Ethereum dey hold above $1,500 but bearish signs still dey
Ethereum price dey hold above $1,500 support after e recent slide, e stop make the decline continue. For the last five days, ETH don trade above $1,500 but below the $1,700 swing high. The article talk say today e move down after e test $1,700, and if the bears break $1,500 get key downside risk: ETH fit fall toward $1,260.
If the support hold, ETH fit continue range above $1,500. For recovery, buyers need to reclaim the initial $1,700 barrier.
Technical analysis show say bigger downtrend dey: moving averages dey slope down, the 21-day SMA don cross below the 50-day SMA, and for the 4-hour chart price don fall below the downward-sloping moving averages. Selling pressure don return after ETH drop below the 21-day SMA.
The piece also mention larger levels (resistance at $3,500 and $4,000, and support at $2,500 and $2,000), framing Ethereum as trapped in a range rather than break out. The forecast na the author own and not investment advice.
Bearish
Di tok say di article: ETH still de above $1,500, but technical setup dey bearish. Di moving averages dey slope down and di 21-day SMA don cross under di 50-day SMA, wey show say di downtrend fit still continue. Price dey below downward-sloping averages for di 4-hour chart and selling pressure don return after di 21-day SMA break, so any rallies fit dey struggle.
For trading tori, dis resemble earlier ‘support hold but trend not fixed’ scenarios: when price respect one key level but trend indicators still negative, markets often dey chop for range before dem break decisively. Short-term, ETH fit dey oscillate between $1,500 and $1,700. Downside get upper hand if $1,500 no hold, e go open room go $1,260. For upside to follow-through, need to reclaim $1,700 and stabilize above short-term moving averages.
Longer-term, unless moving averages flatten and price fit remain above key averages, probability of more bearish pressure still higher, so traders go keep eye for confirmation around $1,500 support and $1,700 resistance.