Ethereum is caught in the storm, plunging 9.50% in just 24 hours as liquidations grip the crypto market. With trading volume up 68.73% to $42.79 billion, it's clear that volatility has taken over. Over the past week, ETH has lost 8.08%, and in the last 30 days, it's down a staggering 27.67%.
With ETH now at a market cap of $291.3 billion, its dominance has slipped to 10.17%, reflecting the growing uncertainty.
Warning Signs from the Charts
🔹 Death Cross (EMA 50/200) – A strong bearish indicator that signals extended downside risk.
🔹 RSI Nearing Oversold – ETH is rapidly approaching critical buying zones, but will traders step in?
What’s Next for Ethereum?
📌 Bullish Case – If buyers return, ETH could push toward $2,870, reclaiming lost ground.
📌 Bearish Case – If market fear lingers, Ethereum could tumble toward $2,175, its next major support level.
Ethereum’s short-term fate hinges on whether bulls can counteract selling pressure. While uncertainty remains high, a rebound could be brewing if buyers step in at key support levels.
So, does hope spring eternal for ETH, or is more downside ahead?
With ETH now at a market cap of $291.3 billion, its dominance has slipped to 10.17%, reflecting the growing uncertainty.
Warning Signs from the Charts
🔹 Death Cross (EMA 50/200) – A strong bearish indicator that signals extended downside risk.
🔹 RSI Nearing Oversold – ETH is rapidly approaching critical buying zones, but will traders step in?
What’s Next for Ethereum?
📌 Bullish Case – If buyers return, ETH could push toward $2,870, reclaiming lost ground.
📌 Bearish Case – If market fear lingers, Ethereum could tumble toward $2,175, its next major support level.
Ethereum’s short-term fate hinges on whether bulls can counteract selling pressure. While uncertainty remains high, a rebound could be brewing if buyers step in at key support levels.
So, does hope spring eternal for ETH, or is more downside ahead?
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.