Ethereum

Solana

Daily

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<ol> 
 <li>When examining Ethereum’s daily chart, it’s noted that an upward movement started from the previous support, but today experienced a 1.15% decline.</li> 
 <li>If the ETH price fails to achieve 4-hour closures above $3,272, it may continue its decline towards the support range of $3,071 – $3,034.</li> 
 <li>In case of encountering strong buyers, Ethereum may aim to restart the upward trend, hence investors should closely monitor the $3,071 – $3,034 support range.</li> 
</ol> 
<p><strong>Ethereum’s daily chart is down 1.15% today despite a rally from previous support, candle closes above $3272 are important.</strong></p>
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<h2 id="b-medium-term-eth-analysis-b"><b>MEDIUM TERM ETH ANALYSIS</b></h2> 
<figure id="attachment_137859" aria-describedby="caption-attachment-137859" style="width: 100%" class="wp-caption alignnone">
 <a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/ETHUSDT-1D-Chart-scaled.webp?quality=70&amp;ssl=1"><img loading="lazy" decoding="async" class=" td-modal-image wp-image-137859 size-full" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/ETHUSDT-1D-Chart-scaled.webp?resize=696%2C331&amp;quality=70&amp;ssl=1" alt="ETH/USDT Price Chart Daily" width="696" height="331" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/ETHUSDT-1D-Chart-scaled.webp?w=2560&amp;quality=70&amp;ssl=1 2560w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/ETHUSDT-1D-Chart-scaled.webp?resize=300%2C143&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/ETHUSDT-1D-Chart-scaled.webp?resize=1024%2C487&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/ETHUSDT-1D-Chart-scaled.webp?resize=768%2C365&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/ETHUSDT-1D-Chart-scaled.webp?resize=1536%2C731&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/ETHUSDT-1D-Chart-scaled.webp?resize=2048%2C975&amp;quality=70&amp;ssl=1 2048w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/ETHUSDT-1D-Chart-scaled.webp?resize=150%2C71&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/ETHUSDT-1D-Chart-scaled.webp?resize=696%2C331&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/ETHUSDT-1D-Chart-scaled.webp?resize=1068%2C508&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/ETHUSDT-1D-Chart-scaled.webp?resize=1920%2C914&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/04/ETHUSDT-1D-Chart-scaled.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a>
 <figcaption id="caption-attachment-137859" class="wp-caption-text">
  ETH/USDT Price Chart Daily
 </figcaption>
</figure> 
<p>When examining the daily technical chart of Ethereum, it can be observed that it attempted to initiate an upward movement from the previously mentioned support zone but experienced a decline today. ETH price retreated to the $3,176 levels with a 1.15% decrease.</p> 
<p>Unless the ETH price achieves 4-hour candle closes above the <strong>$3,272</strong> level during the day, the downward trend may continue towards the support range of $3,071 – $3,034. However, if the ETH price encounters strong buyers at the red line supports mentioned in the analysis, it may aim to restart the upward trend.</p> 
<p>Therefore, ETH and altcoin spot investors need to carefully monitor the $3,071 – $3,034 support range. In fact, if ETH falls into this zone, they can evaluate their spot investments by paying attention to whether it closes daily candles below $2,867.</p>
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<p>If ETH manages to rebound from the red support levels in the analysis, the upward targets will be <strong>$3,414 – $3,722</strong> respectively.</p>

Will Ethereum Launch the Bullish Rally? Current ETH Analysis

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