{"id":114504,"date":"2025-11-20T13:20:23","date_gmt":"2025-11-20T13:20:23","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=114504"},"modified":"2025-11-20T13:20:23","modified_gmt":"2025-11-20T13:20:23","slug":"ethereum-price-analysis-is-2-6k-and-2-1k-next-for-eth-if-buyers-stay-quiet","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=114504","title":{"rendered":"Ethereum Price Analysis: Is $2.6K and $2.1K Next for ETH if Buyers Stay Quiet?"},"content":{"rendered":"

Ethereum continues to bleed slowly below the $3,100 level as overall crypto sentiment remains weak. After breaking down from a local distribution range, ETH has been sliding, with lower highs and lows forming consistently. Despite short-term oversold signals, buyers are still hesitant, and open interest shows a cooling derivatives market with little fresh leverage entering.<\/p>\n

Technical Analysis<\/h2>\n

By Shayan<\/p>\n

The Daily Chart<\/h3>\n

On the daily timeframe, ETH is trading just above the $3,000 support zone after breaking down from the key $3,500 supply zone. The price is still well below both the 100-day and 200-day moving averages, which confirms the bearish bias for now.<\/p>\n

Momentum has slowed, and RSI sits at 32, hovering around oversold territory. If buyers fail to hold this current support, the next major level sits around $2,600, followed by the $2,100 major low. On the flip side, reclaiming the $3,500 level would be the first sign of strength, but that would need significant volume to back it.<\/p>\n

<\/a><\/p>\n

The 4-Hour Chart<\/h3>\n

On the 4-hour chart, ETH remains inside a falling wedge pattern, a structure that typically signals a potential reversal, but so far, there\u2019s no confirmed breakout. The asset is testing the lower trendline of this wedge and trying to hold above the $3,000 zone.<\/p>\n

RSI shows a slight bullish divergence, which may result in a short-term relief bounce. But unless a clean breakout above the $3,200 highs occurs with volume, any move could be a fakeout. Overall, the lower highs and lower lows suggest bearish control remains unless proven otherwise.<\/p>\n

<\/a><\/p>\n

On-Chain Analysis<\/h2>\n

Open Interest<\/h3>\n

Open interest has dropped significantly since early November, showing a reduction in leverage across Ethereum markets. From over $30B, it has now come down closer to $18B, aligning with the recent price drop.<\/p>\n

This drop indicates traders are de-risking, closing positions, or getting liquidated. That often comes before a volatility spike, which could either be a recovery bounce or a continuation sell-off. Until the open interest experiences a sustained rise with positive price action, momentum is likely to stay muted.<\/p>\n

<\/a><\/p>\n

The post Ethereum Price Analysis: Is $2.6K and $2.1K Next for ETH if Buyers Stay Quiet?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum continues to bleed slowly below the $3,100 level as overall crypto sentiment remains weak. After breaking down from a local distribution range, ETH has been sliding, with lower highs and lows forming consistently. Despite short-term oversold signals, buyers are still hesitant, and open interest shows a cooling derivatives market with little fresh leverage entering. […]<\/p>\n","protected":false},"author":0,"featured_media":114505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-114504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/114504"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=114504"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/114504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/114505"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=114504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=114504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=114504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}