Мнение: Ethereum вошел в «зону покупки», но что сдерживает быков?

cryptonews.ruPublished on 2025-11-19Last updated on 2025-11-19

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  • Падение котировок в ноябре превысило 20% и способствовало падению индикатора Mayer Multiple ниже 1, что исторически совпадало с формированием дна.

  • Рынок избавился от чрезмерного левериджа, в то же время кластеры заявок у $2900 и $2760 предупреждают о рисках волатильности перед потенциальным восстановлением.

17 ноября курс Ethereum (ETH) протестировал $3000, которые в последний раз фиксировались 15 июля.

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Дневной график ETH/USD. Источник: Cointelegraph/TradingView.

Метрика Mayer Multiple впервые с середины июня опустилась ниже 1. Подобная ситуация говорит о дисконте криптовалюты относительно долгосрочного тренда. Область таких значений соответствует периодам аккумуляции монет. Рост выше 2,4 говорит о рисках перехода к активному распределению.

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Динамика Mayer Multiple. Источник: Capriole Investments.

На протяжении всей истории второй по капитализации криптовалюты показатели ниже 1 обычно указывали на долгосрочные минимумы. Исключение — январь 2022 года, когда индикатор оставался подавленным из-за более широкого медвежьего рынка.

По теме: кит увеличил запас Ethereum до $1,3 млрд и усилил надежды на рост к $4000

Краткосрочные риски

Несмотря на упомянутый сетап на накопление, в краткосрочной перспективе ситуация для быков выглядит неоднозначной.

По данным Hyblock Capital, после прорыва психологического рубежа в $3000, остаются еще несколько плотных кластеров, которые могут привести к новым волнам ликвидаций, прежде чем образуется прочная база.

«Они в зонах от $2904 до $2916 и от $2760 до $2772», — сообщили специалисты.
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Источник: Hyblock.

В Altcoin Vector уточнили, что текущая структура ликвидности соответствует эпизодам, которые предшествовали формированию среднесрочного дна. Согласно экспертам, на это может потребоваться недели. Они призвали не рассчитывать на резкий разворот.

В случае поступления ликвидности в это «окно коррекции» Ethereum может в итоге вернуться на траекторию роста. В случае, если этот процесс затянется — возрастет риск обновления минимумов, заключили аналитики.

Cryptocurrencies, Investments, Markets, Cryptocurrency Exchange, Price Analysis, Market Analysis, Altcoin Watch, Ether Price, Ethereum Price
Источник: Altcoin Vector.

По теме: шансы Ethereum на рост до конца 2025 года зависят от четырех ключевых факторов

Эта статья не содержит инвестиционных советов или рекомендаций. Каждое инвестиционное и торговое решение связано с риском, читатели должны самостоятельно проводить исследование перед принятием решений.

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