Crypto Blog
Ethereum’s price has been dropping recently, following a second rejection from the $4,000 resistance level, and it has yet to recover.
The price is currently retesting the 200-day moving average but is seemingly getting rejected to the downside. As things currently stand, the cryptocurrency seems likely to drop toward the $2,700 support level in the short term.The 4-hour chart demonstrates a zoomed-in view of the recent price action. As evident, the downtrend has recently been aggravated to the downside, with the market briefly breaking below the $3,000 support level.
During the Ethereum downtrend in the last few weeks, many analysts have been looking for signs of capitulation that point to a potential bottom. Some signals are becoming evident.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum Price Analysis: ETH Holds at $3K but is Another Crash Imminent?Crypto Blog
Read more »
Ethereum Price Analysis: Is $3K Imminent for ETH Following 5% Daily DumpCrypto Blog
Read more »
ETH Increases Toward $3.5K, Erases Much of Earlier Losses (Ethereum Price Analysis)Crypto Blog
Read more »
Ethereum Price Analysis: ETH Bulls Eye $3,500 as Hopes for a Bottom EscalateCrypto Blog
Read more »
ETH Remains Relatively Stable at $3.5K but Bears Target $3,000 Next (Ethereum Price Analysis)Crypto Blog
Read more »
Ethereum ETFs may not cause upward surge in ETH price as many expectEthereum's (ETH) price increased over 4% in the past 24 hours after the Securities & Exchange Commission (SEC) dropped its Ethereum 2.0 investigations amid expectations of spot ETH ETFs.
Read more »