Ethereum's $3,400 Recovery and ICP's Rise Fall Short Compared to the Untapped Potential of Zero Knowledge Proofs!
Zero Knowledge Proof (ZKP) Launch: ZKP is set to launch with a fully operational $100 million network, offering real computational output through its Proof Pods, which are ready to ship, distinguishing it from typical crypto launches that rely on promises.
Ethereum Market Update: Ethereum (ETH) is currently testing key support levels around $3,650–$3,700 after a price drop, with institutional inflows indicating long-term confidence despite short-term volatility and mixed market sentiment.
Internet Computer (ICP) Sentiment: ICP is showing signs of increased trading activity and potential breakout as it builds a base around $8.40–$8.70, supported by positive developments from the DFINITY Foundation and growing developer engagement.
Market Outlook: Both Ethereum and ICP are navigating a steady but uncertain market, with traders closely monitoring for decisive movements, while ZKP's presale is gaining attention for its utility-backed earning potential, contrasting with speculative models in the crypto space.
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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 | 733.165 | 1240.482 | 1700.005 | 2207.322 | 2666.845 | 3174.162 | 3633.685 |
| Fibonacci | 1240.482 | 1609.815 | 1837.989 | 2207.322 | 2576.655 | 2804.829 | 3174.162 |
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