Ethereum

Cryptocurrency

Daily

<ul>
 <li><a href="https://www.coingabbar.com/en/price-analysis/crypto-crossroads-can-bulls-rescue-ethereum-from-crucial-point" title="Ethereum" class="f-link" style="" rel="noopener noreferrer nofollow">Ethereum</a> remains bearish below the $2,400 pivot, starting a decline under $2,350 and $2,250.</li>
 <li>Similar to Bitcoin, $ETH trades below $2,250 support, extending losses to test the $2,150 support.</li>
 <li>Struggling for recovery, #Ethereum&nbsp;faces a potential move down towards the $2,000 support zone.</li>
 <li>Daily chart reveals a downfall within an expanding channel pattern, signaling a change in market dynamics.</li>
 <li>The drop below the 20-and-50-day EMA slope indicates a short-term shift in ETH's market sentiment.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" title="Coingabbar analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar analysis</a>, A close below the pattern might lead ETH towards the critical support level at $2,000.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $2,280-$2,340
SUPPORT LEVEL : $2,190-$2,130
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: Will Relief Prevail Post-Storm

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