{"id":40654,"date":"2024-03-15T07:03:30","date_gmt":"2024-03-15T07:03:30","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2024\/03\/15\/ethereum-eth-price-tanks-7-8-a-day-after-dencun-upgrade-whats-the-next-support\/"},"modified":"2024-03-15T07:03:30","modified_gmt":"2024-03-15T07:03:30","slug":"ethereum-eth-price-tanks-7-8-a-day-after-dencun-upgrade-whats-the-next-support","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2024\/03\/15\/ethereum-eth-price-tanks-7-8-a-day-after-dencun-upgrade-whats-the-next-support\/","title":{"rendered":"Ethereum (ETH) Price Tanks 7.8% A Day After Dencun Upgrade, What\u2019s the Next Support?"},"content":{"rendered":"

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The world\u2019s second-largest cryptocurrency Ethereum (ETH) has come below very sturdy promoting strain a day after the profitable implementation of the Dencun upgrade<\/a>. At press time, the Ethereum (ETH) worth is down 7.8% at a worth of $3,669 with a market cap of slightly below $450 billion. Also, the day by day buying and selling quantity in Ethereum has surged by 45% to $32.29 billion.<\/p>\n

Ethereum (ETH) Price Levels to Watch Ahead<\/h3>\n

The Ethereum price<\/a> confronted resistance at the $4,000 degree and initiated a downward correction, mirroring Bitcoin\u2019s motion. ETH dipped beneath essential assist ranges at $3,920 and $3,850, signaling a short-term bearish development.<\/p>\n

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It briefly dropped beneath the $3,680 assist space, reaching a low of $3,625 earlier than consolidating losses. Currently, a major bearish development line is forming with resistance round $3,850. The major resistance ranges are close to $3,850 and the development line, near the 50% Fibonacci retracement degree from the current swing excessive at $4,083 to the low of $3,625.<\/p>\n

If the Ethereum (ETH) worth surpasses the $3,880 resistance, it could regain bullish momentum, aiming for the $4,000 degree. Conversely, failure to interrupt above $3,850 may result in additional draw back motion. Initial assist is at $3,680, adopted by a serious assist zone close to $3,600, with a possible draw back goal at $3,500. A decisive break beneath $3,500 may set off a decline towards $3,350.<\/p>\n

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