Bear stew or $3,500? Ethereum analysts are skeptical about the price recovery from power
Key controls
Future demand and weak Fed.
The Etherumum network indicates the denial of payments and activity
Analysts have warned of a drop from $3,500 to $3,500 if support at $4,000 is not recovered in the short term.
Ether (AM) has been holding its momentum below $3,500 for the past two weeks, with short periods below $3,500 loaded around $4,000.
It is now estimated that the 0.25% interest rate cut from Ed's government reserves and the end of the quantitative tightening is guaranteed to increase productivity.
The price of Ether is high stem emotional feeling
ERER future risks are traded at a premium of $5%, reflecting low interest from buyers in relation to normal conduct.
Related: Are You Ex-Email Whales? Data is moving to old ether
In independent market conditions, the future premium is 5% to 10% for the additional settlement period. More importantly, the recent recovery from $4,250 USD has not returned the high pressure sentiment among traders.
Ether futures, which have been dominant since mid-October, have been affected by ETP (ETPs).
Of the $380 million in the ESF net, they have little hope of generating the “ETF” NESTENENENENENENE PTILENENTENE PREANDER, which asks if the “10,000 year price estimate is correct for this cycle.”
Ether's inability to stay above $4000 can also be evaluated as a decline in ETEHEREMES network fees, even if this issue affects the entire Cryptocurrency market.
It is down 16% from last week. In comparison, payments on the BNB chain fell by 30%, and Thor experienced a 16% decline. While the number of active addresses cut on Eheetumum's base layer fell by 4% over the same period, Thoron saw an increase of more than 100%.
“Classic bear trap” or low seed prices?
Data from CanteriSegram Markets Pro and data from Budding View show that the daily chart can print a third series of red ticks.
In terms of recovery, many traders are pointing to the $4,000 resistance level or asking whether the altcoin's altcoin is running on a technical reversal or not.
On Thursday, “XNN” X Post Ops “XNN” lost $4,000 again.
Despite the “0.25% cut in food tariffs, and despite the US-China trade talks, and despite the US-China trade talks, Quylum everything is going on.
On the corresponding chart, the next resistance chain for Ensele was $3,800, and it first reached $3,500-$3,700 after reaching a low of $3,354 on August 3.
On the upside, the bulls are close to $20,000 to focus on $4,200 and $4,500 before returning above $4,000 to $5,000.
Ted Pillow wrote:
“This is a classic bearish bear stew, or the Crypto market is low.”
As shown in the weekly chart below, “from $3,300 to $3,300” after $3,300 is considered a healthy conjunctural pool in the EMA cloud.
If the bulls can defend support here and set up the next attack in terms of resistance, it will show real strength. “
An analyst for the angry breeder b <ካርዶቹ> As long as they hold the $3,800-$4,200 support range, the strong Q4 chords are still on the cards.
According to the contrasegraphist, the bulls need to push the 50-day moving average from the 50-day moving average to signal strength and start the next leg of the upward movement.
This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision.
