NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

This Pivotal Level Could Trigger an Ethereum Correction Under $300

Nick Chong
Nick Chong
4 years ago
2 mins read
bitcoin price

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Analysts are fearful that Ethereum could drop under $300 despite strength in Bitcoin and legacy markets.

Related Reading: This European Crypto Exchange Was Just Hacked for $5 Million

Ethereum Could Move Under $300, Analysts Fear: Here’s Why

Ethereum is risking a drop under $300 due to it reaching a pivotal resistance region in the $380 region. One analyst commented on the matter:

“$ETH is likely headed to the top of this channel here at $400 and from there comes the moment of truth. I favor the RED path, but a HTF close above the RED region would force me to flip bullish. This is going to get interesting.”

Image

Chart of ETH's price action over the past few years with analysis by crypto trader Credible Crypto. Chart from TradingView.com

The aforementioned analyst isn’t the only one that fears Ethereum could soon slip under $300.

Related Reading: Here’s Why This Crypto CEO Thinks BTC Soon Hits $15,000

One trader noted that ETH’s recent price action on its daily chart looks bearish as the asset has formed a rejection. This could trigger a drop towards $240, similar to the aforementioned target. Commenting on the potential of this scenario playing out, this trader remarked:

“Actually just going to pitch straight for $240 as the target for $ETH. Rejection looking rough still on the Daily, nothing that’s changed the trade or the plan.”

Image

Chart of ETH's price action over the past few years with analysis by crypto trader Cold Blooded Shiller (@ColdBloodShill on Twitter). Chart from TradingView.com

ETH Weakness Could Crush Altcoins

Weakness in the price of ETH could crush altcoins, especially DeFi coins.

One top Bitcoin trader on BitMEX noted that ETH falling under $350 could trigger “another -25% day” across the board for DeFi tokens, which is a phenomenon last seen earlier this month:

“Super important Level for $ETH: Currently $ETH and it’s ERC20 minions seem to be leading the market, would not be surprised to see another -25% day across the board for #DeFi tokens if $ETH trades under 350.”

Image

Chart of ETH's price action over the past few weeks with analyis by crypto trader Flood (@ThinkingUSD on Twitter). Chart from TradingView.com

Over recent weeks, whenever ETH has slipped, altcoins have plunged. It appears that analysts see weakness in the price of ETH as a sign of bad things to come for altcoins, especially those based on the Ethereum network.

Related Reading: It’s “Logical” for Ethereum To Reject At Current Prices: Here’s Why
Featured Image from Shutterstock
Price tags: ethusd, ethbtc
Charts from TradingView.com
This Pivotal Level Could Trigger an Ethereum Correction Under $300
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum Weekly Chart Nears Tower Top Formation As US Launches Attack On Iran – Details

Ethereum Weekly Chart Nears Tower Top Formation As US Launches Attack On Iran – Details

Ethereum has officially broken below the long-standing range it had maintained since early May, losing the critical $2,320 support level....

Sebastian Villafuerte 1 day ago
Ethereum Charts Signal Potential Bottom – All Eyes On Next Move

Ethereum Charts Signal Potential Bottom – All Eyes On Next Move

Ethereum is once again trading at critical demand levels, testing the lower boundary of a six-week range that began forming...

Sebastian Villafuerte 2 days ago
Ethereum Prepares For A Decisive Move: ETH/BTC Setup Could Trigger Altseason

Ethereum Prepares For A Decisive Move: ETH/BTC Setup Could Trigger Altseason

Ethereum is approaching a critical test as price action tightens, setting the stage for a decisive move above key demand....

Sebastian Villafuerte 3 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum Holds Critical Support – $2,350 Level Could Define The Next Move

Ethereum Holds Critical Support – $2,350 Level Could Define The Next Move

Sebastian Villafuerte 10 hours ago
Ethereum Price Sinks 10%

Ethereum Price Slides 10% — Market Sentiment Turns Cautious

Aayush Jindal 21 hours ago
Da li se isplati ulagati u Ethereum u 2025. godini?

$312M ETH Transfer Triggers Sell-Off Fears As Ethereum Price Crashes Below Support

Scott Matherson 1 day ago

Premium Sponsors

Top Brands

Press Releases

  • Global mining has no boundaries! ETHRANSACTION supports...

    2 hours ago
  • Dogecoin Mining’s New Era: How HashJ Cloud Mining Turns...

    4 hours ago
  • ico 仮想通貨注目!Solana価格急落でもSolaxy(SOLX)ico 仮想通貨プレセール残りわずか数時間

    ico...

    4 hours ago
  • Solaxy SOLX

    ...

    4 hours ago
  • Bitcoin

    ...

    4 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.