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$SEI showing signs of strength after sweeping liquidity in the discount zone Price has reacted from the demand area, and a break above resistance could send it towards the $0.30 mark

Do you believe it? 📉 Next big level: 1600$ area🎯 $ETH

$VANA dropped further lower around 38% in profits, as said also buys are weak. Price now flipped the zone again forming a Inverse Head & Shoulder pattern can move higher but $6.34 area can be a rejection area.

Ethereum’s price action is at a critical juncture, with key support and resistance zones shaping its next move. Market insights highlight important Fibonacci retracement levels and potential breakout scenarios. Dollarcurrency21 notes that Ethereum is trading below the 0.5 Fibonacci retracement level at $2,581, positioning it in a discount zone. He explains that this area attracts long-term accumulation and remains a focus for traders. He points out that Ethereum is finding support around the $1,850 demand zone, a level of historical importance that has been shaping price action. If this support gives way, he cautions that a decline to $1,640 is imminent, where deep liquidity may offer short-term respite. He thinks, however, that holding support above $1,850 may be able to continue bullish momentum and avoid further losses. On the resistance side, Dollarcurrency21 identifies $2,500 and $2,800 as key price barriers. He states that an order block at $2,800 reinforces selling pressure, making it a critical point for Ethereum’s short-term movement. He explains that breaking above these levels and surpassing the Kumo Cloud could lead to a stronger uptrend with higher price targets. Traders are monitoring these resistance zones closely, as price action within this range could determine Ethereum’s next major move. BONTESA provides further analysis through a consideration of Ethereum’s historical price movements and Fibonacci retracement levels. He sees the 0.786 Fibonacci retracement at $1,572 as a level of critical support, suggesting that remaining above this region can facilitate a bounce in price. Should Ethereum fail to sustain this level, he anticipates a slide down to quarterly support of $1,073, a price previously experienced in prior market cycles. BONTESA refers to Ethereum’s pattern of experiencing steep corrections before bouncing back, noting that Fibonacci levels previously indicated turning points. He notes that previous market trends have seen the levels serve as good indicators of a reversal. He explains that the upcoming weekly sessions will be crucial in determining whether Ethereum stabilizes above support or continues its downward trajectory. He stresses that traders should focus on these Fibonacci zones to confirm the market’s next major movement. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Chainlink’s price is in a critical area, and analysts are debating whether it will be able to maintain key support. Recent price action indicates shifting momentum, and traders need to watch for breakout signals or the threat of lower prices. Ali Martinez reports that Chainlink is trading at $13.404 , down 2.83% on the weekly time frame. The asset continues to trade within a parallel channel, respecting both trendlines. Martinez highlights recent price action showing a high of $14.560 and a low of $11.839, reflecting strong volatility. Since early 2023, Chainlink has followed an upward trend, repeatedly testing the channel’s midline. He notes that a breakout above $27.500 led to a sharp pullback, driving the price toward its lower boundary. Martinez identifies a crucial support zone near this lower boundary. He states that if Chainlink fails to hold this level, the price could drop toward $10.500. He also observes that historical price data indicates previous touches at this level have resulted in strong recoveries. Holding this support zone could push Chainlink toward $17.500, with traders watching for bullish momentum signals. WSB Trader Rocko analyzes Chainlink’s 8-hour chart, where the asset recently surged 8.42% to $14.4808. He states that a breakout from consolidation signals a possible trend shift. The price rebounded from $12.43, a critical support level tested multiple times. Rocko emphasizes that rising trading volume during this move indicates strong buyer engagement. Rocko identifies key resistance levels at $17.00, $19.00, and $21.51. He explains that if Chainlink holds above the breakout zone , the next upside target aligns with the green moving average, potentially reaching $25.73. However, he warns that a drop below $12.43 could invalidate the bullish structure, increasing the risk of further declines. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.