Ethereum

Cryptocurrency

Resistance

when

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-struggles-with-key-resistance-levels/" data-wpel-link="internal">Ethereum Struggles with Key Resistance Levels</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/ethereum-eth-kurucusu-bu-projeyi-once-elestirdi-sonra-ovdu" data-wpel-link="internal">Ethereum</a></strong> has recently been stuck around the $3,200 resistance level. If it remains below this level, a significant downward trend could begin. Currently, <a href="https://en.coin-turk.com/technical-analysis-of-ethereum-important-support-and-resistance-levels/" data-wpel-link="internal">Ethereum</a> is struggling to break above the $3,200 resistance but faces a further barrier at $3,280. The price is trading below the $3,200 level and the 100-hour Simple Moving Average, indicating that bears are still in control.</p> 
<h2 style="text-align: justify" id="ethereum-encounters-resistance-at-this-level">Ethereum Encounters Resistance at This Level</h2> 
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/ethereum-etf-awaits-sec-approval-as-grayscale-pushes-forward/" data-wpel-link="internal">ETH</a></strong>/USD pair’s four-hour chart shows a significant downtrend line at $3,120 resistance, suggesting difficulties in upward movements. Moreover, a close below the $2,900 support zone could signal the start of another downward trend.</p> 
<p style="text-align: justify">Ethereum has recently been attempting to recover above the $3,000 support level but struggles to rise above $3,200. The highest level reached was around $3,278, from which it reacted downward.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-341040 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/ethereum-eth-coin-turk-com-1-4.png" alt="" width="1835" height="806"></p> 
<p style="text-align: justify">Considering critical levels, a decisive move by Ethereum is expected soon. If the $3,200 resistance is breached, the $3,280 level will become significant, and overcoming this level will be necessary for the price to gain upward momentum. However, if a rise occurs under these conditions, the price might even test the $3,620 resistance.</p> 
<h2 style="text-align: justify" id="downward-movements-could-bring-these-levels-for-eth">Downward Movements Could Bring These Levels for ETH</h2> 
<p style="text-align: justify"><a href="https://coin-turk.com/fed-toplantisi-shiba-avax-ve-doge-yatirimcilarini-nasil-etkileyecek" data-wpel-link="internal">Cryptocurrency</a> Ethereum’s current situation shows that the first support point is around $3,000. However, in a more serious decline, the first major support zone could be around $2,900.</p> 
<p style="text-align: justify">If prices fall below these levels, a support at $2,710 could become prominent. A move below this level might pull prices to around $2,650, and further losses could lead to a retreat to the $2,550 level.</p> 
<p style="text-align: justify">On the other hand, when examining technical indicators, the four-hour MACD for ETH/USD is losing momentum in the bearish zone, while the four-hour RSI is observed to be above the 50 level. These indicators reflect the current uncertainty in Ethereum’s situation.</p> 
<p style="text-align: justify">In light of all these data, the main support level for cryptocurrency ETH investors appears to be $2,900, while the main resistance level is still determined as $3,200.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ethereum-struggles-with-key-resistance-levels/" data-wpel-link="internal">Ethereum Struggles with Key Resistance Levels</a></h5>

Ethereum Struggles with Key Resistance Levels

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