Ethereum Price Looks Ready For Another Leg Higher Over If It Holds Support

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,345,431,805,330	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,345,431,805,330

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	469.76	0.69%	68,832.00	68,824.00	68,824.82

Price Change

Price Change %

Current Price

Bid Price

Offer

469.76

0.69%

68,832.00

68,824.00

68,824.82

High Price	Low Price	Open Price	Prev. Close	52 Week Range
68,982.98	67,853.05	68,293.39	68,362.24	24,750.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

68,982.98

67,853.05

68,293.39

68,362.24

24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	13:34:57	0.015000	68,844.22	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

13:34:57

0.015000

68,844.22

USD

Price x Volume	Volume	Base Symbol	Related Pairs
213,655,317.53	3,123.68	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

213,655,317.53

3,123.68

Ethereum Price Looks Ready For Another Leg Higher Over If It Holds Support

09/05/2024 4:03am

NEWSBTC

Ethereum price is extended losses and tested the $2,940 support. ETH could start a fresh increase if it clears the $3,000 and $3,030 resistance levels. Ethereum remained in a bearish zone and traded below the $3,000 level. The price is trading below $3,050 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,940 support to start another increase toward $3,220. Ethereum Price Dips Below $3K Ethereum price remained in a bearish zone and extended losses below the $3,050 level, like Bitcoin. ETH bears were able to push the price below the $3,000 level. A low was formed at $2,936 and the price is now consolidating losses. Ethereum is trading below $3,050 and the 100-hourly Simple Moving Average. Recently, there was a break above a key bearish trend line with resistance at $2,980 on the hourly chart of ETH/USD. Immediate resistance is near the $3,000 level or the 23.6% Fib retracement level of the recent decline from the $3,218 swing high to the $2,936 low. The first major resistance is near the $3,030 level or the 100-hourly Simple Moving Average. Source: ETHUSD on TradingView.com The next key resistance sits at $3,080 or the 50% Fib retracement level of the recent decline from the $3,218 swing high to the $2,936 low, above which the price might gain traction and rise toward the $3,150 level. If there is a clear move above the $3,150 level, the price might rise and test the $3,220 resistance. Any more gains could send Ether toward the $3,350 resistance zone. More Losses In ETH? If Ethereum fails to clear the $3,030 resistance, it could start another decline. Initial support on the downside is near the $2,965 level. The first major support is near the $2,940 zone. The next support is near the $2,880 level. A clear move below the $2,880 support might push the price toward $2,720. Any more losses might send the price toward the $2,650 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $2,940 Major Resistance Level – $3,030

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