Ethereum (ETH) is facing significant resistance as it trades below a crucial supply zone, raising concerns about its short-term price trajectory. According to the официальной информации, текущая рыночная динамика предполагает, что без решительного прорыва ETH может оказаться под угрозой дальнейших падений.
ETH Struggles to Overcome Key Supply Zone
On the daily timeframe, ETH is struggling to overcome the key supply zone between $3,300 and $3,700. This area is reinforced by the 200-day and 100-day moving averages, which are acting as major dynamic resistance levels. The Relative Strength Index (RSI) is also indicating weak momentum, remaining below the 50 level, which reflects ongoing bearish pressure in the market.
Potential for Deeper Pullback
If Ethereum fails to break above this resistance zone in the near term, analysts suggest that the likelihood of a deeper pullback towards the $2,700 support zone will increase. Traders and investors are closely monitoring these levels as a sustained move below $3,300 could signal further weakness in ETH's price action.
Ethereum recently faced a significant price rejection at $2,990, highlighting its struggle to maintain momentum amidst bearish sentiment. For more details on this development, see the full article here.
