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ethereum dropping below $3,550?? bearish trend alert 🚨, but rebound near $3,550 consolidating losses 📉,
ethereum’s price struggles below key resistance levels, with $3,550 support critical for preventing further downside: the formation of a contracting triangle around $3
Ethereum price dropped below $3,700 and may fall further if it dips below $3,550. Failure to clear $3,880 sparked a bearish wave. The price is now below $3,700 and the 100-hour moving average, forming a contracting triangle with resistance at $3,650. If it continues below $3,550, the decline could persist.📉
Ethereum’s decline below $3,880 led to a bearish trend below $3,750. However, a rebound near $3,550 occurred, consolidating losses near the 23.6% Fibonacci retracement level. The price faces resistance at $3,650 and is below the 100-hour moving average. A breakout above $3,800 is essential for potential gains towards $4,000 or even $4,050.📈
Ethereum Faces New Wave of Selling – $3,550 Support in Focus
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