Ethereum continues to show high volatility. The current price is $3,844.09, which is -3.62% lower over the last 24 hours. The range of fluctuations is $3,807 - $4,020, and the price is currently closer to the lower boundary.
Possible scenarios:
1️⃣ Decline: If sellers maintain pressure, ETH could drop below $3,800, testing levels of $3,750 - $3,700.
2️⃣ Consolidation: In the event of buyer activation, a pullback to $3,880 - $3,920 is possible, where the price may temporarily stabilize.
3️⃣ Growth: With an increase in volumes and a breakout above $3,920, ETH may attempt to reach the upper range of $4,020 and even return to $4,100.
Key factors:
News: The influence of fundamental factors and updates to the Ethereum ecosystem.
Technical levels: Support at $3,800 and resistance at $4,020.
Trading volumes: An increase in volumes at current levels may signal a reversal.
⏳ Conclusion: Watch the key levels — $3,800 and $3,920. If the downward breakout continues, the market may see a decline. A clear breakout above $3,920 with increased volumes is essential for growth.
What do you think, friends? Are the bears still dominating, or is the market ready for a reversal? D
Share your opinion!