The second largest token, Ethereum, stood opposite the wrath of the market participants while the prize was stuck within a narrow reach. When the Bitcoin price varied high above $ 100k and took a new ATH over $ 109k, Ethereum Price has been struggling hard since the beginning of the year to rise above $ 3500. Now that the price is constantly lower highlights and lows, the question arises whether it is a time to sell ETH or a good time to stack more, because the price is expected to take a flight outside the current ATH.
In a recent update, the short positions of ETH have now risen in just a week and more than 500% since November 2024. The retail traders are not. Let’s break it down
- Ethereum experienced the effects of extreme positioning in the first few days of February and fell by 37% in a few hours when the trade war emerged, so that more than $ 1 trillion was picked.
- In December ETH saw more than $ 2 billion in new funds with a record -breaking weekly inflow of more than $ 854 million. However, the hedge funds gamble on the increase in ETH and limit limiting pimples
- The token witnessed an increase in the volume around the inauguration of Trump and after the last crash at the start of the month. However, the price action did not reclaim the gap, even if a week has passed
- Besides, in the times that Bitcoin and other cryptos have broken out, ETH price is fixed within a range
- Secondly, Ethereum was largely discussed as a safety, which is expected to be crushed under the government of Trump
- Other possible reasons include market manipulation to harmless crypto -hagen and a bearish look at Ethereum itself
So what is the following? What to expect from the Ethereum -Prize Rally?
The Ethereum price is still strongly attached to its upward support since 2023, which suggests that the bulls are extremely vigilant about the price rally. The Token had a considerable influx of more than $ 400 million in ETF intake, which flashes large bullish signals. In the meantime, there are some major updates in the following month, which validates the bullish process. On the other hand, Trump reportedly buys ETH and keeps, as soon as the price rises higher than $ 4000, the outbreak can be insane.
The ETH price in the long term is training along the rising trend line, which acts as a strong support. The 50-day weekly MA at $ 3150, however, is the most important price range to be reached and can push the levels close to the upper milestones. However, the 200-day weekly MA offers a strong base and therefore a rebound seems to be imminent. In the meantime, the RSI flashes uncertain because it could be a bullish divergence or lower highlights. That is why the weekly closure can have a wider and clearer picture for the Ethereum (ETH) price that can decide whether topping can rise above $ 3200 or stay below the range.
