The analysis firm MakroVision has published a report assessing the current state of Ethereum following recent market changes.
Current State of Ethereum
According to MakroVision's analysis, despite signs of recovery after recent declines, the Ethereum market remains uncertain. The latest sell-off has lowered the price to $1,730. A limited recovery has been observed in this area, but a clear trend reversal has yet to be confirmed.
Critical Levels to Watch
MakroVision highlights the following critical levels for Ethereum:
* $2,132: Short-term target area. Breaking this level will determine whether the recovery gains momentum. * $2,550-2,600: A significant resistance point, both psychologically and technically. The falling trend line also passes through this level. * $1,730: Support level that must be maintained to prevent Ethereum from falling further. * $1,544: The last line of defense. Losing this level could be a strong bearish signal.
Market Development Trends
The report emphasizes that as long as Ethereum's price remains below $2,132, the downtrend is dominant. According to the analysis, exceeding the $2,600 level will be a critical threshold for the trend to change completely.
MakroVision emphasizes the importance of monitoring Ethereum's key levels to assess potential changes in market trends.
