Can Ethereum Bounce Above $4,841 or Slide Toward $3,000?
- Ethereum fell below $4,000 amid global uncertainty and market pressure.
- ETH support sits between $3,900 and $3,600 for short-term bottom.
- Upcoming PCE data may push Ethereum toward $4,100 or lower $3,000.
The crypto market faced a sharp sell-off today, with Ethereum dropping under $4,000 for the first time in six weeks. The decline comes amid growing uncertainty in global markets, institutional activity, and broader macroeconomic risks.
Related: Top 3 Mid-Cap Altcoins to Watch as Bitcoin Falls Below $109K, ETH $4K
A Drop Below $3000 In Play?
Ethereum’s latest drop coincides with reports that BlackRock sold more than 25,000 ETH in a single day. ETH is trading around $3,900 and sits at a critical point on the MVRV deviation bands.
Analyst Ali Martinez has observed that ETH must break above $4,841 to reverse the current downtrend. A successful move higher …
Read The Full Article Can Ethereum Bounce Above $4,841 or Slide Toward $3,000? On Coin Edition.
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Ethereum Below $4,000 as BlackRock Trims Holdings and ETF Outflows Accelerate
Can Ethereum Bounce Above $4,841 or Slide Toward $3,000?
- Ethereum fell below $4,000 amid global uncertainty and market pressure.
- ETH support sits between $3,900 and $3,600 for short-term bottom.
- Upcoming PCE data may push Ethereum toward $4,100 or lower $3,000.
The crypto market faced a sharp sell-off today, with Ethereum dropping under $4,000 for the first time in six weeks. The decline comes amid growing uncertainty in global markets, institutional activity, and broader macroeconomic risks.
Related: Top 3 Mid-Cap Altcoins to Watch as Bitcoin Falls Below $109K, ETH $4K
A Drop Below $3000 In Play?
Ethereum’s latest drop coincides with reports that BlackRock sold more than 25,000 ETH in a single day. ETH is trading around $3,900 and sits at a critical point on the MVRV deviation bands.
Analyst Ali Martinez has observed that ETH must break above $4,841 to reverse the current downtrend. A successful move higher …
Read The Full Article Can Ethereum Bounce Above $4,841 or Slide Toward $3,000? On Coin Edition.
Read More