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Ethupdate

Ethereum Closes with 10% Loss, Testing Key Support at $2,400Market Update: Ethereum had a challenging week, closing with a 10% loss, briefly dipping below $2,400. ETH is now attempting to reconfirm $2,400 as support after wiping out all gains from September, turning market bias bearish. Technical Outlook: Ethereum is on the verge of making a lower low, and the coming days are crucial for the remainder of the month. If weakness persists, the price could drop to $2,200, but if buyers return, a recovery towards $2,500 is possible. #Ethereum #ETH #CryptoMarket #BearishBias #PriceAction #SupportLevels #ETHUpdate
COINBASE:ETHUSD
by Richtv_official
#ETH: UPDATE Ethereum is currently encountering a crucial price range between $2370 and $2400, with the lower trendline of this range serving as a formidable resistance. Presently, Ethereum is experiencing rejection at this level, indicating a significant challenge for bullish momentum. For the bulls to gain control and initiate an upward trend, it is essential for Ethereum's price to break through the resistance presented by the $2370 to $2400 range. If successful, this could signal a positive shift in market sentiment. However, should the prevailing bearish pressure persist, there is a likelihood that Ethereum may face rejection and decline towards the lower support level. Traders and investors are advised to stay informed and monitor the market closely for updates on the evolving situation. I will provide further updates as the scenario unfolds.
by CRYPTOMOJO_TA
3
Ethereum is struggling with an important key levelFundamenta Aspect Ethereum Upgrade Delays 'Difficulty Bomb', more on my blog as I cannot paste the link here. Technical Aspect Ethereum is establishing fresh support above the $3,500 level, and if buyers continue to break over the crucial resistance level of $4,000, the price may begin a new rally. If buyers continue to sway the market, the nearest obstacle they will encounter is at the $4,000-$4,150 level. The price's first significant resistance level is at $3,950, which, if broken, might signal the commencement of a fresh uptrend in the near term. Contrary to this assumption, if buyers can not overcome the $4,000 barrier, the downtrend may continue. In this case, the closest price support will be at $3,500 - $3550.
COINBASE:ETHUSDLong
by VipForexLive
ETHEREUM (Technical Analysis) ✅#Ethereum fell sharply as $ 3,200 support collapsed; It was traded at the lowest price level of $ 2,807 and is now trying to return. #ETH started a big drop from the $ 3,500 resistance range. As a result, many important support levels, including $ 3,300, collapsed and the price completely fell short of the 100-hour moving average. With the $ 3,200 support collapsing, the bears revived and went on to crush the $ 3,000 support. Eventually, their $ 3,000 support collapsed and the $ 2,807 floor was reached. ETH has since entered a bullish correction, with resistance levels at $ 2,920 and $ 2,950 re-conquered so far. Meanwhile, the 23.6% Fibonacci retracement level of the recent fall has been reversed from the $ 3,455 ceiling to the $ 2,807 floor. The nearest resistance level above is considered to be around $ 3,020. The ETH/USD pair's hourly chart also shows a downtrend with resistance around $ 3,020. Climbing and closing Kendall above $ 3,020 will probably be a good start for a bullish move. The next resistance level is expected at around $ 3,130, where the Fibonacci 50% level has fallen. Climbing to the top will provide an opportunity for an integrated ascent. The next significant resistance is in the $ 3,300 range. If ETH is not able to climb above the resistance level of $ 3,020, the fall will probably be more severe. In this case, the nearest downstream support level is around $ 2,960. The first strong support level is apparently forming in the $ 2,900 range. As it collapses, it is likely to fall to $ 2,750 support. With its loss, Ethereum will take refuge in the $ 2,640 support range.
by MonoCoinSignal
8
ETHEREUM TECHNICAL ANALYSIS✅#ETH surpassed the $3,400 resistance level by being in a bull movement. Favorable conditions are now provided for the $3,500 level to be exceeded. Ethereum formed a strong support base at around $3,200 and started a new uptrend. It managed to continue the resistance of $3,350 and the 100-hour moving average. The ETH/USD pair also broke the key resistance of the downtrend line in the range of $3,360. It then paved the way for the $3,400 resistance. #Ethereum continued to move above the $3,420 level and even tested the $3,450 level. After conquering the $3,450 peak, ETH is seen trying to stabilize its current position. So far, Fibonacci support at 23.6% has not lost the recent return of the $3,115 to $3,450 level. Fibonacci has not missed the recent climb from $3,115 to $3,450. The nearest resistance level upstream is around $3,420. Strong resistance has since been seen in the $3,450 range. By climbing to the top, the price will be raised to higher levels. The next significant resistance is at $3,500. Any further growth in this atmosphere would be conducive to further ETH ascent. But if #ETH is unable to climb above the $3,450 resistance level, a bearish correction will be imminent. In this case, the closest downstream support is in the $3,380 range. The next strong support seems to be forming in the $3,350 range. A further drop is likely to signal a 50% Fibonacci level. The next hurdle for bears is likely to be in the $3,240 range.
by MonoCoinSignal
17