Ethereum

Cryptocurrency

Resistance

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-price-trends-and-critical-resistance-levels/" data-wpel-link="internal">Ethereum Price Trends and Critical Resistance Levels</a><br></p>
<p style="text-align: justify">Recent developments in the <strong><a href="https://coin-turk.com/ethereum-eth-balinalari-yuklu-miktarda-eth-satiyor-neler-oluyor" data-wpel-link="internal">Ethereum</a></strong> market have caused concern and speculation among investors closely monitoring the cryptocurrency world. <a href="https://en.coin-turk.com/paradigm-transfers-6500-eth-to-coinbase-sparking-market-speculation/" data-wpel-link="internal">Ethereum</a>‘s price failed to overcome the resistance zone at $3,280 and has fallen below the $3,200 support level. It is currently consolidating losses above $3,100.</p> 
<h2 style="text-align: justify" id="ethereum-price-approaches-critical-support">Ethereum Price Approaches Critical Support</h2> 
<p style="text-align: justify">Ethereum’s difficulty in surpassing the $3,250 and $3,280 resistance levels has created a noticeable resistance atmosphere in the market. The price, trading below $3,200 and dropping below the 100-hour Simple Moving Average, has raised concerns among investors.</p> 
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/ethereum-attracts-investors-with-potential-rise-to-10000/" data-wpel-link="internal">ETH</a></strong>/USD’s hourly chart shows a significant break below the $3,190 support, indicating that bears are gaining strength. If the pair trades below the $3,100 support, there is a fear that the downward movement may continue.</p> 
<h2 style="text-align: justify" id="eth-in-a-downtrend">ETH in a Downtrend</h2> 
<p style="text-align: justify">With Ethereum struggling to surpass the $3,250 and $3,280 resistance levels, a new downtrend has begun. ETH has fallen below the $3,200 support, entering a short-term downtrend.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-344281 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/ethereum-fiyati-coin-turk-com-.png" alt="" width="1824" height="799"></p> 
<p style="text-align: justify">Particularly, a break below an important ascending trend line at $3,190 on the ETH/USD four-hour chart is causing market concern. The pair has retreated to around $3,150, testing the $3,100 level. However, some stability was achieved at a low of $3,105, and the price is currently consolidating losses at these levels.</p> 
<h2 style="text-align: justify" id="critical-resistance-levels">Critical Resistance Levels</h2> 
<p style="text-align: justify">The immediate resistance level is around $3,180, just below the 100-hour Simple Moving Average. The first major resistance is near the $3,200 level or close to the 50% Fibonacci retracement level of the recent decline at $3,291.</p> 
<p style="text-align: justify">The next key resistance is at the $3,220 level, and a rise above this level could see the price aiming towards $3,250. If a close above the $3,250 resistance occurs, Ethereum is likely to test the $3,280 resistance. Breaking this resistance could potentially lead Ethereum towards the $3,500 resistance zone.</p> 
<h2 style="text-align: justify" id="more-declines-could-bring-these-levels-for-eth">More Declines Could Bring These Levels for ETH</h2> 
<p style="text-align: justify"><strong><a href="https://coin-turk.com/cok-daha-kotusu-kapida-olabilir-en-buyuk-altcoin-icin-buyuk-risk" data-wpel-link="internal">Cryptocurrency</a></strong> Ethereum’s price could be in a further downtrend as long as it fails to surpass the critical $3,200 resistance. Currently, there is a downward momentum. In this scenario, the first support is around $3,120. In a larger decline, significant support could be provided at the $3,100 region.</p> 
<p style="text-align: justify">The main support point is near $3,030. If it drops below this level, selling pressure could increase, pulling Ethereum down to $2,850. Further losses might see the price retreating to as low as $2,650 in the near term.</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-price-trends-and-critical-resistance-levels/" data-wpel-link="internal">Ethereum Price Trends and Critical Resistance Levels</a></h5>

Ethereum Price Trends and Critical Resistance Levels

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