• 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

Is the Bullish Momentum Fading?

n70products by n70products
October 3, 2024
in Market & Analysis
0
Is the Bullish Momentum Fading?
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

Ethereum worth prolonged its decline under the $2,450 degree. ETH is now consolidating and may battle to get better above the $2,425 degree.

  • Ethereum declined additional and traded under the $2,400 zone.
  • The value is buying and selling under $2,420 and the 100-hourly Easy Transferring Common.
  • There’s a connecting bearish pattern line forming with resistance at $2,425 on the hourly chart of ETH/USD (knowledge feed through Kraken).
  • The pair should keep above the $2,350 assist to start out a recent enhance within the close to time period.

Ethereum Worth Holds Help

Ethereum worth remained in a bearish zone and prolonged losses under the $2,550 degree. ETH traded under the $2,450 assist to enter a bearish zone like Bitcoin. There was additionally a transfer under the $2,400 degree.

A low was fashioned close to $2,352 and the value is now consolidating losses. There was a minor enhance above the $2,365 degree. The value remains to be under the 23.6% Fib retracement degree of the downward transfer from the $2,655 swing excessive to the $2,352 low.

Ethereum worth is now buying and selling under $2,420 and the 100-hourly Easy Transferring Common. On the upside, the value appears to be going through hurdles close to the $2,420 degree. There’s additionally a connecting bearish pattern line forming with resistance at $2,425 on the hourly chart of ETH/USD.

The primary main resistance is close to the $2,500 degree or the 50% Fib retracement degree of the downward transfer from the $2,655 swing excessive to the $2,352 low. The following key resistance is close to $2,535.

Ethereum Price
Supply: ETHUSD on TradingView.com

An upside break above the $2,535 resistance may name for extra beneficial properties within the coming periods. Within the said case, Ether might rise towards the $2,650 resistance zone within the close to time period. The following hurdle sits close to the $2,680 degree or $2,665.

Extra Losses In ETH?

If Ethereum fails to clear the $2,420 resistance, it might proceed to maneuver down. Preliminary assist on the draw back is close to the $2,350 degree. The primary main assist sits close to the $2,320 zone.

A transparent transfer under the $2,320 assist may push the value towards $2,250. Any extra losses may ship the value towards the $2,150 assist degree within the close to time period. The following key assist sits at $2,120.

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 under the 50 zone.

Main Help Degree – $2,350

Main Resistance Degree – $2,420



Source link

Tags: BullishFadingMomentum
Previous Post

Ethereum long traders trapped: Will ETH decline in Q4 as well?

Next Post

‘Operation Kraken’ in Australia Seizes Over $6,400,000 in Crypto From Global Organized Crime, Say Authorities

Next Post
‘Operation Kraken’ in Australia Seizes Over $6,400,000 in Crypto From Global Organized Crime, Say Authorities

‘Operation Kraken’ in Australia Seizes Over $6,400,000 in Crypto From Global Organized Crime, Say Authorities

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

Ripple Receives License For Payments Direct Service In UAE

Ripple Receives License For Payments Direct Service In UAE

October 6, 2024
Ethereum developers and investors alike worry of poor leadership

Ethereum developers and investors alike worry of poor leadership

March 31, 2025

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

August 20, 2024

Recents

US Authorities Charge Six Individuals in Connection to Alleged $66,000,000 Food Stamp Fraud Scheme

US Authorities Charge Six Individuals in Connection to Alleged $66,000,000 Food Stamp Fraud Scheme

June 1, 2025
XRP Set For Price Relief, But Only If Bulls Defend Key $2.13 Price Level

XRP Set For Price Relief, But Only If Bulls Defend Key $2.13 Price Level

June 1, 2025
Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally

Ethereum Bulls Defend Support – Key Indicator Hints At Short-Term Rally

May 31, 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