Ethereum (ETH): Bearish Momentum Continues Amid Support Levels
🔥 Potential Price Targets:
🩸 Near-term Goal: $3,100
🩸 Long-term Goal: $2,800
🔥 FinCaesar's Strategy:
🩸 Short: Below $3,400, targeting $3,100 and $2,800. Bearish MACD and sustained selling pressure support further declines.
🩸 Long: Above $3,700, aiming for $3,800 and $4,000. A reversal would require significant bullish volume, which remains uncertain.
🔥 FinCaesar's Commands:
🩸 Resistance: $3,700 — The next key barrier for the bulls to break.
🩸 Support: $3,100 — If broken, expect a sharp selloff toward lower levels.
Ethereum is currently under bearish pressure, with MACD momentum weakening and the price struggling below the critical resistance of $3,700. A breakdown below $3,100 could spark a deeper decline, making caution paramount for the bulls.
👑 "In uncertain markets, only the bold will conquer—remain relentless in your pursuit." — FinCaesar
🩸 Near-term Goal: $3,100
🩸 Long-term Goal: $2,800
🔥 FinCaesar's Strategy:
🩸 Short: Below $3,400, targeting $3,100 and $2,800. Bearish MACD and sustained selling pressure support further declines.
🩸 Long: Above $3,700, aiming for $3,800 and $4,000. A reversal would require significant bullish volume, which remains uncertain.
🔥 FinCaesar's Commands:
🩸 Resistance: $3,700 — The next key barrier for the bulls to break.
🩸 Support: $3,100 — If broken, expect a sharp selloff toward lower levels.
Ethereum is currently under bearish pressure, with MACD momentum weakening and the price struggling below the critical resistance of $3,700. A breakdown below $3,100 could spark a deeper decline, making caution paramount for the bulls.
👑 "In uncertain markets, only the bold will conquer—remain relentless in your pursuit." — FinCaesar
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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.
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.