Analysis of cryptocurrency prices caused by Coinidol.com. The price of Ethereum (ETH) fell below the lines of the sliding average after it rejected a high degree of $ 3746.
This price is long -term analysis: Bear
Buyers could not maintain a positive impetus to the level of a key price level of $ 4,000. Today, the largest altcoin was rejected at an altitude of $ 3,700 and fell to $ 3312. The sale of the sale has decreased, and Altcoin now ranges from a support level of $ 3300.
Since December 26, bears could not increase the price below the support level of $ 3300. However, if Ether loses its support of $ 3300, the market will fall further to $ 3,000.
Analysis of Ethereum indicators
The price rods for the broadcast below the lines of the sliding medium of the recent decline. Cryptocurrency will continue to fall until it remains below the lines of the sliding medium. Nevertheless, bulls protect the current support level of 3,300 US dollars from December 26, 2024.
The 4-hour diagram shows long candlesticks indicating support for $ 3300. These results show that there is a significant pressure of the purchase at lower prices.
Technical indicators:
Resistance levels – $ 4,000 and $ 4,500
Support levels – $ 3.500 and 3000 US dollars
What direction for Ethereum?
On the 4-hour graphics, the ether fell below the sliding medium lines. After a recent decline, Ether is traded in the range from 3300 to 3700 dollars. The sales pressure stopped above the support of 3300 dollars. Since December 22, 2024, cryptocurrency remained higher than support of $ 3,300.
Refusal of responsibility. This analysis and forecast are the personal opinions of the author, are not a recommendation to buy or sell cryptocurrency and should not be considered as approval of Coinidol.com. Readers must conduct a study before investing in the funds.
