Ethereum Price Crash Makes $3,000 Reclaim Unlikely in February
- Price Trend Analysis: Ethereum (ETH) is currently priced around $2,111 with a 24-hour turnover of approximately $47.4 billion; despite a short-term rebound to $2,300, the overall trend remains bearish, making a return to $3,000 highly unlikely.
- Market Structure Signals: The MACD histogram has turned green for the first time, yet the 26-period EMA remains above the 12-period EMA, indicating that the broader bearish trend is intact, while the RSI hovers below the neutral mark, showing sellers are still in control.
- Capital Flow Situation: The CMF indicator remains firmly negative, signaling a clear trend of capital outflow, with the ADX near 39 indicating that Ethereum is in a well-defined downtrend, consistently printing lower highs and lower lows.
- Future Outlook: Although analyst Leshka suggests that ETH could triple or quadruple in the next six months, this scenario hinges on the current drawdown concluding and accumulation resuming, making a return to $3,000 in the short term seem improbable.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH) As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETH 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, ETH 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 $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 625.492 | 1186.646 | 1706.342 | 2267.496 | 2787.192 | 3348.346 | 3868.042 |
| Fibonacci | 1186.646 | 1599.531 | 1854.611 | 2267.496 | 2680.381 | 2935.461 | 3348.346 |
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