Ethereum

Cryptocurrency

<ul>
 <li>After failing to reclaim the $3,500 level, the market experienced a bearish rejection, leading to further declines.</li>
 <li>The overpowered bears began the bloodbath with the evening star formation for a range breakdown retest at $3,460.</li>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/ethereum-eth-prices-usd" title="Ethereum" class="f-link">Ethereum</a> price remained in a bearish zone below the $3,250 level. ETH dived below the $3,000 support, hovering around the $2,850 zone.</li>
 <li>With a 16% drop in 4 days, $ETH price broke under the long-coming support trendline.</li>
 <li>As the Ethereum price action formed a triple black crow pattern in the daily chart, the chances of further downfall increased significantly.</li>
 <li>Recently, #Ethereum fell to its lowest price in 138 days, dropping below $2,816.</li>
 <li>Concerns are rising as $ETH price falls below its 200-day average, with fears that it may lose support at $2,800.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-prediction" title="Coingabbar Prediction" class="f-link">Coingabbar Prediction</a>, If buyers can maintain the $2,800 level, ETH could see a rebound toward $3,000 and potentially $3,300.</li>
 <li>However, if panic selling ensues below $2,800, ETH might test $2,650 and potentially $2,400 levels.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $3,000-$3,130
SUPPORT LEVEL : $2,850-$2,780
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Ethereum Price: Recovery on the Horizon or More Pain Ahead?

Coingabbar

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