Ethereum has consolidated since “The Big Dump” – Inversion or continuation of local trends?

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The slowdown is largely motivated by macroeconomic uncertainty and the climbing of trade war fears, which have shaken both crypto and the American stock markets. While investors are preparing for a new volatility, some fear that the market will prepare for a deeper correction.

However, not all analysts are fucked. Some believe that a recovery could be on the horizon in the coming months, especially if the technical indicators are starting to show force. The best analyst Daan shared ideas on X, revealing that Ethereum has been consolidating since the major sale and has formed a falling corner model – optimistic training which could indicate an reversal of a local trend.

For the moment, the ETH remains at risk of new drops, but if this model takes place, Ethereum could soon be out of its consolidation range and start to take momentum for recovery. The next few weeks will be crucial to determine if the ETH can stabilize or more inconvenience is to come.

Ethereum Fall Faldge could report a reversal

Ethereum has lost more than 57% of its value, creating a difficult environment for bulls as the sales pressure continues. ETH is now negotiated below a level of multi -year support, which went to strong resistance. As long as Ethereum remains below the fork from $ 1,900 to $ 2,000, the bulls will find it difficult to resume the momentum, keeping the self -employed feeling intact.

The entire cryptography market has reflected this weakness, undergoing a significant rupture alongside the American stock market. The fears of the world trade war and uncertainty surrounding the policies of the American president Trump have further fueled the sale of risk assets. Since the American elections in November 2024, macroeconomic volatility and increasing uncertainty have lowered the markets. The American stock market reaching its lowest levels since September 2024, investors remain in advance, wondering if Ethereum still has drawbacks.

Despite this dark perspective, there is a certain optimism. Daan’s ideas suggest that Ethereum has been consolidating since the major decline and has formed a falling corner scheme. This upward training could lead to a reversal of local trend if ETH breaks out and holds above the resistance.

Ethereum forming a fall corner | Source: Daan on x

For this potential recovery to materialize, the ETH must break above the white area and recover $ 2,000. If this happens, the bulls could start testing higher levels and taking momentum for a wider recovery. However, the ETH / BTC ratio remains close to multi -year stockings, showing only a minor resilience in recent days. A sustained force is necessary before a real reversal can take place.

The bulls fight around $ 1,900

Ethereum is currently negotiated at $ 1,900, after days of difficulty below the crucial bar of $ 2,000. The bulls have lost control and the ETH is now at its lowest levels since October 2023, reflecting the broader uncertainty of the market and the continuous bearish feeling.

Eth Setting Fresh Lows | Source: Ethusdt table on tradingView

With macroeconomic volatility and commercial war fears heavyly weighing on risk assets, Ethereum continues to deal with the sale pressure, which makes it difficult for bulls to take a momentum for a recovery. The longer the ETH, the higher $ 2,000, the stronger the resistance at this level, pushing buyers further from the market.

For Ethereum to avoid deeper losses, the bulls must recover the $ 2,000 mark as soon as possible and establish it as a new level of support. A breakup and reservoir above this threshold could trigger a recovery rally, allowing ETH to test higher resistance areas. However, the loss of current levels would leave the vulnerable ETH to another drop, which potentially retains support almost $ 1,750 or less.

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