Ether news
Ethereum has been under greater scrutiny in the midst of institutional interest and solid metric in the chain.
Standard Chartered recently increased its year -end goal for Ether to $ 7,500.00, citing higher corporate holdings and upplices in the use of Stablecoin on the Ethereum Network.
Together with that, Citi maintains a more conservative forecast of around $ 4,300.00, noting that current prices can already reflect the feeling more than the fundamental activity.
However, there are signs of potential vulnerability with the 5% drop on Monday, attributed to a combination of profits that take recent profits, the mixed feeling in the background flows (ETF) quoted in the stock market and the pressure of the derivative markets (future/option) where the open interest has been volatile.
Ether Case:
Ether is seen bouncing in its key area of ​​$ 4,105,53 to $ 3,941.08 support area consisting of March, May and December 2024, as well as the maximums of July 2025.
The bass from the end of August to September at $ 4,214,82 to $ 4,315.82 can act as resistance.
The maximum of Monday to $ 4,458.29 must be exceeded, so that the medium -term bull race resumes.
GUBLISH CASE:
If Ether fell for its main $ 4,105.53 to $ 3,941.08 Support area, the maximum of July 21 to $ 3,858.25 can re -analyze.
However, only a great bassist investment falls into the next lowest minimum at the beginning of August to $ 3,356.65 would increase the probabilities of maximum medium -term formation.
In this scenario, the area between February to June to $ 2,879.45 to $ 2,733.27 can be affected.
