NikCrypto-19
--
Technical Analysis Update – January 8, 2025
Today’s price action validates much of the previously identified technical levels for Ethereum (ETH). Here's a closer look:
🔗 Ethereum (ETH) Overview:
The predicted breakdown below $3462 materialized, with ETH finding short-term support near $3341-$3354, as anticipated in the yellow zone. Key resistance remains at $3648-$3669, and volume surged during the drop, signaling heightened market activity. Further downside targets could test the $3315-$3340 zone if the selling pressure persists. A reclaim of $3462 is crucial for bulls to regain momentum.
Disclaimer:
This post is for educational purposes only and not financial advice. Cryptocurrency trading is risky; do your own research and consult a financial advisor before investing. Trade responsibly.
Today’s price action validates much of the previously identified technical levels for Ethereum (ETH). Here's a closer look:
🔗 Ethereum (ETH) Overview:
The predicted breakdown below $3462 materialized, with ETH finding short-term support near $3341-$3354, as anticipated in the yellow zone. Key resistance remains at $3648-$3669, and volume surged during the drop, signaling heightened market activity. Further downside targets could test the $3315-$3340 zone if the selling pressure persists. A reclaim of $3462 is crucial for bulls to regain momentum.
Disclaimer:
This post is for educational purposes only and not financial advice. Cryptocurrency trading is risky; do your own research and consult a financial advisor before investing. Trade responsibly.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
177
0