In the top 5 crypts, Ethereum is lagging, Low performance against Bitcoin, Solana and practically all higher altcoins. Unlike Solana, which has reached the new maximums of all time, eth .CWP-Coin-Chart Svg Path {Stroke-Width: 0.65! Important; }
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Keep fluctuating Between the range of $ 3,000 and $ 3,500, defending sellers determined by the suppression of prices.
However, it seems that this state of “bassist” price action could be coming to an end. Yesterday, despite the maintenance rates of the stable Federal Reserve, an X analyst observed that the currency broke over $ 3,200.
At the time of writing, the currency is still quoted above this threshold and looks firm, building impulse.
ETH prices analysis: Is Ethereum Price ready for RIP?
However, ETH is not yet out of the forest. Looking at the ETH price action, it is clear that sellers still have control, and for buyers to take over, they must close above the descending channel. The immediate resistance is at the level of $ 3,500.
If the bulls gain impulse, they could exceed $ 3,700 and even break above $ 4,100, 2024 height, in a refreshing continuation of purchase trends. Before that, optimistic headlines could only see the price action, hoping that bulls Keep $ 3,200 in short and medium term.
(Ethusdt)
Anyway, trust is high in which Ethereum Bulls could shake the weakness and resume the upward trend seen in the second half of 2023, where the currency shot up to $ 4,100 in January 2024.
While Ethereum faces a hard competition from Solana and the validators have to deal with low income after the activation of Dencun in early 2024, there are signs of greater activity.
Citing data in the chain, the analyst observes that the number of active addresses in the Netnet increased by more than 37%, reaching 670,000 last week. This It is almost 50% more than It was recorded In March 2024, at 400,000, when the community was optimistic about the currency that reached $ 5,000.
(Fountain)
This unexpected increase could insinuate that Ethereum is preparing for an important bull race in 2025 that could raise the valuations drastically. Even so, merchants must remain cautious.
ETH WHALES MIA But VITALIK BUTERIN has a plan for the ETH price
Although there are more new users, the number of large transactions remains moderate, particularly compared to the Toro of 2021 and 2017.
A different analysis of a user in X points out that the absence of a whale frenzy suggests a lack of institutional demand. However, this “silence” can be interpreted positively since the currency remains above $ 3,000, a level of psychological support.
A spot rates, ETH can be undervalued, which is an opportunity to accumulate.
(Fountain)
It is still be seen How short -term ETH prices will evolve. The community is observing how Ethereum developers will handle the tough competition, particularly Solana.
Until now, Vitalik Butein has emphasized The need for a multiple approach to increase the price of ETH. In a publication, the co -founder pointed out the need to climb the Nenet even more at the same time that ETH consolidated as a primary asset throughout the ecosystem.
To increase ETH burning, he suggested to increase the number of “blobs” and establish a minimum price to create such data containers.
Blobs are crucial for layer 2 solutions and help climb activities outside the chain while reducing rates. Because of its estimate, if the number of Blobs increases to 128, more than 700,000 eth could burn annually.
Explore: It is expected that the largest rise of $ 1m Catslap Crypto Burn is expected to be triggered for the highest price for $ Slap
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