Altcoins News
By Evie Vavasseur
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ETH Fails to Hold Above $3,400. According to market data, Ethereum fell below $3,420 and $3,400, with sellers maintaining…
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Key Resistance Levels to Watch. For any meaningful recovery, Ethereum must break through immediate resistance around $3,350 and…
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Downside Risks Remain. If Ethereum fails to reclaim $3,380 in the short term, another leg lower appears likely.
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Market Sentiment and Technical Outlook. The broader crypto market remains cautious after a recent wave of liquidations reduced leveraged…
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Ethereum’s Broader Outlook. Despite near-term weakness, long-term fundamentals for Ethereum remain strong.
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Conclusion. Ethereum’s struggle below $3,400 underscores the market’s cautious tone heading into November.
7 / 15
Ethereum (ETH) is once again showing signs of weakness after a failed attempt to sustain gains above $3,450.
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After briefly stabilizing earlier this week, Ethereum’s price lost momentum and began a new downward move from the $3,480 region.
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Chart analysis shows that ETH is facing resistance near a descending trend line at $3,380 on the hourly timeframe.
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“The inability to hold above $3,400 highlights weak buyer conviction,” said one analyst. “Until ETH reclaims the $3,480–$3,500 zone, short-term momentum will remain negative.”
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Should the market regain bullish momentum, ETH could potentially target the $3,650–$3,675 range.
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If Ethereum fails to reclaim $3,380 in the short term, another leg lower appears likely. Immediate support is located at $3,250, followed by $3,220 — both of which have served as…
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A decisive break below $3,220 could accelerate selling pressure, pushing ETH toward $3,150 and possibly retesting the $3,050 zone.
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Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) both suggest bearish momentum remains dominant.
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Market observers note that the recent consolidation phase could help reset overextended positions, potentially building a stronger base for the next bullish wave — provided macro…
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