Ethereum's Risky Liquidation Zone Extends to $1,500
- Liquidation Zone Analysis: Recent data reveals that Ethereum's primary liquidation cluster has extended down to $1,500, a price range that often triggers volatile price movements, especially as leveraged positions face collateral pressure.
- Weak Market Momentum: Ethereum remains below the Fibonacci level of $2,229 on the daily chart, indicating that buyers have failed to regain control, with the current downward trend showing lower highs and lower lows, increasing the risk of further declines.
- Technical Indicator Signals: The RSI currently reads 18.44, indicating heavy selling pressure; although in oversold territory, this does not guarantee an imminent trend reversal, as continued selling could lead to further weak closes.
- Support and Resistance Levels: The first major support zone lies between $1,750 and $1,800, and if the price closes below this band, the focus could quickly shift to $1,650 and the critical $1,500 liquidation area, while $1,900 to $2,000 represents initial resistance for any bounce attempts.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 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 crypto.
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 | 993.496 | 1249.588 | 1525.816 | 1781.908 | 2058.136 | 2314.228 | 2590.456 |
| Fibonacci | 1249.588 | 1452.934 | 1578.562 | 1781.908 | 1985.254 | 2110.882 | 2314.228 |
About ETH
About the author
