King Altcoin after the FED interest rate decision and after the Pectra update Ethereum (ETH) $1,835.43long -time horizontal price band, which has been watched by a new rise phase stepped. According to analyst Michaël Van de Poppe, ETH’s back on a thousand $ 740 – thousand 837 dollars shows that buyers have entered the market again. This recovery indicates that the critical resistance point in 2 thousand 105 dollars may be forced. On the other hand, the $ 17.9 million output from the Fidelity Ethereum ETF can print pressure on the price in the short term.
Ethereum target level 2 thousand 100 dollars
Ethereum’s strong splashing from the bottom levels he saw in April increased morale in the market. A thousand 740 – thousand 837 dollars were a line of support defended by buyers. ETH priceThe rapid recovery of the bulls after the landing of this region shows that the bulls still hold control. If the investor confidence is re -established at this level, the next movement is likely to be upward.
The technical target in the graphics is collected in the band of 2 thousand 105 dollars. This stands out as a level of resistance in which Ethereum is forced in past rally. A clean break will be above this level. If the bulls meet this target, the price can lead to much higher levels.
ETH’s transaction volume has a slowdown
The latest data reveals that there is a slowdown in the Ethereum transaction volume. Cryptoquant‘s analysis shows that large purchase-sale transactions are alleviated, which can make the market more resistant to sudden shocks. The decrease in volatility gives extra time to buyers and sellers in creating strategy. Thus, the market can give recovery signals in a quieter environment.
On the other hand Persian InvestorsAccording to the report of the Fidelity Ethereum ETF on May 6, 2025, was a full $ 17.9 million output. In other major ETFs, no significant change was recorded. Such capital outputs may reduce the amount of ETH liquidity in the short term and put pressure on the price. Nevertheless, the general market tendency is not expected to return to a long -term fall trend.
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.
