Ethereum News Today: Ethereum Faces Intense Price Showdown as Bulls and Bears Clash at Crucial Levels
- Ethereum tests critical $3,648 EMA as institutional buying and $3,500-$5,000 liquidity suggest bullish absorption potential. - Analysts forecast $10,000-$60,000 targets but warn $3,425 breakdown risks downward spiral while $3,660+ faces trendline resistance. - Post-shutdown rebound lifts ETH 2.36% to $3,533 amid ETF inflows and RSI/MACD signals hinting at potential short-term uptrend. - $3,870 EMA convergence breakout could validate bullish case, while $3,350 remains key support amid mixed altcoin perfor
Ethereum’s recent price movement has reignited discussions about a possible rally, as technical signals and market conditions point to both growth opportunities and potential hazards. The digital asset is currently hovering near significant moving averages, such as the 100-day EMA at $3,648, while
Traders are also keeping an eye on a potential breakout above $3,870,
Bitcoin is consolidating near $104,000, with the possibility of testing the 38.2% Fibonacci retracement at $106,453
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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