Ethereum Poised To Test $2,800 Support Level If Market Downtrend Persists – Analyst

Quick Summary:

Related Reading: Solana Active Addresses Surge To 832K Per Hour Outpacing Ethereum Amid TRUMP Meme Coin Hype Top crypto analyst Carl Runefelt shared a technical analysis on X, shedding light on Ethereum’s precarious position.

According to Runefelt, Ethereum might test the $2,800 support level if the market continues its downward trajectory today.

Related Reading: Cardano Consolidates In A Symmetrical Triangle – Analyst Expects A 40% Move On the flip side, losing the $2,988 level could lead to increased selling pressure, with the possibility of ETH testing lower support levels.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: Ethereum Support Levels Ethereum technical analysis Ethereum Ethereum Analysis Ethereum price ETH Ethereum news Ethereum ETHUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-27 @ 21:30:54 (3 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 601 words

Reading Time: 4 minutes read

Sentences: 68 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 25543079

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Main Topics: Crypto

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