Ethereum Präis Nächst $ 1240 Ënnerstëtzung Decompte; Zréck op $ 1000?

This mid-week, the Ethereum price witnessed a minor pullback after hitting local support of $1240. However, the prices struggling to breach the immediate resistance of $1330 indicates sellers are defending this level aggressively. If the selling pressure persists, the sellers will undermine this bullish pullback dës nächst Woch.

Schlëmmsten Punkten: 

• The Ethereum price downfall stalls at $1240 support.
• The Ethereum Fear and Greed Index has dropped to the extreme fear sentiment of 24%
• Den Intraday Handelsvolumen an Ethereum ass $ 10.5 Milliarde, wat e Verloscht vun 29% ugeet. 

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Amid the increasing bearish momentum in the crypto market and the Zënserhéijung vun der US Fed, the Ethereum price witnessed from September third week. The downfall plunged the altcoin to $1240 local support, evaporating nearly 70% of the previous June-to-August recovery.

On September 22nd, the Ethereum price bounced back from this support for an occasional pullback; however, the prices couldn’t exceed $1330 resistance. Over the past three days, the buyers made several attempts to breach this resistance, but all ended with a closing below $1300 and a higher price rejection.

d' der Altcom currently trades at $1306 with an intraday loss of $0.8%. A bearish reversal from this resistance will suggest the resumption of ongoing correction. Thus, with sustained selling, the Ethereum price could tumble by 4.2% and retest the $1240 support.

With a better possibility of this support breakdown, a daily candle closing below this level will provide a selling opportunity. In that case, the altcoin could crash to $1000 psychological support, with only an $1130 barrier in its way.

On a contrary note, if the Ethereum price shows a reversal sign at $1240 support, the buyers may attempt an upswing above the $1300 mark.

Technesch Indikator -

Relative Stäerkt Index: der deeglech-RSI Steigungen reverted lower from the 40% mark, indicating the market sentiment supports further downfall.

EMAs: the coin price trading below the downsloping crucial EMAs(20, 50, 100, and 200) indicates an aggressive downtrend.

Ethereum Intraday Präisniveauen

• Spotpräis: $ 1306
• Trend: Bearesch
• volatility: mëttelfristeg
• Resistenzniveau - $ 1330 an $ 1400
• Ënnerstëtzung Niveau- $ 1240 an $ 1130