Ethereum demonstrated bear signals after violating his 100-day sliding average, emphasizing the increase in sales.
Nevertheless, the 200-day MA, acting as the last protection of customers, still holds hope for a potential rebound.
Technical analysis
Shayan
Daily diagram
Recently, ETH has broken below the significant 100-day MA at the level of 3.1 thousand dollars. USA, signaling the growing dominance of sellers. This gap indicates a potential test of the regional support region of 3 thousand dollars, a critical opinion corresponding to the 200-day MA.
At present, Ethereum is finding temporary support at this level, with a modest bull change, hinting at the demand from buyers. The 200-day MA serves as the main line of defense for bulls, and its ability to hold will determine the short-term trajectory. The breakdown below this level can cause a medium -term bear tendency aimed at the support zone for 2.5 thousand dollars. USA.
4-hour table
In the 4-hour date, ETH saw a consolidation near the level of recovery of 0.5 Fibonacci ($ 3.2 thousand), before the sellers stunned the market, violating this critical support. This caused a wave of long liquidations, leading the price to the recovery level of 0.618 Fibonacci at 3 thousand dollars. USA.
This region is key, since it is the last main support zone for buyers. A steady violation below this level can lead to a liquidation cascade, which will lead to a price of 2.5 thousand dollars. USA. Nevertheless, Ethereum, by the same, is consolidated around this floor, with a potential battle between buyers and sellers.
Analysis of onchain
Shayan
Ethereum checks the critical support region of 3 thousand dollars. USA, and sellers exert pressure to restore control. Understanding from the sales coefficient Taker Buy gives an idea of market moods and a potential direction.
Having reached a support region in the amount of 3 thousand dollars, the sales coefficient of the seller Taker Buy initially increased, reflecting the increased purchasing power and protective position of customers. Nevertheless, this trend was short -lived, since the subsequent sale coincided with bear core in the metric. Since then, the ratio has been steadily reduced, signaling the growing dominance of sellers in the market.
If this trend remains, the probability of decay below the threshold for 3 thousand dollars. The US is increasing. Such a scenario will probably lead to an increase in sales, pushing ETH to a support level of 2.5 thousand dollars. USA. Conversely, a change in the ratio may indicate an updated percentage of the buyer, stabilizing the price at this critical moment.
