In recent updates shared On X, crypto analyst Cryptowzrd noted Ethereum Ending the day on bearish paper, mirror Bitcoindecline. He noted that this synchronous decline indicates a potential increase in market volatility in the coming days, especially at the start of next week. As volatility may persist, time and precision will be key to navigating Ethereum’s next move.
Despite recent uncertainty
The crypto analyst further expanded his recent analysis, highlighting that Ethereum and EthBTC both printed slightly bearish daily candles. This subtle transformation mood Reflecting the wider market uncertainty arising from ongoing geopolitical tensions. These developments have instilled caution in the market, leading to short-term hesitation among major cryptocurrency assets, including Ethereum.
Despite the immediate weakness of the daily candle signal, analysts remain cautious about the medium- to long-term outlook for Ethereum, especially with EthBTC. He said EthBTC should see Further rise in the futurewhich indicates that the current retracement may be just a temporary pause before a larger upward continuation. However, he warned that the weekend could bring new fluctuations.
Another factor that can shape the Ethereum movement is the transition of traditional markets over the monthly and weekly timeframes. In addition, after five consecutive months of weakness, Ethereum’s monthly candle is strongly optimistic. this recover Even if short-term movement remains uncertain, it may indicate the beginning of a broader trend reversal.
Despite the positive monthly performance, analysts also acknowledged that weekly candles remain soft. This brings traders to the weekend with a mixed signal. As a result, he plans to closely monitor Ethereum’s intraday graph structure in the coming days, seeking opportunities to take advantage of the development of the short-term setup.
ETH’s next step depends on $2,604
Cryptowzrd summed up his analysis, pointing out that Ethereum’s intraday chart appears to be “somewhat volatile and bearish”. He stressed that holding above $2,604 at the resistance level of $2,604 Chance. However, trading below this level may cause continued lateral volatility throughout the weekend.
He also noted that the market is entering a monthly transition phase, which often leads to unpredictable movement. “Random fluctuations can happen anytime, anywhere,” he explained. Trader Stay cautious. Cryptowzrd plans to be patient and wait for signs of stable price action before entering any position. This cautious approach emphasizes the need for discipline and flexibility in a time of increasing market noise and uncertainty.
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