Ethereum

Echoes

<ul>
 <li>Ethereum's recent price drop mirrors a sell-the-news reaction, much like the #Bitcoin ETF launch in January.</li>
 <li>Despite a neutral trend over the past week, #<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) has struggled to break above the critical resistance zone of $3,500.</li>
 <li>Since February, $ETH has been trading within a triangular pattern on the daily chart.</li>
 <li>Following a significant sell-off, #Ethereum is currently consolidating within a trading zone.</li>
 <li>$ETH is trading below its 20-day, 50-day, 100-day, and 200-day moving averages on the daily chart.</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>, ETH could potentially rebound to $3,350 and even $3,600 if it holds the $3,120 support level.</li>
 <li>Conversely, if panic selling occurs below $3,120, ETH might test $3,000 and possibly decline further to $2,850.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $3,220-$3,300
SUPPORT LEVEL : $3,120-$3,050
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Ethereum ETF's Decline: Echoes of Bitcoin's Historic Slump?

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