Ethereum price failed to extend gains above the $2,500 resistance zone. ETH started a downside correction and traded below the $2,465 support zone.
Ethereum price failed to extend gains above the $2,500 resistance zone. ETH began a downside correction like Bitcoin and traded below the $2,465 support zone. There was also a move below the $2,420 level. The price tested the 50% Fib retracement level of the upward wave from the $2,310 swing low to the $2,519 high. It seems like the bulls are now protecting more downsides below the $2,400 support level.
After a strong rally from the $2,310 swing low, Ethereum price failed to clear the $2,500 resistance. ETH began a downside correction and traded below the $2,465 support zone. There was also a move below the $2,420 level. The price tested the 50% Fib retracement level of the upward wave from the $2,310 swing low to the $2,519 high. It seems like the bulls are protecting more downsides now below the $2,400 support level.
After a strong rally from the $2,310 swing low, Ethereum price failed to clear the $2,500 resistance. ETH began a downside correction and traded below the $2,465 support zone. There was also a move below the $2,420 level. The price tested the 50% Fib retracement level of the upward wave from the $2,310 swing low to the $2,519 high. It seems like the bulls are protecting more downsides now below the $2,400 support level.
After a strong rally from the $2,310 swing low, Ethereum price failed to clear the $2,500 resistance. ETH began a downside correction and traded below the $2,465 support zone. There was also a move below the $2,420 level. The price tested the 50% Fib retracement level of the upward wave from the $2,310 swing low to the $2,519 high. It seems like the bulls are protecting more downsides now below the $2,400 support level.
After a strong rally from the $2,310 swing low, Ethereum price failed to clear the $2,500 resistance. ETH began a downside correction and traded below the $2,465 support zone. There was also a move below the $2,420 level. The price tested the 50% Fib retracement level of the upward wave from the $2,310 swing low to the $2,519 high. It seems like the bulls are protecting more downsides now below the $2,400 support level.
After a strong rally from the $2,310 swing low, Ethereum price failed to clear the $2,500 resistance. ETH began a downside correction and traded below the $2,465 support zone. There was also a move below the $2,420 level. The price tested the 50% Fib retracement level of the upward wave from the $2,310 swing low to the $2,519 high. It seems like the bulls are protecting more downsides now below the $2,400 support level.
After a strong rally from the $2,310 swing low, Ethereum price failed to clear the $2,500 resistance. ETH began a downside correction and traded below the $2,465 support zone. There was also a move below the $2,420 level. The price tested the 50% Fib retracement level of the upward wave from the $2,310 swing low to the $2,519 high. It seems like the bulls are protecting more downsides now below the $2,400 support level.
After a strong rally from the $2,310 swing low, Ethereum price failed to clear the $2,500 resistance. ETH began a downside correction and traded below the $2,465 support zone. There was also a move below the $2,420 level. The price tested the 50% Fib retracement level of the upward wave from the $2,310 swing low to the $2,519 high. It seems like the bulls are protecting more downsides now below the $2,400 support level.
After a strong rally from the $2,310 swing low, Ethereum price failed to clear the $2,500 resistance. ETH began a downside correction and traded below the $2,465 support zone. There was also a move below the $2,420 level. The price tested the 50% Fib retracement level
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2024 has been a key year for Ethereum (ETH), attracting institutional investors’ attention to its native token and ecosystem.

Historically, when Ethereum (ETH) surges, an altcoin season is triggered, benefiting from the higher market activity and investor interest.

Ethereum price crashed 12% since the spot ETF approval on July 23 and formed a temporary low at $3,087. Since then, ETH has bounced 6% and currently trades under $3,300.

Ethereum price started a recovery wave above the $2,250 level. ETH was able to clear the $2,280 resistance zone to move into a positive zone, but momentum was weak compared to Bitcoin.

The recent crypto market correction has pushed the Ethereum price to drop 37% in the past six days. This development comes amid recession fears.

Ethereum price attempted a recovery wave above the $2,400 level. However, ETH failed to clear the $2,450 resistance zone. There was a fresh decline below $2,320

Ethereum price struggled to stay above $2,650 and started a fresh decline like Bitcoin. ETH declined heavily below the $2,620 and $2,600 levels.

Ethereum price could be gearing up another sell-off to $2,000 and below considering the decline in derivatives volume and open interest

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