This Is Why Ethereum (ETH) Risks Falling Below $3,000

BE[IN]CRYPTO11-25 03:30

MACD death cross looms, signaling rising selling pressure and a potential downward momentum for Ethereum’s price. Aroon Down Line climbs to 78.57%, confirming bearish sentiment as frequent recent ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Is Why Ethereum (ETH) Risks Falling Below $3,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-25 03:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/ethereum-price-risks-falling/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MACD death cross looms, signaling rising selling pressure and a potential downward momentum for Ethereum’s price. \nAroon Down Line climbs to 78.57%, confirming bearish sentiment as frequent recent ...</p>\n\n<a href=\"https://beincrypto.com/ethereum-price-risks-falling/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QETH","symbol_name":"Invesco Galaxy Ethereum ETF","start_time":0,"source_url":"https://beincrypto.com/ethereum-price-risks-falling/","article_id":"2486711204","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2024/09/bic_ethereum_ETF-covers_negative-850x479.jpg.webp"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486711204","pubTimestamp":1732476600,"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"MACD death cross looms, signaling rising selling pressure and a potential downward momentum for Ethereum’s price.Aroon Down Line climbs to 78.57%, confirming bearish sentiment as frequent recent lows indicate strengthening downward trends.Key support at $3,203 could break, pushing ETH to $2,970; renewed buying momentum may reverse this, driving ETH toward $3,500.Ethereum  is currently facing significant downward pressure, with its price declining by 3% over the past 24 hours. This bearish trend could push ETH’s price below the critical $3,000 price level.This analysis examines the factors contributing to this likelihood.An assessment of the ETH/USD one-day chart has revealed that the coin’s moving average convergence divergence  indicator is forming a potential death cross. As of this writing, the coin’s MACD line  is attempting to fall below its signal line .This indicator measures an asset’s price trends and momentum and identifies its potential buy or sell signals. A MACD death cros","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"QETH":"Invesco Galaxy Ethereum ETF","FETH":"Fidelity Ethereum Fund","ETHV":"Vaneck Ethereum ETF","EZET":"Franklin Ethereum Etf","ETH":"Grayscale Ethereum Mini Trust","BK4601":"加密货币现货ETF","CETH":"21Shares Core Ethereum ETF"},"translate_title":"这就是为什么以太币(ETH)有跌破3,000美元的风险","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CETH":1,"ETH":1,"ETHV":1,"EZET":1,"FETH":1,"QETH":1},"content_text":"MACD death cross looms, signaling rising selling pressure and a potential downward momentum for Ethereum’s price. \nAroon Down Line climbs to 78.57%, confirming bearish sentiment as frequent recent lows indicate strengthening downward trends. \nKey support at $3,203 could break, pushing ETH to $2,970; renewed buying momentum may reverse this, driving ETH toward $3,500.\n\nEthereum (ETH) is currently facing significant downward pressure, with its price declining by 3% over the past 24 hours. This bearish trend could push ETH’s price below the critical $3,000 price level.\nThis analysis examines the factors contributing to this likelihood.\nEthereum Sellers Re-Emerge\nAn assessment of the ETH/USD one-day chart has revealed that the coin’s moving average convergence divergence (MACD) indicator is forming a potential death cross. As of this writing, the coin’s MACD line (blue) is attempting to fall below its signal line (orange).\nThis indicator measures an asset’s price trends and momentum and identifies its potential buy or sell signals. A MACD death cross occurs when the MACD line (the shorter-term moving average) crosses below the signal line (the longer-term moving average), indicating a bearish trend or momentum reversal. This signal suggests that selling pressure is increasing, and the asset’s price could decline further.\nETH MACD. Source: TradingView\nETH’s rising Aroon Down Line confirms this strengthening bearish pressure. It currently sits at 78.57%, confirming that the decline in ETH’s price is gaining momentum.\nThe Aroon Indicator evaluates the strength of an asset’s price trend through two components: the Aroon Up line, which reflects the strength of an uptrend, and the Aroon Down line, which reflects the strength of a downtrend. A rising Aroon Down line indicates that recent lows are occurring more frequently, signaling growing bearish momentum or the start of a downtrend.\nETH Aroon Down Line. Source: TradingView\nETH Price Prediction: Key Support Level To Watch\nETH currently trades at $3,333, resting above the support formed at $3,203. This level is crucial because a decline below it will cause ETH to exchange hands under $3000. According to readings from the coin’s Fibonacci Retracement tool, the Ethereum price will drop to $2,970 if this happens.\nETH Price Analysis. Source: TradingView\nHowever, a resurgence in the demand for the leading altcoin will invalidate this bearish thesis. If this occurs, Ethereum will rally toward $3,500.\n\n\n\n\nTop crypto platforms | November 2024\n\n\n\nChainGPT\nExplore\n                      \n\n\n\n\n\nBYDFi\nNo KYC \n                      \n\n\n\n\n\nMargex\nExplore\n                      \n\n\n\n\n\nСoinex\nExplore\n                      \n\n\n\n\n\n\n\n\nTop crypto platforms | November 2024\n\n\nChainGPT\n\n\n\n\n\n\n\n\nBYDFi\n\n\n\n\n\n\n\n\nMargex\n\n\n\n\n\n\n\n\nСoinex","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486711204"}