Current Price: Ethereum trading at $3,447 with minimal growth of 0.26%.
50D EMA Resistance: ETH price fails to surpass the 50-day Exponential Moving Average.
Price Rejection: After a top at $3,518, the price reverts to $3,420.
ETF Listing Delay: Delay in Ethereum ETF listing creates market anxiety and underlying weakness.
Higher Price Rejection: Recent price action shows a long-wick candle, indicating potential reversal.
Accumulation Phase: ETH struggles to break past the accumulation phase.
Consolidation Breakdown: Prices may revert to the ascending support trendline.
Bullish Indicators: Positive crossover in MACD and rising 200D EMA support an uptrend theory.
God Candle Anticipation: Market expects a significant price surge (God candle) with ETF listing.
SEC Delay: SEC requests another round of submissions for ETF listing, causing uncertainty.
All-Time High Potential: Possible target of $5,000+ levels if God candle materializes.
Fibonacci Target: 1.272 Fibonacci level at $5,581 indicates a 60% rise from the current price.
50D EMA Resistance: ETH price fails to surpass the 50-day Exponential Moving Average.
Price Rejection: After a top at $3,518, the price reverts to $3,420.
ETF Listing Delay: Delay in Ethereum ETF listing creates market anxiety and underlying weakness.
Higher Price Rejection: Recent price action shows a long-wick candle, indicating potential reversal.
Accumulation Phase: ETH struggles to break past the accumulation phase.
Consolidation Breakdown: Prices may revert to the ascending support trendline.
Bullish Indicators: Positive crossover in MACD and rising 200D EMA support an uptrend theory.
God Candle Anticipation: Market expects a significant price surge (God candle) with ETF listing.
SEC Delay: SEC requests another round of submissions for ETF listing, causing uncertainty.
All-Time High Potential: Possible target of $5,000+ levels if God candle materializes.
Fibonacci Target: 1.272 Fibonacci level at $5,581 indicates a 60% rise from the current price.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.