ETHEREUM PRICE ANALYSIS & PREDICTION (June 24) – ETH Breaks Below $3,300 In The Latest Dip, Where Next?

2024-6-25 17:17

Ethereum continued to show signs of weakness weekly as it broke below a key support level in the latest dip. The bears are regrouping on the lower timeframe as bigger drops lurk around the corner.

From $3,977, Ethereum saw a lot of reductions in the past weeks and lost some chunks of dollars to where it is priced at $3,295 at press time. In fact, the bulls are currently in disbelief at the latest fall. 

Initiating a drop today, ETH extended a sell-off below the crucial $3,350 support level, which has been suppressing selling pressure over the last three weeks. This support is now held as resistance due to the extension.

Looking at the current setup from a technical perspective, things might get uglier in the next few days as the asset just signalled a continuation of the bearish trend – a bigger drop should be expected!

No doubt, the bears are currently in control with no signs of exhaustion at the moment. The $3,000 level is an important price target to watch for this week’s drops. 

Right now, there are no signs of bulls in the market. If they show up to defend the mentioned important level, we may see a solid bounce with a double-bottom formation. A drop below last month’s low may cause a catastrophic price crash.

ETH’s Key Level To Watch Source: Tradingview

The $3,222 level is currently serving as support. A crack below it could dip the price to $3,059, where a potential buyback is likely. The major support for a breakdown is $2,830. Below it lies $2,717 and $2,500. 

The broken $3,357 level is now held as daily resistance. Above it lies the $3,498 and $3,659 resistance – all standing as key obstacle levels for an increase in case of a bounce.

Key Resistance Levels: $3,357, $3,498, $3,659

Key Support Levels: $3,222, $3,059, $2,830

Spot Price: $3,295 Trend: Bearish Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: dusanzidar/123RF

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3430.57 (-0.35%)
Объем 24H $11.527b
Изменеия 24h: -1.01 %, 7d: -2.12 %
Cегодня L: $3424.16 - H: $3482.96
Капитализация $412.295b Rank 2
Цена в час новости $ 3342 (2.65%)

ethereum dip latest below regrouping lurk around

Источник: nulltx.com

ethereum dip → Результатов: 126


Bearish Price Prospect Ahead for XRP and Tron

Although the cryptocurrency market was a bullish one last week, XRP still saw a dip which took it back to the third position on the list of the largest cryptocurrency by market cap. XRP was at the second position, but due to the coin trailing, Ethereum who had trailed to the third position retook its […] The post Bearish Price Prospect Ahead for XRP and Tron appeared first on ZyCrypto.

2019-2-18 22:09


Фото:

Analysts Bearish on Ethereum as $100 Level is at Risk of Being Breached, Gloomy Short-Term Future

Following a long period of sideways trading in the cryptocurrency markets, Bitcoin’s recent drop to $3,400 has led most major cryptos to dip and has caused one analyst to turn bearish on major cryptocurrencies like Ethereum (ETH) and Litecoin (LTC), despite many analysts recently being bullish on these cryptocurrencies.

2019-2-7 03:00


Altcoins Daily Preview: NEO and Monero Top Performer, Every Dip a Buying Opportunity

Latest NEO News By adding 20 percent early this week, NEO has the attention of traders. This addition is surely a ray of hope for holders who saw NEO prices drop 95 percent from 2017 peaks. Read: Russia to Buy Billions of Dollars Worth in BTC Next Month, Russian Economist Says The ecstasy is waning […] The post Altcoins Daily Preview: NEO and Monero Top Performer, Every Dip a Buying Opportunity appeared first on Ethereum World News.

2019-1-10 15:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Whales Snap Up $436M In BTC Amid Market Volatility

On June 24th, Bitcoin whales demonstrated their influence by accumulating a staggering $436 million worth of BTC. According to data from @intotheblock, holders who control at least 0.1% of the total Bitcoin supply increased their holdings by 7,130 BTC in a single day as Bitcoin’s price briefly dipped below $60,000. […]