Ethereum Tests Long-Term Demand Zone
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Ethereum prices have tanked to bear market lows and are currently at a long-term demand zone, say analysts.
“Ethereum is sitting at a 5-year demand zone,” said analyst Merlijn The Trader on Monday. “Historically, this range has been accumulation, not distribution,” he added.
Ether prices are currently back at April 2025 levels, where it crashed briefly below $1,500. They are also back to long-term lows between July 2022 and November 2023, which was a deep bear market and accumulation zone. However, they could wallow around this level for months yet.
Nevertheless, the analyst remains confident that “momentum is building for a potential explosive run.”
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