CryptoMediaClub
Monday, July 28, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Ethereum Drops to $3,345 While Technical Pattern Hints at Next Breakout

28.12.2024
A A
0
119
VIEWS
ShareShare

Ethereum (ETH) is trading at $3,352.70, down 1.76% over the past 24 hours, with a trading volume of $18.71 billion. Currently ranked #2 in the cryptocurrency market, Ethereum has a market capitalization of $403.88 billion and a circulating supply of 120.47 million ETH.

The price action has narrowed into a symmetrical triangle pattern, a classic technical setup that often precedes a significant price movement.

The immediate resistance at $3,350, which coincides with the triangle’s upper boundary, is critical for bullish momentum.

On the downside, support levels at $3,221 and $3,097 are key to preventing further declines. Traders are closely monitoring this narrowing range for the next breakout.

Ethereum (ETH) Price Chart – Source: Tradingview

Potential Breakout: Key Levels to Watch for Ethereum

Ethereum’s symmetrical triangle suggests a pivotal juncture. A bullish breakout above $3,350 could target $3,520 initially, with the potential to rally further toward $3,700.

This aligns with the 50-day EMA, which is currently positioned at $3,355, reinforcing the significance of overcoming this resistance level.

However, failure to break above $3,350 could trigger a bearish move, pushing Ethereum back to test the $3,221 support zone, with further declines possible toward $3,097.

The RSI is at 52, indicating neutral momentum and leaving room for movement in either direction.

Key Resistance and Support Levels

  • Immediate Resistance: $3,350
  • Next Resistance Levels: $3,520 and $3,700
  • Immediate Support: $3,221
  • Next Support Levels: $3,097 and $2,983

Ethereum Technical Indicators and Market Sentiment

The Relative Strength Index (RSI) at 52 reflects neutral market momentum, suggesting neither overbought nor oversold conditions. A break above the symmetrical triangle could signal a trend reversal, attracting bullish sentiment.

Conversely, a downward breakout may amplify selling pressure as traders look to capitalize on bearish momentum.

🚨 Ethereum at $3,352 is consolidating within a symmetrical triangle pattern.
A breakout above $3,350 could target $3,520 & $3,700, while support holds at $3,221.
Key levels to watch as volatility looms! #Ethereum #ETH #Crypto pic.twitter.com/1DOCquC41l

— Arslan Ali (@forex_arslan) December 28, 2024

Ethereum’s trading volume of $18.71 billion highlights strong market participation, underscoring the significance of the current consolidation phase.

As the price continues to oscillate within the triangle, traders anticipate heightened volatility leading to a decisive breakout in the coming days.

Conclusion

Ethereum’s symmetrical triangle pattern positions the asset at a critical crossroads. A breakout above $3,350 could unlock substantial upside potential, while a breakdown below $3,221 may open doors for further declines.

With key technical indicators suggesting neutrality, the next few days will be crucial for ETH’s trajectory.

$BEST Wallet Raises Nearly $6M: Limited Time to Buy

Best Wallet continues to make waves in the Web3 space, supporting thousands of cryptocurrencies across 50+ major blockchains, including Bitcoin and Ethereum. With user-friendly tools for buying, selling, and swapping both same- and cross-chain assets—without requiring KYC verification—the platform has become a go-to solution for crypto enthusiasts.

The $BEST token presale has now raised $5.91 million, with only 15 hours remaining before the next price increase. Tokens are currently priced at $0.023375, offering an attractive opportunity for early investors to join this fast-growing ecosystem.

Why Invest in $BEST?

  • Utility-Focused: Built for DeFi, staking, and easy token claims.
  • Expanding Ecosystem: Strategic partnerships with platforms like Pepe Unchained.
  • Engaged Community: Active participation across Twitter and Telegram.

Best Wallet is setting new benchmarks in Web3 innovation. Don’t miss this chance to secure $BEST tokens before the price increases—time is running out!

The post Ethereum Drops to $3,345 While Technical Pattern Hints at Next Breakout appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

ASIC Warns Australians Against Bitget’s “Unlicensed” Crypto Futures Offerings
All news

ASIC Warns Australians Against Bitget’s “Unlicensed” Crypto Futures Offerings

28.07.2025
0

The Australian regulator has issued a warning against crypto exchange Bitget for offering “unlicensed crypto futures products.” The Australian Securities...

Read moreDetails
Crypto Lender Divine Uses Iris-Scanning World ID to Disburse 30,000 Unsecured Loans

Crypto Lender Divine Uses Iris-Scanning World ID to Disburse 30,000 Unsecured Loans

28.07.2025
Metaplanet Buys 780 More Bitcoin, Total Now Over 17,000 BTC

Metaplanet Buys 780 More Bitcoin, Total Now Over 17,000 BTC

28.07.2025
South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

28.07.2025
Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

28.07.2025
Load More
Next Post
Dogecoin Market Cap Might Hit $100bn in 2025: Will It Attain $1?

Dogecoin Market Cap Might Hit $100bn in 2025: Will It Attain $1?

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

February 2025 Altcoin Report: IP Surges 630%, DeFi Giants Fall, and Jito Triumphs Over Solana

February 2025 Altcoin Report: IP Surges 630%, DeFi Giants Fall, and Jito Triumphs Over Solana

5 months ago
April Fools’ Jokes Drove Up Digital Asset Quotes

April Fools’ Jokes Drove Up Digital Asset Quotes

1 year ago
Solana Price Prediction as SOL Blasts Above $100 – $1,000 SOL Incoming?

Solana Price Prediction as SOL Blasts Above $100 – $1,000 SOL Incoming?

1 year ago
Everything you need to know about ETH Shapella withdrawals

Everything you need to know about ETH Shapella withdrawals

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

Bitwise CIO Bets on Bitcoin Rally in 2026, Defying 4-Year Cycle

Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

Trending

ASIC Warns Australians Against Bitget’s “Unlicensed” Crypto Futures Offerings
All news

ASIC Warns Australians Against Bitget’s “Unlicensed” Crypto Futures Offerings

28.07.2025
0

The Australian regulator has issued a warning against crypto exchange Bitget for offering “unlicensed crypto futures products.”...

Crypto Lender Divine Uses Iris-Scanning World ID to Disburse 30,000 Unsecured Loans

Crypto Lender Divine Uses Iris-Scanning World ID to Disburse 30,000 Unsecured Loans

28.07.2025
Metaplanet Buys 780 More Bitcoin, Total Now Over 17,000 BTC

Metaplanet Buys 780 More Bitcoin, Total Now Over 17,000 BTC

28.07.2025
South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

28.07.2025
Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

28.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz