Giá TON StationSOON

Bitcoin’s daily close came in at 101,404 this is amazing! Bitcoin recovered very quickly, and coins like XRP also bounced back fast. Even WOJAK recovered well. However, Ethereum’s slow rise and sharp drops are frustrating investors and holding back the entire altcoin market, even though there’s no fundamental issue. I know this situation will be resolved soon, and when it does, everything will move fast. A little patience is the key right now! 🚀 Just HODL

$ACT Scam Scam Scam sell immediately big Dump coming Soon 📉

clanker to Moon💥 Buy in Bulk soon gonna touch 50 and above.

$ASI it has use cases and good backers soon hitting 10-20x bullish

Ethereum is currently testing a critical support level that could define its short-term and long-term market direction. This level as essential for Ethereum's recovery, warning that a failure to bounce back could lead to a significant bearish breakdown. Since June 2022, Ethereum’s price action has shown a corrective pattern, lacking the strong impulsive uptrend typical of previous bull markets. This corrective movement has raised concerns among investors, with Bennett highlighting that Ethereum must reclaim the $2,800 mark soon to avoid further downside pressure. If the price breaks below this level, it could trigger one of Ethereum’s worst quarters, signaling a bearish shift. According to the analysis, $ETH is at a key support zone, and if the price fails to hold here, it may break below the lower boundary of its long-term ascending channel. Such a move could lead to increased selling pressure and accelerate downward momentum. However, a rebound from this support zone could restore bullish sentiment, offering hope for a continued upward trend. Notably, despite recent price dips, $ETH has seen significant whale accumulation, particularly from the “7 Siblings” purchase. This accumulation trend suggests that large investors are capitalizing on Ethereum’s lower prices, hinting at a potential market rebound. Ethereum’s price must reclaim the $2,800 resistance level to confirm a bullish market structure. A successful breakout above this level could signal renewed strength in the market, providing confidence for traders and investors and supporting a potential continuation of the bullish trend. Failure to reclaim $2,800, however, could result in a prolonged period of weakness, with further downward movement likely if $ETH fails to hold current support. I draws parallels to past market cycles, emphasizing that Ethereum's current price action is weaker than in previous bull markets. The lack of strong upward momentum raises concerns for long-term investors, suggesting that without a solid breakout, Ethereum may continue facing downward pressure. Technical indicators are showing signs of a potential reversal, as bearish momentum weakens. Ethereum has recently rebounded from a low of around $2,200 to $2,728.07, despite an 8% daily decline. Moreover, the crypto market saw a significant surge in trading volume, up 162.07% to $93.77 billion, indicating heightened investor activity. As the coming days are crucial, all eyes are on Ethereum’s ability to hold this key support level and reclaim the $2,800 resistance. How the price reacts in the short term could have a significant impact on Ethereum’s long-term trajectory.