Ethereum: Is it the End or Just a Roller Coaster Dip?

Ethereum Prediction: Is ETH Roller Coaster Ride Near an End?

Ethereum Price trades below $3,800 and the 100-hourly SMA

  • BlackRock has filed an S-1 form for their Spot Ethereum ETF.

  • Ethereum's price dipped below $3,800 and is nearing the key support at $3,700, suggesting a potential rebound.

  • ETH has consolidated for nine consecutive days, indicating a prolonged battle between bears and bulls.

  • The $3,700 level has served as strong support, tested multiple times in the past nine days.

  • Currently, ETH's price is within the 0 to 0.23 Fibonacci retracement range. Breaking above this range could push Ethereum's value beyond $4,000.

  • According to Coingabbar Prediction, If the market stays above $3,700 support, bulls may gain momentum, aiming for ETH to reach $4,095 resistance in the coming weeks.

  • If bears dominate, ETH may break below $3,700 support, possibly declining to the next support at $3,400.


RESISTANCE LEVEL : $3,800-$3,900

SUPPORT LEVEL : $3,660-$3,560

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

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