Selling Pressure Is Increasing on Ethereum !
Ethereum has lost 6.53% of its value over the past 24 hours, dropping to the $1,820 level.
Technical Outlook:
Daily range: $1,811 – $1,953
MA(7): $1,835
MA(25): $1,890
The fact that ETH is trading below both moving averages indicates that short-term selling pressure continues.
Key Levels:
Support: $1,811
Initial Resistance: $1.835 – $1.850
Key Resistance: $1.890 – $1.900
Analysis: Holding the $1.811 support level is crucial for a short-term rebound. A break below this level could intensify selling pressure.
Conversely, a break above the $1.890 – $1.900 range would be decisive for strengthening the technical outlook.
#Ethereum #ETH $ETH
Ethereum has lost 6.53% of its value over the past 24 hours, dropping to the $1,820 level.
Technical Outlook:
Daily range: $1,811 – $1,953
MA(7): $1,835
MA(25): $1,890
The fact that ETH is trading below both moving averages indicates that short-term selling pressure continues.
Key Levels:
Support: $1,811
Initial Resistance: $1.835 – $1.850
Key Resistance: $1.890 – $1.900
Analysis: Holding the $1.811 support level is crucial for a short-term rebound. A break below this level could intensify selling pressure.
Conversely, a break above the $1.890 – $1.900 range would be decisive for strengthening the technical outlook.
#Ethereum #ETH $ETH
