• 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

Ethereum Price Next Move Hinges on Clearing This Crucial Hurdle

n70products by n70products
October 4, 2024
in Market & Analysis
0
Ethereum Price Next Move Hinges on Clearing This Crucial Hurdle
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

Ethereum worth prolonged its decline under the $2,350 degree. ETH is now recovering from losses and faces a significant hurdle close to the $2,300 zone.

  • Ethereum declined additional and traded under the $2,350 zone.
  • The worth is buying and selling under $2,400 and the 100-hourly Easy Transferring Common.
  • There’s a key bearish pattern line forming with resistance at $2,400 on the hourly chart of ETH/USD (information feed through Kraken).
  • The pair should clear the $2,400 and $2,420 resistance ranges to begin a good improve within the close to time period.

Ethereum Value Eyes Restoration

Ethereum worth remained in a bearish zone and prolonged losses under the $2,400 degree. ETH traded under the $2,350 assist to maneuver additional in a bearish zone like Bitcoin.

The worth even spiked under the $2,320 assist degree. A low was fashioned close to $2,311 and the value is now consolidating losses. There was a minor improve above the $2,350 degree. The worth remains to be under the 23.6% Fib retracement degree of the downward wave from the $2,655 swing excessive to the $2,311 low.

Ethereum worth is now buying and selling under $2,400 and the 100-hourly Simple Moving Average. On the upside, the value appears to be going through hurdles close to the $2,400 degree. There may be additionally a key bearish pattern line forming with resistance at $2,400 on the hourly chart of ETH/USD.

A transparent transfer above the pattern line resistance would possibly ship the value towards the $2,480 resistance. It’s near the 50% Fib retracement degree of the downward wave from the $2,655 swing excessive to the $2,311 low.

Ethereum Price
Supply: ETHUSD on TradingView.com

An upside break above the $2,480 resistance would possibly name for extra features within the coming classes. Within the acknowledged case, Ether may rise towards the $2,550 resistance zone within the close to time period. The following hurdle sits close to the $2,650 degree or $2,665.

One other Decline In ETH?

If Ethereum fails to clear the $2,400 resistance, it may begin one other decline. Preliminary assist on the draw back is close to the $2,350 degree. The primary main assist sits close to the $2,300 zone.

A transparent transfer under the $2,300 assist would possibly push the value towards $2,220. Any extra losses would possibly ship the value towards the $2,120 assist degree within the close to time period. The following key assist sits at $2,050.

Technical Indicators

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

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

Main Assist Stage – $2,300

Main Resistance Stage – $2,400



Source link

Tags: ClearingCrucialEthereumHingesHurdleMovePrice
Previous Post

Announcing Grants for Advocacy Non-Profits

Next Post

SEC and DOJ Throw Support Behind Investor Class-Action Lawsuit Against Nvidia Over Alleged Crypto Mining Sales

Next Post
SEC and DOJ Throw Support Behind Investor Class-Action Lawsuit Against Nvidia Over Alleged Crypto Mining Sales

SEC and DOJ Throw Support Behind Investor Class-Action Lawsuit Against Nvidia Over Alleged Crypto Mining Sales

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 Surges Past $93,000 – Can A Breakthrough Unlock New Heights?

Bitcoin Surges Past $93,000 – Can A Breakthrough Unlock New Heights?

November 19, 2024
Will Bitcoin Rally Again? Key Metrics Show Where BTC Could Head Next

Will Bitcoin Rally Again? Key Metrics Show Where BTC Could Head Next

October 4, 2024
Misleading crypto narratives continue, driven by ‘sensationalist’ sentiment

Misleading crypto narratives continue, driven by ‘sensationalist’ sentiment

March 23, 2025

Recents

ETH Price Recovery to $3,000 Soon Amid Staking Push for Ethereum ETFs

ETH Price Recovery to $3,000 Soon Amid Staking Push for Ethereum ETFs

June 1, 2025
Cronos Defies Crypto Market Downtick on Friday As Asset Manager Canary Capital Files for CRO ETF

Cronos Defies Crypto Market Downtick on Friday As Asset Manager Canary Capital Files for CRO ETF

June 1, 2025
US opens door to retirement savers purchasing crypto tokens

US opens door to retirement savers purchasing crypto tokens

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