Ethereum Updates Today: Key Support Zones for Ethereum: The Battleground Between Bulls and Bears
- Ethereum drops 3.43% to $3,325.72, its largest decline since Nov. 4, now 32.88% below its all-time high. - Key support at $3,550 under pressure as technical indicators show bearish momentum with RSI below 50 and MACD negative. - Analysts warn a breakdown below $3,550 could trigger further declines to $3,300, while a rebound above $3,650 might signal short-term stability. - Market sentiment remains divided, with some viewing the correction as healthy but macro risks like Fed policy and Bitcoin weakness pe
Ethereum's value remains under pressure as bearish
Technical experts point to major support zones as the main area of contention. The $3,550 level, which has historically sparked recoveries, is now being tested after Ethereum slipped below $3,800 and its 100-hour simple moving average (SMA),
Technical signals continue to support the bearish outlook. The MACD for ETH/USD remains negative, and the RSI has slipped below 50, indicating persistent selling activity,
Opinions among investors are divided regarding the long-term direction. While short-term pessimism prevails, some analysts believe the current pullback is a healthy pause after recent gains, with Ethereum's core strengths in DeFi and Layer 2 solutions remaining solid, The Currency Analytics observes. Nonetheless, ongoing macroeconomic challenges, such as U.S. Federal Reserve decisions and budget talks, continue to dampen risk appetite.
For now, traders should monitor crucial levels: immediate resistance at $3,650 and $3,740, and key support at $3,550 and $3,500. A decisive move above $3,920 could restore bullish sentiment, but until then, caution is advised amid ongoing market volatility.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Revival of Community Journalism as a Barrier Against Misinformation: A Tactical Opportunity for Investors Focused on Impact
- Local journalism's collapse has left 70M+ Americans vulnerable to disinformation, as AI-driven falsehoods and partisan content thrive in fragmented digital ecosystems. - Startups like Community News Lab (digital kiosks) and Factchequeado (AI fact-checking) are rebuilding trust through hyper-local reporting and marginalized community outreach. - Impact investors gain unique opportunities by funding scalable models like Plucky Works' SaaS tools and collaborative journalism networks, which combine tech inno
XRP News Today: Bitcoin Faces Key Level—Will It Trigger a Bear Market or Spark a 2025 Bull Run Revival?
- Bitcoin dips below $108,000, breaking key Fibonacci levels with RSI at 41 and MACD contraction signaling bearish momentum. - Ethereum consolidates near $3,300 after retreating from 100-day EMA, with $3,171 support critical for short-term recovery. - XRP surges 12% post-$500M funding and Mastercard partnership, but faces volatility risks above $2.16 support. - Analysts debate bear market entry vs. 2025 bull cycle reset, citing macro factors like U.S. rates and potential Trump-era policies.
Zcash Latest Updates: ZEC's Soaring Surge Causes 250% Downturn for Hyperliquid's Leading Short Position
- Hyperliquid's largest ZEC short (0xd47) faces $14.5M unrealized loss as ZEC surges past $580, marking 250% losses on a $29.26M bet. - ZEC's 48.74% weekly gain boosts market cap to $8.6B, surpassing Sui/Hedera, driven by institutional interest and Solana integration potential. - Hyperliquid's $780M HYPE buyback generated 65% returns, but HYPE price fell 4.33% amid crypto volatility, contrasting ZEC's bullish momentum. - ZEC futures open interest hits $773.84M all-time high, with 0x96ea whale's $16. 3M lon
SUI News Today: Sui's Mysticeti v2 Integrates Validation Within Consensus for Enhanced Efficiency
- Sui Network's Mysticeti v2 merges transaction validation into consensus, reducing latency by 35% and improving efficiency. - The update introduces a Transaction Driver that streamlines submission, cuts bandwidth usage, and enables faster confirmations via optimized validation. - Asia's nodes saw latency drop from 1.00s to 0.65s, while Europe improved by 25%, validating the protocol's performance gains. - Future updates aim to reduce message rounds and enable direct block streaming, reinforcing Sui's fast
Trending news
MoreCrypto prices
More
