Este Artículo También is respondable in Español.
Ethereum experienced a sharp drop yesterday while the wider market of cryptocurrencies fell. ETH prices have dropped by more than 9% in just a few hours, shaking the confidence of investors and raising concerns about a deeper potential correction. The sudden slowdown has aroused fear in the American markets, adding to the uncertainty that seized the cryptographic space this Monday morning.
Related reading
The Top Crypto analyst Carl Runefelt shared a technical analysis on X, highlighting the precarious position of Ethereum. According to Runefelt, Ethereum could test the level of support of $ 2,800 if the market is continuing its trajectory down today. This key level could serve as a critical stage for ETH, as it could cause additional declines and increased sales pressure.
The feeling of the market has taken a hit, many investors preparing for increased volatility in the coming days. Analysts closely follow macroeconomic indicators and wider market movements to assess the potential impact on the action of Ethereum prices. While ETH hovers around the pivotal support areas, the following 24 to 48 hours will be crucial to determine if the cryptocurrency can resume momentum or cope with a deeper correction. Investors are invited to walk cautiously while the market sails in this volatile phase.
Ethereum faces intense sales pressure
Ethereum has undergone significant sales pressure since the end of December, reflecting the increased volatility that has entered the wider market of cryptocurrencies. Analysts and investors are increasingly downgraded, with a feeling suggesting that ETH can continue to decrease in the coming days. This difficult phase has raised concerns about the short -term perspectives of assets, leaving many market players to the limit.
Top Crypto Carl Ruefelt’s analyst shared his technical analysis on X, highlighting a level of critical support for Ethereum. Runefelt plans that ETH could reach the level of support of $ 2,800 if the current slowdown in the market persists. This key level could be a solid base for potential recovery or a weak signal if it is broken.
Despite the lowering feeling, some investors and traders see this potential drop as an opportunity. Ethereum remains one of the most important cryptocurrencies, and many think that it is always ready for important gains this cycle. A correction at $ 2,800 could provide an attractive entry point for people confident in the fundamentals and the long -term growth potential of Ethereum.
Related reading
While the market continues to navigate this uncertain period, all eyes are on the action of Ethereum prices. Whether in critical support or succumbs to additional sales pressure will play a crucial role in training your trajectory in the coming weeks.
The price is above the critical support
Ethereum (ETH) is currently negotiated at $ 3,050, now a position just above the 200-day mobile average, which amounts to $ 2,988. The 200-day mobile average is widely considered as a long-term indicator of the resistance, and maintenance above this level could point out a potential reversal of the current tendency.
The market looks closely to see if Ethereum can maintain this critical support, as it could mark the start of a recovery phase. Analysts point out that staying above the 200-day mobile average is essential to create bullish momentum and restore the confidence of short-term investors.
However, support for support is only the first step. To confirm a trend reversal and establish a stronger upward perspective, Ethereum must recover the resistance level of $ 3,300. This would indicate that buyers have regained control, potentially opening the way for upward advantages.
Related reading
On the other hand, the loss of the $ 2,988 level could result in an increase in sales pressure, with the possibility of testing lower support levels. While the market sails in this pivotal moment, the next few days will be crucial to determine if Ethereum can maintain its current levels and make an effort to recover higher grounds. For the moment, traders and investors remain prudently optimistic.
Dall-e star image, tradingview graphic
