Monday, June 23, 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 Struggles to Sustain Gains: Is the Uptrend in Trouble?

n70products by n70products
August 15, 2024
in Market & Analysis
0
Ethereum Price Struggles to Sustain Gains: Is the Uptrend in Trouble?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Ethereum worth struggled to clear the $2,750 resistance. ETH is now consolidating close to $2,635 and stays susceptible to extra downsides.

  • Ethereum began a contemporary decline from the $2,750 resistance.
  • The value is buying and selling under $2,700 and the 100-hourly Easy Transferring Common.
  • There was a break under a key contracting triangle with help at $2,695 on the hourly chart of ETH/USD (information feed through Kraken).
  • The pair might prolong losses if it drops under the $2,635 help zone.

Ethereum Worth Slides Once more

Ethereum worth began an honest improve from the $2,650 help zone. ETH outperformed Bitcoin and surpassed the $2,720 resistance zone. Nonetheless, the bears had been energetic close to the $2,750 zone.

The latest swing excessive was fashioned at $2,763 earlier than the worth corrected features. There was a transfer under the $2,720 and $2,700 ranges. Moreover, there was a break under a key contracting triangle with help at $2,695 on the hourly chart of ETH/USD.

Ethereum worth is now buying and selling under $2,700 and the 100-hourly Simple Moving Average. A low is fashioned close to $2,635 and the worth is now consolidating. If there’s one other improve, the worth would possibly face hurdles close to the $2,700 stage. It’s near the 50% Fib retracement stage of the latest decline from the $2,763 swing excessive to the $2,635 low.

The primary main resistance is close to the $2,735 stage or the 76.4% Fib retracement stage of the latest decline from the $2,763 swing excessive to the $2,635 low. An in depth above the $2,735 stage would possibly ship Ether towards the $2,765 resistance.

Ethereum Price

The subsequent key resistance is close to $2,800. An upside break above the $2,800 resistance would possibly ship the worth increased towards the $2,880 resistance zone within the close to time period.

Extra Losses In ETH?

If Ethereum fails to clear the $2,700 resistance, it might proceed to maneuver down. Preliminary help on the draw back is close to $2,635. The primary main help sits close to the $2,600 zone.

A transparent transfer under the $2,600 help would possibly push the worth towards $2,550. Any extra losses would possibly ship the worth towards the $2,520 help stage within the close to time period. The subsequent key help sits at $2,440.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is shedding momentum within the bullish zone.

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

Main Assist Stage – $2,635

Main Resistance Stage – $2,700



Source link

Tags: EthereumGainsPriceStrugglesSustainTroubleUptrend
Previous Post

Evaluating the impact of Ethereum L2s trying to ‘go to the moon’

Next Post

US Digital Asset Industry Looking for Clear Statement From Kamala Harris on Her Crypto Position: Jeremy Allaire

Next Post
US Digital Asset Industry Looking for Clear Statement From Kamala Harris on Her Crypto Position: Jeremy Allaire

US Digital Asset Industry Looking for Clear Statement From Kamala Harris on Her Crypto Position: Jeremy Allaire

Leave a Reply Cancel reply

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

Premium Content

Urgent Call For Bulls As Analysts Predict Dire Correction Ahead

Urgent Call For Bulls As Analysts Predict Dire Correction Ahead

January 20, 2024
DXY’s Collapse Signals Bigger Bull Run

Will Dogecoin Hold The Line? Bollinger Bands Flash Critical Alert

March 28, 2025
Bitcoin ETFs: Almost 3 months on, where do they stand?

Bitcoin ETFs: Almost 3 months on, where do they stand?

March 30, 2024
Bitcoin, Ethereum ETFs: Will Hong Kong get an edge with new approvals?

Bitcoin, Ethereum ETFs: Will Hong Kong get an edge with new approvals?

April 16, 2024
Bank of England Officials Say Stablecoin Risks Present ‘Implications for Core Financial Markets in the UK’

Bank of England Officials Say Stablecoin Risks Present ‘Implications for Core Financial Markets in the UK’

April 11, 2025
Will The Gains Keep Coming?

Will The Gains Keep Coming?

November 12, 2024

Recent Posts

  • Ethereum breaks down! – THESE signals hint at more pain ahead
  • OKX To Consider IPO In US After Local Relaunch In April
  • Texas Govt. Signs Strategic Bitcoin Reserve Into Law

Categories

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

Recommended

Ethereum breaks down! – THESE signals hint at more pain ahead

Ethereum breaks down! – THESE signals hint at more pain ahead

June 23, 2025
OKX To Consider IPO In US After Local Relaunch In April

OKX To Consider IPO In US After Local Relaunch In April

June 23, 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