\n

If the market eventually reflects the optimistic expectations stoked by the halving, ETH may surpass the current resistance zone of $3.5K - $3.6K. If not, though, there's a chance that the sideways trend will continue and ETH might reach $3,405.<\/p>\n\n\n\n

Once bears win out and ETH breaches the recent major support levels of $3,210 and $3,056, a negative trend is expected to emerge. A break below this support zone might lead the price to retest $2,700.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Price Bouncing Back From $64K Indicates Pure Consolidation, And The ETH Struggles To Survive Above $3K Suggesting An Upcoming Downtrend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-price-bouncing-back-from-64k-indicates-pure-consolidation-and-the-eth-struggles-to-survive-above-3k-suggesting-an-upcoming-downtrend","to_ping":"","pinged":"","post_modified":"2024-04-15 00:07:33","post_modified_gmt":"2024-04-14 14:07:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 16 17 18 19 20 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

As was previously anticipated, the ongoing horizontal price movement indicates that traders are being cautious in the wake of growing skepticism regarding the SEC's approval of a spot Ethereum ETF. Up to significant occurrences like the Bitcoin halving, the sideways trend is probably going to persist.<\/p>\n\n\n\n

If the market eventually reflects the optimistic expectations stoked by the halving, ETH may surpass the current resistance zone of $3.5K - $3.6K. If not, though, there's a chance that the sideways trend will continue and ETH might reach $3,405.<\/p>\n\n\n\n

Once bears win out and ETH breaches the recent major support levels of $3,210 and $3,056, a negative trend is expected to emerge. A break below this support zone might lead the price to retest $2,700.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Price Bouncing Back From $64K Indicates Pure Consolidation, And The ETH Struggles To Survive Above $3K Suggesting An Upcoming Downtrend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-price-bouncing-back-from-64k-indicates-pure-consolidation-and-the-eth-struggles-to-survive-above-3k-suggesting-an-upcoming-downtrend","to_ping":"","pinged":"","post_modified":"2024-04-15 00:07:33","post_modified_gmt":"2024-04-14 14:07:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 16 17 18 19 20 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Ethereum's price dropped marginally to $3,448 on Friday, causing long traders to witness large liquidations once again. In the last 24 hours, ETH liquidations totaled $26.9 million, of which $21 million came from liquidated long positions.<\/p>\n\n\n\n

As was previously anticipated, the ongoing horizontal price movement indicates that traders are being cautious in the wake of growing skepticism regarding the SEC's approval of a spot Ethereum ETF. Up to significant occurrences like the Bitcoin halving, the sideways trend is probably going to persist.<\/p>\n\n\n\n

If the market eventually reflects the optimistic expectations stoked by the halving, ETH may surpass the current resistance zone of $3.5K - $3.6K. If not, though, there's a chance that the sideways trend will continue and ETH might reach $3,405.<\/p>\n\n\n\n

Once bears win out and ETH breaches the recent major support levels of $3,210 and $3,056, a negative trend is expected to emerge. A break below this support zone might lead the price to retest $2,700.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Price Bouncing Back From $64K Indicates Pure Consolidation, And The ETH Struggles To Survive Above $3K Suggesting An Upcoming Downtrend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-price-bouncing-back-from-64k-indicates-pure-consolidation-and-the-eth-struggles-to-survive-above-3k-suggesting-an-upcoming-downtrend","to_ping":"","pinged":"","post_modified":"2024-04-15 00:07:33","post_modified_gmt":"2024-04-14 14:07:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 16 17 18 19 20 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

The general stagnation in the cryptocurrency market on Friday caused a modest decline in the Ethereum price. Although there hasn't been much movement in the price of ETH over the last week, its long-term prospects could be intriguing because Ethereum developers have authorized the inclusion of EIP-3074 in the impending Pectra hard fork.<\/p>\n\n\n\n

Ethereum's price dropped marginally to $3,448 on Friday, causing long traders to witness large liquidations once again. In the last 24 hours, ETH liquidations totaled $26.9 million, of which $21 million came from liquidated long positions.<\/p>\n\n\n\n

As was previously anticipated, the ongoing horizontal price movement indicates that traders are being cautious in the wake of growing skepticism regarding the SEC's approval of a spot Ethereum ETF. Up to significant occurrences like the Bitcoin halving, the sideways trend is probably going to persist.<\/p>\n\n\n\n

If the market eventually reflects the optimistic expectations stoked by the halving, ETH may surpass the current resistance zone of $3.5K - $3.6K. If not, though, there's a chance that the sideways trend will continue and ETH might reach $3,405.<\/p>\n\n\n\n

Once bears win out and ETH breaches the recent major support levels of $3,210 and $3,056, a negative trend is expected to emerge. A break below this support zone might lead the price to retest $2,700.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Price Bouncing Back From $64K Indicates Pure Consolidation, And The ETH Struggles To Survive Above $3K Suggesting An Upcoming Downtrend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-price-bouncing-back-from-64k-indicates-pure-consolidation-and-the-eth-struggles-to-survive-above-3k-suggesting-an-upcoming-downtrend","to_ping":"","pinged":"","post_modified":"2024-04-15 00:07:33","post_modified_gmt":"2024-04-14 14:07:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 16 17 18 19 20 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"\"
ETH\/USD<\/a> might retest the support at $2,700 if the price fails to exceed the resistance at $3.5K. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

The general stagnation in the cryptocurrency market on Friday caused a modest decline in the Ethereum price. Although there hasn't been much movement in the price of ETH over the last week, its long-term prospects could be intriguing because Ethereum developers have authorized the inclusion of EIP-3074 in the impending Pectra hard fork.<\/p>\n\n\n\n

Ethereum's price dropped marginally to $3,448 on Friday, causing long traders to witness large liquidations once again. In the last 24 hours, ETH liquidations totaled $26.9 million, of which $21 million came from liquidated long positions.<\/p>\n\n\n\n

As was previously anticipated, the ongoing horizontal price movement indicates that traders are being cautious in the wake of growing skepticism regarding the SEC's approval of a spot Ethereum ETF. Up to significant occurrences like the Bitcoin halving, the sideways trend is probably going to persist.<\/p>\n\n\n\n

If the market eventually reflects the optimistic expectations stoked by the halving, ETH may surpass the current resistance zone of $3.5K - $3.6K. If not, though, there's a chance that the sideways trend will continue and ETH might reach $3,405.<\/p>\n\n\n\n

Once bears win out and ETH breaches the recent major support levels of $3,210 and $3,056, a negative trend is expected to emerge. A break below this support zone might lead the price to retest $2,700.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Price Bouncing Back From $64K Indicates Pure Consolidation, And The ETH Struggles To Survive Above $3K Suggesting An Upcoming Downtrend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-price-bouncing-back-from-64k-indicates-pure-consolidation-and-the-eth-struggles-to-survive-above-3k-suggesting-an-upcoming-downtrend","to_ping":"","pinged":"","post_modified":"2024-04-15 00:07:33","post_modified_gmt":"2024-04-14 14:07:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 16 17 18 19 20 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

<\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
\"\"
ETH\/USD<\/a> might retest the support at $2,700 if the price fails to exceed the resistance at $3.5K. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

The general stagnation in the cryptocurrency market on Friday caused a modest decline in the Ethereum price. Although there hasn't been much movement in the price of ETH over the last week, its long-term prospects could be intriguing because Ethereum developers have authorized the inclusion of EIP-3074 in the impending Pectra hard fork.<\/p>\n\n\n\n

Ethereum's price dropped marginally to $3,448 on Friday, causing long traders to witness large liquidations once again. In the last 24 hours, ETH liquidations totaled $26.9 million, of which $21 million came from liquidated long positions.<\/p>\n\n\n\n

As was previously anticipated, the ongoing horizontal price movement indicates that traders are being cautious in the wake of growing skepticism regarding the SEC's approval of a spot Ethereum ETF. Up to significant occurrences like the Bitcoin halving, the sideways trend is probably going to persist.<\/p>\n\n\n\n

If the market eventually reflects the optimistic expectations stoked by the halving, ETH may surpass the current resistance zone of $3.5K - $3.6K. If not, though, there's a chance that the sideways trend will continue and ETH might reach $3,405.<\/p>\n\n\n\n

Once bears win out and ETH breaches the recent major support levels of $3,210 and $3,056, a negative trend is expected to emerge. A break below this support zone might lead the price to retest $2,700.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Price Bouncing Back From $64K Indicates Pure Consolidation, And The ETH Struggles To Survive Above $3K Suggesting An Upcoming Downtrend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-price-bouncing-back-from-64k-indicates-pure-consolidation-and-the-eth-struggles-to-survive-above-3k-suggesting-an-upcoming-downtrend","to_ping":"","pinged":"","post_modified":"2024-04-15 00:07:33","post_modified_gmt":"2024-04-14 14:07:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 16 17 18 19 20 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
  • A bearish breakout of the current support might push the price back to the long-term support near $2,700.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
    \"\"
    ETH\/USD<\/a> might retest the support at $2,700 if the price fails to exceed the resistance at $3.5K. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    The general stagnation in the cryptocurrency market on Friday caused a modest decline in the Ethereum price. Although there hasn't been much movement in the price of ETH over the last week, its long-term prospects could be intriguing because Ethereum developers have authorized the inclusion of EIP-3074 in the impending Pectra hard fork.<\/p>\n\n\n\n

    Ethereum's price dropped marginally to $3,448 on Friday, causing long traders to witness large liquidations once again. In the last 24 hours, ETH liquidations totaled $26.9 million, of which $21 million came from liquidated long positions.<\/p>\n\n\n\n

    As was previously anticipated, the ongoing horizontal price movement indicates that traders are being cautious in the wake of growing skepticism regarding the SEC's approval of a spot Ethereum ETF. Up to significant occurrences like the Bitcoin halving, the sideways trend is probably going to persist.<\/p>\n\n\n\n

    If the market eventually reflects the optimistic expectations stoked by the halving, ETH may surpass the current resistance zone of $3.5K - $3.6K. If not, though, there's a chance that the sideways trend will continue and ETH might reach $3,405.<\/p>\n\n\n\n

    Once bears win out and ETH breaches the recent major support levels of $3,210 and $3,056, a negative trend is expected to emerge. A break below this support zone might lead the price to retest $2,700.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Price Bouncing Back From $64K Indicates Pure Consolidation, And The ETH Struggles To Survive Above $3K Suggesting An Upcoming Downtrend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-price-bouncing-back-from-64k-indicates-pure-consolidation-and-the-eth-struggles-to-survive-above-3k-suggesting-an-upcoming-downtrend","to_ping":"","pinged":"","post_modified":"2024-04-15 00:07:33","post_modified_gmt":"2024-04-14 14:07:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 16 17 18 19 20 85

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    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • Investors fear a further correction after ETH\/USD created a lower low of around $3K.<\/li>\n\n\n\n
  • A bearish breakout of the current support might push the price back to the long-term support near $2,700.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
    \"\"
    ETH\/USD<\/a> might retest the support at $2,700 if the price fails to exceed the resistance at $3.5K. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    The general stagnation in the cryptocurrency market on Friday caused a modest decline in the Ethereum price. Although there hasn't been much movement in the price of ETH over the last week, its long-term prospects could be intriguing because Ethereum developers have authorized the inclusion of EIP-3074 in the impending Pectra hard fork.<\/p>\n\n\n\n

    Ethereum's price dropped marginally to $3,448 on Friday, causing long traders to witness large liquidations once again. In the last 24 hours, ETH liquidations totaled $26.9 million, of which $21 million came from liquidated long positions.<\/p>\n\n\n\n

    As was previously anticipated, the ongoing horizontal price movement indicates that traders are being cautious in the wake of growing skepticism regarding the SEC's approval of a spot Ethereum ETF. Up to significant occurrences like the Bitcoin halving, the sideways trend is probably going to persist.<\/p>\n\n\n\n

    If the market eventually reflects the optimistic expectations stoked by the halving, ETH may surpass the current resistance zone of $3.5K - $3.6K. If not, though, there's a chance that the sideways trend will continue and ETH might reach $3,405.<\/p>\n\n\n\n

    Once bears win out and ETH breaches the recent major support levels of $3,210 and $3,056, a negative trend is expected to emerge. A break below this support zone might lead the price to retest $2,700.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Price Bouncing Back From $64K Indicates Pure Consolidation, And The ETH Struggles To Survive Above $3K Suggesting An Upcoming Downtrend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-price-bouncing-back-from-64k-indicates-pure-consolidation-and-the-eth-struggles-to-survive-above-3k-suggesting-an-upcoming-downtrend","to_ping":"","pinged":"","post_modified":"2024-04-15 00:07:33","post_modified_gmt":"2024-04-14 14:07:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 16 17 18 19 20 85

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    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • Ethereum initiated a downtrend momentum since the price got rejected from the $4K level.<\/li>\n\n\n\n
  • Investors fear a further correction after ETH\/USD created a lower low of around $3K.<\/li>\n\n\n\n
  • A bearish breakout of the current support might push the price back to the long-term support near $2,700.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
    \"\"
    ETH\/USD<\/a> might retest the support at $2,700 if the price fails to exceed the resistance at $3.5K. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    The general stagnation in the cryptocurrency market on Friday caused a modest decline in the Ethereum price. Although there hasn't been much movement in the price of ETH over the last week, its long-term prospects could be intriguing because Ethereum developers have authorized the inclusion of EIP-3074 in the impending Pectra hard fork.<\/p>\n\n\n\n

    Ethereum's price dropped marginally to $3,448 on Friday, causing long traders to witness large liquidations once again. In the last 24 hours, ETH liquidations totaled $26.9 million, of which $21 million came from liquidated long positions.<\/p>\n\n\n\n

    As was previously anticipated, the ongoing horizontal price movement indicates that traders are being cautious in the wake of growing skepticism regarding the SEC's approval of a spot Ethereum ETF. Up to significant occurrences like the Bitcoin halving, the sideways trend is probably going to persist.<\/p>\n\n\n\n

    If the market eventually reflects the optimistic expectations stoked by the halving, ETH may surpass the current resistance zone of $3.5K - $3.6K. If not, though, there's a chance that the sideways trend will continue and ETH might reach $3,405.<\/p>\n\n\n\n

    Once bears win out and ETH breaches the recent major support levels of $3,210 and $3,056, a negative trend is expected to emerge. A break below this support zone might lead the price to retest $2,700.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Price Bouncing Back From $64K Indicates Pure Consolidation, And The ETH Struggles To Survive Above $3K Suggesting An Upcoming Downtrend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-price-bouncing-back-from-64k-indicates-pure-consolidation-and-the-eth-struggles-to-survive-above-3k-suggesting-an-upcoming-downtrend","to_ping":"","pinged":"","post_modified":"2024-04-15 00:07:33","post_modified_gmt":"2024-04-14 14:07:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16391","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 16 17 18 19 20 85

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n