Ethereum Price Struggling Under $3,500 May Trigger Losses
Ethereum continues to face challenges in its efforts to regain $3,500 levels, which is a key threshold to reach $4,000.
Deteriorating market conditions have exacerbated altcoin difficulties, reducing the likelihood of a near-term recovery and leaving investors uncertain about price trajectory.
Ethereum losses intensify
latest Ethereum network Trading is dominated by losses rather than profits. Many investors panic sell their stock holdings, especially short-term stocks, in hopes of generating gains or reinvesting in the event of a decline. However, these actions often lead to missed opportunities, exacerbating economic downturns.
This behavior highlights a general lack of investor confidence. The tendency to exit positions prematurely results in volatilitymaking it more difficult for Ethereum to regain its footing and stabilize above key support levels.
Ethereum’s activity indicator is at a two-year high, indicating strong activity among long-term holders (LTH). This indicator increases when LTH liquidates its holdings, which is usually a bearish sign of price stability.
Despite the price decline, activity continues to rise, suggesting that LTH is prioritizing profit-taking over supporting a recovery. This behavior damages market confidence and puts additional pressure on companies. Ethereum pricemay lead to further decline.
ETH Price Prediction: Breaking Through Resistance Levels
Ethereum currently The price was at $3,402, holding above the support at $3,327, but failed to break the resistance at $3,524. This consolidation has lasted for nearly two weeks, reflecting uncertainty in the market and the lack of strong bullish signals.
Given the current situation, Ethereum may continue to consolidate or decline. A decline could push altcoins to test $3,000 levels, extending investor losses and delaying any major recovery.
Alternatively, $3,524 turning into support could invalidate the bearish outlook. Achieving this milestone will be Ethereum reaches 3,721, allowing the cryptocurrency to recoup its losses and restore the confidence of its holders.
Disclaimer
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