{"id":32262,"date":"2025-06-17T13:16:55","date_gmt":"2025-06-17T13:16:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=32262"},"modified":"2025-06-17T13:16:55","modified_gmt":"2025-06-17T13:16:55","slug":"ethereum-price-analysis-whats-next-for-eth-after-8-weekly-drop","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=32262","title":{"rendered":"Ethereum Price Analysis: What\u2019s Next for ETH After 8% Weekly Drop?"},"content":{"rendered":"
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Ethereum is currently exhibiting bearish behavior, highlighted by a divergence between price action and the RSI indicator. The market appears to be in a consolidation phase, with a decisive breakout likely to determine the next significant move.<\/p>\n

Technical Analysis<\/h2>\n

By ShayanMarkets<\/p>\n

The Daily Chart<\/h3>\n

ETH remains stuck in a consolidation phase, trading just beneath the critical $2.8K resistance zone and the 200-day moving average. The price action within this area has lacked upward strength, with the market gradually forming an ascending flag pattern. The range is clearly defined by resistance at $2.8K and support near the $2.4K demand zone.<\/p>\n

A clear bearish divergence has developed between the price and the RSI, signaling weakening bullish momentum and a growing presence of sellers. This divergence suggests that the current rally may be losing steam, potentially leading to a deeper correction.<\/p>\n

Ethereum has already lost support at the 200-day MA and is now on track to retest the lower boundary of the flag near $2.4K. A decisive breakout from this structure is likely to shape the next major move.\"\"<\/a><\/p>\n

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

In the lower timeframe, Ethereum has been repeatedly rejected from the flag\u2019s upper boundary around $2.8K, which has proven to be a strong resistance zone. These rejections have led to a sharp retracement toward the lower edge of the flag. After reaching support near $2.4K, Ethereum rebounded slightly, retracing back into the 0.5\u20130.618 Fibonacci region between $2.6K and $2.7K, commonly considered a technical correction zone.<\/p>\n

This retracement likely represents a pause before another bearish push. With selling pressure mounting, another move toward the $2.4K level is anticipated. If Ethereum fails to hold this crucial support and breaks below the flag\u2019s lower boundary, it could confirm the beginning of a broader corrective phase.\"\"<\/a><\/p>\n

Onchain Analysis<\/h2>\n

By ShayanMarkets<\/p>\n

The Binance liquidation heatmap continues to shed light on Ethereum\u2019s current market behavior and possible next moves. After a sharp push upward, ETH touched the $2.8K level, a zone packed with short liquidation levels. This move triggered a wave of forced short closures, flushing liquidity, and fueling the rally.<\/p>\n

Historically, during recovery phases or when bullish sentiment strengthens, markets often seek out these high-liquidity areas. Institutional players and smart money tend to exploit them, using forced liquidations to drive price momentum.<\/p>\n

At present, Ethereum has pulled back and is stabilizing above the $2.4K support zone. However, the heatmap shows a notable liquidation cluster below this level, implying increased vulnerability to a downside sweep. This could attract strategic moves by large players aiming to trigger stop-hunts or accumulate at better prices.<\/p>\n

In the short term, the $2.4K support remains a key level to watch. If it holds, a rebound could follow. If it breaks, expect a liquidity-driven dip toward the next cluster of stops lying just below.\"\"<\/a><\/p>\n

\u00a0<\/p>\n

The post Ethereum Price Analysis: What\u2019s Next for ETH After 8% Weekly Drop?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum is currently exhibiting bearish behavior, highlighted by a divergence between price action and the RSI indicator. The market appears to be in a consolidation phase, with a decisive breakout likely to determine the next significant move. Technical Analysis By ShayanMarkets The Daily Chart ETH remains stuck in a consolidation phase, trading just beneath the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-32262","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32262"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32262\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}