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Ethereum Price Prediction — Bearish Sentiment Allows for a Drop Below $3,700
At $3,900, Ethereum is still struggling. A return to $3,900, on the other hand, would put $4,000 levels back into play. However, avoiding the day’s $3,810 pivot will be critical.
This is Ethereum’s mid-session technical analysis (ETH). We’ll be looking at the morning session’s moves as well as today’s support, resistance, pivot levels, and Fibonacci’s. In addition, throughout the second half of the day, we will look at the EMAs and critical levels.
The Morning Session
Ethereum (ETH) was down 0.21 percent to $3,853 at the time of writing.
After a tumultuous start to the day, Ethereum rose to an early morning high of $3,909 before reversing. Ethereum fell to a mid-morning low of $3,804 after failing to break through the first significant resistance level at $3,934.
However, after avoiding the first major support level of $3,737 and the 23.6 percent FIB of $3,728, Ethereum returned to $3,890 levels before relaxing back.
A move back through the day’s pivot of $3,810 was critical in the early morning.
For the Afternoon Ahead
To bring the first major resistance level at $3,934 into play, Ethereum would need to avoid…
