Monday, June 2, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Market & Analysis

Ethereum Price Signals Bearish Rection, Why ETH Could Drop 5%

n70products by n70products
January 8, 2024
in Market & Analysis
0
Ethereum Price Signals Bearish Rection, Why ETH Could Drop 5%
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Ethereum value is struggling to clear the $2,300 resistance zone. ETH is displaying just a few bearish indicators and would possibly decline towards the $2,080 assist.

  • Ethereum remains to be struggling to clear the $2,280 and $2,300 resistance ranges.
  • The worth is buying and selling under $2,260 and the 100-hourly Easy Transferring Common.
  • There’s a connecting bearish development line forming with resistance close to $2,240 on the hourly chart of ETH/USD (information feed by way of Kraken).
  • The pair might prolong its decline if it stays under the $2,300 resistance zone.

Ethereum Value Faces Main Hurdle

Ethereum value tried a recent improve above the $2,200 stage, like Bitcoin. ETH climbed above the $2,250 and $2,260 ranges. Nonetheless, the bears have been lively close to $2,300 and the 100-hourly Easy Transferring Common.

A excessive was shaped close to $2,289 and the worth just lately noticed a bearish reaction. There was a transfer under the $2,250 stage. The worth traded under the 23.6% Fib retracement stage of the upward wave from the $1,860 swing low to the $2,289 excessive.

Ethereum is now buying and selling under $2,260 and the 100-hourly Easy Transferring Common. There may be additionally a connecting bearish development line forming with resistance close to $2,240 on the hourly chart of ETH/USD.

If there’s a recent improve, the worth would possibly face resistance close to the $2,250 stage and the development line. The primary main resistance is now close to $2,280. The subsequent main hurdle sits at $2,300.

Ethereum Price

Supply: ETHUSD on TradingView.com

An in depth above the $2,300 resistance might begin a good upward transfer. The subsequent key resistance is close to $2,400. If the bulls push Ethereum above $2,400, there might be a rally towards $2,500. Any extra features would possibly ship the worth towards the $2,620 zone.

Extra Losses in ETH?

If Ethereum fails to clear the $2,250 resistance, it might begin a recent decline. Preliminary assist on the draw back is close to the $2,120 stage.

The primary key assist might be the $2,080 zone or the 50% Fib retracement stage of the upward wave from the $1,860 swing low to the $2,289 excessive. A draw back break and a detailed under $2,080 would possibly spark sturdy bearish strikes. Within the acknowledged case, Ether might take a look at the $2,020 assist. Any extra losses would possibly ship the worth towards the $1,960 stage.

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 stage.

Main Assist Stage – $2,080

Main Resistance Stage – $2,280

Disclaimer: The article is offered for instructional functions solely. It doesn’t signify the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You might be suggested to conduct your personal analysis earlier than making any funding selections. Use data offered on this web site totally at your personal danger.



Source link

Tags: BearishDropETHEthereumPriceRectionSignals
Previous Post

Unraveling Ethereum’s supply puzzle, from exchanges to stakes

Next Post

Analyst Predicts $570 Billion Inflow Amid Bitcoin Spot ETF Approval

Next Post
Crypto Analyst Predicts Bitcoin To Reach $130,000, Here’s When

Analyst Predicts $570 Billion Inflow Amid Bitcoin Spot ETF Approval

Leave a Reply Cancel reply

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

Premium Content

Man Pleads Guilty to Hacking Official SEC X Account and Falsely Claiming Regulator Had Approved Bitcoin ETFs

Man Pleads Guilty to Hacking Official SEC X Account and Falsely Claiming Regulator Had Approved Bitcoin ETFs

February 12, 2025
Ethereum Price Struggles to Recover: Short-Term Outlook Weak

Ethereum Price Struggles to Recover: Short-Term Outlook Weak

September 17, 2024
Dogecoin (DOGE) Bulls Flex Strength: Momentum Builds for Next Move

Dogecoin (DOGE) Bulls Flex Strength: Momentum Builds for Next Move

January 6, 2025
Integrating AI into Asset Performance Management: It’s all about the data

Integrating AI into Asset Performance Management: It’s all about the data

March 31, 2024
Solana (SOL) Primed to Implode by 80% and Sink to $20, Predicts Bitcoin (BTC) Bull Max Keiser

Solana (SOL) Primed to Implode by 80% and Sink to $20, Predicts Bitcoin (BTC) Bull Max Keiser

January 6, 2024
Bitcoin battles THIS resistance after 3 failed breakouts! – What next?

Bitcoin battles THIS resistance after 3 failed breakouts! – What next?

February 21, 2025

Recent Posts

  • Ethereum Signals Uptrend With Key Candlestick Pattern, Could A Rally Follow?
  • Still more on stablecoins
  • Bitcoin Rise To $111,000 ATH Doesn’t Mean The Market Is Bullish, Certified Expert Says

Categories

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

Recommended

Ethereum Signals Uptrend With Key Candlestick Pattern, Could A Rally Follow?

Ethereum Signals Uptrend With Key Candlestick Pattern, Could A Rally Follow?

June 2, 2025
Still more on stablecoins

Still more on stablecoins

June 2, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

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

© 2023 Dollar-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