Ethereum is still struggling after the initial market crash on October 10 that rocked the market. The subsequent market declines have pushed the largest altcoin by market cap toward $3,000, breaking below it for the first time at the start of the week. With the price looking to find support, there is the possibility of a dead count bounce happening that could see the price rise by more than 10%. However, with a dead count bounce being ultimately bearish, the target remains much lower. Why Ethereum Could Be Headed Lower Crypto analyst TradingShot, in a recent analysis, outlined how the Ethereum price looks to be caught in a bearish trend since early October. This had first begun after the altcoin put in a new all-time high just above $4,900 before being hit hard in the October 10 market-wide crash. Related Reading: Dogecoin Price Could Surge Above $1 As It Repeats This Trend From 2023-2024 Since then, the digital asset has been caught within a Channel Down. This Channel Down is what triggered the double-digit decline that has been recorded for the altcoin since then. As the crypto analyst explains, the Ethereum price has seen a 27.50% decline on both of its bearish legs since this trend was established. Recently, though, there has been a small turn in the tide after the price dropped below $3,000, and this happened after Ethereum formed higher lows on the 1-Day RSI. Mostly, this is bullish for the cryptocurrency’s price, but the catch is that it is likely only going to be so for the short term. If the bullish divergence does play out as expected, then the Ethereum price is definitely set for some recovery. TradingShot believes that this recovery could bring the ETH price up by 10%, pushing it up to $3,400 before the bears step back in again. However, the overall trend still remains bearish, and this could act as a hindrance to this recovery. Once the bears mount enough resistance to stop the rally in its tracks, it is expected that the decline will resume. If this plays out, then it could mean that the recovery was only a dead cat bounce. Related Reading: Here’s Why The Bitcoin Price Keeps Crashing- Is $80,000 Next? This $3,400 level lies at the 1-Day MA50, which is important because it was the point of rejection back on October 27. Last time, it led to a 27.50% crash for the Ethereum price. This time, once the sell-offs begin again, the crypto analyst believes that this could trigger a sharp crash below $3,000. The timeframe for this ranges from the end of November to the start of December, giving it only a couple of weeks to play out. The crash is expected to push Ethereum down to $2,650 before finding a bottom, marking a new lower low. Featured image from Dall.E, chart from TradingView.comEthereum is still struggling after the initial market crash on October 10 that rocked the market. The subsequent market declines have pushed the largest altcoin by market cap toward $3,000, breaking below it for the first time at the start of the week. With the price looking to find support, there is the possibility of a dead count bounce happening that could see the price rise by more than 10%. However, with a dead count bounce being ultimately bearish, the target remains much lower. Why Ethereum Could Be Headed Lower Crypto analyst TradingShot, in a recent analysis, outlined how the Ethereum price looks to be caught in a bearish trend since early October. This had first begun after the altcoin put in a new all-time high just above $4,900 before being hit hard in the October 10 market-wide crash. Related Reading: Dogecoin Price Could Surge Above $1 As It Repeats This Trend From 2023-2024 Since then, the digital asset has been caught within a Channel Down. This Channel Down is what triggered the double-digit decline that has been recorded for the altcoin since then. As the crypto analyst explains, the Ethereum price has seen a 27.50% decline on both of its bearish legs since this trend was established. Recently, though, there has been a small turn in the tide after the price dropped below $3,000, and this happened after Ethereum formed higher lows on the 1-Day RSI. Mostly, this is bullish for the cryptocurrency’s price, but the catch is that it is likely only going to be so for the short term. If the bullish divergence does play out as expected, then the Ethereum price is definitely set for some recovery. TradingShot believes that this recovery could bring the ETH price up by 10%, pushing it up to $3,400 before the bears step back in again. However, the overall trend still remains bearish, and this could act as a hindrance to this recovery. Once the bears mount enough resistance to stop the rally in its tracks, it is expected that the decline will resume. If this plays out, then it could mean that the recovery was only a dead cat bounce. Related Reading: Here’s Why The Bitcoin Price Keeps Crashing- Is $80,000 Next? This $3,400 level lies at the 1-Day MA50, which is important because it was the point of rejection back on October 27. Last time, it led to a 27.50% crash for the Ethereum price. This time, once the sell-offs begin again, the crypto analyst believes that this could trigger a sharp crash below $3,000. The timeframe for this ranges from the end of November to the start of December, giving it only a couple of weeks to play out. The crash is expected to push Ethereum down to $2,650 before finding a bottom, marking a new lower low. Featured image from Dall.E, chart from TradingView.com

Ethereum Dead Cat Bounce Puts Price At $3,400, But What’s The Ultimate Target?

2025/11/21 19:30
3 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Ethereum is still struggling after the initial market crash on October 10 that rocked the market. The subsequent market declines have pushed the largest altcoin by market cap toward $3,000, breaking below it for the first time at the start of the week. With the price looking to find support, there is the possibility of a dead count bounce happening that could see the price rise by more than 10%. However, with a dead count bounce being ultimately bearish, the target remains much lower.

Why Ethereum Could Be Headed Lower

Crypto analyst TradingShot, in a recent analysis, outlined how the Ethereum price looks to be caught in a bearish trend since early October. This had first begun after the altcoin put in a new all-time high just above $4,900 before being hit hard in the October 10 market-wide crash.

Since then, the digital asset has been caught within a Channel Down. This Channel Down is what triggered the double-digit decline that has been recorded for the altcoin since then. As the crypto analyst explains, the Ethereum price has seen a 27.50% decline on both of its bearish legs since this trend was established.

Recently, though, there has been a small turn in the tide after the price dropped below $3,000, and this happened after Ethereum formed higher lows on the 1-Day RSI. Mostly, this is bullish for the cryptocurrency’s price, but the catch is that it is likely only going to be so for the short term.

If the bullish divergence does play out as expected, then the Ethereum price is definitely set for some recovery. TradingShot believes that this recovery could bring the ETH price up by 10%, pushing it up to $3,400 before the bears step back in again.

Ethereum price

However, the overall trend still remains bearish, and this could act as a hindrance to this recovery. Once the bears mount enough resistance to stop the rally in its tracks, it is expected that the decline will resume. If this plays out, then it could mean that the recovery was only a dead cat bounce.

This $3,400 level lies at the 1-Day MA50, which is important because it was the point of rejection back on October 27. Last time, it led to a 27.50% crash for the Ethereum price. This time, once the sell-offs begin again, the crypto analyst believes that this could trigger a sharp crash below $3,000.

The timeframe for this ranges from the end of November to the start of December, giving it only a couple of weeks to play out. The crash is expected to push Ethereum down to $2,650 before finding a bottom, marking a new lower low.

Ethereum price chart from Tradingview.com
Market Opportunity
Simons Cat Logo
Simons Cat Price(CAT)
$0.00000177
$0.00000177$0.00000177
+1.25%
USD
Simons Cat (CAT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Navigating The Critical Geopolitical Risks And Hormuz Bottleneck – Rabobank Analysis

Navigating The Critical Geopolitical Risks And Hormuz Bottleneck – Rabobank Analysis

The post Navigating The Critical Geopolitical Risks And Hormuz Bottleneck – Rabobank Analysis appeared on BitcoinEthereumNews.com. Oil Market Alert: Navigating
Share
BitcoinEthereumNews2026/03/12 06:20
Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals

Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals

BitcoinWorld Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals The financial world often keeps us on our toes, and Wednesday was no exception. Investors watched closely as the US stock market concluded the day with a mixed performance across its major indexes. This snapshot offers a crucial glimpse into current investor sentiment and economic undercurrents, prompting many to ask: what exactly happened? Understanding the Latest US Stock Market Movements On Wednesday, the closing bell brought a varied picture for the US stock market. While some indexes celebrated gains, others registered slight declines, creating a truly mixed bag for investors. The Dow Jones Industrial Average showed resilience, climbing by a notable 0.57%. This positive movement suggests strength in some of the larger, more established companies. Conversely, the S&P 500, a broader benchmark often seen as a barometer for the overall market, experienced a modest dip of 0.1%. The technology-heavy Nasdaq Composite also saw a slight retreat, sliding by 0.33%. This particular index often reflects investor sentiment towards growth stocks and the tech sector. These divergent outcomes highlight the complex dynamics currently at play within the American economy. It’s not simply a matter of “up” or “down” for the entire US stock market; rather, it’s a nuanced landscape where different sectors and company types are responding to unique pressures and opportunities. Why Did the US Stock Market See Mixed Results? When the US stock market delivers a mixed performance, it often points to a tug-of-war between various economic factors. Several elements could have contributed to Wednesday’s varied closings. For instance, positive corporate earnings reports from certain industries might have bolstered the Dow. At the same time, concerns over inflation, interest rate policies by the Federal Reserve, or even global economic uncertainties could have pressured growth stocks, affecting the S&P 500 and Nasdaq. Key considerations often include: Economic Data: Recent reports on employment, manufacturing, or consumer spending can sway market sentiment. Corporate Announcements: Strong or weak earnings forecasts from influential companies can significantly impact their respective sectors. Interest Rate Expectations: The prospect of higher or lower interest rates directly influences borrowing costs for businesses and consumer spending, affecting future profitability. Geopolitical Events: Global tensions or trade policies can introduce uncertainty, causing investors to become more cautious. Understanding these underlying drivers is crucial for anyone trying to make sense of daily market fluctuations in the US stock market. Navigating Volatility in the US Stock Market A mixed close, while not a dramatic downturn, serves as a reminder that market volatility is a constant companion for investors. For those involved in the US stock market, particularly individuals managing their portfolios, these days underscore the importance of a well-thought-out strategy. It’s important not to react impulsively to daily movements. Instead, consider these actionable insights: Diversification: Spreading investments across different sectors and asset classes can help mitigate risk when one area underperforms. Long-Term Perspective: Focusing on long-term financial goals rather than short-term gains can help weather daily market swings. Stay Informed: Keeping abreast of economic news and company fundamentals provides context for market behavior. Consult Experts: Financial advisors can offer personalized guidance based on individual risk tolerance and objectives. Even small movements in major indexes can signal shifts that require attention, guiding future investment decisions within the dynamic US stock market. What’s Next for the US Stock Market? Looking ahead, investors will be keenly watching for further economic indicators and corporate announcements to gauge the direction of the US stock market. Upcoming inflation data, statements from the Federal Reserve, and quarterly earnings reports will likely provide more clarity. The interplay of these factors will continue to shape investor confidence and, consequently, the performance of the Dow, S&P 500, and Nasdaq. Remaining informed and adaptive will be key to understanding the market’s trajectory. Conclusion: Wednesday’s mixed close in the US stock market highlights the intricate balance of forces influencing financial markets. While the Dow showed strength, the S&P 500 and Nasdaq experienced slight declines, reflecting a nuanced economic landscape. This reminds us that understanding the ‘why’ behind these movements is as important as the movements themselves. As always, a thoughtful, informed approach remains the best strategy for navigating the complexities of the market. Frequently Asked Questions (FAQs) Q1: What does a “mixed close” mean for the US stock market? A1: A mixed close indicates that while some major stock indexes advanced, others declined. It suggests that different sectors or types of companies within the US stock market are experiencing varying influences, rather than a uniform market movement. Q2: Which major indexes were affected on Wednesday? A2: On Wednesday, the Dow Jones Industrial Average gained 0.57%, while the S&P 500 edged down 0.1%, and the Nasdaq Composite slid 0.33%, illustrating the mixed performance across the US stock market. Q3: What factors contribute to a mixed stock market performance? A3: Mixed performances in the US stock market can be influenced by various factors, including specific corporate earnings, economic data releases, shifts in interest rate expectations, and broader geopolitical events that affect different market segments uniquely. Q4: How should investors react to mixed market signals? A4: Investors are generally advised to maintain a long-term perspective, diversify their portfolios, stay informed about economic news, and avoid impulsive decisions. Consulting a financial advisor can also provide personalized guidance for navigating the US stock market. Q5: What indicators should investors watch for future US stock market trends? A5: Key indicators to watch include upcoming inflation reports, statements from the Federal Reserve regarding monetary policy, and quarterly corporate earnings reports. These will offer insights into the future direction of the US stock market. Did you find this analysis of the US stock market helpful? Share this article with your network on social media to help others understand the nuances of current financial trends! To learn more about the latest stock market trends, explore our article on key developments shaping the US stock market‘s future performance. This post Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 05:30
Is Binance’s CZ Really Richer than Bill Gates?

Is Binance’s CZ Really Richer than Bill Gates?

Changpeng Zhao ranked above Bill Gates on the 2026 Forbes billionaires list, but he says the figures are wrong.
Share
CryptoPotato2026/03/12 06:13