Ethereum

Resistance

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-faces-key-resistance-challenges/" data-wpel-link="internal">Ethereum Faces Key Resistance Challenges</a><br></p>
<p style="text-align: justify">In recent days, the price of <strong><a href="https://coin-turk.com/binancede-istediginiz-miktarda-eth-stake-ederek-pasif-gelir-elde-edebilirsiniz" data-wpel-link="internal">Ethereum</a></strong> has been seeking a level of balance. This situation keeps excitement alive among investors. However, it is clear that we are facing a significant test during this process: the $3,200 resistance level. So, can <a href="https://en.coin-turk.com/ethereum-price-surpasses-3000-resistance-level/" data-wpel-link="internal">Ethereum</a> withstand this pressure?</p> 
<h2 style="text-align: justify" id="ethereum-at-a-critical-level">Ethereum at a Critical Level</h2> 
<p style="text-align: justify">Recently, it has been observed that Ethereum has lost value, testing the $3,072 support region. However, in this search for balance, there seems to be a glimmer of hope in the near term. There are signs that Ethereum is experiencing a recovery wave above the $3,125 support. Yet, it seems that for a real recovery, <strong><a href="https://en.coin-turk.com/6-5-billion-dollars-worth-of-ethereum-burned-after-london-hard-fork/" data-wpel-link="internal">ETH</a></strong> needs to overcome the critical $3,200 resistance.</p> 
<p style="text-align: justify">In technical analysis, a clear rising channel formation is observed on Ethereum’s hourly chart. However, it should not be forgotten that maintaining the $3,140 support is crucial to stay within the limits of this channel. If the ETH/USD pair falls below the $3,125 support, it could trigger a downward movement.</p> 
<h2 style="text-align: justify" id="3-200-is-a-critical-resistance-for-eth">$3,200 Is a Critical Resistance for ETH</h2> 
<p style="text-align: justify">In the coming days, resistance points for Ethereum become more apparent. Especially the $3,200 resistance area stands out as a critical point. However, if Ethereum overcomes this resistance, the $3,240 level could be the next significant target. At this point, a rise towards the $3,280 level could be seen. Yet, passing this level is necessary for a real upward trend.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-344750 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/ethereum-eth-coin-turk-com-1-8.png" alt="" width="1849" height="820"></p> 
<p style="text-align: justify">Therefore, the points that need to be closely monitored for Ethereum in the coming days are becoming clear. Without surpassing the $3,200 resistance level, a true recovery may not be possible. Breaking this resistance could mean that Ethereum might target the $3,500 resistance area.</p> 
<h2 style="text-align: justify" id="if-ethereum-cannot-overcome-the-resistance">If Ethereum Cannot Overcome the Resistance</h2> 
<p style="text-align: justify">Despite recent volatility, if Ethereum cannot surpass the $3,180 resistance, it could face further declines. Currently, the first support for the downward-trending cryptocurrency is around $3,125. However, a move below this level could lead to greater losses.</p> 
<p style="text-align: justify">The first major support is positioned near $3,075. A break below this level could increase selling pressure and direct the price towards the main support area around $3,030. If this support is also broken, Ethereum could face further declines, potentially pulling back to levels around $2,880. A move below this level could drag the price to the $2,750 level in the near term.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ethereum-faces-key-resistance-challenges/" data-wpel-link="internal">Ethereum Faces Key Resistance Challenges</a></h5>

Ethereum Faces Key Resistance Challenges

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