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Coin stops Ethereum Close to a rare loss that reinforces bearish price expectations. The stock faces the risk of a seventh consecutive monthly decline after falling below the key $2,000 sentiment level. Although the price rebounded slightly above $2,010, the recovery looks weak.
The on-chain data shows that the main owners are spreading their positions in times of strength, while the macroeconomic problems continue.
Important points:
- Ethereum (ETH) is in danger of closing in the red for the seventh month in a row, a rare sign of surprise in … History of the crypto market.
- Wallets with between 100,000 and 1 million ETH have significantly reduced their reserves over the past 90 days.
- signs Oversold on the RSI indicator On the 37th it shows a possible break towards 2,200 USD.
- The support level at 1,800 USD is still an important line for bulls (buyers).
Ethereum Price Prediction: Whales Show “Extremely Dangerous” Change
to appear Data There is a noticeable change in the chain among the whales, as addresses with between 100,000 and 1,000,000 ETH have reduced their reserves in the last 90 days, and this is happening outside the platform. This indicates a real risk reduction rather than a short-term trade arrangement.
Too much pressure does not help to improve things; As the inflation rate has decreased the risk of institutions, Ethereum has become one of the main… Money Very sensitive. If the distribution continues, the $1,800 level becomes an important level to watch.
However, this improvement appears to be macroeconomic driven rather than linked to grid policy disruptions.
The daily Relative Strength Index (RSI) is near 43, an area that appears to be forming. Rebound configuration. Currency rates also stabilized, and open interest rates fell, reducing potential risks.
If the level of $ 1,840 holds and Ethereum recovers the level of $ 2,140, ​​it can turn. Power Set back around 2,200 USD and maybe more. Right now, whales are reducing their habitat, but technological advances are approaching a short-term change.
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A note Ethereum Price Forecast: Ethereum is one month away from new record highs – bounce or crash? appeared for the first time Cryptonews Arabic.
