Ethereum

Cryptocurrency

<ul>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/ethereum-eth-prices-usd" title="Ethereum" class="f-link" rel="noopener noreferrer nofollow">Ethereum</a> ($ETH) failed to break above the $3,520 resistance level and started a new downtrend.</li>
 <li>Following #Bitcoin's lead, ETH saw a correction of around 5.30%.</li>
 <li>After holding above $3,200 for over 45 days, ETH dropped below this crucial support.</li>
 <li>On July 1st, $ETH broke below a key channel, leading to a nearly 10% decline over the past three days.</li>
 <li>ETH's decline from channel top to bottom occurred swiftly in just two days on the daily chart.</li>
 <li>The daily chart shows ETH breaking below its long-term upward trendline.</li>
 <li>Currently, ETH is trading below the 20-day, 50-day, and 100-day Moving Averages, struggling to stay above the 200-day MA.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-prediction" title="Coingabbar Prediction" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Prediction</a>, If ETH closes below the 200-day MA and remains below the trendline, the next support levels are at $3,050 and $2,850.</li>
 <li>To regain a bullish outlook, ETH needs to hold above the 200-day MA and reclaim the $3,300-$3,500 levels.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $3,280-$3,350
SUPPORT LEVEL : $3,070-$2,920
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 Market Headed for More Pain?

Coingabbar

Muita 4. heinäk. 2024 julkaistuja artikkeleja

Bitget Wallet Amplifies Trading Features for TON, Introduces Cross-Chain Support for TON Tokens (...

Taurus enhances Zand Bank’s crypto, tokenization services in UAE

Crypto Market Crash: Will Bitcoin Fall Below $50K?

Trump the Felon Memecoin Investor Secures 4,100% Profit, But Waits For Another 15,000% Surge

Nigeria Unveils Plans for Research Centres Dedicated to AI, IoT, and Blockchain in Nigeria

20 Days Post Listing: GPU-Based DePin Projects Plummet Over 50%

Join our free newsletter for daily crypto updates!