Ethereum

<h2 id="span-data-font-font-size-style-font-size-20px-ethereum-faced-a-downward-correction-after-reaching-2-135-br-span">Ethereum faced a downward correction after reaching $2,135 </h2>
<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Technical Analysis</a>, Ethereum's recent upward trend faces resistance around the $2,150 mark, stalling its bullish momentum.</li>
 <li>A daily chart reveals a consolidation phase near $2,000, with a rejection from the $2,150 level. A breach of $2,000 could signal a double-top pattern and a potential deeper decline.</li>
 <li><a href="https://www.coingabbar.com/en/crypto-currency/ethereum-eth-prices-usd" class="f-link" rel="noopener noreferrer nofollow">Ethereum's</a> recovery since mid-October aligns with the Elliott Wave Theory, featuring peaks, corrections, and a recent 7-month high at $2,137.</li>
 <li>&nbsp;Current 4-hour chart analysis shows Ethereum declining below $2,050, posing a risk of further downsides below the $1,970 support zone.</li>
 <li>&nbsp;A crucial bullish trend line at $1,970 on the 4-hour chart suggests a potential support level amid the ongoing price decline.</li>
 <li>The 4-hour chart also reveals a triangular pattern, a classic continuation signal, indicating potential future price movements.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $2,050-$2,100
SUPPORT LEVEL : $1,980-$1,930
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

ETHEREUM TECHNICAL ANALYSIS CMP-DOLLAR 2,020: Will Bulls save the day

Inhoudsopgave

Coingabbar

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