Ethereum ($ETH ) update: Where are we headed after this drop?
Guys, $ETH Ethereum is having a tough session and, honestly, testing everyone's nerves! The price fell, recording a 4.68% decline to reach $2,026.05, after attempting to touch a low near $2,003.57.
📉 What's happening on the chart?
The price is currently trading below the moving averages, and selling pressure is completely dominating the hourly timeframe.
At the same time, we're seeing it touch the lower Bollinger Band, which means there's clear oversold territory and we could very well see a slight corrective bounce upward, giving the market a chance to catch its breath.
⚠️ Key levels:
Keep an eye on the $2,000 barrier; this is the main psychological and technical support that needs to hold.
If there is an attempt to rise and correct, we'll run into nearby resistance around $2,040–$2,060.
Be careful with your trades and keep your risk management strict in fast-moving markets like this!
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#ETH #Ethereum
#HotCPIDecemberHikePriced #Binance #BTC走势分析
Guys, $ETH Ethereum is having a tough session and, honestly, testing everyone's nerves! The price fell, recording a 4.68% decline to reach $2,026.05, after attempting to touch a low near $2,003.57.
📉 What's happening on the chart?
The price is currently trading below the moving averages, and selling pressure is completely dominating the hourly timeframe.
At the same time, we're seeing it touch the lower Bollinger Band, which means there's clear oversold territory and we could very well see a slight corrective bounce upward, giving the market a chance to catch its breath.
⚠️ Key levels:
Keep an eye on the $2,000 barrier; this is the main psychological and technical support that needs to hold.
If there is an attempt to rise and correct, we'll run into nearby resistance around $2,040–$2,060.
Be careful with your trades and keep your risk management strict in fast-moving markets like this!
Be the first to know the crypto news أدعوك للانضمام إلى مجموعتي تداول 💸 مع crypto lens ✨⚡
#ETH #Ethereum
#HotCPIDecemberHikePriced #Binance #BTC走势分析
