Ethereum Amid the entry of smart money, the price has been holding steady above key support levels, suggesting that confidence is growing behind the scenes. With bullish signals coinciding with steady capital inflows, the market is now focused on whether this stability can spark a meaningful bull market.
ETH dips below $3,200 ahead of decisive move
Recent AltCoin Vietnam posthighlights that ETH is positioned at a very tense moment on the chart, indicating that the asset is bracing for a major directional move. This impending pressure is being fueled by a significant bull market. divergence This just appeared on the chart, marking the first time this signal has materialized in over a month.
Analysts raised expectations for high standards volatility By referring to past data. Their research shows a consistent history of 9-16% price volatility each time ETH dips below the $3,200 level. Given that the price is currently fluctuating wildly around $3,100, this historical context provides a clear signal that a sharp burst of volatility may be imminent.
Adding overwhelming confidence to the bullish case are recent actions by market movers. AltCoin Việt Nam reported that a mega whale opened a huge leveraged long position totaling $392 million (equivalent to 120,094 ETH). This huge bet on upside shows the strong conviction of institutional investors.
Moreover, the institutional framework continues to provide reliable latent demand. spot ethereum ETF The market continues to see significant capital inflows, with totals exceeding $250 million this week. BitMine Technologies also purchased an additional 33,504 ETH (valued at $112 million) today. accumulation.
Given the technical differences, historical volatility backdrop, and the convergence of large whales and institutional buying, the market is at a critical juncture. AltCoin Việt Nam asked the final question. Will ETH break out big and immediately confirm the uptrend, or will it need to retest lower support levels before starting the expected explosive rally?
Buyers step in as Ethereum defends key support
According to ETH has received a very encouraging response from key technology sectors to crypto analyst The Boss. Ethereum is reacting positively to the $3,091 support zone and is currently firmly above this level. This is a strong signal that short-term buying pressure remains resilient and active. market.
As long as the price is above the green line, analyst We confirm that the main focus remains on the upside and examine the possibility of heading towards the resistance zone marked by the blue line. Voss emphasized the importance of these structural defensive moves and concluded that such a strong reaction from established support levels is an important signal to confirm the validity of the current structure and indicate a clear direction of the general trend.
Featured image from Freepik, chart from Tradingview.com
