Ethereum

Cryptocurrency

Bank AI

<ul>
 <li>The drop in $ETH price is attributed to the upcoming significant interest rate decisions from the US Federal Reserve, Bank of Japan (BoJ), and Bank of England (BoE), as well as China's announcement regarding its loan prime rate.</li>
 <li>Despite the recent Ethereum upgrade effectively reducing gas fees, its price remained largely unaffected</li>
 <li>#<a href="https://www.coingabbar.com/en/price-prediction" title="Ethereum price" class="f-link" rel="noopener noreferrer nofollow">Ethereum price</a> encountered a downward correction from the $4,100 resistance level against the US Dollar.</li>
 <li>Despite recent gains, $ETH is struggling to maintain momentum and has slipped below the $3,500 mark.</li>
 <li>Over the 4-hour timeframe, Ethereum's price has consistently formed lower highs and lows since its rejection at the $4,000 resistance zone.</li>
 <li>Bearish signals indicate a potential drop towards the $3,200 support zone.</li>
 <li>Sellers successfully breached the 38.20% Fibonacci retracement level, suggesting the likelihood of further declines.</li>
 <li>If the bearish trend persists, #Ethereum's price might seek support at $3,130 and $2,900, which closely align with the 50% and 61.80% Fibonacci retracement levels.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" title="Coingabbar Prediction" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Prediction</a>, The estimated Ethereum #Price Prediction 2030 stands at approximately $20,000.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $3,350-$3,440
SUPPORT LEVEL : $3,200-$3,100
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Ethereum Price Prediction: Is ETH Headed for $3,000 Support?

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