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2025-04-15 22:03:37

Layer3.news on Nostr: crypto.news ETHEREUM ON THIN ICE: IS A DROP BELOW $1,000 IMMINENT? -- ✍️ ...


ETHEREUM ON THIN ICE: IS A DROP BELOW $1,000 IMMINENT?


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✍️ Ethereum's price is struggling to hold a bullish structure after falling back into a critical multi-year trading range, with a deeper pullback towards the range low support possible.
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👉 Ethereum has re-entered a multi-year trading range, confirming a bearish structure
👉 Price is currently sitting at the channel midpoint, struggling to establish support
👉 Failure to show strength here increases the probability of a move to sub-$1,000 levels
👉 A full rotation to the range low makes sense, but if that low support range fails, Ethereum would likely break below $1,000

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#technology
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Ethereum has re-entered a multi-year trading range, showing continued weakness with no signs of bullish momentum. With price now hovering near the channel midpoint, technical indicators suggest the potential for a full rotation back to the range low — a…
https://crypto.news/ethereum-on-thin-ice-is-a-drop-below-1000-imminent/

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