Ethereum

ETH Facing Huge Support Zone, Is More Blood Incoming? (Ethereum Price Analyse)

Just like traditional markets, crypto markets also reacted negatively to Powell’s speech yesterday. Market sentiment has turned bearish following the Federal Reserve’s announcement of a continuation of its hawkish policy. Yesterday’s selloff caused Ethereum to lose more than 12% in under 24 hours. Is more pain incoming?

Technical Analysis

By: Grizzly

The Daily Chart

Yesterday, the price of Ethereum dropped sharply against Bitcoin and the US dollar. The short uptrend that started on August 21 resulted in a sharp rejection once touching the $2K mark.

ETH then quickly lost the important support range of $1,700-$1,800, and as of writing these lines – trading below $1500.

The price fell sharply after it broke below the marked bear flags (as shown on the chart). Simultaneously, the price broke below the 100-day moving average line (in white). Currently, the average value of the 100-day chart is $1,531. The daily candle is being closed by bears.

With a lower low formation, the possibility of reaching the support zone at $1,280-$1,350 (in green) will become likely. Hope will return to the market only if the bulls can reclaim the $1,700 – 1,800 range.

Key Support Levels: $1500 & $1350

Key Resistance Levels: $1800 & $2000

Daily Moving Averages:

MA20: $1750

MA50: $1592

MA100: $1531

MA200: $2184

The ETH/BTC Chart

Against Bitcoin, the price rebounded from the horizontal support range of 0.072-0. 073 BTC (marked in green) and failed to form a higher high (marked in yellow). This is a warning sign that could lead to a bearish structure. This option is only valid if ETH falls below the green line.

The 50-day moving average (in white) is also nearby and likely to get retested. At 0. 065 BTC. If the price rises above the 0.01 mark, which seems unlikely, BTC will be a bullish option. 08 BTC, a bullish scenario of ETH/BTC becomes likely.

Key Support Levels: 0.0. 073 & 0. 065 BTC

Key Resistance levels: 0. 083 & 0. 088 BTC

Sentiment Analysis

Taker Buy Sell Ratio (SMA 14)

Definition: The ratio of buy volume divided by the sell volume of takers in perpetual swap trades.

Values greater than 1 indicate bullish sentiment. If the value is below 1, it indicates that bearish sentiment prevails.

Since August’s beginning, this index, which measures sentiments within the derivatives market has been below one. This indicates that more takers are filling sell orders. Although it has been slightly higher in recent years, it is not significant.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. This information does not reflect the views of CryptoPotato about whether to invest in, sell or hold investments. Before making any investment decision, you are strongly advised to do your own research. You are responsible for any use of the information. For more information, please refer to Disclaimer.

Cryptocurrency charts by TradingView.

Ethereum

Ethereum Traders Just Flipped Bullish, But History Says This Is a Major Red Flag

Ethereum’s bounce toward $3,500 triggered instant FOMO, but Santiment says extreme optimism usually means price is about to disappoint.

Ethereum traders have swung sharply from extreme bearishness to extreme bullishness within just a few days, based on social media sentiment.

But fresh data suggest that when ETH nearly rebounded to $3,500 on Thursday, the crowd interpreted the move as a confirmation that the asset was “back in business.”

ETH Trader FOMO

Santiment warned that this sudden pivot is similar to the same pattern seen earlier in the week, when retail panic selling actually contributed to the rebound. Now, the rapid return of FOMO could similarly stall further upside.

According to the analytics platform, prices have shown a tendency to move in the opposite direction of the crowd, and that more neutral sentiment phases have proven to be stronger buy signal environments than euphoric ones.

Crypto trader Ted Pillows also noted that even though the altcoin is showing some rebound after this week’s sharp decline, the recovery lacks conviction. According to Pillows, the current move higher, though modest, is being driven largely by short positions being closed rather than new spot buyers stepping in. He added that Ethereum needs to reclaim the $3,600-$3,700 price range with meaningful inflows to establish strength and dismiss the risk of further downside. Without that confirmation, Pillows believes the odds still favor lower prices from here.

Despite the near-term uncertainty, some traders say the bigger picture is still pointing toward a substantial upside scenario. For instance, crypto trader “Trader Tradigrade” said that ETH’s monthly chart is currently developing what he describes as a massive Inverse Head and Shoulders pattern, with a potential price target of $14,000 once confirmed.

“Wet Blanket” Phase

As the crypto market remains sluggish, Galaxy CEO Mike Novogratz believes that this could be due to long-term holders rebalancing their net worths and diversifying away from massive concentrated holdings after a very long bull market. Novogratz deems this to be a healthy sign in the medium and long term as these positions get distributed. In the short run, however, he said that “it’s a proverbial wet blanket” and has weighed on prices.

About the author

Chayanika has been working as a financial journalist for six years. A graduate in Political Science and Journalism, her interest lies in regulatory implications with a focus on technological evolution in the crypto realm.

Ethereum

Ethereum Price Analysis: Will $3K Hold as ETH’s Bearish Momentum Intensifies?

Ethereum has slipped below the $3,300 mark, indicating persistent selling pressure in this zone. While bears aren’t showing strong momentum just yet, the fact that the price declined following a major liquidation event, one that already cleared out many over-leveraged longs, raises the risk of further downside. This hints that spot sellers could now be in control, opening the door for a deeper short-term correction.

Technical Analysis

By Shayan

The Daily Chart

On the daily chart, ETH dropped below the channel and has fallen slightly beneath the 200-day moving average. It is currently breaking below the $3,300 demand zone too. This is a key level Ethereum is now losing, as the 200-day moving average is known as one of the most critical indicators for determining whether the overall market phase is bullish or bearish.

The RSI also remains weak at 32, showing the market is not bound for recovery yet. For buyers to regain control, ETH needs to break back above $3,500 and flip that region and the 200-day moving average into support. Until then, the price is sitting in a vulnerable zone, which could push the price lower toward the $3,000 support level in the coming days.

The 4-Hour Chart

The 4-hour chart shows a quick rejection from the lower boundary of the broken channel and the previous support zone, around $3,400. The price is currently hovering around the level and has yet to form a convincing rebound or create a higher low.

The RSI is also stabilizing below the 50% level, as the momentum is clearly bearish. With ETH breaking the $3,300 to the downside once more, the next sweep toward the $3,000 zone and lower could come fast.

Sentiment Analysis

Long Liquidations

Sentiment-wise, liquidations wiped out a large portion of late long entries, creating a cleaner slate for the price to stabilize. The chart shows a major liquidation spike right before the small bounce, confirming the shakeout.

With many positions flushed and the RSI nearing oversold regions across multiple timeframes, the market might soon be due for a reset. Yet, traders are likely to stay cautious, waiting for clearer strength and a break back above $3,500 before reloading on longs.

On the other hand, a drop toward the $3,000 level could ignite another liquidation cascade and lead to an even more significant liquidation event, which could result in another flash crash in the upcoming weeks.

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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.

Ethereum

Argentine Exchange Ripio Launches Digital Peso as Part of Latam’s Stablecoin Rollout

Ripio stated that the Argentine peso stablecoin, wARS, would be available on Ethereum, World Chain, and Base, as a key element to expand the exchange’s infrastructure in Latam. It stated that additional local stablecoins would be launched to support several use cases using blockchain tech. Ripio Debuts Digital Peso in Argentina…
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