#Ethereum đ„Will Ethereum Price Crash Below $1,500 Before Market ReboundđŻđ
$ETH Ethereum price faces strong resistance as MVRV bands signal key support at $1,440 amid bearish pressure.
Whale transactions to exchanges raise selling pressure concerns, adding to market uncertainty.
A bullish diamond pattern hints at a breakout if resistance levels are breached, signaling potential upside.
#ether Ethereum price action is currently at a critical juncture, with MVRV pricing bands signaling key support at $1,440 amid growing bearish pressure. Market indicators suggest weakening strength, while large whale transactions to exchanges raise concerns about increased selling pressure. Therefore, the coming days will be crucial in
#etherreum determining whether ETH can recover or extend its downtrend below $1500.
According to MVRV pricing bands, Ethereum price shows reduced market strength while existing closer to its lower boundary deviation point. These bands indicate the price levels the top altcoin must surpass to trigger a market recovery or extend its downward trend.
#Ethereumâ
More so, recent analysis suggests that the upcoming Blood Moon Lunar Eclipse could play a role in Ethereumâs price action, potentially triggering heightened volatility. While some analysts predict a bullish reversal due to historical lunar cycle trends, others warn of another wave of panic selling. With Ethereum already in oversold territory, the marketâs reaction to this event could be a decisive moment
#etherium $ETH