Make or Break for ETH as $1.8K Level Put to the Test (Ethereum Price Analysis)
Ethereum Make or Break for ETH as $1.8K Level Put to the Test (Ethereum Price Analysis) 2 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Ethereum‘s price has been slowly dropping over the past few weeks, approaching a significant support level. Things will get interesting soon, as the market’s reaction to this level would likely determine the price action in the next few weeks. Teknikal na Pagsusuri ng Ang Pang-araw-araw na Tsart: On the daily timeframe, the ETH price has been declining since getting rejected from the $2,000 psychological level. The 50-day moving average has also been broken to the downside around the $1,900 mark. Currently, the price is moving toward the 200-day moving average located near the $1,800 level. The $1,750 support zone is also nearby, adding to the significance of this area. A rebound could result in a rally toward the $2,000 level and probably higher. On the other hand, a breakdown of the mentioned support zone can lead to a rapid drop to the $1,400 area in the short term. Yet, judging by the lack of bearish momentum in the recent decline, a rebound and rally seem more likely. Pinagmulan: TradingViewAng 4-Oras na Tsart: The recent price action is much clearer in the 4-hour timeframe. As the chart









