tldr; Ethereum’s price struggled to surpass the $3,650 resistance, leading to another decline with a risk of dropping below the $3,420 support. Despite a minor recovery, Ethereum remains below key resistance levels and the 100-hourly Simple Moving Average, indicating a short-term bearish trend. Technical indicators suggest a loss of momentum in the bearish zone. If Ethereum fails to break the $3,550 resistance, it could see further declines towards $3,350 or even $3,250.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
OriginalPancake15 on
Hilarious as other articles say to prepare for a huge ETH pump now that the etf deadline is confirmed.
These people know nothing. Just baseless predictions.
2 Comments
tldr; Ethereum’s price struggled to surpass the $3,650 resistance, leading to another decline with a risk of dropping below the $3,420 support. Despite a minor recovery, Ethereum remains below key resistance levels and the 100-hourly Simple Moving Average, indicating a short-term bearish trend. Technical indicators suggest a loss of momentum in the bearish zone. If Ethereum fails to break the $3,550 resistance, it could see further declines towards $3,350 or even $3,250.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Hilarious as other articles say to prepare for a huge ETH pump now that the etf deadline is confirmed.
These people know nothing. Just baseless predictions.