עטהערעום פּרייס אַנאַליסיס: ETH שטעלט אַ נידעריקער הויך ביי $ 3,200, שטעלן צו פאַלן ווידער

TL; DR ברעאַקדאָוון

• עטהערעום פּרייַז אַנאַליסיס איז בייז הייַנט.
• ETH/USD peaked at $3,200 yesterday.
• Next target at $2,950 major support.

Ethereum price analysis is bearish today as we saw a lower high set over the last 24 hours and selling pressure return. Therefore, we expect ETH/USD to decline further and potentially test the $2,950 support next.

The market has seen bearish momentum return over the last 24 hours. Market leaders, Bitcoin and Ethereum, are in the red with a loss of 1.02 and 1.13 percent. Meanwhile, Terra (LUNA) is the worst performer, with a loss of over 5 percent.

Ethereum price movement in the last 24 hours: Ethereum sets lower high

ETH/USD האַנדלט אין אַ קייט פון $3,086.01 - $3,206.79, וואָס ינדיקייץ אַ מעסיק סומע פון ​​וואַלאַטילאַטי אין די לעצטע 24 שעה. די טריידינג באַנד איז דיקריסט מיט 25.64 פּראָצענט, גאַנץ $ 12.3 ביליאָן. דערווייַל, די גאַנץ מאַרק היטל טריידז אַרום $ 368.7 ביליאָן, ריזאַלטינג אין אַ מאַרק דאַמאַנאַנס פון 18.96 פּראָצענט.

ETH/USD 4-hour chart: ETH starts to decline again

On the 4-hour chart, we can see the Ethereum price declining again as bearish momentum has returned.

Ethereum price action saw strong decline last week as the market broke lower on the 5th of January. Over the weekend, ETH/USD reached a new low at $3,000, meaning a total loss of over 20 percent in less than a week.

Yesterday, bulls retraced some of the previous loss, leading to a new lower high set at $3,200. Since then, selling pressure has slowly returned, leading back below the $3,100 mark today.

Likely the Ethereum price action will continue even lower as the next major support is located at $2,950. In case ETH/USD can set a higher low, we could see reversal form over the rest of the week.

עטהערעום פּרייס אַנאַליסיס: מסקנא 

Ethereum price analysis is bearish today as we expect more downside to be tested after a lower high was set at $3,200. Likely ETH/USD will look to test further lows, with the next support located at the $2,950 mark.

בשעת ווארטן פֿאַר עטהערעום צו מאַך ווייַטער, זען אונדזער אַרטיקלען אויף קאָינבאַסע וואָלט ווס וואַללעט, קאַרדאַנאָ פּרייז פאָרויסזאָגן און קריפּטאָ שטייַער-אָנווער כאַרוואַסטינג.