Ethereum Is Retesting A 5-Year Long Trendline – Massive Rally Incoming?
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Ethereum’s current merger is below $2,000, and trading ranges between $1,800 and $1,900 as market uncertainty persists. The Bulls lost control and speculation about the potential continuation trend between analysts and investors is growing. With macroeconomic instability, fear of the trade war, and unstable policy decisions from U.S. President Donald Trump, both cryptocurrencies and U.S. stocks have maintained high volatility, which has increased the fight for Ethereum.
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To highlight the fragile position of Ethereum, top analyst Mr. Crypto shared a technical analysis that shows that ETH is currently testing a trendline of up to 5 years, a critical level that has historically been a strong support during major corrections. If Ethereum fails to hold this trend line, the market may see a deeper decline, strengthening bearish sentiment and possibly pushing ETH toward lower demand zones.
On the other hand, if Ethereum is above this trend lineit could trigger a strong recovery, which provides hope for the bulls looking to reverse. Over the next few days, Ethereum’s reaction at this level will determine its next major action, making this a critical moment for the second largest cryptocurrency.
Ethereum faces critical testing as it trades below years of support
Ethereum has been under enormous sales pressure, driven by macroeconomic uncertainty and fear of a trade war that has shocked cryptocurrencies and the U.S. stock market. As risky assets struggle to find stability, ETH lost key price levels, now trading below crucial years of support, at about $2,000, which could fall into strong resistance if the Bulls fail to recover.
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Analysts warn that Ethereum’s decline could continue as there is no sign of improvement in the broader economic situation. Investors remain cautious, global trade tensions, inflation issues and U.S. regulatory uncertainty that weighs on market sentiment. But despite these bearish factors, some experts believe Ethereum may be preparing for a long-term recovery.
Mr. Encryption Technical analysis on X Ethereum is currently testing the support trendline for 5 years, stronger than the $2,000 demand zone. According to his opinion, this trend line has been historically held during major corrections and has become a key turning point in bullish reversals. If Ethereum maintains support above this level, it could trigger a major recovery rally, delaying ETH to $2,000 and above.
Over the next few weeks, Ethereum’s price reaction on this key trend line will determine whether the reversal is within range or whether the bearish trend will expand further.
Eth Bulls and Bears fight for control
Ethereum is now at a critical crossroads, with the Bulls struggling to regain the $2,000 mark, while the Bears can’t push ETH below $1,800. This extended merger phase has left investors uncertain about ETH’s next major move.
To make the recovery rally take shape, the Bulls had to reclaim the $2,300 level, which is consistent with the 4-hour 200 moving average (MA) and exponential moving average (EMA). Breakthroughs through this level will indicate a shift in momentum and pave the way for further upward towards the key resistance area.
However, failing to recover the $2,000 score and exceeding the key moving average could trigger another wave of sales pressure. A decisive drop below $1,800 will put Ethereum in a dangerous territory, opening the door to retesting in potentially lower demand areas, about 1,600-$1,700.
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With macroeconomic uncertainty and market-wide volatility still in play, ETH traders should pay attention to breakouts or decompositions in the current range, as the next few meetings will determine the short-term trends in Ethereum.
Featured images from DALL-E, charts from TradingView
