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ETHUSDT

Ethereum Ready for Another Dump till $1700 ?Ethereum Chart Technical Analysis CRYPTOCAP:ETH Currently #ETHUSDT Trading at 4H Support Level. 1️⃣ If $2160 level breaks, ETH could drop to $1,750 (Scenario 1) 2️⃣ But if price bounces off $2,160, we could see a 5-10% relief rally. ( Scenario 2 ) My view: - Bearish below $2,240 - SUPER bearish if $2,160 breaks! Overall, #ETH is standing on thin ice at a very crucial support zone. One break could lead to a cascade of selling. Trade safe!
GEMINI:ETHUSDShort
by CryptoPatel
2
Potential 5% Drop in Ethereum Price Amidst Transition from PoW t Ethereum's price is currently above a crucial support level at $2,147, maintaining a bullish outlook. Bears are gaining strength, as indicated by the Relative Strength Index (RSI) below 50 and red bars on the Awesome Oscillator (AO) moving towards zero. The Moving Average Convergence Divergence (MACD) shows positive histogram bars but had previously crossed below the signal line (orange band). If selling pressure increases, Ethereum might drop 5%, breaking the $2,147 support and testing a bullish barrier from $2,048 to $2,107. A further decline below $2,075 would confirm a continued downtrend, with a worst-case scenario testing support at $1,935, representing a 10% drop from current levels.
Short
by tradewith_ritik
Ethereum 1 Hour Chart UpdateEthereum Market Update Current Analysis: Ethereum faced a significant setback, plummeting by 7.5% after breaching the $2335 support level. As we navigate this volatile landscape, it's crucial to monitor key support and resistance zones. Potential Scenarios: - Upward Move: If ETHUSDT maintains support at $2200, there's potential for an upward rally towards $2330. - Downside Risk: Failing to break the $2350 resistance could trigger another downturn, potentially reaching $2050. Critical Levels: Support Levels: $2200/$2090 Resistance Levels: $2350/$2390
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by CryptoPatel
A Bearish Outlook on ETHUSDT Amidst Technical WeaknessA bearish view on ETH/USDT (Ethereum to Tether) means that the market participants or analysts anticipate a decline in the value of Ethereum relative to Tether. Here are some factors that might contribute to a bearish outlook: Technical Analysis: Chart Patterns: Traders often use technical analysis to identify patterns, trendlines, and other indicators that suggest a potential downward movement. Moving Averages: A bearish crossover of short-term moving averages below long-term moving averages could signal a negative trend. Market Sentiment: Negative News: Adverse news about Ethereum, such as regulatory developments, security concerns, or technological issues, can lead to a bearish sentiment. Investor Sentiment: Monitoring sentiment indicators, such as social media discussions or surveys, can provide insights into market sentiment. Fundamental Analysis: Market Fundamentals: Negative developments in the Ethereum ecosystem, such as issues with smart contracts, scalability challenges, or changes in the development team, could impact the market negatively. Economic Factors: Economic indicators, such as inflation or interest rate changes, can influence the value of cryptocurrencies. Market Dynamics: Trading Volume: A decrease in trading volume, especially during a price decline, may indicate weakening demand and potential for further downward movement. Liquidity: Low liquidity in the market can amplify price movements, making it easier for the market to experience rapid declines. Global Economic Factors: Macro-Economic Trends: Economic events on a global scale, such as geopolitical tensions or financial crises, can impact the entire cryptocurrency market. Remember that cryptocurrency markets are highly volatile, and predictions can be challenging. It's crucial to conduct thorough research and consider multiple factors before forming any trading decisions. Additionally, consulting with financial professionals and keeping up with the latest news can help you make more informed decisions based on the most recent information.
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by nikhilbansal