🎉🎉What Will Happen to Ethereum? Analysts Revealed the Level That Needs to Be Overcome for the Bull to Ignite in ETH! 🎉🎉

Cryptocurrency analysis firm MacroVision noted in its latest report that Ethereum continues to exhibit weak performance compared to market leader Bitcoin. The company stated that Ethereum's inability to surpass significant resistance levels has led to price movements remaining under pressure. Having recovered from around $1,400 in recent weeks, Ethereum still continues to trade below the red downtrend line. According to the report, the first strong bullish signal for Ethereum could come with a breakout above the $2,130 level, and this expectation remains valid. Analysts believe that in the short term, the support at the $1,730 level is being maintained, while a strong upward momentum has not yet formed. It is mentioned that downside risks continue, and the $1,545 level stands out as the next critical support point. MacroVision expressed that despite Bitcoin recently testing significant resistance levels, Ethereum still remains weak, which could negatively impact market sentiment. For Ethereum to demonstrate strong performance compared to market leaders, it may be an important indicator for trend change. According to the analysis, Ethereum is currently in a waiting phase. It is emphasized that a lasting breakout above the $2,130 level is needed for a strong bullish signal to form. If this level is not surpassed, the market is likely to remain cautious.

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