• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Market & Analysis

Can ETH Bounce Back From $2,550?

n70products by n70products
August 20, 2024
in Market & Analysis
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Ethereum worth began a pullback from the $2,680 resistance. ETH is now declining and stays prone to extra downsides if it fails to remain above $2,550.

  • Ethereum began a contemporary decline beneath the $2,650 degree.
  • The worth is buying and selling beneath $2,680 and the 100-hourly Easy Shifting Common.
  • There’s a key bullish pattern line forming with assist at $2,610 on the hourly chart of ETH/USD (information feed by way of Kraken).
  • The pair might lengthen losses if it drops beneath the $2,550 assist zone.

Ethereum Worth Reveals Indicators of Weak point

Ethereum worth tried to realize tempo for a transfer above the $2,680 degree. Nonetheless, ETH did not proceed greater and began a contemporary decline beneath $2,650 like Bitcoin.

There was a break beneath the 23.6% Fib retracement degree of the upward transfer from the $2,514 swing low to the $2,682 excessive. The worth even slipped beneath the 100-hourly Simple Moving Average. Nonetheless, the bulls at the moment are energetic close to the $2,620 degree.

Ethereum worth is now buying and selling beneath $2,650 and the 100-hourly Easy Shifting Common. There may be additionally a key bullish pattern line forming with assist at $2,610 on the hourly chart of ETH/USD.

Ethereum Price
Supply: ETHUSD on TradingView.com

If there may be one other enhance, the worth may face hurdles close to the $2,650 degree. The primary main resistance is close to the $2,680 degree. An in depth above the $2,680 degree may ship Ether towards the $2,720 resistance. The following key resistance is close to $2,720. An upside break above the $2,720 resistance may ship the worth greater towards the $2,880 resistance zone within the close to time period.

Extra Losses In ETH?

If Ethereum fails to clear the $2,680 resistance, it might proceed to maneuver down. Preliminary assist on the draw back is close to $2,620. The primary main assist sits close to the $2,600 zone or the 50% Fib retracement degree of the upward transfer from the $2,514 swing low to the $2,682 excessive.

A transparent transfer beneath the $2,600 assist may push the worth towards $2,550 the place the bulls might emerge. Any extra losses may ship the worth towards the $2,500 assist degree within the close to time period. The following key assist sits at $2,440.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum within the bearish zone.

Hourly RSI – The RSI for ETH/USD is now beneath the 50 zone.

Main Assist Stage – $2,600

Main Resistance Stage – $2,680



Source link

Tags: BounceETH
Previous Post

Ethereum vs Solana: Which coin should you choose for long term gains?

Next Post

Crypto Report Says Bitcoin Is In A Liquidity Crisis, Here’s Why

Next Post

Crypto Report Says Bitcoin Is In A Liquidity Crisis, Here’s Why

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Bitcoin Price Flashes Golden Cross That Only Happens Once Every Cycle, What To Expect

Bitcoin Price Flashes Golden Cross That Only Happens Once Every Cycle, What To Expect

April 29, 2025

Kitely doubles region performance, keeps prices the same – Hypergrid Business

August 5, 2024
Trader Michaël van de Poppe Says Ethereum Flashing Massive Bullish Signal, Updates Outlook on Bitcoin and Sei

Trader Michaël van de Poppe Says Ethereum Flashing Massive Bullish Signal, Updates Outlook on Bitcoin and Sei

November 7, 2024

Recents

Bitcoin Sharpe Ratio Says It’s Time For ‘Cautious Optimism’ — Further Upside Growth Incoming?

Bitcoin Sharpe Ratio Says It’s Time For ‘Cautious Optimism’ — Further Upside Growth Incoming?

June 1, 2025
Major crypto hacks fell 40% in May, says PeckShield

Major crypto hacks fell 40% in May, says PeckShield

June 1, 2025
XRP Multi-Timeframe Breakdown: Here’s What Comes Next

XRP Multi-Timeframe Breakdown: Here’s What Comes Next

June 1, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high hits Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version