Ethereum has buckled under the prevailing bearish, as the second-largest cryptocurrency finally loses the $3,000 psychological mark on Monday. ETH tapped the $2,900 low, a new monthly low, in the Asian session on Monday, opening the door to a $2,750 potential slump.
Unless we see a return above the $3,000 mark in the near term, ETH could record a bearish continuation in the coming days. Following its current trajectory, we could see the price plummet as far as $2,700, where the base of the short-term channel resides.
Meanwhile, my resistance levels are $3,000, $3,100, and $3,200, and my support levels are $2,900, $2,800, and $2,750.
Total Market Capitalization: $1.82 trillion
Ethereum Market Capitalization: $351.4 billion
Ethereum Dominance: 19.2%
Market Rank: #2
Unless we see a return above the $3,000 mark in the near term, ETH could record a bearish continuation in the coming days. Following its current trajectory, we could see the price plummet as far as $2,700, where the base of the short-term channel resides.
Meanwhile, my resistance levels are $3,000, $3,100, and $3,200, and my support levels are $2,900, $2,800, and $2,750.
Total Market Capitalization: $1.82 trillion
Ethereum Market Capitalization: $351.4 billion
Ethereum Dominance: 19.2%
Market Rank: #2