Ethereum is a gradual recovery with a high price of $ 3100. This represents an increase of 2.3 % during the past day. However, the original is still in a total decrease, a decrease of 3.3 % during the week.
While this humble apostasy provides some relief, Ethereum is still struggling with the effects of the general declining direction. The ongoing price movement prompted some analysts to reconsider Ethereum inherent in the series Standards to understand what might wait for us in the cryptocurrency.
One of the main areas of concentration is ETHEREUM reserves for exchange. According to the hadith analysis By Cryptoavails, contributing to the Cryptoquant Quicktake platform, the total reserves of Ethereum kept on instant stocks have decreased steadily. This long -term trend indicates a shift in how to manage participants in the market.
The backup direction of Ethereum exchange
According to Cryptoavails, Ethereum reserves have passed on immediate exchanges Big changes Over the years. During the Taurus 2017-2018 market, reserves reached their climax, driven by an increase in the interest of investors.
The 2020-2021 period has witnessed another significant increase, fueled by the emergence of the DEFI and ETHEREUM-based projects. However, starting in late 2021, reserves A sharp decrease began Large clouds of stock exchanges have become more common.
By 2023, reserve levels reached a low point, and by 2024, these reduced levels continued, indicating a possible deficiency in the show. Often this reduction in reserves indicates that holders withdraw Ethereum from long -term storage exchanges, instead of leaving it available for immediate trading.
As a result, the decreasing supply on the stock exchanges can create an ascending pressure on prices. Cryptoavails noticed that since 2022, with a decrease in reserves, the ETHEREUM price began to settle at higher levels. This pattern indicates that low -backup levels can support Price increaseIt is possible that it leads to a new upward trend.
Technical analysis of ETH
Technically, Ethereum showed patterns explaining analysts as bullies. Many prominent figures in the encryption community shared their visions.
One of the famous analysts known as Crypto CEASER recently High It bounces at the price of Ethereum as an important opportunity, expressing the view that the cryptocurrency is less than its value and may be ready to reach its highest levels ever.
$ ETH – #ETHEREUM Return as expected. This was a great opportunity. Send it.
In my opinion, Ethereum is less than its value. I think we will see the new ATH soon. pic.twitter.com/ljma1lepjo
– Crypto Caesar (Cryptocaesaesa) January 28, 2025
However, not all analyzes draw a uniform optimistic image. ANUP DHUNGANA, another encryption analyst, Indicate The difference between Bitcoin and market behavior Ethereum.
While Bitcoin maintained a fixed higher direction, the ETHEREUM performance against Bitcoin was less powerful, with the formation of the ETH/BTC pair formed less. This difference reflects the low interest of the investor in Ethereum for other assets.
According to Dhungana, the next technical support level may be ETH/BTC Between 0.028 and 0.026. The reversion from this level can revive the broader interest in Ethereum and Altcoins, which paves the way for another stage of growth.
A distinctive image created with Dall-E, the tradingView chart