- The short -term Etherrium price forecast was a bounce for $ 2,000.
- For the next few weeks, more losses have emerged because Bulls have little strength to support the seller.
Ether Lee (ETH) fell below the lowest level in November 2024. It was traded less than $ 2,000 in the last test time in November 2023. This was worried about the holder. ETH/BTC has not been seen since December 2020.
Technical indicators have shown that the decline has not yet been alleviated. The weakness of the south was emphasized. What is the possibility of Ethereum to reach this level of support?
ETH resists $ 1,950.
Source: TradingView ETH/USDT
The daily chart shows a weakly weak market structure. The extension of Fibonacci, which was 23.6%south of $ 1,944, was damaged by resistance and was reviewed.
While RSI remains below the neutral 50 points, the command continues to decrease, indicating that sales pressure is increasing and sales pressure is increasing. However, over the last two weeks, RSI is optimistic, suggesting the potential of the price bounce.
If the bounce occurs, the area of $ 2,100 can serve as a short -term goal before meeting the resistance.
The falling OBV and price trends indicate that the integration stage has not yet begun. Along with the rising command, the formation of scope is a signal accumulation, but Ether Leeum Bear still maintains control.
As a result, Ether Leeum is expected to continue to fall in the next few weeks and the next level is $ 1,544.
Source: COINGLASS
The six-month liquidation heat map showed that the $ 1.6K-$ 1.8K region was filled with a dense liquidation level. This led to a good price goal and a major candidate for optimistic reversal.
In the north, a strong self -area was found at $ 2,872 and was less intense for $ 2,360.
Source: COINGLASS
To measure the short -term trend, we analyzed the liquidation heat map for one week. It showed that there is a potential short -term range between $ 1,840 and $ 1,960.
Therefore, if the price bounce seems to be near $ 2K, traders must be on the toes.
Indemnity Clause: The information presented does not make up financial, investment, transactions, or other types of advice, and is entirely the artist’s opinion.