Ethereum Struggles Below $3,659 Resistance: Is Momentum Fading?

Quick Summary:

What Key Indicators Say About Ethereum’s Price ETH is displaying strong bearish momentum on the 4-hour chart, with its price attempting a move toward the $3,360 level and the crucial 100-day Simple Moving Average (SMA).

Related Reading: Ethereum Momentum Builds: 10% Surge Sparks ATH Hopes However, should the price fail to maintain above $3,360, ETH may experience a notable downswing, with $3,051 emerging as the next key support range.

While the 100-day SMA offers some support, the downward movement implies that selling pressure is dominant, weakening the bullish momentum.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: United KingdomNigerNigeria

Topics: Ethereum Ethusd SMA ETHUSDT RSI ETH Ethereum Simple Moving Average Relative Strength Index

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 20:00:25 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 457 words

Reading Time: 3 minutes read

Sentences: 74 lines

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Copyright Owner: © NewsBTC

News ID: 23954483

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