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- Ethereum could not regain $ 3.4,000 as support during the latest attempt.
- Liquidation data showed that the price is soon ready to move below 3K.
The leadership of Ethereum (ETH) faced criticism, especially inefficiency and lack of direction.
In an informal survey, 97% of 335 voters held 51,198 ETH supported Danny Ryan, a former researcher, who will run the Ethereum Foundation.
Vitalik Buterin explained that the only decisive decision was to change the EF leadership.
Analysis of long -term metrics on the chain showed that long -term owners are safe in the ETH, and only moderate use of profits seen from the LTH Nupl metric.
This was not enough to stop the constant descent of King Altcoin in recent weeks.
Ethereum Bulls once again spoil $ 3400
Source: ETH/USDT on TraringView
In June and July 2024, $ 3.4 thousand-3,5 thousand dollars acted as an ETH support zone before resistance transferred. This area was tested at the rally in November and the return followed.
In months since then, this region has been vital.
The prevalence of more than $ 3.5 thousand in January has been quickly revealed, and the price has since made up lower and lower lowest.
Fast gain 30th and 31 January were short -term gains on the Altcoin market, but they were short -lived.
The daily RSI agreed with a teddy bear structure, with reading below 50. Also, Obl has floated around the support level from November and December.
The volume indicator was proof of customer weakness.
The 3-month heat folder for liquidation showed that moving to $ 2,850 was very likely. In the north, there were pockets of liquidity of $ 3,460 and $ 3,800, and is a magnificent cluster of $ 4.2 thousand.
The magnetic zone on and below $ 3K suggested that the shift downward was the most likely outcome in the coming days. This was in accordance with the price action in the past month.
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Liquidal thermal folder showed that $ 3K, $ 2.8 thousand and $ 2.7,000 are the following goals.
It is unclear whether all these goals will be filled in the coming weeks. The feeling around Bitcoin (BTC) was weak and the merchants should wait for more favorable conditions before they seek long.
Representation of Liability Revenue: The presented data does not represent financial, investment, trading or other types of advice and are exclusively a printer opinion
