Exciting News: Coinbase to Unlock Trading for ALT, PENDLE & L3 on Ethereum Network!
Coinbase Listing Announcement: Coinbase plans to list three new ERC-20 tokens—AltLayer (ALT), Pendle (PENDLE), and Layer3 (L3)—on its platform starting on or after March 27, 2024, contingent upon sufficient liquidity conditions.
Benefits and Considerations: The listing is expected to enhance visibility and liquidity for these tokens within the Ethereum ecosystem, but potential challenges include volatility, regulatory scrutiny, and the need for adequate market liquidity before trading can commence.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH) As of , Ethereum (ETH) 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 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 | 1025.259 | 1386.53 | 1753.439 | 2114.71 | 2481.619 | 2842.89 | 3209.799 |
| Fibonacci | 1386.53 | 1664.694 | 1836.545 | 2114.71 | 2392.874 | 2564.725 | 2842.89 |
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