Ether (ETH) priced out of the rally in the last 24 hours, which reached a height of 2,064 on March 19. The daily trade volume of the opposite coin rose to $ 17.4 billion when the ETH won a position above $ 2,000.
Ethereum 1 hour chart. Source: Cointelegraph/Tradingview
ETH exhibits a climbing triangle breakout
Ether prices are rising today when the Alt Coin managed a successful breakout from the climbing triangle sample. After falling below $ 2,000 on March 10, Ether formed a high lower lower, followed by several retests at an instant resistance of $ 1,950, which was the pattern neck.
A rapid deviation also took shape between the price and the relative power index (RSI), which is the first local bottom of 75,752. Such technical setups suggest that the rapid speed is taking charge against the trend.
BitCoin 4 hours chart. Source: Cointelegraph/Tradingview
After the triangle pattern is confirmed rapidly break out, the technical targets are left at 1 2,142, which is about 5 % of the current value of ETH. However, 100 -day fast moving average (Blue Line) is providing resistance to 0 2,050, which needs to be returned in support of targeting $ 2,142.
An anonymous crypto analyst, Rich Capital, highlighted that ETH recently experienced its multi -year demand zone under a $ 2,000 level. The trader said, in connection with a rapidly reversal,
“If the price can produce a strong response here, then the ETH 2196- $ 3900 will be able to claim again on the Macro Range (Black).”
Ethereum Monthly Analysis by Rekt Capital. Source: x.com
Related: ETH price prospects are dimmed because Ethereum Dax volumes fall 34 % in a week
Ethereum Running to collect new heights
Regardless of recent prices reforms, ETH deposits are stored at a significant rate. On March 12, the arrival of Ether in the address of the Eth, hit a one -day record at 345,210 ETH.
The arrival of ETH in the deposit. Source: cryptoquant
Ethereum collection leaves are a specific rating of wallet addresses used to track long -term conduct in the Ethereum Network. These leaves do not usually have outgoing transactions, ie ETH is not used to spend or move.
In 2024, these leaves deposited more than 5.8 million ETH in a 12 -month period. In 2025, the collection rate has increased significantly, with the same address that has been achieved 4.73 million ETHs at the age of three months.
Higher data suggests that large holders are likely to benefit from the low cost of ETH by adding Alkatin to a discount, which is currently below its height of 58.4 %.
This article does not have investment suggestions or recommendations. Each investment and trade initiatives include a threat, and readers should do their research when making a decision.
