After Breaking Below $1500, Where is the Bottom for ETH? (Ethereum Price Analysis) - BitcoinEthereumNews.com
EthereumAfter Breaking Below $1500, Where is the Bottom for ETH? (Ethereum Price Analysis)06 / 12 / 2022बिटकॉइन एथेरियम समाचार Ethereum lost 20% of its value in the last three days and has performed much worse than Bitcoin. Speculations about the Celsius network liquidity crisis have intensified the panic sell. Where is the bottom? तकनीकी विश्लेषण Technical Analysis By Grizzly दैनिक चार्ट On the daily timeframe, the bears could finally push the price below the key support of $1,700 (marked yellow on the following chart). ETH is now trading at its lowest levels since March 2022. At present, it is challenging to speculate whether we saw a market bottom. After breaking below the horizontal support at $1540, the next major level of support is expected around $1300. If the zone between $1300 – $1500, which contains 2018s previous ATH, does not absorb the current selling pressure, ETH will likely retest the $1,000 for the first time after more than 500 days. मुख्य समर्थन स्तर: $ 1300 और $ 1040 प्रमुख प्रतिरोध स्तर: $ 1500 और $ 1700 मूविंग एवरेज: MA20: $1797nMA50: $2177nMA100: $2593nMA200: $2985 ईटीएच/बीटीसी चार्ट As expected and mentioned in our previous price analysis, the critical level at 0.055 BTC (in yellow) got broken down. The overall market structure has become very bearish,