Ethereum faces four red months shifting to a slight rise, raising hopes for a market recovery amid U.S. tariff uncertainties.
Ethereum Whales Wake Up
In recent weeks, ETH experienced significant selling pressure, consolidating its price between $2000 and $2100. Analyst Ali reported a major selloff of 760,000 ETH over two weeks, while an early ETH investor offloaded all their 5001 tokens bought in 2017.
Link Between ETH Price and Altseason Opportunity
ETH price is under scrutiny as the token struggles to hold above $2000. However, recent rebounds from support levels suggest potential movement past resistance to the $2100 mark.
Technical Analysis and Forecast for Ethereum
Weekly ETH charts show an attempt to stay within an ascending trend. If ETH maintains higher levels above the 200-day EMA and RSI trends upwards, a continued bullish run is likely.
Ethereum may be on a path to recovery, though altseason prospects could diminish if the price falls below $1500. Bulls' ability to maintain positions will be crucial.
