Ethereum Faces Renewed Pressure — More Losses Possible If Trend Persists
Ethereum price started a fresh decline below $3,850. ETH is moving lower below $3,800 and might decline further if it trades below $3,680. Ethereum started another bearish wave after it failed to clear $3,920. The price is trading below $3,800 and the 100-hourly Simple Moving Average. There was a break below a rising channel with support at $3,840 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $3,680. Ethereum Price Dips Again Ethereum price failed to stay in a positive zone and started a fresh decline, like Bitcoin. ETH price....
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Ethereum price after an upside move faced sellers near $10.58 against the US Dollar, and it looks like ETH/USD is back under a minor bearish pressure. Key Highlights. ETH price seems to be struggling near the $10.58-10.60 levels against the US Dollar. Yesterday’s highlighted connecting resistance trend line on the hourly chart of ETH/USD (data feed via SimpleFX) continued to act as a barrier near $10.56. The price is now moving back down, and may find support near the 100 hourly simple moving average at $10.35. Ethereum Price Support. We saw yesterday how there was a nice upside move in....
Ethereum (ETH) hit a new yearly low of $2,076 earlier today, further weakening sentiment around the second-largest cryptocurrency by market cap. If Ethereum falls below $2,000, it could trigger additional losses for investors. Ethereum Sentiment At A 12-Month Low According to data from CoinGecko, Ethereum has dropped roughly 28% over the past 30 days and […]
Ethereum price somehow remained above the $10.20 support against the US Dollar, but ETH/USD faces sellers on the upside near $10.30-10.40. Key Highlights. ETH price attempted a minor bounce against the US Dollar, but faced sellers near $10.40. There is a bearish trend line formed on the hourly chart of ETH/USD (data feed via SimpleFX), which has a resistance near $10.30. On the downside, the $10.20 low is acting as a support and preventing losses. Ethereum Price Resistance. There was a continuous selling pressure on ETH price against the US Dollar with resistance near $10.30-10.40. There....
Ethereum (ETH) is facing significant selling pressure, trading below the $1,900 mark as market uncertainty continues to weigh on price action. After losing the critical $2,000 level, ETH plunged as low as $1,750, marking its lowest point since October 2023. Bulls are now under pressure, as they must defend the current demand zone to prevent further downside and restore investor confidence. Related Reading: Bitcoin Lost And Retested The 200-Day MA As Resistance – Here’s What Happened Last Time Market conditions remain fragile, with Ethereum struggling to find strong buying interest. If....
Ethereum has been lagging behind Bitcoin as of late, not being able to match the immense gains seen by the benchmark cryptocurrency This trend has come about due to Bitcoin sucking the oxygen out of the room, with the benchmark crypto outperforming just about every major altcoin as of late If this trend persists, Ethereum could continue posting relative weakness on its BTC trading pair, hampering the growth it sees against the dollar as well […]