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The attempt by Ethereum to regain the bullish momentum has hit a roadblock because the price did not break the crucial resistance level of $ 2,160. After signing recovery, ETH was at a strong sales pressure at this key level, which means that a persistent outbreak And disappointing bullish traders who hoped for further upwards.
The inability to push past this resistance suggests that bears are still under control, so that the price of Ethereum remains under pressure. Fade with the momentum and the market Sentiment that becomes careful and traders are now closely monitored to view the most important support zones to determine the next step.
Beerarish Pressure confirmations: What is the next step for Ethereum?
Ethereum is confronted with increasing downward pressure as the latest recovery attempt was rejected at the resistance level of $ 2,160. The failed outbreak has reinforced Beerarish sentimentWith important technical indicators that signal weakness. If buyers fails, ETH can run the risk of a deeper decrease in the short term.
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One of the most important warning signals is a weak volume during the recovery attempt. A strong breakout usually requires considerable buying interest, but the meeting of Ethereum was missing at the Momentum, making it easier for sellers to get control back. This lack of conviction of Bulls suggests that the upward movement was not sustainable, allowing bears to push lower prices.
Moreover, the relative strength index (RSI) has brokenUnder the most important thresholds that indicate weakening bullish power. The current decreasing RSI shows that the purchasing pressure is blurring, making it difficult for Ethereum to build up Opwing Momentum. If the RSI goes down, it could further confirm a long -term bearish phase.
The advancing average convergence -divigence (MACD) has also become negative, with a breakdown under the signal line and an increasing gap between the MACD and the progressive average. This crossover indicates that Beerarish Momentum speeds up, reducing the chances of an immediate recovery. In combination with other Bearish signals, the MACD breakdown supports the case for a continued disadvantage.
Vooruit, ETH can re -test the most important support zones. However, a strong striking of lower levels could offer bull Another chance to regain lost terrain. For now, the graphs suggest that Ethereum remains vulnerable to decrease further.
Support levels to view: can bulls prevent further decline?
With attention now to the key support levelsThe first major support to view is around $ 1,523, a level that previously acted as a short demand zone. If Ethereum retains above this area, bulls can provide a basis for a new rebound attempt. However, a break below this level can indicate a growing bearish dominance, which increases the risk of deeper losses.
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Among $ 1,523 is the following important support at $ 902, tailored to earlier price reactions and acting as a psychological level for traders. A non -stuck here can speed up the sales pressure, which pushes ETH to other support below.
Featured image of Istock, graph of TradingView.com