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Ethereum’s attempt to resume the bullish momentum reached a roadblock, because the price failed to unravel the crucial resistance level of $ 2,160. After having shown signs of recovery, the ETH faced a high sales pressure at this key level, preventing a burst And disappointing bullish merchants who hoped more upwards.
Its inability to overcome this resistance suggests that bears are still in control, keeping the price of Ethereum under pressure. With the momentum fades and the walk The feeling becoming cautious, traders are now looking closely at key support areas to determine the next decision.
Setting pressure supports: What is the next step for Ethereum?
Ethereum faces increasingly decreasing pressure, because its last recovery attempt was rejected at the level of resistance of $ 2,160. The failure of the rupture reinforced Bearish feelingWith key technical indicators indicating weakness. If buyers fail to intervene, the ETH could be at risk of deeper cuts in the short term.
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One of the main warning signs is low volume during the recovery attempt. A strong escape generally requires an important interest in purchase, but the Ethereum rally lacked momentum, which allows sellers to more easily resume control. This lack of conviction of bulls suggests that the upward movement was not durable, allowing bears to lower prices.
In addition, the relative resistance index (RSI) has broken-downmoving below the key thresholds which indicate a weakening of the bullish force. The current RSI decreases that the purchase of pressure is fading, which makes Ethereum difficult to build momentum upwards. If the RSI continues to decrease, it could further confirm an extended bearish phase.
The divergence of mobile average convergence (MacD) has also become negative, with a failure lower than the signal line and a widening deviation between the MacD and its mobile average. This crossing indicates that the lowering momentum accelerates, reducing the chances of immediate recovery. When combined with other lowered signals, MacD ventilation also supports the case for a suite inconvenience.
For the future, ETH can retain key support areas. However, a strong rebound from lower levels could offer bulls Another chance of regaining the lost ground. For the moment, the graphics suggest that Ethereum remains vulnerable to other decreases.
Can support levels to monitor: Can bulls prevent an additional decline?
Attention now turning to the key Support levelsThe first major support to monitor is about $ 1,523, a level that previously actually acts as a short -term request area. If Ethereum is above this area, he could provide the bulls with a base for another rebound attempt. However, a rupture below this level could point out an increasingly downward domination, increasing the risk of deeper losses.
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Below $ 1,523, the following key support is at $ 902, corresponding to the reactions of previous prices and acting as a psychological level for merchants. A non-compliance here can accelerate the sale pressure, pushing the ETH to other supports below.
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