Ethereum is experiencing a slight increase of 2.69% Has the downtrend ended?
hive-167922·@robert.stanberry·
1.587 HBDEthereum is experiencing a slight increase of 2.69% Has the downtrend ended?
<center> https://img.leopedia.io/DQmUXw9DA4hmEx51R4CfDfohGTjqhkfnfXkg3hUukMUv4hA/caricature-1763290052794.png </center> **Ethereum (ETH)** has seen a recent increase of **2.69%** during the latest trading sessions bringing its current price to approximately **$3,233** This movement reflects a modest recovery in the cryptocurrency market amid ongoing volatility, with investors closely monitoring market trends and available liquidity. <div align="center">https://img.leopedia.io/DQmdaoSpa5LkjqjK64TsAy31grEJ8twoeA79K78KaD69AR1/screenshot.png</div> <div align="center">https://img.leopedia.io/DQmZ1kUD8fi6PmqUHCEGFd4TNjPyhPEd3PttUxjSAGrFdP9/26uUsAjKTsXCDw7zixZR182JbFKvgzJ9YwsFpTVcRaGCmsqhA1unTgprLKXVpyxy9hnBGXXFb4tUXeEHoxiLYfswHMo9fZmQMeBEo6MiW7fZc4NPU4RZYjua3WhMC1TAExTqFR1UrLHoCkUmgfef6JrPs5uxvrWGntbcML.png</div> ## Ethereum’s Market Performance Despite the recent gains Ethereum still faces **selling pressure** due to several factors: 1. **Market sentiment volatility:** Individual and institutional investors remain cautious following recent corrections in Bitcoin and other altcoins. 2. **Impact of global economic policies:** Weak expectations for U.S. interest rate cuts make investors more wary of high-risk assets. 3. **Activity in DeFi projects and smart contracts:** Ongoing activity in these areas continues to support short-term demand for Ethereum. --- ## Technical Factors From a technical perspective Ethereum: - Faces a resistance level around **≈ $3,243** which must be breached to sustain further upward movement. - Has a strong support level around **≈ $3,134** potentially providing a base for a rebound if prices decline. - Technical indicators such as RSI and MACD show signs of **reducing selling pressure** explaining the slight price increase. --- ## Market Outlook Ethereum is expected to trade within a range of **≈ $3,134 – $3,243** in the coming days, with a possible upward correction if liquidity and institutional support continue. However the market remains **highly volatile** requiring close attention to global economic news and investor sentiment changes. --- ## Conclusion Ethereum’s **2.69% increase** and current price of **≈ $3,233** indicate **relative stability amid overall market fluctuations**. Continued activity in DeFi projects and improving investor sentiment could support a modest upward trend but caution is advised due to the market’s sensitivity to global economic events and liquidity conditions. ___ <center> https://img.leopedia.io/DQmZ1kUD8fi6PmqUHCEGFd4TNjPyhPEd3PttUxjSAGrFdP9/26uUsAjKTsXCDw7zixZR182JbFKvgzJ9YwsFpTVcRaGCmsqhA1unTgprLKXVpyxy9hnBGXXFb4tUXeEHoxiLYfswHMo9fZmQMeBEo6MiW7fZc4NPU4RZYjua3WhMC1TAExTqFR1UrLHoCkUmgfef6JrPs5uxvrWGntbcML.png </center> <div align="center">https://img.leopedia.io/DQmeM7vv5PrHVZypJVKszrdUyma9cw1B7cY4gPbqqnM6svf/Picsart_25-11-09_11-47-12-449.jpg</div> <center> https://img.leopedia.io/DQmQ794u26pyocE95oBHuSU6wsvVJbrkzibJq1Y1mUpzQ4p/White%20Modern%20Blogger%20YouTube%20Channel%20Art_20251107_151710_0000.png </center> Posted Using [INLEO](https://inleo.io/@robert.stanberry/ethereum-is-experiencing-a-slight-increase-of-269-has-the-downtrend-ended-jm8)
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