- Investors looking to exit Ethereum have accepted lower prices over time, and ETH is currently in a short-term descending trend channel.
- ETH has broken the support at $1,640. This suggests further declines. In the event of a positive response, the $1,640 level will now act as resistance.
- ETH has broken the support at $2,000. This suggests further declines. Technically, in the long term, ETH receives a generally negative evaluation.
Short, medium and long term outlook of Ethereum price! What are the important resistance levels for ETH? Detailed ETH price analysis!
Short-Term Ethereum (ETH) Analysis
Investors looking to exit Ethereum have accepted lower prices over time, and ETH is currently in a short-term descending trend channel. Descending trends indicate that ETH is experiencing negative development, with reduced buying interest among investors. There is no support in the price chart, signaling further declines. In the event of a positive response, ETH has resistance at $1,635. In the short term, ETH receives a generally negative technical evaluation.
Medium-Term ETH Analysis
Investors have accepted lower prices over time to exit Ethereum, and ETH is currently in a medium-term descending trend channel. Descending trends indicate that ETH is experiencing negative development, with reduced buying interest among investors. After breaking the support at $1,806, the price experienced a significant decline following the negative signal from a head and shoulders formation. The target at $1,649 has now been reached, but the formation suggests further development in the same direction.
ETH has broken the support at $1,640. This suggests further declines. In the event of a positive response, the $1,640 level will now act as resistance. Volume levels correspond well with price peaks and troughs, weakening the descending trend and potentially signaling an early change in trend. In the medium term, ETH receives a generally negative technical evaluation.
Long-Term ETH Analysis
Ethereum has broken the base of a long-term upward trend channel, initially indicating a slower rate of ascent or the beginning of more horizontal development. ETH is moving within a rectangle formation between support at $1,394 and resistance at $2,189. A clear break above or below these levels will indicate a new direction for ETH. ETH has broken the support at $2,000, suggesting further declines. Technically, in the long term, ETH receives a generally negative evaluation.
Ethereum (ETH) Price
Today’s Ethereum price is $1,577.47 USD, with a 24-hour trading volume of $4,153,692,691 USD. Ethereum has experienced a 1.07% decrease in the last 24 hours. It currently ranks 2nd with a live market cap of $189,657,588,589 USD and has a circulating supply of 120,229,194 ETH coins.
Summary
Ethereum (ETH) analysis evaluates the short, medium, and long-term outlooks. Short-term analysis provides a generally negative technical evaluation. Medium-term analysis offers a generally negative assessment. Long-term analysis indicates a break in the upward trend, reflecting a more complex picture. These analyses can assist ETH investors in understanding potential future price movements.
