Ethereum Präis Analyse: ETH geet lues ënner $ 1,600 weider, weider Iwwernuechtung verkafen?

Ethereum price analysis is bearish today as we have seen steady lower highs set with steady momentum. Therefore, we expect ETH/USD to continue declining over the next 24 hours and look to test the $1,500 support.

The market has traded with mixed results over the last 24 hours. The leader, Bitcoin, gained just 0.17 percent, while Ethereum lost 0.61 percent. Meanwhile, Dogecoin finally reversed and lost almost 6 percent.

Ethereum price movement in the last 24 hours: Ethereum moved back below $1,600

ETH / USD gehandelt an engem Beräich vun $ 1,544.08 bis $ 1,595.51, wat eng mild Volatilitéit iwwer déi lescht 24 Stonnen ugeet. Den Handelsvolumen ass ëm 17.25 Prozent erofgaang, am Ganzen 13.47 Milliarden Dollar, während de Gesamtmaartkapital ëm 190.78 Milliarden Dollar gehandelt huet, wat zu enger Dominanz vun 18.96 Prozent resultéiert.

ETH / USD 4-Stonne Diagramm: ETH testt $ 1,550

On the 4-hour chart, we can see another slight move lower over the past hours, likely leading to further selling overnight.

Ethereum Präis action has seen a strong swing high set over the past days. After a massive rally from the $1,200 major swing low, ETH/USD managed to gain as much as 40 percent during the second half of October.

From there, steady retrace began, slowly attempting to retrace zréck ënner $ 1,600 previous local resistance turned support. Selling continued yesterday, leading to lower local highs set along the way.

Overall, Ethereum price action should continue even lower over the next days as no signs of a slowdown are seen. ETH/USD will likely target the $1,500 support, which, if broken, would open up the way for a lot more downside.

Ethereum Präisanalyse: Conclusioun 

Ethereum Präis Analyse is bearish today as we have seen further selling over the past days with no signs of reversal. ETH/USD should continue even lower over the next days, leading toward the $1,500 support.

Wärend op Ethereum waart fir weider ze goen, kuckt eis Präisprognosen op XDC, Kardan, an Curve