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Ethereum Facing $3K Following Disaster Week: First Signs of Relief (ETH Price Analysis)

From cryptopotato.com

Just as the overall negative sentiment of the crypto markets, ETH had a rough start of 2022, losing over 20% during the first week of the new year. • Key Support levels: $3K – $2750 • Key Resistance levels: $3,300 – $3,600 The past week saw a significant crypto crash where ETH went as low as $2,987 (Bitstamp) on Saturday before recovering above the $3K support level as of today. Last Wednesday, the market entered into a sustained selloff: so far, ETH saw four consecutive daily red candles, breaking the $3,600 and $3,300 key support levels. Now, these critical levels have turned into resistance. At the time of this ... (full story)

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  • Category: Technical Analysis