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    Eth support levels. Jan 15, 2025 · Key Notes.

    Eth support levels For now, we expect this resistance zone to hold. 4 days ago · However, if this support level breaks, ETH could retest $1,800 or lower in the short term. Support levels come into play, with the initial stronghold at $2,995. Ethereum ETH Price 9 hours ago · Ethereum confirmed its bearish trend with a breakdown from long-term diagonal and horizontal support levels. Oct 9, 2024 · Crypto Exchange Archax to Offer Tokenized Money Market Funds from State Street, Fidelity International and LGIM Jan 12, 2025 · Ethereum has faced significant selling pressure in recent trading sessions as broader market trends turn more bearish. Against Bitcoin, the bulls are most likely to defend the support at 0. 3. If this level holds, it could help restore bullish sentiment in the near future. Jun 19, 2024 · Support is the level at which buying interest is strong enough to prevent the price from declining further, while resistance is the level at which selling pressure is strong enough to prevent the price from rising. A transaction sent on Ethereum is irreversible. This activity suggests active market positioning as prices test support zones. Aug 12, 2021 · The digital asset is on track to return near the all-time high around $4,300 as buyers remain active at support levels. The ETH/BTC pair is testing a crucial support level around 0. 2 days ago · The ETH USD forecast is prepared based on indicators, support and resistance levels, and also other methods of technical analysis. Mar 11, 2025 · Major Outflow and Potential Rebound: $1. Source: TradingView. 5 days ago · According to technical analysts, key support levels failing to maintain their position might trigger the price to approach the $1,250 point. Mar 10, 2025 · If Ethereum price fails to hold this support, it can crash by another 75% all the way to $1,250 levels. Nov 4, 2024 · Currently sitting at $2,458. Dec 17, 2024 · The next major resistance level stands at $4,120, followed by potential targets at $4,250 and $4,350. Let’s dive into the charts and explore whether ETH has the potential to make a parabolic move toward $7,000. While the price bounced on March 11, the increase is a corrective structure and could have ended on March 19. The analysis identifies support between $2,087 and $2,311, while resistance is expected near the $2,459-$2,531 range, where breakeven traders may be inclined to sell. This level is a psychological and technical barrier that would signal renewed strength. Conversely, failure to break above $3,850 could lead to further downside movement. 6% Fibonacci retracement level of the downward wave from the $2,150 swing high to the $1,752 low. If ETH sustains this level, a breakout from the triangle could set the stage for wave (iii) in a new five-wave impulsive pattern. According to expert technical analysis, ETH has broken out of a bearish Head-and-Shoulders pattern and breached a crucial support level at $3,250. Jan 13, 2025 · If support at $3,220 breaks, ETH could test lower levels at $3,160 and potentially $3,050 Ethereum has initiated a recovery phase, moving above the $3,200 price level after finding support at $3,160. The second-largest cryptocurrency by market capitalization has shown resilience in its recent price action, though it continues to face challenges Nov 18, 2024 · The movement brought ETH to test the $3,000 support level, establishing a local low at $3,016. This is an essential support for the bulls to defend because a break below it may sink the pair to $0. Since the support level was strong in the past, this should be a moment to consider a long position again. 382 Fib): Critical mid-level support aligned with prior consolidation. One of the main challenges for Ethereum’s price is breaking through resistance levels. A confirmed breakout above $3,745 will likely catalyze Wave (v) toward $4,275 and beyond. 50, a level crucial to determining its short-term trajectory. Ethereum (ETH) has maintained its critical support level of $2,860, a price point tested multiple times since July 5, demonstrating strong buyer demand. A break above this could lead to further gains, while failure to hold this level may resume the correctional bearish trend. Support Levels. 7M in inflows, with BlackRock leading the way, buying $124. 00 support level. Feb 21, 2024 · Surpassing this barrier might pave the way for ETH to progress further, reaching $3,220 and potentially soaring to even greater heights. 00 and beyond. 1 day ago · As ETH reclaimed the $2k level, large capital inflows hinted at a potential bottom formation. After attempting to break above key resistance levels, ETH has encountered hurdles that suggest the prevailing trend is shifting toward a more negative outlook. Jun 15, 2022 · Key Support Levels: $1000 & $900 Key Resistance Levels: $1300 & $1500. 2 days ago · On the other hand, if Ethereum cannot sustain itself above the $1. 6% Fibonacci retrace. Support levels have established themselves at key points, with initial support near $3,980 and a stronger foundation at $3,940. 6, a critical support zone aligning with the 0. President Donald Trump’s second inauguration, Ethereum has lost two major support levels—$3,200 and $2,200. If selling pressure increases, ETH could drop to $3,017. 236 Fib). This price point has proven to be a crucial area of interest for traders and investors alike. The next major support levels lie at $3,150 and $3,000, prices that previously showed strong buyer interest. Crypto analyst Ali Martinez observed that the ETH underwent a major breakout from a parallel channel which normally indicates continuing bearish market trends. 18 hours ago · If the price skids below $0. Nov 29, 2024 · Ethereum maintains momentum with strong $3,500 support base; Price reached $3,688 before healthy retracement; Technical pattern shows resistance near $3,600 level; Market indicators point to balanced conditions with upward bias; Key levels established: support $3,540, resistance $3,650 Jul 21, 2023 · Ethereum (ETH) Price Support Level | Whale Wallet Balance, July 2023, Source: Santiment With ETH currently hovering around $1,900, the fresh investment of 150,000 is worth $288 million. Jan 9, 2025 · Ethereum (ETH) Technical Analysis and Upcoming Levels . A breakout above the 50-day EMA at $2. A rejection could force ETH back toward lower support levels given the current market structure, as this level has historically served as a significant turning point. If the bearish momentum continues, Ethereum price could test the critical support level at $3,014. If you take the all-time high of $4,900 and the bear market low of $875, the $4,000 level is a perfect 78. Pivot Point: (PP) = (H + L + C) / 3; 1st Resistance Level: (R1) = (2 * PP) - L; 2nd Resistance Level: (R2) = PP + (R1 - S1) 3rd Resistance Level: (R3) = H + (2 Feb 24, 2025 · From a long-term perspective, the 1-week chart shows $3. Here are some levels I'm looking at for $ETH (ev However, failure to maintain above the $2,125 support could expose Ethereum to further downside risks, potentially testing the $1,586 level (0. Downsides Supported In ETH? If Ethereum fails to clear the $3,500 resistance, it could start another decline. The ETH price trades inside a minor horizontal support area that has been in place for over a month. However, at the time of this post, the price fell under $2,000 as it entered a pullback. Losing this level might push ETH below the $3,000 mark for the first time since November 2024, with subsequent supports at $2,723 and $2,359, the latter representing a potential 23% correction. For the bullish scenario to play out, Ethereum needs to overcome several resistance levels. The $2,000 support zone remains the key factor in determining Ethereum’s fate for the coming year. Wondering whether the ETH price will achieve a new high during the altcoin season this year? Ethereum Price Hits Support. Right now, ETH trades at $3,294. $2,875 to $3,050 is the resistance zone. 10. 5 Fib) or $3,340 (0. Sustaining this area will lead to a more extensive bearish trend in which ETH will likely retest lower levels at $1,800 or even $1,750. Jan 12, 2025 · In today’s video we take a detailed look at ETH/USDT as Ethereum trades at 3241. Unfortunately, if you've sent ETH to the wrong wallet, there is no way to recover these funds. Dec 30, 2024 · ETH Price Prediction Zooming into the hourly chart, Ethereum shows early signs of bullish momentum. However, until bulls break past resistance levels, ETH remains in a high-risk zone where volatility can drive price swings in either direction. Ethereum Price Breaks Out of Parallel Channel. Failure to reclaim this zone could expose ETH to a retest of the $2,100 Dec 18, 2024 · The decline could send ETH toward the support level at $3,550. Jan 9, 2025 · The $3,280 zone represents immediate support, while $3,220 serves as a crucial level that buyers have defended. 0220. This gives investors a good basis for resistance and the likelihood of a pull back. 37% in the last 24 hours. When looking at the expectations for a pull back, a likely target could be $2,300 Apr 9, 2021 · Nonetheless, Gradwell emphasized that $1,500 is the macro support level for ETH in the short to medium term. This zone has acted as a critical ceiling in the last few months. On the flip side, if the bears gain dominance, this could pull the price toward its important support level of $3,000. While this is normal after its recent bounce, it is critical for buyers to push ETH back above this key level if they hope to reverse the current downtrend. 72 USDT showing a slight 0. A bounce off this level could see ETH recover the support level of the triangle's upper boundary. 30. Jan 13, 2025 · The price then shot up 234%. Source: TradingView Dec 19, 2024 · After seeing a rejection near its yearly high resistance of $4,093 on December 6, ETH formed a trough by declining to the neckline support level near $3,550. This zone is the intersection point of dynamic (in blue) and static support (in green). Overcoming these barriers and flipping them into support level will increase the odds of revisiting the equal highs at $4,093. If this happens, Ethereum could rise back to $3,131, setting the stage for a potential rebound. 5K reinforced the positive outlook as the average Coinbase premium for altcoins stabilized. Mar 29, 2023 · Support level 1 (S1) = (2 x PP) - High. In the past three weeks, ETH has dropped over 33%, trading near $1,891 as of early Friday, March 14, in the European session. If ETH falls below this, further downside movement toward $1,800 is likely. Mar 14, 2025 · Ethereum has struggled to break the $4,000 resistance level over the past year and now faces critical support tests. Initial support is at $3,680, followed by a major support zone near $3,600, with a potential downside target at $3,500. While not all methods are necessary to accurately forecast the direction of the market, some key indicators do hold more weight. Ethereum price finds support around the $1,861 level, suggesting a bounce ahead. Key Support and Resistance Levels. Stocks got hammered on the first day of a new trading week. 1 day ago · Support and Resistance points are based on end-of-day prices and are intended for the current trading session if the market is open, or the next trading session if the market is closed. 9K support level, it could result in a steeper dip towards the $1,850 support level, where more buying interest can be gained. • $2,000: A psychologically Key Ethereum price levels to watch include $2,869, $3,119, and $3,300 as resistance levels, and $2,621 and $2,682 as critical support levels. Resistance Zones: The price failed to break above $4,000, reflecting strong seller interest at this level. Support Levels and Uncertainty: ETH may test the $1,700 support level, and if it fails, further liquidations could lead to a prolonged recovery period. Dec 10, 2024 · This profit-booking spree marked a two-year high in futures liquidations for ETH, reflecting increased market activity during the correction. Sep 13, 2024 · I've sent ETH to the wrong wallet. $3,418 (0. Feb 26, 2025 · Despite the recent price turbulence, Ethereum has seen significant buying activity around two key levels: $2,632 and $3,149. 51 percent decline We discuss the key support and Aug 22, 2020 · Right now this momentum is gone and the $380 level is a key level again. Analysts, including Justin Bennett, foresee a potential bottom for the crypto market around a Dollar Index (DXY) level of 110. At present, Ethereum’s price is hovering just below $2,800, a crucial level for the asset. A move above this level would signal renewed strength, potentially setting ETH up for a strong rebound. As noted in a previous analysis by BeInCrypto, set buy orders near key support levels at $3,575 and $3,400. Since U. Mar 13, 2025 · This recovery push allowed the price to clear several resistance levels including $1,800 and $1,820. If the daily support around $1,861 holds, the ETH price could extend the recovery to retest Dec 29, 2024 · If ETH creates an equal low, I’d expect it to bounce off that area, test the red trend line again, and potentially form a lower high – completing a barrier triangle structure. The price has recently reclaimed $3,519. The key to recovery will lie in reclaiming this level and possibly flipping the $3,028 level into support. 1M. ETH declined below the $3,320 and $3,250 support levels. Moving Averages: MA20: $1686 MA50: $2072 MA100: $22551 MA200: $2939. 786 Fibonacci retracement). Mar 7, 2025 · A key support level at $2,084, a breakdown of which could lead to a bearish development that could push ETH price down to $1,000. Feb 25, 2025 · After its steep decline, the asset has been gradually recovering, but the resistance level at about $3,050 is still a major obstacle. How are Ethereum whales influencing ETH’s price movement? Jan 15, 2025 · Support and Resistance Levels. 48 trillion, plunging by 5. The decision points influencing Ethereum’s future movements are demanding that the cryptocurrency passes multiple thresholds to recover from the price drop or sustain its declining trend. This decrease clearly indicates that ETH has been following a worse trajectory than Bitcoin which might again be true if the support level crumbles. The ETH/BTC Chart. If #Bitcoin is going to drop down to $38k, then we need to be prepared for the entire crypto market to drop. 86 support level. It looks like the price found some support here, and since the volatility is a bit lower now we have the opportunity to take the time to see the new direction of ETH. $3,420: Another critical support level to monitor for potential bearish continuation. 8 billion worth of ETH left exchanges last week, suggesting long-term holding, which could signal a future rebound. A moving average is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance. 1 day ago · The key resistance level is $2,575, and the key support level is $1,769, which could define Ethereum’s trajectory. 1 day ago · With total volumes trend at 384,000 ETH at press time on Thursday, March 20. The WXY correction appears to have concluded, with wave Y bottoming at key horizontal support at $2,125 (0. Initial support on the downside is near the $3,300 level. Support level 2 (S2) = PP - (High - Low) Support level 3 (S3) = Low - 2 x (High - PP) Look for Potential Levels. 81 after losing the crucial $0. 9 million ETH Current price action resembles the 2021 pattern that led to ETH’s all-time high Multi-month inverse head and shoulders pattern is forming, with potential target of $7,000 according to some analysts Jan 16, 2025 · ETH is currently trading above both $3,300 and the 100-hourly Simple Moving Average, indicating positive market sentiment; Key resistance levels are established at $3,480 and $3,500, with potential upside targets at $3,550 and $3,650; Support levels are positioned at $3,350 and $3,280, with critical support at $3,050 Dec 9, 2024 · The global cryptocurrency market capitalization stood at $3. There is local support for ETH at $2,655, with the major support at $2,420. The ETH/BTC ratio has been in a continuous decline since mid 2021 as seen on the chart and the next support level is expected to be at BTC 0. Dec 9, 2024 · If the price finds support at these levels, ETH could resume its uptrend with a new attempt at breaking the $4,075 resistance. Key Levels to Watch. Apr 17, 2023 · For example, if a stock price breaks through a resistance level, that level can become a support level for future price movements. ETH Bulls Form Strong Support At $3,700 – $3,810 In an X post on December 14 , crypto analyst Ali Martinez revealed the formation of a critical support zone in the Ethereum market. He added: “The ETH market has changed radically in recent months, with a significant Support levels also carry psychological weight in trading. Ethereum’s price is currently testing a crucial demand zone around $1,600 on the weekly chart. Ethena (ENA) is trading at $0. ETH bounced off $3,550 and rallied 18 hours ago · This comes after the price bounced on the key support at $1,800 and briefly revisited $2,000. The support and resistance levels can act as potential levels for entering or exiting trades. Investors who bought ETH within this range tend to perceive it as a fair valuation, increasing the likelihood that they will defend this level by either holding or accumulating more ETH. Key Levels for Ethereum’s Momentum. 73, maintaining strong momentum above key support levels. However, this price decline is expected to continue as ETH has formed a bearish price action on the daily timeframe. $ETH $ • Support levels: • $2,080: This level previously acted as support; breaking it may lead to a drop to $2,020 or even $2,000. 023. Jan 26, 2024 · The Ethereum (ETH) price started 2024 with a sharp increase, reaching levels not seen since May 2022. Rising volume and RSI recovery indicate a bullish trend forming. If Ethereum fails to hold above this mark, the next major downside target is around $1,440, which would represent a substantial drop from current levels. 🔸Multiple support and resistance levels can exist: A price chart can have multiple support and resistance levels at the same time, depending on the time frame and the volatility of the market. Real-time technical chart analysis of Ethereum price, daily ETH price predictions and expert's forecasts, Ethereum's resistance and support levels. $3,669 (0. ETH holds key trend levels | Source: ETHUSDT chart on TradingView For Ethereum to reverse the short-term bearish trend, bulls must reclaim the $2,800 mark and hold it as support. Moving average is a price based, lagging (or reactive) indicator that displays the average price of a security over a set period of time. Feb 28, 2025 · ETH Price Analysis Ethereum’s daily chart illustrates a multi-month corrective structure, culminating in a sharp sell-off that formed a descending channel structure. The first major support sits near the $3,250. It stays above the important $3,000 mark. No one central organization, entity, or person owns Ethereum, which means no one can reverse transactions. . 6 billion, at prices between $3,700-$3,810 Dec 12, 2024 · Ethereum’s price momentum continues to build as the leading smart contract platform approaches the psychologically important $4,000 level. Initial support on the downside is near the $3,420 level. Jan 9, 2025 · Support has emerged at $3,280, while resistance remains active at $3,340. Third-Time Breakdown. 236 Fib): Immediate support to watch during the initial pullback. Ethereum (ETH) price trades today at $2,655. Ethereum’s current trading range highlights critical price zones that traders should monitor. Ethereum FAQs. May 21, 2024 · Ethereum (ETH) technical analysis, recent news and description. In addition, you can also monitor the latest ETH/USD chart on the forecast page. Support Levels: $1,850 – Primary support level. Mar 12, 2025 · According to on-chain data, ETH’s Realized Price currently sits at $2,060, a level that has acted as crucial support in previous cycles. Despite the decline in market activity Ethereum defended the $1,950 support level, as Trump’s appearance at Blockwork’s Digital Asset Summit reinforced long-term support for the crypto industry by the US government. Jan 17, 2025 · A correction for Wave (iv) may revisit support levels at $3,540 (0. This level has become significant after Ethereum’s recent price shift into a bearish trend. 12 million addresses held 4. 43, suggesting a bounce ahead. The chart below shows ether’s long-term breakout above $1,400 in January Nov 25, 2023 · In the dynamic world of crypto, Ethereum (ETH) finds itself in a tricky place as it approaches a crucial support level near $2,125. A clear move below the $3,250 support might push the price toward the $3,200 support. Market observers note that a breach below $3,220 could lead to testing lower support zones. 51, 79. Technical indicators present a mixed picture at current levels. 18 hours ago · To answer this, we will analyze ETH’s price action, key resistance and support levels, technical indicators like RSI and MACD, and the fundamental catalysts that could drive Ethereum to new highs. However, ETH has fallen since January 12. These include $3,278, which serves as immediate support, followed by $3,029 and the psychologically important $3,000 level. Based on data from IntoTheBlock, Martinez shares that 3 million distinct wallets acquired 4. Analysts are watching the $3,222. Mar 15, 2024 · If the Ethereum (ETH) price surpasses the $3,880 resistance, it may regain bullish momentum, aiming for the $4,000 level. Technical analysis reveals the formation of a contracting triangle pattern on the hourly chart, with resistance established at $3,120. Identifying Ethereum support and resistance levels gives traders Feb 24, 2025 · ETH has bounced from the $2,500 level and it's moved up to the local horizontal resistance of $2,875, where it has (for now) rejected, as we expected it to. 05 BTC. The key resistance level at $2,857, a breakout above this barrier will potentially lead to a retest of $4,000 or new highs. ETH/USDT daily chart. ETH Price Prediction Dec 20, 2024 · Bitcoin (BTC) has dropped from its crucial $100K support level, and analysts predict a potential 25% pullback. 3K are the most critical resistance levels preventing ETH price from moving higher. 8 billion to $2. Feb 27, 2025 · Consequently, ETH price is now struggling near $2,315, a level that previously acted as a pivot in early January. May 21, 2024 · ” Support refers to a price level where buying pressure is expected to be strong enough to prevent further price declines, while resistance refers to a level where selling pressure is expected to be strong enough to prevent further price increases. Some people who follow these things say buyer interest remains strong. If the price approaches a resistance level, it may be a good time to sell the asset or place a Jun 11, 2024 · $3,500: A psychological support level where ETH found some stability. The bulls managed to push the price above the $1,880 level. On the Coinbase front, Ethereum staying above the $3. 14. These price zones have become critical support and resistance levels for ETH, offering potential indicators of where the price may stabilize or reverse direction. 1 day ago · ETH Tests Critical Demand Zone. The bears even pushed the price below the $3,120 zone. RSI 2 days ago · Bitcoin faces resistance around its 200-day EMA at $85,500; a firm close above indicates recovery on the cards. 618 Fibonacci retracement level). This collective sentiment can provide stability and potentially prevent deeper price drops. Oct 16, 2024 · Conversely, if Ethereum’s price closes below the daily support level at $2,461, ETH could extend the decline by 13% to retest its September 6 low of $2,150. 16, the DOGE/USDT pair could retest the critical support at $0. Key Levels to Watch Jan 13, 2025 · ETH Price Analysis. 1K and $3. US spot Ethereum ETFs saw $128. Ethereum Price on CoinGecko. Jan 15, 2025 · Key Notes. Trend, momentum, volume, chart pattern, and key support and resistance levels. It tested the $3,000 support zone. Navigating Downward Moves: Amidst the upward momentum, it’s essential to be mindful of potential corrections. To avoid further decline toward $1,500, ETH must hold its current support level. Mar 5, 2025 · The Ethereum (ETH) price underwent a major dip by transitioning from its peak at $2,550 until reaching $2,000 support levels. There was also a move above the 23. Aug 2, 2024 · ETH Holds Strong Support at $2,860, Eyes Potential Upside with ETF Boost Ethereum (ETH) has maintained its critical support level of $2,860, a price point tested multiple times since July 5 Mar 26, 2024 · Ethereum recently topped out at just over $4,000. 6 billion, at prices between $3,700-$3,810 Feb 28, 2025 · ETH Price Analysis Ethereum’s daily chart illustrates a multi-month corrective structure, culminating in a sharp sell-off that formed a descending channel structure. Trading data shows ETH has gained over 7% in the past 24 hours, reaching $3,929. A low was formed at $3,031 and the price is now consolidating Another Decline In ETH? If Ethereum fails to clear the $3,400 resistance, it could start another decline. Jan 15, 2025 · Key support level between $3,066-$3,160 was broken, where 4. The fund moved 25 million USDC to a new multi-sig wallet and executed a 4,468 ETH ($10 million) purchase at $2,238. Jan 10, 2025 · The market structure shows several key support levels that traders and investors are watching closely. Ethereum price failed to extend gains above the $3,450 zone and started a downside correction like Bitcoin. If such a move occurs, buyers could May 2, 2023 · In this week's Ethereum technical analysis, we take a closer look at the key support and resistance levels for Ethereum (ETH), as well as the latest market t Jan 11, 2025 · Ethereum faces immediate resistance at $3,425. On-chain data confirms that Donald Trump’s World Liberty Financial has resumed ETH accumulation. Ethereum Price Analysis. 74% to $2. ETH Price Key Resistance Levels for Bullish Breakout. As the price begins testing the $3,051 support, a potential breakdown could signal a […] 1 day ago · ETH traders use a wide range of trading signals and technical indicators to predict a price's trajectory. Market observers note that clearing these levels could potentially push ETH toward the $4,500 mark in the near term. XRP Jan 9, 2025 · How Ethereum’s maximum pain levels for all maturities can define ETH’s support and resistance levels. Feb 15, 2025 · XRP Aiming for a Breakout – XRP has surged 6. Ethereum’s market structure currently mirrors the drawdown period from mid-2024. A clear move below the $3,400 support might push the price toward $3,350. However, the decline was short-lived, as ETH bounced off the $3,530 support level, a key threshold that prevented further downside. 6 million ETH, valued at $17. ETH dropepd 9% and losing its key support of $3,550, while SOL has cracked under $200. 14 hours ago · XRP breaks and retests its support level around the 50-day EMA at $2. Feb 2, 2025 · Suppose, the bulls regain momentum, in that case, the ETH price could retest its upper high of $3,300. Source: Ali Martinez Today’s ETH price drop comes amid the broader crypto market correction as market liquidations soar to more than $600 million as per the Coinglass data . 85 could push XRP towards $3. Meanwhile, the broader financial market is under pressure. Feb 5, 2025 · Currently trading at nearly $2,698, Ethereum is holding above this support level. Volume analysis shows notable trader interest at these levels, with increasing participation during key price movements. Mar 14, 2025 · Ethereum Loses Key Support Levels. 92% of ETH addresses are in profit and may exert selling pressure around resistance levels. Consider taking profits at resistance levels around $4,134 and $4,390, or opt to HODL. According to a report from Deribit Insights, this stability sets the stage for a significant upward move, especially following the recent approval of Ether exchange-traded funds (ETFs) in the Mar 11, 2025 · ETH found support near $1,750 — a level obtained by measuring the percentage change between the $2,850 and $2,200 rectangular channel and projecting it downward. Identifying these levels can be crucial for traders in setting stop-loss orders and profit targets. The TPO and daily chart further highlight the aforementioned nPOCs. ENA’s market cap has dropped from $3. If ETH holds this support level, it could serve as the base for a reversal, pushing the price higher in the near term. 47 billion since early January. Old resistance points became new support levels. 1 as of 11 PM as China’s M1 money supply nearly doubled from 60 trillion Yuan to 112 trillion Yuan. 46 as buyers step in at crucial support levels. If this is the case, Ethereum will continue its downward movement toward the next closest support at $1,600. S. On the third trip downward, ETH could break decisively, tapping into lower support levels. Support Zones: The $2,800 mark has proven to be a reliable support level, providing a solid base for price recovery in earlier downtrends. 5 Fibonacci retracement. The first major support sits near the $3,400 zone and the trend line. Despite recent market fluctuations, investors remain confident, with many still in the “greed” zone. Notably, this is more than double the potential 61,000 ETH (~$122 million) sell-pressure from the mystery whale wallet. ucllpp znvky zusurh fqesix opt vkbn cxdos auiz ofvef eeyxz dmvfwuz nkjimb sjxbl jpkwauq gcz