Ethereum price analysis indicates that sellers are starting to take control of the cryptocurrency. The $175.00 and $160.00 levels are seen as possible bearish targets. Ethereum remains vulnerable to further losses this week, with both short- and medium-term analysis pointing to more losses.
Ethereum short term price analysis shows that the cryptocurrency could fall towards the $3100.00 support level over the medium term.
ETH/USD longer-term price trend
Ethereum could see further losses this week, as the cryptocurrency struggles to attract buying interest above the $400.00 level.
Ethereum technical analysis shows that the price is starting to break below a major trendline support on the weekly time frame.
The weekly time frame shows that the ETH/USD pair is now trading under the trendline for the first time since March this year.
If bears can hold the price below the $310.00 level then the ETH/USD pair could slip towards its multi-week low of 155$
The wider bearish target for the ETH/USD pair over the medium term is likely to be the $75.00 level.
Ethereum short term price analysis shows that the cryptocurrency could fall towards the $3100.00 support level over the medium term.
ETH/USD longer-term price trend
Ethereum could see further losses this week, as the cryptocurrency struggles to attract buying interest above the $400.00 level.
Ethereum technical analysis shows that the price is starting to break below a major trendline support on the weekly time frame.
The weekly time frame shows that the ETH/USD pair is now trading under the trendline for the first time since March this year.
If bears can hold the price below the $310.00 level then the ETH/USD pair could slip towards its multi-week low of 155$
The wider bearish target for the ETH/USD pair over the medium term is likely to be the $75.00 level.
