Ethereum Dips Below $2,300 as Small Whales Sell and Stake Rises
Whale Activity and Price Drop: Ethereum's price has fallen below $2,300, prompting small whale wallets to sell significant amounts of ETH. Increased trading activity on centralized exchanges indicates a cautious market sentiment as analysts highlight potential further downside pressure.
Staking Confidence: Despite the price decline, staked ETH has reached 35 million, reflecting strong investor confidence in Ethereum’s proof-of-stake model and long-term commitment to the network, which may help offset short-term market volatility.
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Technical Analysis for COW
Technical Sentiment Analysis for CoW Protocol (COW) As of , CoW Protocol (COW) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for COW stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, COW is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
CoW Protocol (COW) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0797 | 0.104 | 0.133 | 0.157 | 0.186 | 0.21 | 0.239 |
| Fibonacci | 0.104 | 0.124 | 0.137 | 0.157 | 0.177 | 0.19 | 0.21 |
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