Current Price: Ethereum trading at $2,921, down by 14.87% this week.
Support Breakdown: ETH price breaks crucial supports and the $3,000 mark.
Market Impact: Release of Mt. Gox Bitcoin payout increases supply pressure.
Bearish Patterns: Evening star formation and range breakdown retest at $3,460.
Trendline Breakout: Breaks long-term support trendline, plunges to day's low at $2,809.
MACD Signal: Bearish phase in MACD and signal lines under the zero line.
Whale Activity: Significant ETH dump and strategic repurchase at lower prices.
Whale Liquidation Risk: Major ETH holders face liquidation pressures on Aave and Compound.
Triple Black Crow Pattern: Daily chart indicates potential for further decline.
Potential Target: Extended crash could hit $2,616, an additional 10% drop.
Support Breakdown: ETH price breaks crucial supports and the $3,000 mark.
Market Impact: Release of Mt. Gox Bitcoin payout increases supply pressure.
Bearish Patterns: Evening star formation and range breakdown retest at $3,460.
Trendline Breakout: Breaks long-term support trendline, plunges to day's low at $2,809.
MACD Signal: Bearish phase in MACD and signal lines under the zero line.
Whale Activity: Significant ETH dump and strategic repurchase at lower prices.
Whale Liquidation Risk: Major ETH holders face liquidation pressures on Aave and Compound.
Triple Black Crow Pattern: Daily chart indicates potential for further decline.
Potential Target: Extended crash could hit $2,616, an additional 10% drop.
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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.