with Bitcoin reaches November 2024 levelsEthereum also follows Detaety road. After falling More than 10 % last nightthe The downward trend continues at the price of ETHwith Decrease inside the day 5.04 %.
Since market fluctuations are still high, Ethereum is struggling to find strong support levels. Will this fall pushing Ethereum to less than $ 2000?
The collapse of a collapse channel on the horizon?
in Daily chartthe ETH price direction Reveal Fallen canal style. Inside the style, ETH price has decreased over 40 % from Slave above $ 4000.
Currently, eth is trading in a Market value of $ 2,380with The price of the price decreased from the lowest level of 24 hours at $ 2,319. while Short -term rejection Hints in A possible return within the channelthe Feelings of the broader market Suggest a A possible collapse.
with Two rolling candles in consecutivethe EMA 100 and 200 days lines And about to form a Cross negative. Moreover, and MACD signal lines and signal lines Give them The reflection of the direction.
Thus, and Technical numbers It indicates a Decrease a possible decrease channel. If ethereum fails to maintain the lower boundaries of the falling canal, the increase in the sale of the sale can accelerate the decrease.
Ethereum price goals
According to Fibonacci levelsthe Collapse It is likely to find Support near $ 2,224. but, Close under this level You will put 2000 dollars in risk support zone.
the Fibonacci expectations Expect a A more severe correction to $ 1740 if Channel collapsing. on Sides, Positive transformation It is possible to test 78.6 % Fibonacci level near the brand of $ 2600.
Ethereum atfs is seen $ 78.09m
on February 24the US ETHEREUM Part of the Investment Funds circulating A registered a The net flow of $ 78.09 million. outside Nine ethereum atfsFour Maintain a declining position.
Blackrock recorded an external flow of $ 48.21 millionFollow it Gray 15.45 million dollars. BitWise and Grayscale I mainly maintained a Decliningwhile ARK and 21shares after Update their net flows.
the The rest of the four traded investment funds Maintain a Net flowWhich led to Total flow.
