{"id":3128,"date":"2024-07-08T03:48:20","date_gmt":"2024-07-08T03:48:20","guid":{"rendered":"https:\/\/cryptd.in\/ethereum-settles-below-3k-bearish-sentiment-points-to-deeper-decline\/"},"modified":"2024-07-08T03:48:20","modified_gmt":"2024-07-08T03:48:20","slug":"ethereum-settles-below-3k-bearish-sentiment-points-to-deeper-decline","status":"publish","type":"post","link":"https:\/\/cryptd.in\/cs\/ethereum-settles-below-3k-bearish-sentiment-points-to-deeper-decline\/","title":{"rendered":"Ethereum Settles Below $3K: Bearish Sentiment Points to Deeper Decline"},"content":{"rendered":"<p><em>Ethereum price remained in a bearish zone below $3,150 zone. ETH is again moving lower and the bears could aim for a drop below $2,800.<\/em><\/p>\n<p>Ethereum started a fresh decline below the $3,000 and $2,950 levels.<br \/>\nThe price is trading below $3,000 and the 100-hourly Simple Moving Average.<br \/>\nThere is a key bearish trend line forming with resistance near $2,950 on the hourly chart of ETH\/USD (data feed via Kraken).<br \/>\nThe pair could correct losses, but upsides might be limited above the $3,000 zone.<\/p>\n<h2>Ethereum Price Remains At Risk of More Downsides<\/h2>\n<p>Ethereum price failed to start a recovery wave above the $3,080 and $3,120 resistance levels. ETH started another decline below the $3,000 support zone like <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-downtrend-54k\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a>. There was a move below the $2,950 and $2,920 support levels.<\/p>\n<p>The price declined 6% and even tested the $2,820 support. A low was formed at $2,825 and the price is now consolidating losses. The price is showing a lot of bearish signs and testing the 23.6% Fib retracement level of the downward move from the $3,077 swing high to the $2,825 low.<\/p>\n<p>Ethereum is trading below $3,000 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-dives-below-3k-2\/\" target=\"_blank\" rel=\"noopener\">100hodinov\u00fd jednoduch\u00fd klouzav\u00fd pr\u016fm\u011br<\/a>. If there is a recovery wave, the price might face resistance near the $2,920 level. The first major resistance is near the $2,950 level.<\/p>\n<p>There is also a key bearish trend line forming with resistance near $2,950 on the hourly chart of ETH\/USD. The trend line is close to the 50% Fib retracement level of the downward move from the $3,077 swing high to the $2,825 low.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/07\/Ethereum_60a144.png?resize=1024%2C461\"><\/a><\/p>\n<p>The next major hurdle is near the $3,000 level. A close above the $3,000 level might send Ether toward the $3,080 resistance. The next key resistance is near $3,120. An upside break above the $3,120 resistance might send the price higher toward the $3,250 resistance zone.<\/p>\n<h2>More Losses In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,950 resistance, it could continue to move down. Initial support on the downside is near $2,820. The first major support sits near the $2,800 zone.<\/p>\n<p>A clear move below the $2,800 support might push the price toward $2,720. Any more losses might send the price toward the $2,650 level in the near term.<\/p>\n<p>Technick\u00e9 ukazatele<\/p>\n<p>Hodinov\u00fd MACD<strong> - <\/strong>MACD pro ETH\/USD nab\u00edr\u00e1 na s\u00edle v medv\u011bd\u00ed z\u00f3n\u011b.<\/p>\n<p>Hodinov\u00fd RSI<strong> - <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n<p>Major Support Level \u2013 $2,820<\/p>\n<p>Major Resistance Level \u2013 $2,950<\/p>","protected":false},"excerpt":{"rendered":"<p>Ethereum price remained in a bearish zone below $3,150 zone. ETH is again moving lower and the bears could aim for a drop below $2,800. Ethereum started a fresh decline below the $3,000 and $2,950 levels. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a key bearish trend line [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":3129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ethereum Settles Below $3K: Bearish Sentiment Points to Deeper Decline - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/cs\/ethereum-settles-below-3k-bearish-sentiment-points-to-deeper-decline\/\" \/>\n<meta property=\"og:locale\" content=\"cs_CZ\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Settles Below $3K: Bearish Sentiment Points to Deeper Decline - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Ethereum price remained in a bearish zone below $3,150 zone. ETH is again moving lower and the bears could aim for a drop below $2,800. Ethereum started a fresh decline below the $3,000 and $2,950 levels. The price is trading below $3,000 and the 100-hourly Simple Moving Average. 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