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Has Ethereum Ended Its Bearish Movement? Current ETH Analysis!

Analysis
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  • Ethereum experienced a drop of more than 2% today.
  • Will Ethereum’s price continue to decline?
  • If ETH cannot stay above $1780, how far will the drop continue?
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Will Ethereum drop to $1700? What are the important levels that Ethereum investors should follow? Current ETH analysis!

Medium-Term ETH Price Analysis!

12 Hour ETH Price Chart Source: TradingView

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12 Hour ETH Price Chart Source: TradingView

When we examine the Ethereum price chart, we see that it dropped below the important support level of $1780 and fell to around $1740.

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In our previous ETH analysis, we mentioned that if Ethereum continued to close below the $1874 level for 4-hour and daily candles, it could drop to the $1780 level.

Click here to see our previous Ethereum analysis.

If we update the Ethereum analysis, we can see that the ETH price has cleared the long liquidations below the $1763 level and is trying to push the price back above the $1780 level.

If the ETH price can close daily candles above the $1780 level mentioned in the analysis, it could rise to the $1940 level again.

If the ETH price cannot close daily candles above the $1780 level, it could continue to drop to the $1686 level.

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Crypto Vira
Crypto Virahttps://coinotag.com/
Alican is a young and dynamic individual at the age of 23, with a deep interest in space exploration, Elon Musk, and following in the footsteps of Atatürk. Alican is an expert in cryptocurrency, price action, and technical analysis. He has a passion for sharing his knowledge and experience through writing and aims to make a positive impact in the world of finance.
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