Ethereum is less stuck

Etherum Price has crawled in the past few days but remains less than the main resistance level.

ethereum (EthOn Saturday, it increased to exceed the lowest level of this month at 1762 dollars. At the time of publication, it was circulated in about 1940.57.

ETH, the second largest encrypted currency, is still in the deep bear market after it decreased by more than 53 % of its highest levels in December.

One of the reasons for continuous sale is that investors remain on the side lines, where the encryption and stock market declines in the middle of the president Donald Trump’s tariff.

Foreign authorities’ data show that the Wall Street investors continued to sell the investment funds circulating in the ether. according to SosovalueAll ETHEREMM investment funds threw more than $ 143 million of assets this week, a significant increase over the $ 119 million they lost a week ago.

They have lost assets in the past three weeks in a row, up to total cumulative net flows to $ 2.56 billion. Grayscale’s ethe has more than $ 2.35 billion of assets, followed by Etha Black Rock, which has $ 2.1 billion. All ethereum etfs has more than 6.6 billion dollars, much lower than Bitcoin (BTC93 billion dollars.

Moreover, the futures market sends a warning about Ethereum prices. The data indicates that the weekly written future contracts have moved to the lavering stage for the first time since August. The decline is the period when futures prices are lower than the current levels.

On the positive side, there are signs that some investors buy a decrease. Donald Trump’s World Liberty Financial bought more than $ 540,000.

More data by Cryptoquant shows that whales continued to collect ETH. As shown below, the balances that these great investors keep in the past few months have wore.

Ethereum prices analysis

The daily graph shows that the price of Ethereum has settled in the past few days. It increased from a decrease of $ 1762 to 1930 dollars.

Ethereum failed to turn the important psychological point at $ 3,000 in support. It also remains less than the decisive resistance level at $ 2115, which is the slightest swing in August, and the neck line of the triple point at $ 4000.

Ethereum has formed a cross -death pattern as the moving averages have crossed for 50 days and 200 days each other. It has also formed the downtown flag pattern, indicating more commodities forward. This landmatic method will be confirmed if it is less than the lowest level for this month of $ 1762.