NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Key Support Levels To Monitor As Ethereum Price Slows Down

anushsamal
anushsamal
2 years ago
2 mins read
Ethereum

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The Ethereum price consolidation weakened as the bulls lost momentum, resulting in a nearly 4% loss in the last 24 hours and a 7% decline on the weekly chart. The technical analysis indicates considerable bearish pressure.

The coin’s value remained stagnant at around $1,800, leading to waning interest from buyers and a significant decrease in demand and accumulation. As Bitcoin dropped below $26,000, major altcoins also experienced significant declines on their daily charts.

Related Reading

Cardano

Cardano May Sink To This Level As Bears Keep Gaining Leverage

2 years ago

To break its resistance, Ethereum requires substantial buyer participation, as failure to do so could lead to the loss of a crucial support level.

Additionally, Bitcoin must recover and reach the $27,000 zone to initiate a short-term recovery for ETH. The declining market capitalization of Ethereum suggests a gradual departure of buyers from the market.

Ethereum Price Analysis: One-Day Chart

Ethereum
Ethereum was priced at $1,770 on the one-day chart | Source: ETHUSD on TradingView

At the time of writing, ETH was priced at $1,770. After struggling around the $1,800 range, selling pressure eventually took over. The coin’s resistance levels were identified at $1,798 and $1,821. Conversely, if the price continues to decline, the bulls will attempt to defend ETH at $1,740.

However, a failure to hold above $1,740 would push Ethereum down to $1,690. A further drop would breach the $1,540 support line. Additionally, the recent session saw a significant increase in selling strength, reflected by the red volume of Ethereum traded.

Technical Analysis

Ethereum
Ethereum registered a considerable fall in buying strength on the one-day chart | Source: ETHUSD on TradingView

Following the decline from the $1,800 range, ETH has experienced a significant sell-off with a lack of recovery in buying strength. The Relative Strength Index (RSI) dipped below 40, suggesting a decrease in accumulation and nearing oversold territory.

Additionally, ETH dropped below the 20-Simple Moving Average (SMA) line, indicating that sellers have been driving the market momentum. If ETH successfully surpasses the immediate resistance level, there is a possibility of moving above the 20-SMA line.

Ethereum
Ethereum noted a sell signal on the one-day chart | Source: ETHUSD on TradingView

Several technical indicators on the daily chart of Ethereum began showing sell signals. One of these indicators is the Awesome Oscillator, which not only reflects price momentum but also identifies potential trend reversals.

In this case, the indicator displayed growing red histograms below the half-line, indicating sell signals for the altcoin. This suggests a potential decline in price before any recovery takes place.

Related Reading

Bitcoin bear

Does The Bitcoin Price Dump Signal The Start Of Another Bear Market?

1 year ago

Another indicator, the Bollinger Bands, which reveal price fluctuation and volatility, started widening. This widening suggests that Ethereum could experience increased price volatility and fluctuations in the upcoming trading sessions.

This heightened volatility indicates the potential for significant price movements in either direction. Ethereum has to topple over its immediate resistance in order to stall the bears. In addition to that, broader market strength will also prove to be crucial for ETH.

Featured Image From UnSplash, Charts From TradingView.com
Tweet123Share196ShareSend
anushsamal
anushsamal

anushsamal

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

NFT, crypto

Crypto Hacks Surge 27% In July: $142M Stolen As 2025 Trend Continues

As the market soared in July, crypto hacks also saw a significant increase from the previous month, with crypto exchanges...

Rubmar Garcia 10 hours ago
Crypto experts voorspellen dat altcoins stijgen. Ehtereum en XRP beste keuzes?

Crypto analisten bevestigen altcoin season – Ethereum en XRP klaar voor grote koersstijgingen

Binnenkort zullen de grote altcoins, zoals Ethereum, Solana en Ripple flink in waarde stijgen. Daar zijn de meeste analisten het...

Lars Diederiksen 11 hours ago
ChatGPT voorspelt Ethereum koers tot $10.000 in bull run – wat zijn de scenario’s?

ChatGPT voorspelt Ethereum koers tot $10.000 in bull run – wat zijn de scenario’s?

We vroegen de populairste AI chatbot naar de verwachtingen voor de Ethereum koers en hebben externe analisten gevraagd naar hun...

Lars Diederiksen 13 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum ETFs

Spot Ethereum ETFs Set A New Record In July With $5.4 Billion Monthly Inflow

Sandra White 5 hours ago
Ethereum New Addresses Surge To 256,817 In A Day – Matching 2017 And 2021 Bull Markets

Ethereum New Addresses Surge To Nearly 257K In A Day, Matching 2017 And 2021 Bull Markets

Sebastian Villafuerte 6 hours ago
Ethereum

Ethereum Price Crash: What’s Happening And Where ETH Is Headed Next

Scott Matherson 7 hours ago

Premium Sponsors

Press Releases

  • Use Quid Miner cloud mining mobile app: easily earn passive...

    5 hours ago
  • Najlepšia Kryptomena na Investíciu v Auguste 2025 – HYPER, MAXI, T6900, SNORT, SUBBD, BEST, ETH

    Najlepšia Kryptomena na Investíciu v Auguste 2025 –...

    24 hours ago
  • A must-read for miners in 2025! ETHRANSACTION is disrupting...

    24 hours ago
  • XRP vs. ETH vs. BTC: Ktorá kryptomena vedie tento týždeň na trhu?

    XRP vs. ETH vs. BTC: Ktorá kryptomena vedie tento...

    1 day ago
  • Nejlepší kryptoměny k investování v srpnu 2025 –...

    1 day ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.