While uncertainty in the crypto currency market, Ethereum (ETH) fell to critical levels. Increased sales pressure of major investors and slimming in technical indicators raised the possibility that ETH could fall below $ 1,500. So, can the Ethereum price can hold on this level, or will we see a harder decrease? As Kriptokoin.com, we convey all the details!
Big pressure in Ethereum: $ 1,440 is the last defense point?
Ethereum price is faced with intensive sales pressure in recent days. In this process, where the market value decreases, MVRV price bands show that the level of $ 1,440 is a critical support point. If ETH loses this level, a larger wave of sales may come.
On the other hand, most of the investors are wondering if the price can recover at this level. Technical analysis data currently gives uncertainty signals. However, it is clear that Ethereum is stuck in a strong area of resistance.
Whales sell Ethereum: Bad news for the market?
One of the biggest threats of Ethereum’s future is the high -volume whale processes to the stock market. In the last hours, Amber Group transferred to Binance, Okx and Gate.io a total of 20,000 ETH (worth approximately $ 37.34 million).
Such large transfers often indicate that whales are preparing to sell and are interpreted as a signal of a serious decrease in the market. If sales pressure continues, it may be inevitable that Ethereum will go below $ 1,500.
The future of Ethereum: Is it a fall or rise?
Although there is a great pressure on the market, technical indicators show that Ethereum is preparing for a potential rise. In particular, the rise -oriented diamond formation indicates that there may be a major break in the price of ETH.
If this technical model works, Ethereum may enter a harsh rise trend in the coming days. However, in order to realize this rise, ETH must first break strong resistance levels.
If Ethereum falls below $ 1,440, there is a possibility of decreasing to $ 1,250. At this point, market dynamics will determine the direction of investors.
What should Ethereum investors do?
The way Ethereum will follow in the coming days depends entirely on the reactions of the market. Here are the critical points that investors should pay attention to:
✅ If the level of $ 1,440 is maintained: Ethereum will continue to move upward. If a strong purchase response comes at this level, the price can recover rapidly.
❌ If $ 1,440 breaks: the decline may harden and Ethereum may decline to $ 1,250. In this case, panic sales can take the market even further.
The price of Ethereum has increased by 6 %in the last 24 hours and increased from $ 1,814 to $ 1,915. However, whether this rise will be permanent, will emerge in the coming days.
Does Ethereum fall below $ 1,500?
There are currently two different scenarios for Ethereum. If the sales pressure of the whales persist and the market falls in a trend of fall, ETH may go below $ 1,500.
However, technical indicators show that Ethereum may be ready for a huge rise explosion. Especially if buyers come into play, it is possible for ETH to go to $ 2,000 rapidly.
Now all the eyes Ethereum will take action on the next critical days!
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