Ethereum

Resistance

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-struggles-below-3000-mark/" data-wpel-link="internal">Ethereum Struggles Below $3,000 Mark</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/ethereum-ripple-ve-dogecoin-yukseliste-altcoinler-kayiplari-telafi-ediyor" data-wpel-link="internal">Ethereum</a>‘s price has dropped below the $3,000 level. <strong><a href="https://en.coin-turk.com/sec-postpones-decision-on-fidelitys-ethereum-etf-application/" data-wpel-link="internal">ETH</a></strong> could indicate the start of a strong recovery trend if it surpasses the resistance levels of $3,100 and $3,200. However, it is mentioned that the bulls are tired, which is evident as the price is currently moving at $2,978. What levels should be watched for <a href="https://en.coin-turk.com/peter-brandt-criticizes-ethereum-as-insignificant/" data-wpel-link="internal">Ethereum</a>?</p> 
<h2 style="text-align: justify" id="ethereum-drops-below-3-000">Ethereum Drops Below $3,000</h2> 
<p style="text-align: justify">Recently, <strong>Ethereum</strong> entered a slow decline after failing to surpass the $3,200 resistance area. The price tried to hold in a falling zone below $3,100, encountering bearish signals similar to other cryptocurrencies like <a href="https://coin-turk.com/bitcoin-btc-icin-yeni-rekor-aylik-kapanisa-bagli" data-wpel-link="internal">Bitcoin</a>.</p> 
<p style="text-align: justify">Bears have recently managed to pull the price below the $3,000 support area. Due to the exhaustion of the bulls, they could not lift the ETH price above $3,000. The immediate resistance level is around $3,000.</p> 
<h2 style="text-align: justify" id="eth-resistance-points">ETH Resistance Points</h2> 
<p style="text-align: justify">The first major resistance point is near the $3,100 level and the 100-hour Simple Moving Average. Next, a key resistance level is around $3,200, and surpassing this level could see the price rise towards $3,280.</p> 
<p style="text-align: justify">If a close above the $3,280 resistance level occurs, it is thought that Ethereum could initiate a move towards the $3,500 pivot level. Surpassing this level could lead to a climb towards $3,650 in upcoming sessions.</p> 
<h2 style="text-align: justify" id="if-ethereum-fails-to-break-3-000-resistance">If Ethereum Fails to Break $3,000 Resistance</h2> 
<p style="text-align: justify">If it fails to surpass the $3,000 resistance level, Ethereum could face further losses. Currently, the first support level Ethereum faces is around $2,950. However, a larger decline could make the $2,900 area significant.</p> 
<p style="text-align: justify">A clear move below $2,820 could direct Ethereum’s price towards $2,600. Worse, if this loss continues, it could soon pull the price down to $2,550.</p> 
<h2 style="text-align: justify" id="technical-indicators">Technical Indicators</h2> 
<p style="text-align: justify">The hourly <strong>MACD</strong> for ETH/USD is gaining momentum in the negative zone. This indicates a bearish outlook in the short term. The hourly <strong>RSI</strong> (Relative Strength Index) for ETH/USD is currently below the 50 level, which could signal the continuation of the downturn.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-341597 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/ethereum-eth-coin-turk-com-1-5.png" alt="" width="1825" height="811"></p> 
<p style="text-align: justify">The main support level for Ethereum is stated as $2,900. It is crucial for Ethereum’s price recovery to stay above this level. The main resistance level is still $3,000, but surpassing this level would be an important step for an upward movement.</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-below-3000-mark/" data-wpel-link="internal">Ethereum Struggles Below $3,000 Mark</a></h5>

Ethereum Struggles Below $3,000 Mark

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