Ethereum

Cryptocurrency

Time

<ul>
 <li>#<a href="https://www.coingabbar.com/en/price-prediction" title="Ethereum price" class="f-link" style="" rel="noopener noreferrer nofollow">Ethereum price</a> encountering resistance around the $4,100 mark, impeding its bullish momentum.</li>
 <li>In line with Bitcoin's path, Ethereum faced resistance around $4,000 before undergoing a downward correction, mirroring market movements.</li>
 <li>Over the past four days, $ETH has declined notably by 9.00%, breaching the $3,700 support level.</li>
 <li>The breach of the 78.60% Fibonacci level implies a reversal in the bearish trend, signaling heightened selling pressure.</li>
 <li>Notably, #Ethereum broke below the Rising Channel Pattern on the daily chart, deviating significantly from its previous trend.</li>
 <li>Analysis of the 4-hour chart indicates a breach below the critical dynamic support of the 50-EMA, exacerbating the bearish sentiment.</li>
 <li>The breach of the 78.60% Fibonacci retracement level emphasizes a substantial downturn, increasing the likelihood of a sell-off.</li>
 <li>Ethereum's downtrend could aim for the 61.80% Fibonacci level on the 4-hour chart, indicating more potential downside.</li>
 <li>Fibonacci analysis identifies $3,200 as key support, suggesting significant interest for potential buyer rebounds.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" title="Coingabbar Prediction" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Prediction</a>, Ethereum price prediction 2030 is estimated around $20,000.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $3,750-$3,850
SUPPORT LEVEL : $3,600-$3,500
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 It Time to Sell or Buy the Dip

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