The drop in the price of ETH at $ 3.5,000 probably before running $ 4,000

Key point:

Ether (Ethn) won 57% in the last month, but a coherent sale nearly $ 4,000 is increasing the price. The independent market analyst Adam, said to sell walls in the area and said that even if “ETH is so return”, its price could lose momentum until they are filled or drawn. »»

Aside from the techniques, most of the ETH price movement has aligned itself with the launch of several ether treasures. Since June, Bitmin Immersion Tech and Sharplink Gaming have acquired 566,800 and 360 800 ETH respectively, and the data from distant investors show Ethereum Spot ETF Entroves exceeding $ 1.84 billion in the last 7 days. The current total net assets for ETH spot now exceeds $ 20.6 billion.

Despite a dedicated commitment to store the ETH, the Sharplink Gaming Sbet and BMNR BMNR shares tech are down 36.4% and 14.52% in last week, but the decline occurs after each action has had a respective rally of 565% and 381% in the last three months.

In relation: Ethereum Price went to a force test of $ 4,000: is this time different?

From a technical point of view, the structure of the upper time market of ETH shows a confirmed model of the reverse head and shoulder with an objective of $ 4,300, but beyond regular purchases by institutional investors (ETF and treasures of the ETH), the financing rates remain neutral, which suggests that traders who like the risk hesitates to increase their use of the margin.

Some traders, including independent analyst of the Michael Van de Poppe market, believe that “liquidity on long [is] Ready to be taken, ”suggests a brief retirement in the area of $ 3,500 to $ 3,300 will occur before a rally thanks to the resistance of $ 4,000.

This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.