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Ethereum approaches a critical test as the price of the prices tightens, preparing the ground for a decisive decision above the key demand. After weeks of volatile but controlled trading, the bulls try to recover higher terrain, but the momentum remains limited. At the same time, Bears has failed to drive ETH several times below the level of $ 2,400, strengthening it as a solid support zone at the moment. With global markets under pressure from geopolitical tensions and macro uncertainty, Ethereum’s next decision could define the larger Altcoin market management.
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Top analyst M-LOG1 believes that the ETH / BTC pair is the most important graph to monitor in the coming days. Depending on his opinion, an escape – up or down – will determine the fate of altcoins at all levels. The configuration has reached a inflection point after several tests of the lower support strip, the bulls continuing to defend it against attempts to break.
This consolidation phase, combined with the suppressed volatility and the rise in macro tension, makes the current structure of Ethereum one of the most important technical formations of the crypto at the moment. All eyes are now on ETH / BTC while traders are preparing for what could be a decisive moment in the Altcoin cycle.
Ethereum strengthens the pressure when approaching escape
Ethereum continues to negotiate in a narrow range which started in early May, oscillating between the $ 2,400 and $ 2,800 levels. This prolonged consolidation comes at a time of growth in geopolitical instability, because the conflict in the Middle East degenerates and that macroeconomic uncertainty seizes the world markets. While many investors had now anticipated an allusity season, this rotation of capital in Altcoins has not yet materialized. All eyes remain on Ethereum to serve as a catalyst for this next leg.
M-LOG1 believes The ETH / BTC pair holds the most important signal in the coming days. “This is probably the most important table on which you want to keep an eye,” he said, stressing that whatever the management, the ruptures of ETH / BTC could determine the fate of the Altcoin market.
The graph has repeatedly tested the lower support range, the bulls successfully defending this level at least eight times. According to M-LOG1, this persistent defense suggests that the Bears lose momentum, and an upward escape is more likely. “I am 80/20 in favor of the rise,” he said, citing the incapacity of the market to bend into underlying sign of strength.
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ETH tests the weekly mobile averages
Ethereum (ETH) is currently negotiating at $ 2,550, maintaining its position above the major weekly moving means – 50, 100 and 200. This level marks a key technical pivot as the price is consolidated between $ 2,450 and $ 2,680 after a strong recovery of its low April almost $ 1,500. Despite several attempts to break higher, ETH continues to cope with resistance just below the $ 2,700 mark, showing that the sellers remain active near the historic supply areas.
Above all, the latest weekly candles organized the single 100 weeks and 200 weeks moving medium -sized support. This indicates a structural force, in particular given the wider macro uncertainty caused by the tensions of the Middle East and the tighter American monetary policy. The volume remains stable, without any sign of sale of panic, supporting more the idea that the ETH stabilizes.
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The current price compression around the medium -sized key moving generally precedes a greater directional movement. A weekly fence confirmed above $ 2,700 could open the door to a rapid thrust to the psychological level of $ 3,000. Conversely, losing the support of $ 2,400 would probably trigger a short -term correction to SMA of 50 weeks almost $ 2,289.
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