Ethereum (ETH) fell below the psychological threshold of $ 3,000, experiencing a depreciation of up to 20 %in recent market movements. While this sharp decline caused panic among investors, it increased uncertainties about Ethereum’s future price movements.
Technical indicators support the decline
The last decline of Ethereum shows signs of weakness in terms of technical analysis. ETH, who lost support at $ 2,800, was faced with a strong sales pressure.
The MACD indicator deepens in the negative area, while the RSI remains below 50 levels and indicates that the decline trend continues. In the hourly graph, a resistance line was formed at $ 2,900 and Ethereum has difficulty passing this level.
Critical support and resistors for Ethereum
In order to prevent Ethereum from decreasing further, certain support levels need to be preserved. $ 2,320While it is the closest support point, 2.250 and $ 2,120 levelsIt stands out as critical regions against larger sales pressure.
For upward movements, $ 2,600 creates a short -term resistance, In order for Ethereum to rise again. For a stronger recovery, a closure of over $ 3400 should be seen.
Sales pressure in the Ethereum market is increasing
The rapid decline of Ethereum led to great liquidations due to leveraged transactions in the market. In the last 24 hours, millions of dollars of long -long positions have been liquidated, which has increased sales pressure further.
In addition, ETH’s spot transaction volume has increased significantly in recent days. However, this increase was mostly due to sales -oriented transactions and caused the price to remain weak. Investors closely follow closely whether the sales pressure in the market will decrease in the short term.
Ethereum’s future and market expectations
Ethereum’s future price movements will depend on general market conditions and investor sensitivity. Experts, If Ethereum cannot break the $ 2,900 resistance, the decline may continueindicates.
On the other hand, the long -term basic structure of ETH continues to remain strong. Increased corporate adoption and developer activity shows that Ethereum has the potential to recover in the future. However, short -term volatility requires investors to be careful.
