Ethereum May Not Hold $3000 Levels For More time, ETH Price Could Hit These Levels Soon!
With the fresh plunge dragging the crypto space to the lower support, Ethereum price also approaching the crucial $3000 level. While the second-largest crypto frequently flipped from these levels, this time the ETH price could plunge below these levels. Moreover, the price is expected to plunge hard below $2900 levels, while the possibility of a flip may not be certain. The price recently faced rejection at 200-day MA levels and soon may visit the 50-day MA levels.
Ethereum(ETH) Price Analysis
Ethereum (ETH) Technical Analysis (Short-Term)
The ETH price is sliding down and hence the RSI levels are plunging down very hard. And as the selling volume accumulated heavily it may lower the strength of the rally and increase the volatility rate. And hence the price may undergo extreme price swings for the next couple of days. The Ethereum price with the fresh plunge sliced through the local support and headed towards the $3000 levels. These levels may not be secure as a plunge below $3000 below $2900 appears pre-programmed.Source