\n

According to the RSI value of 30.61, Ethereum enters a solid bearish trend condition. However, the price is already in the oversold zone so there is a possibility of a potential pullback near the immediate resistance at $3,296.<\/p>\n\n\n\n

ETH\/USD is now testing the crucial support at $3,024 which appears as a deciding level for the upcoming weekly movement. The bearish momentum will slow down if this level is bounced off. If it declines, though, ETH might look for support at the $2,700 price mark.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Enters Downtrend As The Price Sinks Below $60K, ETH Tests Critical Support At $3,024 Following A Bearish Triangle Breakout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-enters-downtrend-as-the-price-sinks-below-60k-eth-tests-critical-support-at-3024-following-a-bearish-triangle-breakout","to_ping":"","pinged":"","post_modified":"2024-07-08 19:40:12","post_modified_gmt":"2024-07-08 09:40:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17731","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 2 3 4 6

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\n

With ETH being below the crucial $3,296 support level, the market is suddenly more pessimistic. With this action, ETH has completely counterbalanced the inefficiencies in the market caused by its price surge in response to the SEC's reversal of spot ETH ETFs.<\/p>\n\n\n\n

According to the RSI value of 30.61, Ethereum enters a solid bearish trend condition. However, the price is already in the oversold zone so there is a possibility of a potential pullback near the immediate resistance at $3,296.<\/p>\n\n\n\n

ETH\/USD is now testing the crucial support at $3,024 which appears as a deciding level for the upcoming weekly movement. The bearish momentum will slow down if this level is bounced off. If it declines, though, ETH might look for support at the $2,700 price mark.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Enters Downtrend As The Price Sinks Below $60K, ETH Tests Critical Support At $3,024 Following A Bearish Triangle Breakout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-enters-downtrend-as-the-price-sinks-below-60k-eth-tests-critical-support-at-3024-following-a-bearish-triangle-breakout","to_ping":"","pinged":"","post_modified":"2024-07-08 19:40:12","post_modified_gmt":"2024-07-08 09:40:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17731","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"};

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Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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ADVERTISEMENT
\n
\"ETH\/USD
ETH\/USD<\/a> might move on to a deeper correction near $2,700 as the price struggles to sustain above the $3K support. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

With ETH being below the crucial $3,296 support level, the market is suddenly more pessimistic. With this action, ETH has completely counterbalanced the inefficiencies in the market caused by its price surge in response to the SEC's reversal of spot ETH ETFs.<\/p>\n\n\n\n

According to the RSI value of 30.61, Ethereum enters a solid bearish trend condition. However, the price is already in the oversold zone so there is a possibility of a potential pullback near the immediate resistance at $3,296.<\/p>\n\n\n\n

ETH\/USD is now testing the crucial support at $3,024 which appears as a deciding level for the upcoming weekly movement. The bearish momentum will slow down if this level is bounced off. If it declines, though, ETH might look for support at the $2,700 price mark.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Enters Downtrend As The Price Sinks Below $60K, ETH Tests Critical Support At $3,024 Following A Bearish Triangle Breakout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-enters-downtrend-as-the-price-sinks-below-60k-eth-tests-critical-support-at-3024-following-a-bearish-triangle-breakout","to_ping":"","pinged":"","post_modified":"2024-07-08 19:40:12","post_modified_gmt":"2024-07-08 09:40:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17731","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"};

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
ETH\/USD<\/a> might move on to a deeper correction near $2,700 as the price struggles to sustain above the $3K support. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

With ETH being below the crucial $3,296 support level, the market is suddenly more pessimistic. With this action, ETH has completely counterbalanced the inefficiencies in the market caused by its price surge in response to the SEC's reversal of spot ETH ETFs.<\/p>\n\n\n\n

According to the RSI value of 30.61, Ethereum enters a solid bearish trend condition. However, the price is already in the oversold zone so there is a possibility of a potential pullback near the immediate resistance at $3,296.<\/p>\n\n\n\n

ETH\/USD is now testing the crucial support at $3,024 which appears as a deciding level for the upcoming weekly movement. The bearish momentum will slow down if this level is bounced off. If it declines, though, ETH might look for support at the $2,700 price mark.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Enters Downtrend As The Price Sinks Below $60K, ETH Tests Critical Support At $3,024 Following A Bearish Triangle Breakout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-enters-downtrend-as-the-price-sinks-below-60k-eth-tests-critical-support-at-3024-following-a-bearish-triangle-breakout","to_ping":"","pinged":"","post_modified":"2024-07-08 19:40:12","post_modified_gmt":"2024-07-08 09:40:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17731","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"};

Most Read

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By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n
  • The current bearish sentiment will remain valid until the price manages to exceed the critical resistance at $3,506.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
    \"ETH\/USD
    ETH\/USD<\/a> might move on to a deeper correction near $2,700 as the price struggles to sustain above the $3K support. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    With ETH being below the crucial $3,296 support level, the market is suddenly more pessimistic. With this action, ETH has completely counterbalanced the inefficiencies in the market caused by its price surge in response to the SEC's reversal of spot ETH ETFs.<\/p>\n\n\n\n

    According to the RSI value of 30.61, Ethereum enters a solid bearish trend condition. However, the price is already in the oversold zone so there is a possibility of a potential pullback near the immediate resistance at $3,296.<\/p>\n\n\n\n

    ETH\/USD is now testing the crucial support at $3,024 which appears as a deciding level for the upcoming weekly movement. The bearish momentum will slow down if this level is bounced off. If it declines, though, ETH might look for support at the $2,700 price mark.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Enters Downtrend As The Price Sinks Below $60K, ETH Tests Critical Support At $3,024 Following A Bearish Triangle Breakout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-enters-downtrend-as-the-price-sinks-below-60k-eth-tests-critical-support-at-3024-following-a-bearish-triangle-breakout","to_ping":"","pinged":"","post_modified":"2024-07-08 19:40:12","post_modified_gmt":"2024-07-08 09:40:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17731","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"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • The price might retest the immediate resistance at $3,296 and rejoin the bearish rally targeting $2,700.<\/li>\n\n\n\n
  • The current bearish sentiment will remain valid until the price manages to exceed the critical resistance at $3,506.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
    \"ETH\/USD
    ETH\/USD<\/a> might move on to a deeper correction near $2,700 as the price struggles to sustain above the $3K support. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    With ETH being below the crucial $3,296 support level, the market is suddenly more pessimistic. With this action, ETH has completely counterbalanced the inefficiencies in the market caused by its price surge in response to the SEC's reversal of spot ETH ETFs.<\/p>\n\n\n\n

    According to the RSI value of 30.61, Ethereum enters a solid bearish trend condition. However, the price is already in the oversold zone so there is a possibility of a potential pullback near the immediate resistance at $3,296.<\/p>\n\n\n\n

    ETH\/USD is now testing the crucial support at $3,024 which appears as a deciding level for the upcoming weekly movement. The bearish momentum will slow down if this level is bounced off. If it declines, though, ETH might look for support at the $2,700 price mark.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Enters Downtrend As The Price Sinks Below $60K, ETH Tests Critical Support At $3,024 Following A Bearish Triangle Breakout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-enters-downtrend-as-the-price-sinks-below-60k-eth-tests-critical-support-at-3024-following-a-bearish-triangle-breakout","to_ping":"","pinged":"","post_modified":"2024-07-08 19:40:12","post_modified_gmt":"2024-07-08 09:40:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17731","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"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • Ethereum plotted a bearish breakout of a Symmetrical triangle on the daily price chart.<\/li>\n\n\n\n
  • The price might retest the immediate resistance at $3,296 and rejoin the bearish rally targeting $2,700.<\/li>\n\n\n\n
  • The current bearish sentiment will remain valid until the price manages to exceed the critical resistance at $3,506.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
    \"ETH\/USD
    ETH\/USD<\/a> might move on to a deeper correction near $2,700 as the price struggles to sustain above the $3K support. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    With ETH being below the crucial $3,296 support level, the market is suddenly more pessimistic. With this action, ETH has completely counterbalanced the inefficiencies in the market caused by its price surge in response to the SEC's reversal of spot ETH ETFs.<\/p>\n\n\n\n

    According to the RSI value of 30.61, Ethereum enters a solid bearish trend condition. However, the price is already in the oversold zone so there is a possibility of a potential pullback near the immediate resistance at $3,296.<\/p>\n\n\n\n

    ETH\/USD is now testing the crucial support at $3,024 which appears as a deciding level for the upcoming weekly movement. The bearish momentum will slow down if this level is bounced off. If it declines, though, ETH might look for support at the $2,700 price mark.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Enters Downtrend As The Price Sinks Below $60K, ETH Tests Critical Support At $3,024 Following A Bearish Triangle Breakout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-enters-downtrend-as-the-price-sinks-below-60k-eth-tests-critical-support-at-3024-following-a-bearish-triangle-breakout","to_ping":"","pinged":"","post_modified":"2024-07-08 19:40:12","post_modified_gmt":"2024-07-08 09:40:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17731","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"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n