Ethereum Price Struggles To Hold Strength, Downside Risks Build
Ethereum price started a fresh increase and remained stable above $2,380. ETH is now correcting gains and might decline if it trades below $2,300. Ethereum started a downside correction from the $2,420 zone. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2,365 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,365 zone. Ethereum Price Trims Gains Ethereum price managed to stay above the $2,320 support and started a fresh increase, like....
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Ethereum has experienced a massive drop, reaching its lowest level since late November 2023. The entire market has been hit by extreme volatility, uncertainty, and aggressive price swings, with ETH losing over 20% of its value in just hours. Investors fear that this correction could extend further as Ethereum struggles to reclaim key demand levels. Related Reading: Dogecoin Breaks Above Falling Wedge Pattern – Analyst Sets $0.43 Target Analysts are closely monitoring Ethereum’s price action, as the next few days could determine the short-term outlook for the second-largest cryptocurrency.....
XRP’s price struggles to hold above key support as the price needs to hold above $0.44 to maintain its bullish run. XRP continues to struggle as bearish divergence appears on the daily timeframe suggesting a change in trend could be imminent. The price of XRP continues to trade below the 200 Exponential Moving Average (EMA) as 50 EMA acts as support on the daily timeframe. The price of Ripple (XRP) in the past few weeks has seen more traction as the price showed strength rallying from its weekly low to a high of $0.52. Despite so much uncertainty that befalling the crypto market....
Ethereum has experienced a massive drop, losing over 27% of its value in less than five days as the market faces extreme fear and uncertainty. The rapid sell-off has fueled speculation that a bear market could be on the horizon, with many analysts calling for further downside in the coming months. Related Reading: Dogecoin Open Interest Declines 67% In Three Months – Can Meme Coins Recover? However, despite the overwhelming bearish sentiment, there is still a chance for Ethereum to recover as the price is now testing a crucial demand level. If bulls manage to hold this area, ETH could....
ATOM struggles to break $17 as the price gets rejected. The price of ATOM enters the distribution phase on a daily timeframe. ATOM’s price needs to hold the key support at $12 to maintain a bullish structure. Hidden bearish divergence resurfaces in the 4H timeframe. Cosmos (ATOM) has been the major player of the current relief bounce, with price rallying from a region of $6 to $17, with many paying so much attention to its ecosystem as this could prove to be a major player also in the bull run. The price of Cosmos (ATOM) showed so much strength, holding pretty well against tether....
Ethereum is facing a pivotal test as the market struggles to hold momentum amid mounting selling pressure. After losing the $4,500 level, ETH has entered a tight consolidation range, with bulls now forced to defend current levels. Analysts warn that failure to reclaim $4,500 soon could open the door to a deeper correction, with downside […]