According to external sources, the Ether Workshop has returned to a range of US$ 1780 to US$ 1800 since its low rebound in the previous period. According to the article, this position remains the most visible drag belt for short lines. The failure to stand steady on several previous trips suggests that the upper pressure remains, but the chain data do not yet indicate that the currency holders are concentrated in the exchange.
It's a short-line focus around $1,800.
In terms of movement, ETH had been supported in the vicinity of $1550, and then quickly recovered. The article mentions that short-term emotions have been repaired after a low-level pass, but prices are still below critical resistance and have not yet led to a clearer upward breakthrough.
At the same time, it is mentioned that ETH is still operating under the cloud layer of a balanced vision, which means that the trend at the larger level is not yet fully stronger. However, some of the technical signals are improving, indicating that the buyer ' s strength has recovered from earlier periods. At the same time, relatively strong and weak indicators return to neutral regions and market heat is not significantly excessive.
The exchange stock has not returned. litres
With regard to the data on the chain, the article states that in early June, the exchange ' s ETH stock was close to 15.9 million and then fell to about 1540,000, which has generally stabilized in recent weeks. The lack of a rapid recovery in reserves usually means that investors do not move ETH back to the exchange on a large scale for sale.
This has also hampered the current situation in the vicinity of $1,800, more like a technical pressure than being driven by a concentration of profits. A subsequent exchange may mean a build-up of sales pressure if there is a significant increase in reserves or a strong net inflow.
Follow-up on two price regions
According to the article, if ETH were to be able to fit $1,800 on the downstation, the market could look further at $1900, followed by the higher integer level of $2,000. On the contrary, if the price drops again in the vicinity of the resistance, the price may first look back at $1680.
If the pressure is further increased, the 1550 to $1600 area remains the main demand belt below. Overall, the article argues that the short-term repair of the ETA trend has not been undermined, but the ability to move from a rebound to a continuous upturn will depend on whether the buyout absorbs the sales pressure above $1,800.