rise may begin if liquidity areas over 2100 dollars are overcome.
Analyst Crypto Patel said he observed a remarkable rise structure in ETH/USDT parity. According to Patel, the recovery movement, in which the price experiences at critical support levels, increases the likelihood of a upward breaking of the market. This support level coincides with the data obtained from previous price movements and offers an important reference point for investors.
It is also discussed that the price will retreat to around 1900 dollars and then gain strength again. Analyst Maxpaın draws attention to the accumulation and support zones at these levels. This technical field, which is formed between the dollar $ 1874-1924, is seen as a strong defense line for purchasing investors.
Similarity is established with past cycles
Ethereum’s weekly graph is historically similar to the 2018-2020 period. Analyst Timefreedomrob reminds us that the corrections following the previous vertical rise result in significant recovery. This leads to the expectation that similar scenarios can be experienced compared to the current price movements.
Long-term investors attach special importance to the support zone between $ 1800-2000. This region has worked as a strong defense area many times in the past. Technical indicators also indicate that this area is still valid. Both transaction volume and market value data show that these supports are actively protected.
The short -term movements of the market are mostly shaped by liquidity zones. Exceeding $ 2100 can increase upward momentum. Experts say that the procurement pressure that may occur on this region can carry Ethereum to higher levels.
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.
