Lokesh Gupta
30-05-2024
BlackRock has filed an S-1 form for their Spot Ethereum ETF.
Ethereum's price dipped below $3,800 and is nearing the key support at $3,700, suggesting a potential rebound.
ETH has consolidated for nine consecutive days, indicating a prolonged battle between bears and bulls.
The $3,700 level has served as strong support, tested multiple times in the past nine days.
Currently, ETH's price is within the 0 to 0.23 Fibonacci retracement range. Breaking above this range could push Ethereum's value beyond $4,000.
According to Coingabbar Prediction, If the market stays above $3,700 support, bulls may gain momentum, aiming for ETH to reach $4,095 resistance in the coming weeks.
If bears dominate, ETH may break below $3,700 support, possibly declining to the next support at $3,400.
KEY LEVELS :
RESISTANCE LEVEL : $3,800-$3,900
SUPPORT LEVEL : $3,660-$3,560
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Owned by:-
DCG Tech FZCO, UAE
Delivery Partner:-
Gabbar MediaTech Pvt Ltd.
Copyright © 2025 Coin Gabbar. All Rights Reserved.
