Market Cap: $2.6762T -1.240%
Volume(24h): $130.1449B 61.270%
  • Market Cap: $2.6762T -1.240%
  • Volume(24h): $130.1449B 61.270%
  • Fear & Greed Index:
  • Market Cap: $2.6762T -1.240%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$83571.608249 USD

-1.38%

ethereum
ethereum

$1826.028236 USD

-3.02%

tether
tether

$0.999839 USD

-0.01%

xrp
xrp

$2.053149 USD

-2.48%

bnb
bnb

$601.140115 USD

-0.44%

solana
solana

$120.357332 USD

-3.79%

usd-coin
usd-coin

$0.999833 USD

-0.02%

dogecoin
dogecoin

$0.166175 USD

-3.43%

cardano
cardano

$0.652521 USD

-3.00%

tron
tron

$0.236809 USD

-0.59%

toncoin
toncoin

$3.785339 USD

-5.02%

chainlink
chainlink

$13.253231 USD

-3.91%

unus-sed-leo
unus-sed-leo

$9.397427 USD

-0.19%

stellar
stellar

$0.266444 USD

-1.00%

sui
sui

$2.409007 USD

1.15%

Cryptocurrency News Articles

Ethereum (ETH) Faces Crossroads as Technical Indicators and Market Sentiment Send Conflicting Signals

Jan 11, 2025 at 08:00 pm

Ethereum (ETH) Faces Crossroads as Technical Indicators and Market Sentiment Send Conflicting Signals

Ethereum (ETH) price is showing conflicting signals from its technical indicators and the overall market sentiment. As of Friday morning, ETH trades at $3,300, facing key support and resistance levels that could determine its next move.

Ethereum’s technical indicators show a bearish trend as the price trades below all major exponential moving averages (EMAs). The 200-EMA at $3,697 acts as a major resistance point, while the $3,200–$3,300 range provides strong support. If ETH drops below this range, it could spiral down to $3,000 or lower. However, if it moves above the $3,500–$3,760 resistance range, that could signal a potential bullish reversal.

The RSI (39.61) points to possible buyer interest as it approaches oversold territory, and the MACD histogram displays narrowing bars, suggesting the potential for a trend shift. If Ethereum closes above $3,697, it could challenge $4,000 and regain upward momentum.

In the Ethereum options market, a put-call ratio of 0.48 suggests strong bullish sentiment compared to Bitcoin. This optimism is supported by the recent expiration of 141,000 options contracts worth $460 million. Ethereum’s max pain point of $3,450 is close to its current trading range. This hints at a possible recovery despite a sharp 14% drop earlier this week.

Ethereum faces immediate resistance at $3,425.50, a level crucial to determining its short-term trajectory. A break above this could lead to further gains, while failure to hold this level may resume the correctional bearish trend. Analysts are watching the $3,222.00 support level. If selling pressure increases, ETH could drop to $3,017.30.

As traders wait for a clearer picture, Ethereum’s future depends on whether it can reclaim key resistance levels while holding its current support.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Apr 03, 2025