Ethereum Price Prediction Daily (21-April): ETH Push Lower Continues! Is This The Start Of a Bear Trend?

Published: April 21, 2023|Last updated: April 21, 2023

Crypto end-of-day result

The crypto market has been selling off aggressively all day! Why is this happening and what can we expect next? We will be trying to answer all these questions and more in this Ethereum analysis.

We will be talking about the key resistance zone we are watching as well as what could happen to the ETH price soon!

To trade ETH with leverage, sign-up to Bybit right now! Bybit’s BIGGEST Bonus Campaign is now live! You can get up to a $30,000 Bonus when you fund your Bybit account with our Bybit link

Score Up to $30,050 on Bybit – Just for Trading

Start Trading

ETH $2,359 Key Resistance Zone!

ETH price analysis from a previous TA A Closer Look At The ETH Bigger Picture. The Price Is Testing This Key Level

We talked about this key zone in a previous analysis A Closer Look At The ETH Bigger Picture. The Price Is Testing This Key Level where we identified this $2,359 zone and warned our readers of the massive selling pressure that might be building up at that key zone.

Well, that $2,359 zone held strong against the Ethereum bullish rally, and right now we are beginning to see the Altcoin price sell-off after failing to push past the $2,359 zone.

So right now, the Ethereum price is facing a lot of bearish pressure, and in the coming days, we might just see the Altcoin price continue to push lower.

A bearish move like this would be putting us in a bearish trend that might last for days.

ETH Push Lower Continues! Is This The Start Of a Bear Trend? Watch this key resistance zone in the 4-hour timeframe

Final Verdict!

The Ethereum price is in a free fall after failing to break through a major resistance zone in the 4-hour timeframe.

This $2,359 key zone was well-defended by sellers and now we are seeing them try and push prices back to the $1,697 price region.

Score Up to $30,050 on Bybit – Just for Trading

Start Trading

How to Trade Bitcoin (BTC)?

To understand the basics of Bitcoin trading, you can read our How To Trade Bitcoin Guide. It can prove helpful for traders who are just getting started with Bitcoin trading. You can also check out our list of top Bitcoin Exchanges To Trade With.

PrimeXBT Covesting: Trade Hassel Free

Sign-up on PrimeXBT today to trade Bitcoin hassle-free. You can copy experienced traders and access hundreds of different strategies on the platform! Don’t forget to claim your 25% bonus by using the promo code “bitcoinsensus50” when you sign-up with our link PrimeXBT Covesting

The content provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more