• bitcoinBitcoin (BTC) $ 82,298.00
  • ethereumEthereum (ETH) $ 1,881.97
  • tetherTether (USDT) $ 0.999907
  • xrpXRP (XRP) $ 2.30
  • bnbBNB (BNB) $ 602.05
  • solanaSolana (SOL) $ 126.01
  • usd-coinUSDC (USDC) $ 0.999849
  • cardanoCardano (ADA) $ 0.703461
  • dogecoinDogecoin (DOGE) $ 0.168347
  • tronTRON (TRX) $ 0.212395
  • staked-etherLido Staked Ether (STETH) $ 1,880.55
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 82,227.00
  • pi-networkPi Network (PI) $ 1.41
  • leo-tokenLEO Token (LEO) $ 9.58
  • the-open-networkToncoin (TON) $ 3.45
  • chainlinkChainlink (LINK) $ 13.35
  • usdsUSDS (USDS) $ 0.999765
  • stellarStellar (XLM) $ 0.264400
  • wrapped-stethWrapped stETH (WSTETH) $ 2,252.50
  • hedera-hashgraphHedera (HBAR) $ 0.183564
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • avalanche-2Avalanche (AVAX) $ 18.28
  • suiSui (SUI) $ 2.23
  • litecoinLitecoin (LTC) $ 90.50
  • mantra-daoMANTRA (OM) $ 6.78
  • bitcoin-cashBitcoin Cash (BCH) $ 334.25
  • polkadotPolkadot (DOT) $ 4.32
  • ethena-usdeEthena USDe (USDE) $ 0.999869
  • wethWETH (WETH) $ 1,883.57
  • bitget-tokenBitget Token (BGB) $ 4.37
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • hyperliquidHyperliquid (HYPE) $ 12.98
  • whitebitWhiteBIT Coin (WBT) $ 28.28
  • wrapped-eethWrapped eETH (WEETH) $ 2,000.08
  • moneroMonero (XMR) $ 210.44
  • uniswapUniswap (UNI) $ 6.12
  • susdssUSDS (SUSDS) $ 1.04
  • daiDai (DAI) $ 0.999625
  • aptosAptos (APT) $ 5.16
  • nearNEAR Protocol (NEAR) $ 2.51
  • okbOKB (OKB) $ 48.39
  • pepePepe (PEPE) $ 0.000007
  • mantleMantle (MNT) $ 0.810815
  • internet-computerInternet Computer (ICP) $ 5.57
  • ethereum-classicEthereum Classic (ETC) $ 17.45
  • gatechain-tokenGate (GT) $ 21.28
  • ondo-financeOndo (ONDO) $ 0.815327
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 82,343.00
  • aaveAave (AAVE) $ 164.87
  • tokenize-xchangeTokenize Xchange (TKX) $ 29.88
  • official-trumpOfficial Trump (TRUMP) $ 11.29
  • crypto-com-chainCronos (CRO) $ 0.081017
  • vechainVeChain (VET) $ 0.024235
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997726
  • bittensorBittensor (TAO) $ 241.96
  • cosmosCosmos Hub (ATOM) $ 4.62
  • kaspaKaspa (KAS) $ 0.074012
  • ethenaEthena (ENA) $ 0.357538
  • filecoinFilecoin (FIL) $ 2.84
  • celestiaCelestia (TIA) $ 3.40
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.209458
  • fasttokenFasttoken (FTN) $ 3.99
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 82,287.00
  • render-tokenRender (RENDER) $ 3.10
  • algorandAlgorand (ALGO) $ 0.185927
  • sonic-3Sonic (prev. FTM) (S) $ 0.497134
  • arbitrumArbitrum (ARB) $ 0.347857
  • arbitrum-bridged-usdt-arbitrumArbitrum Bridged USDT (Arbitrum) (USDT) $ 1.00
  • story-2Story (IP) $ 5.44
  • kucoin-sharesKuCoin (KCS) $ 11.06
  • optimismOptimism (OP) $ 0.828480
  • jupiter-exchange-solanaJupiter (JUP) $ 0.490516
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.503428
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 82,173.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,885.74
  • quant-networkQuant (QNT) $ 76.81
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,955.71
  • xdce-crowd-saleXDC Network (XDC) $ 0.067351
  • nexoNEXO (NEXO) $ 1.05
  • movementMovement (MOVE) $ 0.434262
  • makerMaker (MKR) $ 1,172.75
  • dexeDeXe (DEXE) $ 17.27
  • usual-usdUsual USD (USD0) $ 0.997818
  • immutable-xImmutable (IMX) $ 0.546189
  • worldcoin-wldWorldcoin (WLD) $ 0.830576
  • sei-networkSei (SEI) $ 0.197666
  • injective-protocolInjective (INJ) $ 9.57
  • blockstackStacks (STX) $ 0.617869
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,114.68
  • flare-networksFlare (FLR) $ 0.014962
  • binance-staked-solBinance Staked SOL (BNSOL) $ 131.44
  • the-graphThe Graph (GRT) $ 0.091359
  • theta-tokenTheta Network (THETA) $ 0.860865
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • lido-daoLido DAO (LDO) $ 0.917058
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 81,861.00
  • bonkBonk (BONK) $ 0.000010
  • paypal-usdPayPal USD (PYUSD) $ 0.999634
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,996.95
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • tether-goldTether Gold (XAUT) $ 2,985.85
  • wbnbWrapped BNB (WBNB) $ 602.54
  • eosEOS (EOS) $ 0.475270
  • galaGALA (GALA) $ 0.016231
  • tezosTezos (XTZ) $ 0.680333
  • berachain-beraBerachain (BERA) $ 6.41
  • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 1.00
  • bittorrentBitTorrent (BTT) $ 0.00000068
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 82,259.00
  • bitcoin-svBitcoin SV (BSV) $ 33.53
  • the-sandboxThe Sandbox (SAND) $ 0.271176
  • jasmycoinJasmyCoin (JASMY) $ 0.013610
  • iotaIOTA (IOTA) $ 0.173858
  • jito-governance-tokenJito (JTO) $ 2.09
  • pax-goldPAX Gold (PAXG) $ 2,998.06
  • flowFlow (FLOW) $ 0.401486
  • kaiaKaia (KAIA) $ 0.107435
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998078
  • msolMarinade Staked SOL (MSOL) $ 161.22
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,957.92
  • heliumHelium (HNT) $ 3.23
  • flokiFLOKI (FLOKI) $ 0.000059
  • neoNEO (NEO) $ 7.81
  • resolv-usrResolv USR (USR) $ 0.999863
  • ethereum-name-serviceEthereum Name Service (ENS) $ 16.13
  • curve-dao-tokenCurve DAO (CRV) $ 0.409705
  • zcashZcash (ZEC) $ 33.29
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.79
  • honey-3Honey (HONEY) $ 1.00
  • pyth-networkPyth Network (PYTH) $ 0.145133
  • kavaKava (KAVA) $ 0.480824
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 137.92
  • beldexBeldex (BDX) $ 0.074644
  • axie-infinityAxie Infinity (AXS) $ 3.18
  • elrond-erd-2MultiversX (EGLD) $ 17.74
  • true-usdTrueUSD (TUSD) $ 1.00
  • telcoinTelcoin (TEL) $ 0.005369
  • starknetStarknet (STRK) $ 0.176427
  • roninRonin (RON) $ 0.772435
  • decentralandDecentraland (MANA) $ 0.256157
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.731381
  • pumpbtcpumpBTC (PUMPBTC) $ 80,516.00
  • dydx-chaindYdX (DYDX) $ 0.611187
  • dogwifcoindogwifhat (WIF) $ 0.464563
  • raydiumRaydium (RAY) $ 1.57
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 1.00
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 1,996.33
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,881.03
  • arweaveArweave (AR) $ 6.66
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.168309
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 82,468.00
  • chilizChiliz (CHZ) $ 0.043952
  • ecasheCash (XEC) $ 0.000021
  • conflux-tokenConflux (CFX) $ 0.082517
  • clbtcclBTC (CLBTC) $ 82,674.00
  • apenftAPENFT (NFT) $ 0.00000041
  • ousgOUSG (OUSG) $ 110.33
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,882.79
  • chain-2Onyxcoin (XCN) $ 0.012365
  • usdbUSDB (USDB) $ 0.998239
  • aerodrome-financeAerodrome Finance (AERO) $ 0.509419
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.006424
  • apecoinApeCoin (APE) $ 0.501672
  • hashnote-usycHashnote USYC (USYC) $ 1.07
  • thorchainTHORChain (RUNE) $ 1.13
  • coredaoorgCore (CORE) $ 0.394807
  • infrared-beraInfrared Bera (IBERA) $ 5.74
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • lorenzo-stbtcLorenzo stBTC (STBTC) $ 81,865.00
  • grassGrass (GRASS) $ 1.38
  • spx6900SPX6900 (SPX) $ 0.404133
  • compound-governance-tokenCompound (COMP) $ 41.91
  • axelarAxelar (AXL) $ 0.398994
  • matic-networkPolygon (MATIC) $ 0.209806
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,880.51
  • olympusOlympus (OHM) $ 21.74
  • fraxFrax (FRAX) $ 0.998245
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.834765
  • tbtctBTC (TBTC) $ 82,137.00
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 1,914.17
  • aioz-networkAIOZ Network (AIOZ) $ 0.297953
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000062
  • amp-tokenAmp (AMP) $ 0.004011
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,960.88
  • pendlePendle (PENDLE) $ 2.07
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.998291
  • kaitoKAITO (KAITO) $ 1.37
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 1.00
  • akash-networkAkash Network (AKT) $ 1.30
  • based-brettBrett (BRETT) $ 0.031892
  • gnosisGnosis (GNO) $ 122.49
  • beam-2Beam (BEAM) $ 0.006024
  • mina-protocolMina Protocol (MINA) $ 0.255711
  • verus-coinVerus (VRSC) $ 3.90
  • reserve-rights-tokenReserve Rights (RSR) $ 0.005465
  • fartcoinFartcoin (FARTCOIN) $ 0.305629
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 1,859.39
  • plumePlume (PLUME) $ 0.146933
  • morphoMorpho (MORPHO) $ 1.24

Will ETH Stabilize After a 20% Weekly Crash? Ethereum Price Analysis

0 8

Will ETH Stabilize After a 20% Weekly Crash? Ethereum Price Analysis

Ethereum has been experiencing a wild crash over the last few days, breaking below several significant support levels. Investors are now wondering when this downtrend will end.

Technical Analysis

By Edris Derakhshi (TradingRage)

The Daily Chart

On the daily chart, the asset has been dropping rapidly since breaking below the 200-day moving average, located around the $2,900 mark.

The $2,700 and $2,350 levels are also broken to the downside, as the price is currently testing the $2,100 support zone. If this level also gets broken to the downside, a deeper decline toward the $1,750 level could be expected in the coming months.

Will ETH Stabilize After a 20% Weekly Crash? Ethereum Price Analysis

The 4-Hour Chart

Looking at the 4-hour chart, things are not looking good at all for ETH, as the asset has been making lower highs and lows consistently over the last couple of months.

Currently, the $2,100 support level is holding the price. A temporary recovery could be probable if ETH breaks above the $2,400 level. However, if the $2,100 area is also lost, a much worse drop would be likely for Ethereum.

Will ETH Stabilize After a 20% Weekly Crash? Ethereum Price Analysis

Sentiment Analysis

By Edris Derakhshi (TradingRage)

Open Interest

Many analysts and investors are blaming the futures market for Ethereum’s massive crash over the recent weeks. However, analyzing the open interest metric indicates this might not be the case this time.

This chart demonstrates the open interest metric, which measures the number of open futures contracts. As the chart suggests, while the price has experienced a significant drop, the open interest is not declining as it should be and is still lagging.

This indicates that the recent price action is not totally due to long liquidation cascades, and most of the selling pressure comes from the spot market. Also, it warns investors that things could get much worse in case a much bigger liquidation event occurs.

Will ETH Stabilize After a 20% Weekly Crash? Ethereum Price Analysis

Source

Leave A Reply

Your email address will not be published.