The Ethereum (ETH) course is again approaching the limit of $ 2,500, but there is more than just a price promotion below the surface. Despite a sharp increase in the past few days, on-chain data that short-term investors (STHs) shown their tokens en masse to fairs. This can put a lot of pressure on the bullish prospect.

Sales pressure increases due to weak hands

Just like the entire financial market, Ethereum was also under the spell of all geopolitical hectic pace in the Middle East. The race fell briefly to a low point of almost $ 2,100. But the de-escalation of the conflict led to an equally fast recovery to a current rate of approximately $ 2,465. Last night we were even above the $ 2,500 border.

Nevertheless, data shows that the activity on the network has increased sharply, with the highest number of active deposits in five months. This movement is mainly driven by STHs who want to cash in their profit, indicating a possible sales wave.

At the same time, long -term investors (LTHs) continue to hold their Ethereum. Older coins are therefore not yet moving. The sales pressure therefore mainly comes from speculators who recently entered.

What will the ETH course do?

Now that the geopolitical tensions are decreasing, peace of mind is also slowly returning to the markets. And with that the question arises as to what the ETH course will do. The Dutch analyst Daan Crypto shares his vision about the situation through X.

After the 2,100 dollars test, the course has now returned to the range in which it acted earlier. This is the range between $ 2,400 and $ 2,800. The lower limit of $ 2,400 must be maintained, otherwise a return to $ 2,100 would be possible.

On the other hand, the upper limit of the canal, $ 2,800, is the big challenge. This level must be broken for a continuation of the rally towards former all-time highs.

Koersanalyse Ethereum – Bron: Daan Crypto Trades op X

Another analyst, MikybullCrypto, is even more optimistic. According to him, the ETH course with the recent correction has completed a classic ‘Wyckoff re-accumulation’ pattern. He says he now expects “a very big rally” to above the level of 3,000 dollars.

Source: https://newsbit.nl/ethereum-koers-stijgt-naar-2-500-de-grote-baas-komt-dichterbij/



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