您现在的位置是:Ethereum price could slip below $3,100 soon >>正文
Ethereum price could slip below $3,100 soon
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛6262人已围观
简介The cryptocurrency market is going deeper into bearish territory as Bitcoin and the others record lo...
The cryptocurrency market is going deeper into bearish territory as Bitcoin and the others record losses over the past few hours
The cryptocurrency market had a negative week last week, with Bitcoin losing its position above the $52,000 mark to drop towards $46,000. It was trading above that level towards the end of last week, but the leading cryptocurrency has sustained further losses. BTC is now forced to defend its price above the $44,000 region.
Ether has also endured a negative week. The second-largest cryptocurrency by market cap saw its price drop from the sub-$3,800 level to currently trade around $3,200. With the current market trajectory, ETH and the other cryptocurrencies could experience further negative performances over the coming hours unless the bulls regain control of the market.
Market experts are, however, still bullish on the long-term outlook of the broader cryptocurrency market.
https://twitter.com/CryptoMichNL/status/1437017549527560194
Ethereum price outlook
The ETH/USD 4-hour chart is looking bearish at the moment after the cryptocurrency lost nearly 5% of its value in the past 24 hours. Ether failed to defend the $3,370 pivot level, exposing the first major support level at $3,266 earlier today.
ETH/USD 4-hour chart. Source: TradingView
The losses escalated as Ether is now trading just above $3,170. If the current bearish trend continues, Ether could be forced to defend the next major support level at $3,128. Any move below the second major support could trigger further losses for Ether, and it could drop towards the sub $3,000 level in the coming hours and days.
The technical indicators are not looking good for Ether at the moment. An RSI of 34 means that Ether is currently oversold while its MACD line is deep within the bearish territory.
However, if the broader market recovers, Ether could make a push for the first resistance level above $3,266. An extended rally in the market could push ETH further into the sub-$3,300 level. However, the major resistance level at $3,507 could limit further upward movement. With no major news on the horizon, Ether’s performance could be tied to the broader cryptocurrency market.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/4382.html
相关文章
Ethereum holders with 100
Ethereum price could slip below $3,100 soonEthereum’s large investors holding at least 100 ETH and up to 1 million ETH increased their ov...
阅读更多
Ethereum (ETH/USD) price heading to $16,000? What could happen next
Ethereum price could slip below $3,100 soonEthereum recovered by more than 4% on MondayThe cryptocurrency has maintained an uptrendA break abov...
阅读更多
Near price stages a slow recovery: Will these gains hold?
Ethereum price could slip below $3,100 soonNear Protocol price jumped on Wednesday.This price was in sync with other Sam coins like Solana and...
阅读更多
热门文章
- Watch: Tesla Optimus takes a walk bare
- Internet service providers in Nepal asked to block crypto
- 5 top automotive technologies showcased at CES 2024
- Buying Bitcoin now? What this could mean
- 5 top automotive technologies showcased at CES 2024
- China simulates algorithm to evade US hypersonic missile defense system
最新文章
Melinek: Trust in the crypto ecosystem needs to be rebuilt 100%
Crypto to hit billions of users by 2027, says Dan Morehead
New study finds ChatGPT outperforms doctors in giving 'empathetic' advice
Polygon (MATIC/USD) jumps 3% on Mastercard partnership. Is it now bullish?
Google's first ever foldable phone is coming in June
Is Dogecoin a good investment?