After a recent retrenchment, it returned to the vicinity of March 2021 at the fare price. According to the market analyst Ali Martinez, this means that the cumulative increase in ETH over the past few years has almost been wiped out, and that $1060 is a key point for attention.
Back to the price range a few years ago.
According to the data quoted by Martinez, if investors invest $10,000 in March 2021 to buy an ETA, the overall return on this investment is close to even at current prices.
This means that, despite the many rounds of increase and retreat that the Etheraf has experienced over the past few years, prices have finally returned to the important areas before. According to the article, this return to origin, although superficially weak, may also mean that the market is testing long-term support.
1060 dollars is critical.
According to Martinez, $1060 is the core price of the current round. In a similar cycle, the purchase had re-entered the field near this level, so whether the position could be maintained might determine the direction of the next phase of ETH.
If the price continues to be above $1060, it means that the next line remains, and market sentiment may be gradually repaired. On the contrary, if this support fails, ETH may still face further downward pressure.
Look up first. $2850.
According to Martinez, as long as it remains above the critical support level, there is an opportunity for the price to rebound to $2850, while the further target is $4630.
At the same time, however, the article mentions that the current downward pressure on the market has not yet been fully abated. Whether ETH can make a stronger breakthrough will still depend on its ability to maintain a steady closing over key areas and attract more buybacks.