* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, September 29, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Jussie Smollett Claims He Was ‘Disrespected’ on the ‘Special Forces’ Season Premiere – Yahoo

    Jussie Smollett Opens Up About Feeling ‘Disrespected’ During the ‘Special Forces’ Season Premiere

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    Cardi B Adds More Dates to Little Miss Drama Tour: ‘Y’all Making Me Work’ – Yahoo

    Cardi B Extends Little Miss Drama Tour: “Y’all Making Me Work

    ‘Today’: Sheinelle Jones Thanks Katie Couric for Support After Husband’s Death – CBS 19 News

    Sheinelle Jones Expresses Heartfelt Thanks to Katie Couric for Support After Husband’s Passing

    Sate your hunger at DBA’s Taste of Downtown – Bakersfield.com

    Indulge Your Cravings at DBA’s Taste of Downtown!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Why I gave the world wide web away for free | Tim Berners-Lee – The Guardian

    Why I Decided to Make the World Wide Web Free for Everyone | Tim Berners-Lee

    From shale to steam: Fossil fuel technology boosts clean geothermal energy – Washington Examiner

    From Shale to Steam: How Fossil Fuel Technology is Powering a Clean Geothermal Energy Revolution

    How Sustainable Technology is Shaping a Greener Future – Technology Magazine

    How Sustainable Technology is Driving the Revolution Toward a Greener Future

    Aurora police hope to add facial recognition technology to crime-fighting tools – CBS News

    Aurora Police Aim to Boost Crime-Fighting with New Facial Recognition Technology

    Autonomous Solutions shows off cutting-edge technology for the public – Cache Valley Daily

    Autonomous Solutions Unveils Cutting-Edge Technology for the Public

    Amazon to Pay $2.5 Billion in Prime Membership Settlement – The New York Times

    Amazon to Pay $2.5 Billion in Prime Membership Settlement – The New York Times

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Jussie Smollett Claims He Was ‘Disrespected’ on the ‘Special Forces’ Season Premiere – Yahoo

    Jussie Smollett Opens Up About Feeling ‘Disrespected’ During the ‘Special Forces’ Season Premiere

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    Cardi B Adds More Dates to Little Miss Drama Tour: ‘Y’all Making Me Work’ – Yahoo

    Cardi B Extends Little Miss Drama Tour: “Y’all Making Me Work

    ‘Today’: Sheinelle Jones Thanks Katie Couric for Support After Husband’s Death – CBS 19 News

    Sheinelle Jones Expresses Heartfelt Thanks to Katie Couric for Support After Husband’s Passing

    Sate your hunger at DBA’s Taste of Downtown – Bakersfield.com

    Indulge Your Cravings at DBA’s Taste of Downtown!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Why I gave the world wide web away for free | Tim Berners-Lee – The Guardian

    Why I Decided to Make the World Wide Web Free for Everyone | Tim Berners-Lee

    From shale to steam: Fossil fuel technology boosts clean geothermal energy – Washington Examiner

    From Shale to Steam: How Fossil Fuel Technology is Powering a Clean Geothermal Energy Revolution

    How Sustainable Technology is Shaping a Greener Future – Technology Magazine

    How Sustainable Technology is Driving the Revolution Toward a Greener Future

    Aurora police hope to add facial recognition technology to crime-fighting tools – CBS News

    Aurora Police Aim to Boost Crime-Fighting with New Facial Recognition Technology

    Autonomous Solutions shows off cutting-edge technology for the public – Cache Valley Daily

    Autonomous Solutions Unveils Cutting-Edge Technology for the Public

    Amazon to Pay $2.5 Billion in Prime Membership Settlement – The New York Times

    Amazon to Pay $2.5 Billion in Prime Membership Settlement – The New York Times

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Will Ethereum Bulls Manage to Keep the Price Above $3K? (ETH Price Analysis)

May 7, 2024
in Business
Will Ethereum Bulls Manage to Keep the Price Above $3K? (ETH Price Analysis)
Share on FacebookShare on Twitter

Ethereum’s price has encountered challenges in breaking below the critical $3K support region, with selling pressure being met by sufficient demand, resulting in sideways consolidation. However, a sudden breach of this pivotal juncture could trigger a cascading effect.

By Shayan

The Daily Chart

Upon examining the daily chart, Ethereum’s trajectory has turned bearish following a notable rejection near the $4K mark, fostering a bearish sentiment among market participants.

Nonetheless, the decline found a temporary recess upon reaching a substantial support region, encompassing the crucial $3K mark and the price range between the 0.5 ($3133) and 0.618 ($2906) Fibonacci levels. This support area aligns closely with the critical 100-day moving average, indicating significant demand near this crucial threshold.

Currently, Ethereum is experiencing a sideways consolidation phase, with the price hovering around the significant $3K support region. This suggests possible accumulation underway, potentially paving the way for a robust bullish resurgence in the short term. However, an unexpected breach of this crucial support zone could trigger a cascade effect, with the next target situated at the $2.5K region and the 200-day moving average of $2.6K.

eth_price_chart_0705241Source: TradingView

The 4-Hour Chart

Analysis of the 4-hour chart reveals that Ethereum’s multi-month decline has led to the formation of a descending wedge pattern, with the price finding support from the pattern’s lower boundary on multiple occasions.

Presently, Ethereum is seeing sideways movement near the lower boundary of the wedge pattern, corresponding to the $3K support region, indicating heightened buying pressure in the market.

Despite this, the cryptocurrency seems poised to continue its consolidation within the price range bounded by the $3.4K resistance region and the $3K support. Given recent price action and prevailing market sentiment, there is an expectation for the price to successfully break above this decisive range, potentially culminating in a renewed bullish trend toward the $3.6K threshold.

eth_price_chart_0705242Source: TradingView

By Shayan

Amidst Ethereum’s multi-month downtrend, initiated by its rejection near the $4K mark, investors are closely monitoring the behavior of traders in the futures market. The provided chart displays the liquidation heatmap for the Binance ETH/USDT pair, highlighting price levels with significant liquidity capable of impacting the price trend.

It’s apparent that the sudden drop below the critical $3K level resulted in the liquidation of a substantial number of long positions, triggering a cascade of sell-stop orders. However, since then, the price has been hovering around the crucial and psychological $3K support region, potentially signaling an accumulation stage in the market.

Considering the potential demand near this pivotal threshold, it’s anticipated that the price will initiate a fresh, bullish move once the accumulation stage concludes. Traders should monitor price action around the $3K level, as a sudden breach below this crucial mark could potentially trigger a cascade effect towards the $2.5K threshold.

eth_liquidation_chart_0705241Source: Coinglass

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER 2024 for CryptoPotato readers at Bybit: Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CryptoPotato – https://cryptopotato.com/will-ethereum-bulls-manage-to-keep-the-price-above-3k-eth-price-analysis/

Tags: businessEthereumPrice
Previous Post

Key Shiba Inu (SHIB) Indicator Explodes by Almost 400%: Details

Next Post

Grayscale’s GBTC Halts Massive Outflow Streak With $4M Inflows

California has the longest light-rail line in the world. It doesn’t quite work – sfchronicle.com

California Boasts the World’s Longest Light-Rail Line – But It Still Faces Major Challenges

September 29, 2025
Tourism to Shenandoah National Park contributes $175 million to local economy – InsideNoVa.com

Tourism to Shenandoah National Park Injects $175 Million into Local Economy

September 29, 2025
Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

September 29, 2025
Governor calls on Congress to extend tax credits to protect affordable health care coverage – NKyTribune

Governor Calls on Congress to Extend Tax Credits and Protect Affordable Health Care Coverage

September 29, 2025
CNN anchor questions Speaker Johnson about potential government shutdown – CNN

CNN Anchor Challenges Speaker Johnson on Looming Government Shutdown

September 29, 2025
Neighborhood Ecology Corps – RaleighNC.gov

Uncover How the Neighborhood Ecology Corps is Transforming Raleigh

September 28, 2025
A chemistry teacher’s approach to chocolate making: Meet Maram the STEM chocolatier – The Advocate

A chemistry teacher’s approach to chocolate making: Meet Maram the STEM chocolatier – The Advocate

September 28, 2025
The right stuff: New cohort of astronauts recruited by NASA – Digital Journal

The right stuff: New cohort of astronauts recruited by NASA – Digital Journal

September 28, 2025
‘Fallapalooza’ encourages active lifestyle for senior safety – WVIR

Fallapalooza Ignites Senior Spirit for Active and Safe Living

September 28, 2025
Why I gave the world wide web away for free | Tim Berners-Lee – The Guardian

Why I Decided to Make the World Wide Web Free for Everyone | Tim Berners-Lee

September 28, 2025

Categories

Archives

September 2025
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930  
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (842)
  • Economy (863)
  • Entertainment (21,737)
  • General (17,303)
  • Health (9,906)
  • Lifestyle (875)
  • News (22,149)
  • People (864)
  • Politics (873)
  • Science (16,072)
  • Sports (21,362)
  • Technology (15,845)
  • World (845)

Recent News

California has the longest light-rail line in the world. It doesn’t quite work – sfchronicle.com

California Boasts the World’s Longest Light-Rail Line – But It Still Faces Major Challenges

September 29, 2025
Tourism to Shenandoah National Park contributes $175 million to local economy – InsideNoVa.com

Tourism to Shenandoah National Park Injects $175 Million into Local Economy

September 29, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version