Altcoins News
By James Thorp
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ETH Price Struggles to Regain Momentum. Ethereum’s price action over the past few sessions mirrors the broader weakness seen in the crypto…
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Technical Breakdown and Fibonacci Levels. Ethereum’s current retracement has also taken it below several important Fibonacci levels.
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Key Resistance Levels to Watch. For Ethereum to regain short-term bullish traction, it must close above the $3,920 resistance level.
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Bearish Scenario: More Losses Possible. If Ethereum fails to hold above its immediate support levels, further downside could unfold.
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Market Sentiment and Broader Outlook. Market analysts attribute Ethereum’s renewed weakness to a combination of factors.
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What Could Reverse the Trend?. To reverse the current downtrend, Ethereum would need a combination of strong buying interest,…
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Conclusion. Ethereum remains under pressure, with bearish indicators suggesting the potential for further…
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Ethereum (ETH) is once again under bearish pressure as the world’s second-largest cryptocurrency struggles to hold above the $3,800 mark.
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Ethereum’s price action over the past few sessions mirrors the broader weakness seen in the crypto market, following Bitcoin’s inability to maintain momentum above $110,000.
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The latest drop saw Ethereum breach the lower boundary of a rising channel, with support previously sitting near $3,840.
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At the time of writing, ETH is trading below both $3,800 and its 100-hourly Simple Moving Average (SMA), a signal that short-term momentum favors the downside.
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Ethereum’s current retracement has also taken it below several important Fibonacci levels. Specifically, ETH has dropped beneath the 61.
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The next key level to watch is the 76.4% Fib retracement at around $3,720. A break below this zone could expose Ethereum to deeper losses, especially if broader market sentiment…
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If buyers manage to regain control, the first resistance will appear near $3,840. Beyond that, the next major hurdle sits at $3,860, aligned with the 100-hourly SMA.
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A successful move above $4,000 could extend gains toward the $4,120 region. If momentum continues, the next upside target lies near $4,200, where selling pressure is likely to…
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