Altcoins News
By Dan Saada
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Struggles to Break $4,500. Ethereum showed signs of recovery earlier this week as it bounced from the $4,260 zone, a level…
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Key Levels to Watch. On the upside, immediate resistance remains at $4,450, followed by $4,480.
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Technical Outlook. Market indicators reflect the cautious sentiment. The hourly MACD for ETH/USD is trending further…
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What’s Next for Ethereum?. Ethereum’s failure to hold above $4,500 is raising red flags among traders.
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Ethereum’s recent rebound is losing momentum, with the cryptocurrency once again facing pressure at critical resistance levels.
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Ethereum showed signs of recovery earlier this week as it bounced from the $4,260 zone, a level that had acted as strong short-term support.
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However, the upside was capped by selling pressure near $4,480 and $4,500. Despite multiple attempts, bulls failed to establish control above these resistance levels. The 61.
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Ethereum is now trading under both the $4,450 level and the 100-hourly Simple Moving Average.
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On the upside, immediate resistance remains at $4,450, followed by $4,480. A stronger hurdle sits at $4,500, a zone that Ethereum needs to clear convincingly in order to shift…
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On the downside, the $4,375 area is acting as the first line of defense. A decisive move below $4,340 could trigger stronger selling pressure, potentially pushing ETH toward…
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Market indicators reflect the cautious sentiment. The hourly MACD for ETH/USD is trending further into bearish territory, signaling growing downside momentum.
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Ethereum’s failure to hold above $4,500 is raising red flags among traders. While a breakout above resistance could quickly restore bullish confidence and open the door for…
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For now, Ethereum remains caught between strong overhead resistance and firm support. A break on either side of this range is likely to determine the next major move.
The Currency Analytics
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