EthereumSupport
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Ethereum Metrics Highlight Key Support—Will Buyers Step In?
Ethereum is trading above $1,600 after recent market turbulence driven by global trade policy uncertainty and U.S. President Donald Trump’s tariffs. Despite the pressure, ETH is showing signs of stabilization following strong sell-offs and macroeconomic headwinds.
Bulls are attempting to regain control, but momentum remains weak. Ethereum must reclaim critical support levels to signal a potential rebound. Until then, caution dominates the market.
On-chain data from Glassnode offers some optimism. Whales have accumulated over 822,440 ETH around $1,546.55, marking a key support zone. High-accumulation levels like this often attract renewed buying interest and could spark a recovery if revisited.
Ethereum has climbed over 20% from last Wednesday’s low of $1,380, boosting investor sentiment. It now trades near strong resistance, which could set the stage for a breakout and a new uptrend—if macroeconomic pressures don’t stall progress.
Trump’s recent 90-day tariff suspension (excluding China) briefly lifted market sentiment and boosted crypto prices. However, long-term concerns about U.S. trade policies keep investors cautious.
While some believe the worst may be over for Ethereum, others warn that this could be the start of a prolonged bear cycle. Either way, the $1,546 support level remains a critical zone to watch.
#ETH #CryptoUpdate #WhaleActivity #EthereumSupport #MarketWatch
$ETH
Ethereum is trading above $1,600 after recent market turbulence driven by global trade policy uncertainty and U.S. President Donald Trump’s tariffs. Despite the pressure, ETH is showing signs of stabilization following strong sell-offs and macroeconomic headwinds.
Bulls are attempting to regain control, but momentum remains weak. Ethereum must reclaim critical support levels to signal a potential rebound. Until then, caution dominates the market.
On-chain data from Glassnode offers some optimism. Whales have accumulated over 822,440 ETH around $1,546.55, marking a key support zone. High-accumulation levels like this often attract renewed buying interest and could spark a recovery if revisited.
Ethereum has climbed over 20% from last Wednesday’s low of $1,380, boosting investor sentiment. It now trades near strong resistance, which could set the stage for a breakout and a new uptrend—if macroeconomic pressures don’t stall progress.
Trump’s recent 90-day tariff suspension (excluding China) briefly lifted market sentiment and boosted crypto prices. However, long-term concerns about U.S. trade policies keep investors cautious.
While some believe the worst may be over for Ethereum, others warn that this could be the start of a prolonged bear cycle. Either way, the $1,546 support level remains a critical zone to watch.
#ETH #CryptoUpdate #WhaleActivity #EthereumSupport #MarketWatch
$ETH
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