Ethereum Präis Analyse: ETH brécht $ 1,300, prett fir weider ze falen?

Ethereum price analysis is bearish today as we have seen further decline overnight and support at $1,300 tested. Since the mark has already been breached, we expect ETH/USD to continue lower overnight and look to test the $1,250 early next week.

The market has traded in the red over the last 24 hours. The leader, Bitcoin, lost 0.61 percent, while Ethereum lost 2.29 percent. Meanwhile, the rest of the market has followed with similar slight selling pressure.

Ethereum price movement in the last 24 hours: Ethereum slowly moved lower

ETH / USD gehandelt an engem Beräich vun $ 1,289.62 bis $ 1,328.11, wat eng mild Volatilitéit iwwer déi lescht 24 Stonnen ugeet. Den Handelsvolumen ass ëm 38.63 Prozent erofgaang, am Ganzen 6.82 Milliarden Dollar, während de Gesamtmaartkapital ëm 158.73 Milliarden Dollar handelt, wat zu enger Maartdominanz vun 17.1 Prozent resultéiert.

ETH / USD 4-Stonne Grafik: ETH zielt $ 1,250 nächst?

Op der 4-Stonn Chart kënne mir gesinn Ethereum Präis action looking to break away from the $1,300 support as selling pressure is yet to diminish.

Ethereum price action has traded sideways for the past days below the $1,350 resistance. After previously, ETH/USD failed to break both higher and lower, the current trading range was set from $1,250 to $1,400.

Overall, this means that either a break above or below the area is needed before a clear trend direction can be set for the rest of the month. Currently, the $1,350 resistance has reversed ETH again, leading to a steady decline over the past few days.

Since Ethereum price has already moved past the $1,300 support, we expect further downside to follow soon. Likely ETH/USD will actively target the $1,250 support early next week, which, if broken, would open up the way for a lot more downside later in October.

Ethereum Präisanalyse: Conclusioun 

Ethereum Präis Analyse is bearish today as we have seen a substantial decline from the $1,350 resistance over the last 24 hours and the $1,300 support actively tested. Therefore, ETH/USD should drop even lower overnight and look to move towards $1,250.

Wärend op Ethereum waart fir weider ze goen, kuckt eis Artikelen iwwer wéi Dir kaaft kaafen Litecoin, Filecoin, an polkadot.