CandleFocus Ethereum Remains Above $3,000 But Threatens To Fall
2024-11-19
Author: Content Editor
The article states that Ethereum (ETH) has fallen back above the $3,000 support and has resumed its upward trend. However, it is unlikely to see further upside for Ether as it faces another rejection at the $3,200 high. The long-term analysis for Ethereum is bullish, but there is a risk of a decline if the current support level is breached. The article also provides resistance levels at $4,000 and $4,500, as well as support levels at $3,500 and $3,000. On the four-hour chart, the price of Ether has fallen below the moving average lines, indicating a potential drop to the 2.618 Fibonacci extension level. The article concludes with a disclaimer that the analysis and forecast are the personal opinions of the author and should not be viewed as a recommendation to buy or sell cryptocurrency.
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