NEWSLETTER
The price of ethereum has decreased rapidly in recent weeks, and although it has apparently slowed down, a downward movement is still possible.
Technical analysis
The daily table
In the daily table, it is evident that eth has been experiencing a massive accident since it broke below the 200 -day mobile average, which is currently around the $ 3,000 brand.
Although the price has even tested the $ 2,100 support zone during the accident, it has recovered and is currently testing the level of $ 2,700 from below. If the market can claim this level and the 200 -day mobile average soon, a new bullish trend could begin. On the other hand, if it fails, the support level of $ 2,400 will be the first objective for a posterior bearish movement.
The 4 -hour table
Looking at the 4 -hour table, things look more interesting, since the asset has moved within a descending channel pattern lately.
However, the market is about to prove the highest limit of the pattern, and in the case of a break, it would probably join at least the recent important maximum of $ 2,900. On the other hand, a breakdown of the employer could lead to a rather fast fall to the region of $ 2,400.
Feelings analysis
Open interest
During the recent ethereum accident, a large number of futures operators have been liquidated and expelled from the market, and not many are willing to return and open leverage positions at this time.
This is clearly evident in the previous picture, which demonstrates the open interest metric of ethereum. It shows the total number of open futures contracts in all exchanges of perpetual futures.
As the table shows, the recent price clash has been aggravated simultaneously and has led to large liquidation waterfalls, which is shown in mass in the open interest. However, this can be a good sign, since the futures market is cooling, and a dominant purchase pressure of the spot market can lead to a recovery soon. But, of course, this depends largely on whether demand can master the supply in the spot market.ethereum-Open-Interest-All-Exchanges-All-Symbol-1-scaled.jpg” alt=”” srcset=”https://technicalterrence.com/wp-content/uploads/2025/02/Ethereum-prices-analysis-eth-faces-deeper-problems-runs-the-risk”https://technicalterrence.com/crypto/ethereum/”>ethereum-Open-Interest-All-Exchanges-All-Symbol-1-scaled.jpg 2560w, https://technicalterrence.com/wp-content/uploads/2025/02/Ethereum-prices-analysis-eth-faces-deeper-problems-runs-the-risk”https://technicalterrence.com/crypto/ethereum/”>ethereum-Open-Interest-All-Exchanges-All-Symbol-1-300×169.jpg 300w, https://technicalterrence.com/wp-content/uploads/2025/02/Ethereum-prices-analysis-eth-faces-deeper-problems-runs-the-risk”https://technicalterrence.com/crypto/ethereum/”>ethereum-Open-Interest-All-Exchanges-All-Symbol-1-1024×576.jpg 1024w, https://technicalterrence.com/wp-content/uploads/2025/02/Ethereum-prices-analysis-eth-faces-deeper-problems-runs-the-risk”https://technicalterrence.com/crypto/ethereum/”>ethereum-Open-Interest-All-Exchanges-All-Symbol-1-768×432.jpg 768w, https://technicalterrence.com/wp-content/uploads/2025/02/Ethereum-prices-analysis-eth-faces-deeper-problems-runs-the-risk”https://technicalterrence.com/crypto/ethereum/”>ethereum-Open-Interest-All-Exchanges-All-Symbol-1-1536×864.jpg 1536w, https://technicalterrence.com/wp-content/uploads/2025/02/Ethereum-prices-analysis-eth-faces-deeper-problems-runs-the-risk”https://technicalterrence.com/crypto/ethereum/”>ethereum-Open-Interest-All-Exchanges-All-Symbol-1-2048×1152.jpg 2048w, https://technicalterrence.com/wp-content/uploads/2025/02/Ethereum-prices-analysis-eth-faces-deeper-problems-runs-the-risk”https://technicalterrence.com/crypto/ethereum/”>ethereum-Open-Interest-All-Exchanges-All-Symbol-1-50×28.jpg 50w” />
The prices analysis after ethereum: eth faces deeper problems, the risks fell to $ 2.4K first appeared in cryptopotate.
