The low prices of the last currency Etherum is 13% compared to its latest highest levels, its first weekly loss in more than a month, given its leading management, because it has tested its higher levels for several weeks. The correction – which paid the price for a brief period of less than $ 3,400 – raised an important question: is this a period before launch, or is it the start of a deeper drop?
On the other hand, Hout (a large investor) bought $ 300 million from Ethereum, indicating his conviction that this decrease is temporary.
For its part, the data on blockchain by Arkham Intelligence show that this huge purchase occurred at low prices, a strategy known as “the purchase of decline” by an institution which makes a strong confidence in the prospects of the total economy represented by the power of Ethereum, in the context of the weakness of job data in non-altitude.
- Ethereum: Ethereum: 13% decreased compared to its highest levels in July
- Purchases of one of the whales: It has reached $ 300 million in Ethereum currency
- Market value: 422 billion dollars
- Trading size: $ 28.8 billion (in the past 24 hours)
It is likely that the price movement and the behavior of whales are likely to be a possibility of reflecting prices; While many traders conclude their transactions due to fear, the intensive assembly phase indicates an optimistic overview of Ethereum in the medium to the long term, and this coincides with the fact that it is an institutional origin linked to the next boxes on the stock market (ETF) and updates on the blockchain network.
The price of Ethereum is tested critical levels
Ethereum prices expectations have become positive with a rebound attempt at $ 3,374, which is the lowest level since early July, when the price tests the level of $ 3,491, which represents 0.236 for the level of correction of the Fibonacci index, which was the level which was formed and resistance in the past.
And if the price increases above this level, it can reach $ 3,564 (38.2%vibonacci) and $ 3,623 (50%), with the possibility of reaching the end of the level of $ 3,681 (61.8%) coinciding with the average average movement (SMA) for $ 50 days.
However, the growing dynamic remains low, with the position of the RSI indicator (RSI) over 4 hours at 39, which is lower than the neutral zone at 50 years. With the absence of an ascending difference or the confirmation of the trend in the size of the exchange, the increase in prices of the price can stop at the level of the resistance.
However, the reflection candle can support (emerging district negotiation candle) greater than $ 3,564, the price recovery march if it does not enter the level of $ 3,491 or $ 3,564, which can harm its career and postpone it at the level of $ 3,374, or even $ 3,267.
An overview of Ethereum trading parameters with the start of the price of $ 3,564
If the price of Ethereum succeeds in the rise above the level of $ 3,564, coinciding with the volume of positive trading and the negotiation candle up, it can target $ 3,681, followed by a level of $ 3765, a level of fibonacci and constitutes a historic resistance, which makes it a highly probable scenario.
Agreement levels:
- Entrance: The highest level of $ 3,565
- Loss of stop: Less than $ 3,480
- Targeted levels: $ 3,681 / $ 3,765
- Cancel the agreement: If the price is not able to keep its location at $ 3,491
Bitcoin Hyper-Hyper has been subscribed to more than $ 6.2 million, the next increase in prices approaching
Bitcoin Hyper – which provides the first Bitcoin Blocchain on the SVM virtual machine – with a value of more than $ 6.2 million, and its product recorded $ 6,872,20.68 of $ 9,542.85. Currently, the currency is sold to $ 0.012525, and it is expected to increase in a few hours by its new phase.
With its design to combine the safety of Bitcoin blockchain, the speed of the Solana blockchain, the project provides intelligent contract features, decentralized applications (DAP) and the possibility of launching and circulating MC currencies at a high cost, with a fluid link to a bitcoin bitcoin. On the other hand, the intelligent project of the project was designed to guarantee the ability to develop, reliably and simplicity – has managed to examine the Coinsult team.
Thanks to the combination of MG currencies and practical uses, Bitco Hyper has become one of the most important competitors of second layer solutions for the year 2025, in particular after its acquisition of Strong Momentum following its unique mortgage mechanism and its exciting and complete launch of its new solution during the first quarter of next year.
The Ethereum-Eth prices expectations with a drop of 13% after increasing; Will he correct more deeply or will he be targeted? APPLERDIRST on Arab Cryptonews.