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HomeAnalysisEthereum ETH Price Analysis: Short-Term and Medium-Term

Ethereum ETH Price Analysis: Short-Term and Medium-Term

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  • Unless Ethereum makes daily candlestick closures above the level of $1830, it may continue its downward trend and fall to the level of $1780.
  • If daily candlestick closures are made below the level of $1780, Ethereum’s downward movement may expand to the level of $1740.
  • If Ethereum continues to make daily candlestick closures below the level of $1940, the downward trend may continue to the level of $1686.

When examining Ethereum’s price chart, it can be seen that it moves around certain support and resistance levels. In this analysis, evaluations have been made on Ethereum’s current situation and possible price movements.

Short-Term ETH Price Analysis!

4 Hour ETH/USD Price Chart Source: TradingView

4 Hour ETH/USD Price Chart Source: TradingView

When examining Ethereum’s 4-hour price chart, it can be seen that the support zone at the level of $1830 has been broken and this level has become resistance again.

The price of ETH may continue its downward trend and have the potential to fall to the level of $1780 unless daily candlestick closures are made above the level of $1830.

If Ethereum makes daily candlestick closures below the level of $1780, it may expand its downward movement to the level of $1740.

Medium-Term Ethereum Price Analysis!

12 Hour ETH/USD Price Chart Source: TradingView

12 Hour ETH/USD Price Chart Source: TradingView

When examining Ethereum’s 12-hour price chart, it can be seen that it is exhibiting a horizontal movement below the important resistance zone of $1940.

The price of ETH may continue its downward trend to the level of $1686 as long as it continues to make daily candlestick closures below the level of $1940.

If Ethereum makes daily candlestick closures below the level of $1686, it may expand its downward movement to the level of $1625.

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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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