Ethereum Slips After Rebound, Struggling to Keep Momentum Above $3,500
NegativeCryptocurrency

Ethereum's recent price movement has seen it slip below the crucial $3,500 mark after struggling to hold above $3,550. This decline follows a broader bearish trend in the cryptocurrency market, similar to Bitcoin's recent performance. As Ethereum trades below the 100-hourly Simple Moving Average and the 50% Fibonacci retracement level from its recent highs, the outlook appears grim. If the price continues to decline and breaches the $3,350 support level, it could signal further losses. Conversely, should there be a recovery, resistance is anticipated near $3,475, with potential upward targets around $3,800 or $3,880. The volatility in Ethereum's price underscores the challenges faced by cryptocurrencies, making it a critical moment for investors and market watchers alike.
— via World Pulse Now AI Editorial System







