This Is Why Ethereum (ETH) Risks Falling Below $3,000

2024-11-25 22:30

Ethereum (ETH) is currently facing significant downward pressure, with its price declining by 3% over the past 24 hours. This bearish trend could push ETH’s price below the critical $3,000 price level.

This analysis examines the factors contributing to this likelihood.

Ethereum Sellers Re-Emerge

An assessment of the ETH/USD one-day chart has revealed that the coin’s moving average convergence divergence (MACD) indicator is forming a potential death cross. As of this writing, the coin’s MACD line (blue) is attempting to fall below its signal line (orange).

This indicator measures an asset’s price trends and momentum and identifies its potential buy or sell signals. A MACD death cross occurs when the MACD line (the shorter-term moving average) crosses below the signal line (the longer-term moving average), indicating a bearish trend or momentum reversal. This signal suggests that selling pressure is increasing, and the asset’s price could decline further.

ETH MACD. Source: TradingView

ETH’s rising Aroon Down Line confirms this strengthening bearish pressure. It currently sits at 78.57%, confirming that the decline in ETH’s price is gaining momentum.

The Aroon Indicator evaluates the strength of an asset’s price trend through two components: the Aroon Up line, which reflects the strength of an uptrend, and the Aroon Down line, which reflects the strength of a downtrend. A rising Aroon Down line indicates that recent lows are occurring more frequently, signaling growing bearish momentum or the start of a downtrend.

ETH Aroon Down Line. Source: TradingView ETH Price Prediction: Key Support Level To Watch

ETH currently trades at $3,333, resting above the support formed at $3,203. This level is crucial because a decline below it will cause ETH to exchange hands under $3000. According to readings from the coin’s Fibonacci Retracement tool, the Ethereum price will drop to $2,970 if this happens.

ETH Price Analysis. Source: TradingView

However, a resurgence in the demand for the leading altcoin will invalidate this bearish thesis. If this occurs, Ethereum will rally toward $3,500.

The post This Is Why Ethereum (ETH) Risks Falling Below $3,000 appeared first on BeInCrypto.

origin »

Ethereum (ETH) на Currencies.ru

$ 1893.22 (-0.02%)
Объем 24H $15.876b
Изменеия 24h: 0.17 %, 7d: -13.76 %
Cегодня L: $1842.67 - H: $1901.54
Капитализация $228.349b Rank 2
Цена в час новости $ 3370.71 (-43.83%)

falling risks below ethereum eth direction determine

Источник: beincrypto.com

falling risks → Результатов: 51


Verizon (VZ) Stock Down 1.38% Despite Upgrade to ‘Conviction Buy’ by Goldman Sachs

Coinspeaker Verizon (VZ) Stock Down 1. 38% Despite Upgrade to ‘Conviction Buy’ by Goldman SachsVerizon stock is falling today despite the upgrade announcement by Goldman Sachs. Goldman Sachs added VZ stock to its ‘Conviction Buy’ list, explaining that the stock offers investors the most attractive combination of total returns and risks.

2020-4-2 22:40


Фото:

Теханализ: цена биткоина рискует упасть к отметке $7200

Несмотря на некоторую консолидацию после вчерашнего обвала, на цену BTC по-прежнему оказывают значительное давление продавцы. #BTC EU Daily Chart Snapshot Bollinger Band Breakdown RSI has invalidated bull divergence Price risks falling to $7.

2019-10-24 13:09


Фото:

Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High

Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demand:Figure 1: BTC-USD, Daily Candles, Local SupportThe high candle spread rejection following our test of the low $4,000s was an indication that we had strong levels of supply left in the market, but for the time being we are holding support.

2019-3-1 03:44


Фото:

Bitcoin Price Analysis: Bear Pennant Breakout Puts $1,700 Price in Sight

Another week, another low. Bitcoin’s market has been bleeding relentlessly for weeks and now, after falling 50% in value in just one month, the market has managed to break south of a major bearish consolidation pattern called a bear pennant:Figure 1: BTC-USD, 4-Hour Candles, Bear Pennant BreakoutThis is a massive bear pennant with a staggering $2,000 measured move.

2018-12-12 01:52


Why You Can’t Help Falling for ICO Scams (And What to Do About It)

Lost in the excitement and ongoing momentum of the ICO craze is the fact that, despite the crowdfunding model’s enormous potential, we’re still surrounded by risks. To date, there have been thousands of ICOs and token sales, and although many go off without a hitch or shock, there have been a shocking number of ICOs […] The post Why You Can’t Help Falling for ICO Scams (And What to Do About It) appeared first on CryptoSlate.

2018-8-30 10:00


дальше еще 2 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

What to Expect from Ethereum (ETH) Price in March 2025

With ETH supply rising and exchange balances increasing, bearish sentiment looms. However, analysts suggest these conditions could set up a strong recovery. The post What to Expect from Ethereum (ETH) Price in March 2025 appeared first on BeInCrypto.