Altcoins News
By Maheen Hernandez
1 / 15
Price Action: Bears Extend Control. The latest price movement shows Ethereum struggling to find buying strength after an earlier…
2 / 15
Technical Setup: Key Resistance and Support Zones. If Ethereum attempts a recovery, immediate resistance sits at $3,650, followed by a more…
3 / 15
Market Sentiment Turns Bearish Again. The broader crypto market has entered another period of uncertainty, with risk sentiment weakening…
4 / 15
Indicators Reflect Persistent Weakness. The MACD (Moving Average Convergence Divergence) for ETH/USD remains firmly in the bearish zone,…
5 / 15
Key Levels to Watch
6 / 15
Short-Term Outlook: Pressure Persists, But Bulls Still Have Hope. While short-term sentiment has turned bearish, Ethereum still holds potential for recovery if it…
7 / 15
Ethereum is once again under pressure as a fresh wave of selling drags the cryptocurrency below the $3,700 level.
8 / 15
At the time of writing, Ethereum is trading below $3,700 and the 100-hourly Simple Moving Average (SMA), reflecting a clear shift in short-term sentiment.
9 / 15
Data from Kraken indicates that a contracting triangle pattern has formed on the hourly chart, with resistance near $3,650.
10 / 15
Ethereum’s recent low at $3,557 has become an important pivot. A sustained close below this level would confirm renewed bearish control and open the path toward $3,500 and…
11 / 15
The next resistance lies at $3,800, coinciding with the 100-hourly SMA. A breakout above this level could allow Ethereum to retest $3,880, a zone where prior rallies have…
12 / 15
On the downside, $3,580 and $3,550 serve as immediate supports. A clear breakdown below $3,550 could intensify selling pressure and bring $3,500 into focus.
13 / 15
Technical analysts warn that the market could face another wave of correction if the current support zones fail to hold.
14 / 15
The recent correction is also seen as a healthy adjustment following weeks of gradual gains.
15 / 15
Meanwhile, the Relative Strength Index (RSI) has dipped below 50, confirming bearish dominance.
The Currency Analytics
Want the full story?