Ethereum’s Technical Reset: $3,800 Support May Ignite The Next Wave Upward
Ethereum appears to be entering a pivotal phase as the market stabilizes around a key support level near $3,800. After a period of correction, technical indicators, structural signals, and price action now suggest the potential for a renewed bullish move. Ethereum Slips Below Key $4,060 Support Ted, in a recent update shared on X, pointed out that Ethereum has slipped below its crucial $4,060 support level, a move that may hint at a short-term bearish phase for the asset. This breakdown has drawn traders’ attention to lower support regions, as Ethereum’s next moves will likely determine....
Related News
Ethereum’s price has formed an upward turnaround wave. Will there be a turn? Where will the upward trend be cancelled? There is a fortification at the level of $10, and a turnaround wave has been formed. In such conditions, the odds are lying with an upward turn. I.e. in case of a repeated break through the peak of the wave, the movemet is more likely to go along an upward trend, rather than a downward one. But another option is possible nevertheless. There is always a probability of a cancellation of a movement. That’s why the level protecting the upward trend is at $9.3. A new rebound....
Ethereum’s price is continuing its upward trend. Whether that short-term trend is a wave within a flat will be apparent after its structure is completely formed. What is the most likely scenario for a turn to decline? After fortifying at a key level of $10.4, Ethereum’s price has formed an upward impulse. The structure of the downward trend was broken at that point, and the downward movement was consequently a rebound. There is still a chance of the current upward trend turning out to be a wave within a flat. But for that to be true, the structure of the trend has to be disrupted. If a....
The upward Ethereum trend could soon be over. Ethereum’s price has formed a flat wave, and now a turn to decline is likely to form. At which point will the upward trend be least likely to continue? After forming a correction toward the upward trend, Ethereum’s price has rebounded from the $12.5 resistance line, which we have pointed out earlier. But this wave of the trend is likely a short one, because there is a probability that it will turn out to be a wave of a flat. That’s why for the upward trend to continue, it’s necessary for this wave to be a part of that trend. It’s common....
Ethereum’s price is moving along a medium-term upward trend. The cancellation of a likely flat has provoked this impulse. Where can a new stop happen? The cancellation of a flat wave scenario meant that there is a medium-term trend underway. Because of that, there was no turn to decline and a quite powerful upward trend has played out instead. In order to predict the most likely stopping point for this upward trend, a number of important factors have to be taken into account, all of which are interconnected. First off, we have to determine the minimal medium-term target. The whole upward....
Ethereum and Litecoin trends remain as they were. DASHBTC has reached the bottom limit of the long-term flat, from which it may rebound up. ETH/USD. Ethereum’s price has formed a wave of an upward trend. The choice of direction has happened at the $12.2 resistance line. The following direction was decided at a level that we found earlier. A fortification and a turn have formed at that mark, during the fulfillment of the continued upward trend scenario. Ethereum’s price is fortifying at a key resistance line of $13.4. The future direction is most likely to be decided at that level. If the....