Ethereum Trades Below $3000; Whats Next for ETH? - BitcoinEthereumNews.com
ETH has a strong demand at $2400 levels, and there can be an explosive demand from this level in the coming days. The only resistance seen above is $3200 to $3600, which has become a resistive zone hindering the further movement of ETH. The candlestick patterns since April 2022, when ETH failed to surpass the 200 DMA resistance, have been profit booking in free fall, consolidation, and further profit booking. The recent 6% collapse on April 26, 2022, seems to be a result of external concerns about the influence of Elon Musk on the crypto market. Since the ETH price tanked close to 22% in April, the buying strength indicated by the RSI indicator has declined by 66% during this time. Transaction volumes for the last six months have mostly remained the same, with some days of spikes but average out at similar levels. For the short term, ETH has a few milestone prices to surpass to become positively trending again. However, traders should explore market sentiments and अधिक पढ़ें about the ETHs future price momentum before investing. ETH price trend is strong, but weakening demand can be seen arising since the begining of 2022. The reason for the same canot be identified