{"id":12870,"date":"2022-11-28T15:53:17","date_gmt":"2022-11-28T19:53:17","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=12870"},"modified":"2022-11-28T15:53:17","modified_gmt":"2022-11-28T19:53:17","slug":"ethereum-loses-demand-zone-again-as-bears-dominate-is-700-realistic-for-investors","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/11\/28\/ethereum-loses-demand-zone-again-as-bears-dominate-is-700-realistic-for-investors\/","title":{"rendered":"Ethereum Loses Demand Zone Again As Bears Dominate \u2013 Is $700 Realistic For Investors?"},"content":{"rendered":"

ETH price losses key demand zone of $1,200 again<\/strong>
\nPrice remains weak as bears battle bulls; so much uncertainty in the market\u00a0<\/strong>
\nETH price gets rejected from a low of $1,220 on the high timeframe<\/strong><\/p>\n

The price of Ethereum (ETH) trading below $1,200 continues as the price faced rejection, breaking and trending higher to a region of $1,300 after showing from price action bouncing off from its weekly low of $1,080. <\/p>\n

In the high timeframe, the price of Ethereum (ETH) looks weak, with a probable result of a downtrend movement compared to an upside. Despite the relief bounce and uncertainty surrounding the crypto market, the FTX fiasco continues to act as a catalyst for the market to bottom out. <\/p>\n

The Domino effect of the FTX saga and other large investors has stalled the market, as it has yet to make a significant move, raising concerns about the market\u2019s direction. (Data from Binance)<\/p>\n

Ethereum (ETH) Price Analysis On The Weekly Chart<\/h2>\n

Despite the relief bounce across the market, with the price of ETH rallying from a weekly low of $1,080 to a high of $1,220, the crypto market remains uncertain and turbulent, affecting the price of Ethereum (ETH). Many altcoins are struggling for survival, trying to stay afloat as the prices of altcoins continue a downward price movement.\u00a0\u00a0<\/p>\n

With so much news of a capitulation imminent for all crypto assets coupled with the FTX and other crypto projects suffering from bankruptcy, the bottom could be in soon.<\/p>\n

ETH\u2019s price had a weekly close below a crucial area of $1,200 after showing so much strength rallying from a weekly low of $1,080 to a high of $1,220 as the price was unable to break above $1,250.\u00a0<\/p>\n

After ETH\u2019s price declined from a high of $1,220 to a region of $1,170, the price has struggled to regain such strength it has rallied to this high with more growing speculation of price retesting the region of $700.<\/p>\n

Weekly resistance for the price of ETH \u2013 $1,250.<\/p>\n

Weekly support for the price of ETH \u2013 $1,000.<\/p>\n

Price Analysis Of ETH On The Daily (1D) Chart<\/h2>\n

Daily ETH Price Chart | Source: ETHUSDT On Tradingview.com<\/a><\/p>\n

The price of BTC remains considerably weak in the daily timeframe after closing below $1,250. With ETH\u2019s price unable to break and close above $1,300, there are growing chances of price retesting the regions of $700.<\/p>\n

ETH\u2019s price currently trades at $1,174 below the 50 and 200 EMA, acting as resistance for the price of ETH from trading higher. The price of ETH needs to break above $1,400 and $1,700 for the price of ETH to kickstart the price recovery plan.<\/p>\n

Daily resistance for the ETH price \u2013 $1,400 & $1,700.<\/p>\n

Daily support for the ETH price \u2013 $1,000-$900.<\/p>\n

Featured Image From Reuters, Charts From Tradingview<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

ETH price losses key demand zone of $1,200 again<\/strong>
\nPrice remains weak as bears battle bulls; so much uncertainty in the market\u00a0<\/strong>
\nETH price gets rejected from a low of $1,220 on the high timeframe<\/strong><\/p>\n

The price of Ethereum (ETH) trading below $1,200 continues as the price faced rejection, breaking and trending higher to a region of $1,300 after showing from price action bouncing off from its weekly low of $1,080. <\/p>\n

In the high timeframe, the price of Ethereum (ETH) looks weak, with a probable result of a downtrend movement compared to an upside. Despite the relief bounce and uncertainty surrounding the crypto market, the FTX fiasco continues to act as a catalyst for the market to bottom out. <\/p>\n

The Domino effect of the FTX saga and other large investors has stalled the market, as it has yet to make a significant move, raising concerns about the market\u2019s direction. (Data from Binance)<\/p>\n

Ethereum (ETH) Price Analysis On The Weekly Chart<\/h2>\n

Despite the relief bounce across the market, with the price of ETH rallying from a weekly low of $1,080 to a high of $1,220, the crypto market remains uncertain and turbulent, affecting the price of Ethereum (ETH). Many altcoins are struggling for survival, trying to stay afloat as the prices of altcoins continue a downward price movement.\u00a0\u00a0<\/p>\n

With so much news of a capitulation imminent for all crypto assets coupled with the FTX and other crypto projects suffering from bankruptcy, the bottom could be in soon.<\/p>\n

ETH\u2019s price had a weekly close below a crucial area of $1,200 after showing so much strength rallying from a weekly low of $1,080 to a high of $1,220 as the price was unable to break above $1,250.\u00a0<\/p>\n

After ETH\u2019s price declined from a high of $1,220 to a region of $1,170, the price has struggled to regain such strength it has rallied to this high with more growing speculation of price retesting the region of $700.<\/p>\n

Weekly resistance for the price of ETH \u2013 $1,250.<\/p>\n

Weekly support for the price of ETH \u2013 $1,000.<\/p>\n

Price Analysis Of ETH On The Daily (1D) Chart<\/h2>\n

Daily ETH Price Chart | Source: ETHUSDT On Tradingview.com<\/a><\/p>\n

The price of BTC remains considerably weak in the daily timeframe after closing below $1,250. With ETH\u2019s price unable to break and close above $1,300, there are growing chances of price retesting the regions of $700.<\/p>\n

ETH\u2019s price currently trades at $1,174 below the 50 and 200 EMA, acting as resistance for the price of ETH from trading higher. The price of ETH needs to break above $1,400 and $1,700 for the price of ETH to kickstart the price recovery plan.<\/p>\n

Daily resistance for the ETH price \u2013 $1,400 & $1,700.<\/p>\n

Daily support for the ETH price \u2013 $1,000-$900.<\/p>\n

Featured Image From Reuters, Charts From Tradingview<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-12870","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/12870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=12870"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/12870\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=12870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=12870"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=12870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}