• bitcoinBitcoin (BTC) $ 85,696.00
  • ethereumEthereum (ETH) $ 1,639.70
  • tetherTether (USDT) $ 0.999921
  • xrpXRP (XRP) $ 2.17
  • bnbBNB (BNB) $ 588.01
  • solanaSolana (SOL) $ 132.34
  • usd-coinUSDC (USDC) $ 0.999898
  • dogecoinDogecoin (DOGE) $ 0.159045
  • tronTRON (TRX) $ 0.247579
  • cardanoCardano (ADA) $ 0.634729
  • staked-etherLido Staked Ether (STETH) $ 1,638.61
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 85,618.00
  • leo-tokenLEO Token (LEO) $ 9.43
  • avalanche-2Avalanche (AVAX) $ 19.99
  • chainlinkChainlink (LINK) $ 12.62
  • stellarStellar (XLM) $ 0.242522
  • the-open-networkToncoin (TON) $ 2.99
  • usdsUSDS (USDS) $ 1.00
  • suiSui (SUI) $ 2.19
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • wrapped-stethWrapped stETH (WSTETH) $ 1,968.62
  • hedera-hashgraphHedera (HBAR) $ 0.164306
  • bitcoin-cashBitcoin Cash (BCH) $ 329.21
  • litecoinLitecoin (LTC) $ 77.36
  • polkadotPolkadot (DOT) $ 3.68
  • hyperliquidHyperliquid (HYPE) $ 16.10
  • bitget-tokenBitget Token (BGB) $ 4.35
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • ethena-usdeEthena USDe (USDE) $ 0.999036
  • pi-networkPi Network (PI) $ 0.680250
  • wethWETH (WETH) $ 1,633.03
  • whitebitWhiteBIT Coin (WBT) $ 27.86
  • moneroMonero (XMR) $ 216.16
  • wrapped-eethWrapped eETH (WEETH) $ 1,742.98
  • uniswapUniswap (UNI) $ 5.39
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 85,748.00
  • daiDai (DAI) $ 1.00
  • okbOKB (OKB) $ 52.25
  • pepePepe (PEPE) $ 0.000007
  • aptosAptos (APT) $ 4.72
  • gatechain-tokenGate (GT) $ 22.55
  • ondo-financeOndo (ONDO) $ 0.869673
  • tokenize-xchangeTokenize Xchange (TKX) $ 33.61
  • nearNEAR Protocol (NEAR) $ 2.10
  • susdssUSDS (SUSDS) $ 1.05
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • internet-computerInternet Computer (ICP) $ 4.91
  • mantleMantle (MNT) $ 0.704390
  • crypto-com-chainCronos (CRO) $ 0.084923
  • ethereum-classicEthereum Classic (ETC) $ 15.21
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.16
  • aaveAave (AAVE) $ 139.87
  • bittensorBittensor (TAO) $ 237.58
  • vechainVeChain (VET) $ 0.023562
  • render-tokenRender (RENDER) $ 3.93
  • kaspaKaspa (KAS) $ 0.077478
  • cosmosCosmos Hub (ATOM) $ 4.13
  • fasttokenFasttoken (FTN) $ 4.17
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 85,566.00
  • ethenaEthena (ENA) $ 0.296908
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997898
  • filecoinFilecoin (FIL) $ 2.49
  • algorandAlgorand (ALGO) $ 0.188823
  • sonic-3Sonic (prev. FTM) (S) $ 0.505932
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.184981
  • official-trumpOfficial Trump (TRUMP) $ 7.93
  • celestiaCelestia (TIA) $ 2.51
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 3.82
  • arbitrumArbitrum (ARB) $ 0.291415
  • kucoin-sharesKuCoin (KCS) $ 10.37
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 85,518.00
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.472124
  • makerMaker (MKR) $ 1,397.95
  • xdce-crowd-saleXDC Network (XDC) $ 0.072789
  • story-2Story (IP) $ 4.19
  • binance-staked-solBinance Staked SOL (BNSOL) $ 138.69
  • optimismOptimism (OP) $ 0.654727
  • jupiter-exchange-solanaJupiter (JUP) $ 0.381596
  • usdt0USDT0 (USDT0) $ 1.00
  • nexoNEXO (NEXO) $ 1.03
  • flare-networksFlare (FLR) $ 0.016179
  • bonkBonk (BONK) $ 0.000013
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,638.21
  • quant-networkQuant (QNT) $ 66.34
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,701.99
  • worldcoin-wldWorldcoin (WLD) $ 0.737863
  • blockstackStacks (STX) $ 0.602788
  • sei-networkSei (SEI) $ 0.179559
  • eosEOS (EOS) $ 0.603121
  • fartcoinFartcoin (FARTCOIN) $ 0.897004
  • paypal-usdPayPal USD (PYUSD) $ 0.999708
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • mantra-daoMANTRA (OM) $ 0.853638
  • wbnbWrapped BNB (WBNB) $ 587.95
  • dexeDeXe (DEXE) $ 14.18
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999734
  • tether-goldTether Gold (XAUT) $ 3,233.11
  • rocket-pool-ethRocket Pool ETH (RETH) $ 1,843.31
  • injective-protocolInjective (INJ) $ 8.02
  • curve-dao-tokenCurve DAO (CRV) $ 0.587336
  • solv-protocol-solvbtc-bbnSolv Protocol xSolvBTC (XSOLVBTC) $ 84,905.00
  • jasmycoinJasmyCoin (JASMY) $ 0.015595
  • the-graphThe Graph (GRT) $ 0.079356
  • immutable-xImmutable (IMX) $ 0.412670
  • pax-goldPAX Gold (PAXG) $ 3,238.99
  • usual-usdUsual USD (USD0) $ 0.997864
  • movementMovement (MOVE) $ 0.290483
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 85,670.00
  • theta-tokenTheta Network (THETA) $ 0.682589
  • chain-2Onyxcoin (XCN) $ 0.020081
  • galaGALA (GALA) $ 0.014588
  • heliumHelium (HNT) $ 3.59
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,738.00
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 145.51
  • lido-daoLido DAO (LDO) $ 0.708155
  • the-sandboxThe Sandbox (SAND) $ 0.258620
  • raydiumRaydium (RAY) $ 2.15
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999429
  • bittorrentBitTorrent (BTT) $ 0.00000062
  • iotaIOTA (IOTA) $ 0.163632
  • msolMarinade Staked SOL (MSOL) $ 169.72
  • kaiaKaia (KAIA) $ 0.101413
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • bitcoin-svBitcoin SV (BSV) $ 28.18
  • walrus-2Walrus (WAL) $ 0.446238
  • flowFlow (FLOW) $ 0.352679
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.85
  • flokiFLOKI (FLOKI) $ 0.000055
  • jito-governance-tokenJito (JTO) $ 1.65
  • tezosTezos (XTZ) $ 0.501569
  • pendlePendle (PENDLE) $ 3.19
  • decentralandDecentraland (MANA) $ 0.273697
  • zcashZcash (ZEC) $ 31.88
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,713.22
  • true-usdTrueUSD (TUSD) $ 0.998497
  • coredaoorgCore (CORE) $ 0.492625
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999977
  • ethereum-name-serviceEthereum Name Service (ENS) $ 14.52
  • pyth-networkPyth Network (PYTH) $ 0.132387
  • beldexBeldex (BDX) $ 0.069688
  • pumpbtcpumpBTC (PUMPBTC) $ 81,756.00
  • spx6900SPX6900 (SPX) $ 0.497903
  • kavaKava (KAVA) $ 0.425232
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999892
  • grassGrass (GRASS) $ 1.62
  • telcoinTelcoin (TEL) $ 0.004806
  • berachain-beraBerachain (BERA) $ 4.04
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 85,643.00
  • clbtcclBTC (CLBTC) $ 85,820.00
  • dydx-chaindYdX (DYDX) $ 0.558376
  • apenftAPENFT (NFT) $ 0.00000042
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,713.94
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007332
  • dogwifcoindogwifhat (WIF) $ 0.409694
  • solayerSolayer (LAYER) $ 1.96
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.159212
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • usdbUSDB (USDB) $ 0.998070
  • elrond-erd-2MultiversX (EGLD) $ 14.28
  • thorchainTHORChain (RUNE) $ 1.14
  • ousgOUSG (OUSG) $ 110.69
  • ecasheCash (XEC) $ 0.000020
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 1,741.92
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.603235
  • ubtcuBTC (UBTC) $ 85,141.00
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  • olympusOlympus (OHM) $ 23.01
  • based-brettBrett (BRETT) $ 0.037883
  • neoNEO (NEO) $ 5.32
  • resolv-usrResolv USR (USR) $ 0.999957
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,631.46
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  • starknetStarknet (STRK) $ 0.119944
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  • wemix-tokenWEMIX (WEMIX) $ 0.749801
  • amp-tokenAmp (AMP) $ 0.003600

Ethereum Price Analysis: Is ETH Doomed to Slump to $3K After Getting Rejected at $4K?

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Ethereum Price Analysis: Is ETH Doomed to Slump to $3K After Getting Rejected at $4K?

Ethereum’s price has failed to make its way toward a new record high and is currently experiencing bearish price action, leaving market participants worried that the bull run might be over.

The asset now remains below $3,500, which has turned into a key resistance line.

Technical Analysis

By Edris Derakhshi (TradingRage)

The Daily Chart

On the daily chart, the price has entered a bullish phase since the beginning of November after rebounding from the $2,300 support level. However, the $4,000 resistance zone has rejected the market to the downside, with the $3,500 level also being lost.

Currently, it is likely for the market to drop toward the $3,000 support zone and the 200-day moving average, located around the same price mark. As long as ETH trades above the 200-day moving average, the overall market trend can be considered bullish. Otherwise, a deeper drop toward the $2,000 area could be expected.

Ethereum Price Analysis: Is ETH Doomed to Slump to $3K After Getting Rejected at $4K?

The 4-Hour Chart

Looking at the 4-hour timeframe, it is evident that the market has failed to break above the $4,000 resistance level twice, forming a clear double-top pattern.

With the neckline of the pattern, which is the $3,500 level, broken to the downside and the RSI showing bearish momentum, the market could correct more or even consolidate in the coming weeks before it is able to continue its upward trajectory.

Ethereum Price Analysis: Is ETH Doomed to Slump to $3K After Getting Rejected at $4K?

Sentiment Analysis

By Edris Derakhshi (TradingRage)

Ethereum Taker Buy Sell Ratio

While Ethereum’s price has been struggling to continue its rally and create a new all-time high, analyzing the futures market sentiment could yield helpful insights about the potential reasons behind this correction and whether it will be over soon or not.

This chart presents the Taker Buy Sell Ratio metric, which measures whether the buyers or the sellers are executing their positions more aggressively on aggregate, using market orders.

As the chart suggests, the 100-day moving average of the Taker Buy Sell Ratio has been showing values below one for over a year now, with the metric currently experiencing a massive drop. This indicates that the recent correction might be due to the selling pressure coming from the futures market rather than the spot market, and as long as the metric is trending down, it will be difficult for the market to recover.

Ethereum Price Analysis: Is ETH Doomed to Slump to $3K After Getting Rejected at $4K?

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