How is that #altsesaon going? For now confirming the extreme manipulation that exists in the market. $ETH , $BTC ...losing key support levels. Resistance comrades! 💪🏼💪🏼💪🏼
Current Trend: In the last 24 hours, Ethereum has shown a slight appreciation of 0.031%, standing at $2,841.10.
Supports and Resistances: Immediate support is around $2,800, while key resistance is near $2,900. A breakout above this resistance could drive the price towards $3,000.
Moving Averages: Short-term moving averages indicate a neutral trend, suggesting that the price may consolidate in the current range before a significant movement.
Technical Indicators: The RSI is at neutral levels, indicating a balance between buyers and sellers. The MACD shows convergence signals, pointing to a possible consolidation before a new trend.
Outlook for the Day:
Given the current analysis, it is likely that Ethereum will fluctuate between $2,800 and $2,900 during the day. A breakout above $2,900 could signal a bullish continuation, while a drop below $2,800 could indicate additional bearish pressure. Investors are advised to closely monitor these key levels.
$ETH has just reached a critical level. 🚩red zone is the area to watch. 📉 previous patterns suggest that area to seek liquidity before rebounding. Market completely manipulated. #ETH
Every time $BTC hits 100,000, $ETH sinks. Until the dominance of Bitcoin over altcoins changes, we will not see a wake-up. and I think it will take us time. #dominancebtc #ETH #BTC
I've been in the Crypto market for over 10 years, I've never seen so much market manipulation as now, just when governments and large financial institutions with their #ETFs are in. Very strong sales volumes right now. What can we expect? #ETH #BTC
Ethereum $ETH has experienced a notable decrease in its value recently. Currently, its price is 2,823.28 USD, with a drop of 300.03 USD (-9.61%) since the previous close. During the day, it reached a maximum of 3,157.75 USD and a minimum of 2,798.42 USD.
This downward trend can be attributed to several factors:
1. Underperformance against $BTC : Ethereum has shown inferior performance compared to Bitcoin, especially after the approval of spot Bitcoin ETFs in January 2024, which has diverted attention and capital towards Bitcoin.
$ETH The price has surpassed $3000, and even surpassed $3200 over the weekend. But the weekly trend line is down, if we break the resistance to the downside, we can see Ethereum at $2810, if it bounces there is a chance it will reach $3730, stay tuned. #Ethereum #ETH
After the massacre of $ETH yesterday, today we see numerous purchases, but with not a very large volume. We observe a daily resistance at 3200$. Will we surpass it? I don't think so. #DeepSeekImpact #ETH #Correction
$ETH Eth has completed a wave 5, breaking the psychological support level. the drop could extend down to €2800. ⚡watch those volume peaks.📉 #ETH #Binance #alert