Ethereum ($ETH) Faces Pressure – Bears Take Control Below 4,300 USD
Ethereum ( ETH/USDT ) is under strong selling pressure as it is currently trading around 4,299.28 USD, after failing to maintain upward momentum near the peak of 4,490 USD. Trading volume has surged, exceeding 2.4 billion USDT in the past 24 hours, indicating that the market is experiencing extremely active trading and significant volatility. The bulls have tried to defend the 4,400 USD level, but currently, the bears are dominant on the chart. If Ethereum closes below the 4,300 USD support level, it is likely that the price will continue to drop and test the support range of 4,265 – 4,200 USD in the upcoming sessions. Conversely, a sustainable recovery can only be confirmed if ETH returns above 4,400 USD accompanied by strong buying pressure. Currently, market momentum is leaning towards the bears, so traders should be cautious. Short strategies may continue to yield profits unless the bulls quickly regain control. Summary of important levels to monitor: • Support: 4,300 USD – 4,265 USD – 4,200 USD • Resistance: 4,400 USD – 4,490 USD The Ethereum market is currently in a phase of strong volatility, and investors need to closely monitor price action as well as trading volume to make informed decisions.
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Ethereum ($ETH) Faces Pressure – Bears Take Control Below 4,300 USD
Ethereum ( ETH/USDT ) is under strong selling pressure as it is currently trading around 4,299.28 USD, after failing to maintain upward momentum near the peak of 4,490 USD. Trading volume has surged, exceeding 2.4 billion USDT in the past 24 hours, indicating that the market is experiencing extremely active trading and significant volatility.
The bulls have tried to defend the 4,400 USD level, but currently, the bears are dominant on the chart. If Ethereum closes below the 4,300 USD support level, it is likely that the price will continue to drop and test the support range of 4,265 – 4,200 USD in the upcoming sessions.
Conversely, a sustainable recovery can only be confirmed if ETH returns above 4,400 USD accompanied by strong buying pressure.
Currently, market momentum is leaning towards the bears, so traders should be cautious. Short strategies may continue to yield profits unless the bulls quickly regain control.
Summary of important levels to monitor:
• Support: 4,300 USD – 4,265 USD – 4,200 USD
• Resistance: 4,400 USD – 4,490 USD
The Ethereum market is currently in a phase of strong volatility, and investors need to closely monitor price action as well as trading volume to make informed decisions.