Crypto analysis company MakroVision evaluated the performance of Ethereum’s (ETH) in recent weeks. The company pointed out that Ethereum remained relatively weak in the market during a period when many altcoins showed signs of recovery.
According to MakroVision, Ethereum continues to create lower peaks, and this situation does not provide a clear sign of a possible trend reversal. “Ethereum is still below the red trend lines, and we cannot see a strong upward movement,” it stated, indicating that the situation is weak from a technical analysis perspective.
Although Ethereum has recovered from the 1,400 dollar levels, it has not been able to show an upward momentum compared to assets like Bitcoin and Solana. It was noted that for the rally to gain strength, a breakout above the recent lower highs is necessary.
Although the level of 1,730 dollars has been regained in the short term, the key level for analysts is 2,132 dollars. According to analysts, breaking this level could pave the way for a possible trend change.
MakroVision has identified the following critical price levels:
- $1,730 – Short-term support, its protection is important
- 2.132 dollars – Trigger level for a new wave of increase
- 2.370 / 2.410 dollars – Resistance areas to be encountered in case of a possible jump
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