Ethereum Price Prediction: ETH Attempts Recovery as Open Interest Hits $46.8B
- Ethereum defends $3,940 support, signaling renewed buyer strength into Q4.
- Open interest hits $46.8B, reflecting growing institutional confidence in ETH.
- Break above $4,270 may trigger recovery toward $4,476 and $4,758 targets.
Ethereum is showing renewed resilience after a sharp retreat from its recent $4,758 high, with price action suggesting growing market confidence. On the 4-hour chart, ETH trades around $4,164, attempting to reclaim short-term moving averages. The recovery coincides with rising futures activity and improving exchange flows, both hinting at a potential rebound phase forming after weeks of consolidation.
Buyers Defend the $3,940 Support Zone
Significantly, Ethereum has maintained strong defense above the $3,940–$3,950 zone, which aligns with the 0.382 Fibonacci retracement. This level has served as a key base since early October, preventin…
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Ethereum Price Prediction: BlackRock’s $46.9M ETH Purchase Puts Support in Focus
Ethereum Price Prediction: ETH Attempts Recovery as Open Interest Hits $46.8B
- Ethereum defends $3,940 support, signaling renewed buyer strength into Q4.
- Open interest hits $46.8B, reflecting growing institutional confidence in ETH.
- Break above $4,270 may trigger recovery toward $4,476 and $4,758 targets.
Ethereum is showing renewed resilience after a sharp retreat from its recent $4,758 high, with price action suggesting growing market confidence. On the 4-hour chart, ETH trades around $4,164, attempting to reclaim short-term moving averages. The recovery coincides with rising futures activity and improving exchange flows, both hinting at a potential rebound phase forming after weeks of consolidation.
Buyers Defend the $3,940 Support Zone
Significantly, Ethereum has maintained strong defense above the $3,940–$3,950 zone, which aligns with the 0.382 Fibonacci retracement. This level has served as a key base since early October, preventin…
Read The Full Article Ethereum Price Prediction: ETH Attempts Recovery as Open Interest Hits $46.8B On Coin Edition.
Read More