Critical Levels Ethereum Investors Should Pay Attention To!

  • Ethereum experienced a drop of more than 6% today.
  • Ethereum price reached the level of $1860 today.
  • What will be the future of Ethereum? Will the drop continue?

Critical support and resistance levels that Ethereum investors should follow! Will Ethereum continue to fall? Current ETH analysis!

Medium-Term ETH Price Analysis

12 Hour ETH Price Analysis Source: TradingView

12 Hour ETH Price Analysis Source: TradingView

We have examined Ethereum’s current price chart. The ETH price experienced a drop after encountering sales from the critical Fibonacci zone.

If the ETH price retests the 1937$ resistance zone mentioned in the analysis, short confirmations with stop above the 1937$ level can be sought with 4-hour candlestick closures.

ETH price needs to make daily candlestick closures above the 1937$ level to continue its upward movement.

If Ethereum cannot make daily candlestick closures above the 1937$ level, it may want to realize the drop to the 1640$ levels mentioned in the analysis.

Critical Support and Resistance Zones

When we examine Ethereum’s critical support and resistance zones, the nearest support zone is at the level of $1830.

If the ETH price cannot make 4-hour candlestick closures above the 1830$ level, it may realize the drop to the 1780$ levels first.

Another important support zone for ETH is at the level of 1686$. ETH price may want to realize the liquidation of long positions formed in this zone.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

Litecoin Dominates Crypto Payments, Gearing Up for Major Network Upgrade with MWEB

As Litecoin ascends to the pinnacle of crypto payments, its imminent MWEB upgrade promises to redefine scalability and privacy in digital currencies.

Ethereum Targets $4K Milestone: Momentum Builds Beyond $3,680 Resistance

Ethereum price holds strong above $3,500, with indicators pointing towards a continued upward journey. A crucial test awaits at the $3,680 resistance, potentially paving the way to $4,000.

Bitcoin Breaks $70,000 Resistance: A Prelude to Further Gains?

Bitcoin shows signs of a robust recovery, climbing above the $70,000 resistance, with eyes set on breaching the $71,500 barrier for further gains.

MicroStrategy Faces “Unjustifiable Premium” to Bitcoin as Spot ETFs Emerge, Analysts Argue

An investment analysis reveals MicroStrategy's disproportionate valuation compared to Bitcoin, sparking debate over its appeal in light of emerging spot ETFs.

Ethereum Futures Hit Record Highs: Sign of a Bullish Rally or Bearish Sentiment Ahead?

Ethereum futures' record-setting open interest stirs the market, presenting a complex scenario intertwined with regulatory prospects, institutional interest, and derivative indicators, as ETH eyes the $3,800 threshold.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Targets $4K Milestone: Momentum Builds Beyond $3,680 Resistance

Ethereum price holds strong above $3,500, with indicators pointing towards a continued upward journey. A crucial test awaits at the $3,680 resistance, potentially paving the way to $4,000.

Bitcoin BTC Surges Past $70k, Could Further Rally to $75K

Stay ahead of the crypto market curve with this in-depth analysis of Bitcoin's price action, potential drivers, and what to expect next.

Bitcoin BTC’s Path to $70k: Can BTC Overcome the $66.7k Resistance?

Exploring Bitcoin's potential resurgence to $70k, this analysis scrutinizes the pivotal $66.7k resistance level, subsequent targets, and the significance of liquidation levels for investors.

Will WLD Coin Surge to $12? An In-Depth Analysis of WLD’s Potential!

This analysis delves into WLD Coin's current market behavior, highlighting the technical formations that suggest a potential rise to $12, while advising caution at key support levels.

NEO Coin Targets Ambitious Growth: Aiming for $25 in the Long-Term Analysis

This article delves into NEO Coin's long-term prospects, spotlighting the technical analysis and potential price targets that make it a cryptocurrency to watch.
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.
spot_imgspot_imgspot_imgspot_img

Ethereum Targets $4K Milestone: Momentum Builds Beyond $3,680 Resistance

Ethereum price holds strong above $3,500, with indicators pointing towards a continued upward journey. A crucial test awaits at the $3,680 resistance, potentially paving the way to $4,000.

Ethereum Futures Hit Record Highs: Sign of a Bullish Rally or Bearish Sentiment Ahead?

Ethereum futures' record-setting open interest stirs the market, presenting a complex scenario intertwined with regulatory prospects, institutional interest, and derivative indicators, as ETH eyes the $3,800 threshold.

Vitalik Buterin Proposes Decentralization Boost for Ethereum Staking with Anti-Correlation Penalties!

For strengthen Ethereum's decentralization, Vitalik Buterin has outlined a proposal that could alter the staking landscape by penalizing correlated validator failures, thereby promoting more diversified and resilient network participation.