Ethereum Rebounds, Eyes Short-Term Gains
Key Takeaways
Ethereum (ETH) is showing early signs of recovery after a prolonged period of weakness. The price recently reclaimed the key support level at USD 1,574. Analysts see potential for a further increase up to USD 1,810. Demand is rising – both among retail investors and large holders (so-called “whales”). However, a sustainable upward trend depends on whether this demand remains stable.
Ethereum Stabilizes After Price Declines
Following a significant drop in recent weeks – around 11% week-over-week and nearly 15% month-over-month – Ethereum is currently showing a rebound. The price is now around USD 1,610, which represents a daily gain of approximately 2.4%. This recovery could mark the beginning of a new upward trend, provided key support zones hold.
Key Support and Resistance Levels
The USD 1,574 mark is currently considered a crucial support level. If the price stabilizes above it, analysts like Ali Martinez see a realistic price target at USD 1,810. In the short term, ETH could first approach the interim target of USD 1,758. If it breaks through that level, a rise to USD 1,800 is conceivable. However, if the price fails at these levels, a pullback to as low as USD 1,465 could follow.
Demand Is Clearly Increasing
Several indicators point to growing demand for Ethereum:
- Exchange Netflow: Net inflows to exchanges are negative. This means more ETH is being withdrawn from exchanges than deposited – a sign of accumulation by investors.
- Order Imbalance: There are more buy orders than sell orders. This indicates active market demand.
- Whale Activity: Large investors are significantly reducing their exchange deposits. The share of whale inflows relative to the total volume dropped from 23.9% to just 2.92%.
- Funding Rate: The aggregated funding rate is positive. This shows that many investors are betting on rising prices and entering long positions.
What Does This Mean for You?
If you’re invested in Ethereum or considering entering the market, now could be an exciting time. The technical outlook is improving, and market participants are regaining confidence. However, the risk of a pullback remains – especially if demand weakens in the short term or external factors impact the market.
Our Assessment
Ethereum is in a critical phase. Reclaiming the USD 1,574 level is a positive signal. The increased demand – especially from large investors – suggests further upside potential. In the short term, prices between USD 1,758 and USD 1,810 are possible. The key factor is whether demand continues and the market can capitalize on the current momentum. Those already invested should monitor support zones closely. New investors should wait for clear signals before building positions.
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| Symbol | ETH |
| Coin type | Alt Coin |
| Transaction Speed | Medium |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $1,573.85 |
| 24h % | -4.36 % |
| 7d % | 7.65 % |
| 30d % | -17.48 % |
| 60d % | -41.94 % |
| 1y % | -48.82 % |
| Market Cap | $190,300,263,144.00 |
| Official Links | Website | Source Code |
| Socials | Reddit | X |
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