Ethereum (ETH) Price Set to Decline Below $3,000 Due to Market Signals

Wednesday, 3 April 2024, 00:30

Ethereum price faces downward pressure as the altcoin market reaches a peak, with support levels cracking. A potential drop below $3,000 is imminent, with selling pressure escalating.
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Ethereum (ETH) Price Set to Decline Below $3,000 Due to Market Signals

Ethereum Is Set to Lose $3,000 for This Reason

Ethereum price faces downward pressure as the altcoin market reaches a peak, with support levels cracking. Despite a brief recovery attempt, the selling pressure persists, indicating an impending price decline.

ETH Price Prediction: $3,000 Here We Come?

Ethereum price, currently at $3,308, is vulnerable to further drops after breaching key support levels. A fall below $3,000 is likely unless ETH manages to defend the $3,031 level and initiate a recovery.

Source: Glassnode, Santiment


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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