Will Price Ethereum maintain support of $ 3,000 or face corrections? star-news.press/wp
ETHEREUM (ETH) witnessed a 19 % noticeable increase in the past week, which led to nearly 3000 dollars.
The assembly was impressive, driven by optimism in the wider market. However, Ethereum faces a potential challenge of achieving profits, which may hinder its ability to maintain the level of $ 3000.
Ethereum holders are moving for sale
ETHEREMM has achieved that the profit/loss scale has risen to $ 1.36 billion, which represents the largest increase since December 2022. This sharp rise in the achieved profits indicates a large amount of sales pressure.
The sale, which has been observed in the past 24 hours, is the highest in 31 months, indicating that many investors benefit from recent prices.
Historically, these major sales operations were followed by price corrections. Looking at the extent of the current sale activity, investors should be careful, as it may indicate a near -term withdrawal in the ETHEREUM price.
The main indicator of the potential ETHEREUM support lies in the distribution of cost basis, indicating that $ 2,500 has become a strong accumulation area.
More than 3.45 million ETH was the basis for cost near this level, providing great support for Altcoin. Since Ethereum recently wore $ 2,533, this level has become an important launch platform in its current gathering.
The support level of $ 2,500 is very important if Ethereum has a decrease in prices due to profit. If ETH prices are recovered, strong accumulation is likely to be about $ 2,500 as a pillow, which prevents a deeper decrease and support support.
ETH price needs to find support
ETHEREUM is currently trading at $ 2,975, slightly less than the decisive resistance of $ 3,000. After waiting five months to violate this level, Ethereum finally crossed.
However, the challenge remains in securing $ 3,000 in support. If ETH fails to keep this level, height may face great resistance, which limits other gains.
The profits can continue at the weight of the ETHEREUM price in the short term. However, if the bullish trend of Bitcoin continues and the wider market conditions remain difficult, it is possible that the stirring will push 3000 dollars to ETHEREUM support towards the following resistance at $ 3530. This step indicates that the current ascension momentum is still intact.
In the event of an increase in profit, the price of the ETHEREUM may decrease to less than 3000 dollars. The profit of 19 % that was seen this week can be retracted, but ETH is expected to exceed more than $ 2,495, thanks to the strong support specified at the level of $ 2,500.
However, this would expand waiting for ETHEREUM at $ 3000 to Q3.
This post will the ETHEREUM price maintain the support of $ 3,000 or face corrections? He first appeared on Beincrypto.
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2025-07-12 12:30:00
