HERE IS MY FUNDA REASON OR NEWS WHY I THINK THIS IS THE LAST DROP~! BEFORE WE RECOVER AND START THE BUILDING OF CRYPTO!
- Price Decline and Market Sentiment: Ethereum's price has dropped below $1,800, marking a significant decline of over 45% since the start of the year. This has raised concerns about its market stability, with some analysts predicting further drops to $1,550 if key resistance levels aren't reclaimed.
- Investor Sentiment and FUD: Fear, uncertainty, and doubt (FUD) have led to increased selling pressure. Retail traders have been offloading ETH holdings, resulting in reduced trading volumes and network activity. Active addresses and transaction volumes have also declined, signaling lower demand!
- Technical Challenges and Resistance Levels: Ethereum has struggled to break past critical resistance levels, such as $1,900. Its failure to reclaim these levels has validated bearish patterns, with some analysts warning of a potential drop to 17-month lows!
- Macroeconomic Factors: Broader economic uncertainties, including geopolitical events like tariffs, have contributed to Ethereum's struggles. These factors have added to the negative sentiment in both the financial and crypto markets.
- Network Activity and Whale Behavior: While some large investors (whales) are accumulating ETH, the overall network activity has seen a decline. This mixed behavior has created uncertainty about the asset's short-term trajectory
Trade active
This is panic rather than manipulation, it gone out of hand.
Trade closed: target reached
Note
Oso Da Tsismoso | Gossiping Bear of Crypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Oso Da Tsismoso | Gossiping Bear of Crypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.