Altcoins News
By Dan Saada
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Ethereum Rebounds from Support but Fails to Hold Gains. Following a sharp decline earlier this week, Ethereum managed to find solid buying interest around…
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Trend Line Break Adds to Bearish Pressure. Adding to the negative sentiment was the break below a key bullish trend line, which had been…
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Immediate Resistance Levels to Watch. If ETH can manage to hold above the $3,500 level, a renewed push higher isn’t off the table.
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What Happens If Ethereum Fails to Reclaim Momentum?. On the flip side, if Ethereum continues to face selling pressure below $3,620 and fails to reclaim…
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Indicators Flash Bearish Signals. Technical indicators are currently tilting bearish. The MACD (Moving Average Convergence…
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Bulls Need to Step Up—Or Prepare for More Pain. While Ethereum has shown resilience in defending key support areas, its inability to sustain gains…
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Final Thoughts. Ethereum’s price action over the past 24 hours reveals a market stuck in indecision.
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Let’s break down what’s happening with Ethereum right now, including the key technical levels, indicators, and what traders should look out for.
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This recovery looked promising at first. Ethereum even managed to pierce through the $3,700 mark briefly.
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The resistance also coincided with the 61.8% Fibonacci retracement level of the recent downtrend from the $3,877 swing high to the $3,369 low.
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Adding to the negative sentiment was the break below a key bullish trend line, which had been providing support near $3,620 on the hourly chart of ETH/USD.
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At the time of writing, Ethereum is trading below $3,600 and the 100-hour Simple Moving Average (SMA)—a sign that the current trend is losing strength.
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If ETH can manage to hold above the $3,500 level, a renewed push higher isn’t off the table. The first hurdle lies around the $3,620 zone.
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A clean breakout above $3,750 could open the door for further upside. In such a scenario, Ethereum could aim for $3,820.
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On the flip side, if Ethereum continues to face selling pressure below $3,620 and fails to reclaim the 100-hourly SMA, the risk of an Ethereum pullback grows significantly.
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