Journalist
Posted:
- ETH has stabilized at $3.5K despite an aggressive $400M sell-off.
- Here’s why $3.7K and $3.8K could be reachable in the short term.
Ethereum’s [ETH] recent sell-off hit levels last seen in 2021 peak, but the altcoin firmly held above $3.5K.
According to CryptoQuant, the ETH monthly average sell-off hit $400 million in negative net taker volume, rivaling the selling pressure experienced when the altcoin peaked at $4.8K last cycle.
Source: CryptoQuant
Ethereum rally: $3.5K support
However, analysts believe the altcoin could be far from peaking this cycle. Since late November, ETH has held above the $3.5K support level, and the recent aggressive sell-off was halted at this level.
This has reinforced the $3.5K level as a key short-term support for ETH’s potential upside move.
Source: ETH/USDT, TradingView
Market analyst Eugene Ah Sio shared a similar outlook but warned that a drop below $3.5K could dent market sentiment on the ETH and the overall altcoin market.
Marking key support levels for top majors (BTC, ETH, SOL), he said,
“94k/3.5k/200. These are the levels I think market has established as key support levels. Lose this and all of a sudden holding alts in your pf don’t seem like a good idea anymore. Hold these levels and it’s still game on.”
That said, the demand from US spot ETH ETFs remained strong, despite apparent profit-taking for some holders. On the 10th of December, the products logged $305.74M in daily inflows.
Source: Soso Value
This marked twelve consecutive days of inflows, reinforcing a strong bounce above $3.5K.
So, how far can ETH price go from this support? The Hyblock liquidation heatmap data offers insights into key short-term levels that ETH could target.
According to the latest liquidation levels, which show a high concentration of leveraged positions, the immediate upside levels are $3.69K and $3.72K. Other targets include $3.8K, $3.9K, and $4K.
These are leveraged short positions that could attract price through a liquidity hunt. The leveraged positions at $3.5K have been tapped, increasing the odds of ETH reaching these upside liquidity levels.
Read Ethereum [ETH] Price Prediction 2024-2025
Source: Hyblock
On the lower side, two more liquidity levels, $3.4K and $3.38K, were present. If ETH slips lower, these could be the next key support.
Journalist
Posted:
- ETH has stabilized at $3.5K despite an aggressive $400M sell-off.
- Here’s why $3.7K and $3.8K could be reachable in the short term.
Ethereum’s [ETH] recent sell-off hit levels last seen in 2021 peak, but the altcoin firmly held above $3.5K.
According to CryptoQuant, the ETH monthly average sell-off hit $400 million in negative net taker volume, rivaling the selling pressure experienced when the altcoin peaked at $4.8K last cycle.
Source: CryptoQuant
Ethereum rally: $3.5K support
However, analysts believe the altcoin could be far from peaking this cycle. Since late November, ETH has held above the $3.5K support level, and the recent aggressive sell-off was halted at this level.
This has reinforced the $3.5K level as a key short-term support for ETH’s potential upside move.
Source: ETH/USDT, TradingView
Market analyst Eugene Ah Sio shared a similar outlook but warned that a drop below $3.5K could dent market sentiment on the ETH and the overall altcoin market.
Marking key support levels for top majors (BTC, ETH, SOL), he said,
“94k/3.5k/200. These are the levels I think market has established as key support levels. Lose this and all of a sudden holding alts in your pf don’t seem like a good idea anymore. Hold these levels and it’s still game on.”
That said, the demand from US spot ETH ETFs remained strong, despite apparent profit-taking for some holders. On the 10th of December, the products logged $305.74M in daily inflows.
Source: Soso Value
This marked twelve consecutive days of inflows, reinforcing a strong bounce above $3.5K.
So, how far can ETH price go from this support? The Hyblock liquidation heatmap data offers insights into key short-term levels that ETH could target.
According to the latest liquidation levels, which show a high concentration of leveraged positions, the immediate upside levels are $3.69K and $3.72K. Other targets include $3.8K, $3.9K, and $4K.
These are leveraged short positions that could attract price through a liquidity hunt. The leveraged positions at $3.5K have been tapped, increasing the odds of ETH reaching these upside liquidity levels.
Read Ethereum [ETH] Price Prediction 2024-2025
Source: Hyblock
On the lower side, two more liquidity levels, $3.4K and $3.38K, were present. If ETH slips lower, these could be the next key support.
Balanset-1A: Balancing made easy and applicable
Rotor imbalance is a frequent cause of equipment failures, second only to bearing wear in frequency. Imbalance can arise from temperature fluctuations . While replacing bearings is often the only solution for wear, rotor imbalance can be corrected on-site through balancing, a procedure that is part of vibration adjustment .
Traditionally, this process necessitated complex and expensive vibration analyzers operated by highly qualified specialists. However, Vibromera has developed the Balanset-1A, a device designed to simplify on-site rotor balancing, making it accessible even to personnel with minimal training, including maintenance services .
The core philosophy of Balanset-1A is simple: rotor balancing should be achievable on-site, by anyone, without extensive knowledge and without exorbitant costs. Instead of being a secondary function of a complex vibration analyzer, balancing is the primary focus of Balanset-1A. While it includes a basic built-in vibration signal analyzer to detect imbalance and other primary defects, its main goal is simplified and comfortable balancing.
This focus provides significant advantages. Balanset-1A is designed for simplicity , allowing users to promptly and efficiently eliminate rotor imbalance. This user-friendliness enables operational staff to take proactive measures in maintaining equipment functionality.
Additionally, Vibromera has made the Balanset-1A exceptionally affordable. Priced at just €1751 , it offers excellent value for money, especially considering the complete package.
The complete package includes:
With this complete package, users have everything needed to perform both single-plane and two-plane balancing without additional preparation . This eliminates the need to purchase extra parts and simplifies the setup process.
In conclusion, the Balanset-1A represents a important step forward in making rotor balancing straightforward . With an emphasis on ease of use and offering a comprehensive and budget-friendly solution, Vibromera empowers maintenance teams to effectively eliminate rotor imbalance, ultimately enhancing durability and reducing downtime. The Balanset-1A proves that with the necessary tools, even challenging maintenance tasks can be made easy and understandable by everyone .
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