menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Ethereum P...
source image

Cryptopotato

3d

read

306

img
dot

Image Credit: Cryptopotato

Ethereum Price Analysis: Assessing ETH’s Outlook After Dropping to $1,800

  • Ethereum price analysis reveals that ETH is facing pressure after dropping to $1,800, breaking below key support levels, and testing lower demand zones.
  • On the daily chart, Ethereum remains in a bearish structure, with lower highs and lower lows. Unless ETH reclaims $2,200, the path of least resistance remains to the downside.
  • The 4-hour chart confirms the breakdown of the rising channel that supported ETH's previous recovery attempts. Currently trading near $1,800, ETH looks weak, with little evidence of dip-buying interest.
  • Neutral funding rates and cautious sentiment indicate a cooling-off period or continued downside drift for Ethereum, unless there is a resurgence of positive funding and reclaiming of key technical levels.

Read Full Article

like

18 Likes

For uninterrupted reading, download the app