Ether needs to reclaim the “macro” range above the $2,200 mark to amass more upside momentum as crypto markets remain pressured by global macroeconomic concerns until at least the beginning of April.
Ether ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/ethereum-price” rel=”null” target=”null” text=”null” title=”null”>ETH) price is down over 51% during its three-month downtrend after it peaked above $4,100 on Dec. 16, 2024, data-ct-non-breakable=”null” href=”https://www.tradingview.com/chart/JBpUV8Q8/?symbol=COINBASE%3AETHUSD” rel=”null” target=”null” text=”null” title=”null”>TradingView data shows.
ETH/USD, 1-day chart. Source: Cointelegraph/ data-ct-non-breakable=”null” href=”https://www.tradingview.com/chart/JBpUV8Q8/?symbol=COINBASE%3AETHUSD” rel=”null” target=”null” text=”null” title=”https://www.tradingview.com/chart/JBpUV8Q8/?symbol=COINBASE%3AETHUSD”>TradingView
To stage a reversal from thncoinglis downtrend, Ether price needs to reclaim the “macro range” above $2,200, wrote popular crypto analyst Rekt Capital in a…
