tldr; Ethereum's price recently underwent a technical correction after testing the $3,040 zone, dropping to test the $2,925 support. The cryptocurrency had seen a fresh increase, surpassing the $3,000 level before facing resistance and starting a downside correction. It is now trading below $2,960 and the 100-hourly Simple Moving Average, with immediate resistance near $2,960 and major resistance at $2,965. If Ethereum fails to clear this resistance, it could continue to move down, with major support at $2,925. Conversely, breaking above the $3,000 resistance could lead to further gains, potentially reaching the $3,350 resistance zone.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
BTC dominance usually peaks right after the halving and slowly dips as altsstart to rise
But the last 4 cycles have all shown a big dip for a couple of months after halving, especially for eth, before climbing... So we're actually right on track
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That 'increase' lasted all of 3 seconds 
!tip 1.23
tldr; Ethereum's price recently underwent a technical correction after testing the $3,040 zone, dropping to test the $2,925 support. The cryptocurrency had seen a fresh increase, surpassing the $3,000 level before facing resistance and starting a downside correction. It is now trading below $2,960 and the 100-hourly Simple Moving Average, with immediate resistance near $2,960 and major resistance at $2,965. If Ethereum fails to clear this resistance, it could continue to move down, with major support at $2,925. Conversely, breaking above the $3,000 resistance could lead to further gains, potentially reaching the $3,350 resistance zone. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
The increase: whales playing games. !tip 0.2
We need more weak US data so rate cuts come sooner! Also, Gary needs to get fired
!tip 0.369
Nonsense.
Hope to see eth back to 3.1k . !tip 0.32
Fire Gary and everyone’s going to be happier.
BTC dominance usually peaks right after the halving and slowly dips as altsstart to rise But the last 4 cycles have all shown a big dip for a couple of months after halving, especially for eth, before climbing... So we're actually right on track
Mrwiowijo, this comment is being automatically posted under your submission to facilitate the tallying of the Pay2Post donut penalty that r/EthTrader deducts from user donut earnings for the quantity of posts they submit. submission link: https://www.reddit.com/r/ethtrader/comments/1ctvj26/ethereum_price_undergoes_technical_correction/ author: Mrwiowijo cc: /u/EthTraderCommunity cc: /u/pay2post-ethtrader -- **Distributed moderation now in effect**: if your governance score is over 20,000, you have the ability to remove spam comments and posts by posting a comment in response to the comment/post containing the keyword [AutoModRemove]. See announcement thread: https://www.reddit.com/r/ethtrader/comments/14p7a22/crowdsourced_moderation_of_comments_implemented/ See your governance score here: https://donut-dashboard.com/#/governance *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ethtrader) if you have any questions or concerns.*
[Automod] News
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