bitcoin
Bitcoin (BTC) $ 67,519.09
ethereum
Ethereum (ETH) $ 3,498.38
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 597.15
xrp
XRP (XRP) $ 0.604938
cardano
Cardano (ADA) $ 0.437447
usd-coin
USDC (USDC) $ 1.00
matic-network
Polygon (MATIC) $ 0.542375
binance-usd
BUSD (BUSD) $ 0.996402
dogecoin
Dogecoin (DOGE) $ 0.13816
okb
OKB (OKB) $ 41.76
polkadot
Polkadot (DOT) $ 6.28
shiba-inu
Shiba Inu (SHIB) $ 0.000018
tron
TRON (TRX) $ 0.135551
uniswap
Uniswap (UNI) $ 7.97
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 67,501.09
dai
Dai (DAI) $ 0.999546
litecoin
Litecoin (LTC) $ 74.16
staked-ether
Lido Staked Ether (STETH) $ 3,500.69
solana
Solana (SOL) $ 180.20
avalanche-2
Avalanche (AVAX) $ 32.50
chainlink
Chainlink (LINK) $ 14.31
cosmos
Cosmos Hub (ATOM) $ 6.42
the-open-network
Toncoin (TON) $ 7.06
ethereum-classic
Ethereum Classic (ETC) $ 23.57
leo-token
LEO Token (LEO) $ 5.73
filecoin
Filecoin (FIL) $ 4.67
bitcoin-cash
Bitcoin Cash (BCH) $ 389.44
monero
Monero (XMR) $ 164.99
bitcoin
Bitcoin (BTC) $ 67,519.09
ethereum
Ethereum (ETH) $ 3,498.38
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 597.15
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.604938
binance-usd
BUSD (BUSD) $ 0.996402
dogecoin
Dogecoin (DOGE) $ 0.13816
cardano
Cardano (ADA) $ 0.437447
solana
Solana (SOL) $ 180.20
matic-network
Polygon (MATIC) $ 0.542375
polkadot
Polkadot (DOT) $ 6.28
tron
TRON (TRX) $ 0.135551

Ethereum Loses Important Support And Could Fall To A Low Of 3,000 Dollars

Must Read

The newest worth evaluation by Coinidol.com report, Ethereum (ETH) worth has damaged down after being caught between the shifting common traces.

Lengthy-term evaluation of the Ethereum worth: bearish

The bulls and bears have began a worth battle for management of the market. After a two-week worth battle, the bears have gained the higher hand after breaking the 50-day SMA or the vital assist at $3,400. This resulted within the crypto worth falling under the shifting common traces because it hit the low of $3,231 and retreated. Ether has made an upward correction however was stalled on the excessive of $3,431. On the upside, Ether might regain momentum if the bulls break above the $3,400 resistance and the 21-day SMA. Nonetheless, if the patrons fail to beat the $3,400 resistance, Ether might fall again to the lows of $3,000 and $2,825. Within the meantime, Ether’s worth stands at $3,369 on the time of writing.

Evaluation of the Ethereum indicators

The worth bars at the moment are under the 21-day SMA and the 50-day SMA, which had been beforehand trapped between the shifting common traces. This means an extra decline within the cryptocurrency whereas it’s within the bearish development zone. On the 4-hour chart, the shifting common traces are exhibiting a bearish crossover, which is a bearish sign.

Technical indicators:

Key resistance ranges – $4,000 and $4,500

Key assist ranges – $3,500 and $3,000

What’s the subsequent course for Ethereum?

On the 4-hour chart, Ether is under the shifting common traces in a downtrend. The altcoin beforehand ranged between $3,400 and $3,640. The bears broke the present worth vary and reached the low of $3,233. The upside has stalled as Ether is pressured right into a slim vary between $3,200 and $3,400. The rejection of the current excessive will trigger Ether to say no.

On June 22, 2024 cryptocurrency analytics specialists of Coinidol.com acknowledged that the most important altcoin has held solidly above the $3,400 assist stage, supported by the shifting common traces.

Disclaimer. This evaluation and forecast are the private opinions of the writer. They aren’t a suggestion to purchase or promote cryptocurrency and shouldn’t be considered as an endorsement by CoinIdol.com. Readers ought to do their analysis earlier than investing in funds.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Is web3’s innovative explosion constraining user adoption?

Disclosure: The views and opinions expressed right here belong solely to the creator and don't symbolize the views and...
- Advertisement -

More Articles Like This