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BTCUSD Bitcoin

68,489.37

-512.17 (-0.74%)

09:17:19 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,355,202,824,547	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-512.17	-0.74%	68,489.37	68,484.24	68,484.25

High Price	Low Price	Open Price	Prev. Close	52 Week Range
69,498.00	68,445.01	68,954.78	69,001.54	29,475.06 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	09:17:19	0.006390	68,489.37	USD

Price x Volume	Volume	Base Symbol	Related Pairs
189,422,081.23	2,746.24	BTC	BTCEUR	BTCGBP	ETHBTC

Ethereum Bulls Set Sights on $2,850: Is a Surge Imminent?

21/10/2024 4:28am

NEWSBTC

Ethereum price is extending gains above the $2,650 resistance. ETH could continue to rise toward $2,850 if it clears the $2,750 resistance zone. Ethereum remained in a positive zone above the $2,580 and $2,620 resistance levels. The price is trading above $2,650 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,680 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $2,750 and $2,780 resistance levels. Ethereum Price Aims For More Gains Ethereum price remained stable above the $2,600 level like Bitcoin. ETH extended gains above the $2,650 resistance level to move further into a positive zone. The price cleared the $2,700 level and tested $2,765. A high was formed at $2,765 and the price is now consolidating gains. There was a minor decline below the $2,740 level, but the price is stable above the 23.6% Fib retracement level of the upward move from the $2,576 swing low to the $2,765 high. Ethereum price is now trading above $2,650 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $2,680 on the hourly chart of ETH/USD. The trend line is near the 50% Fib retracement level of the upward move from the $2,576 swing low to the $2,765 high. On the upside, the price seems to be facing hurdles near the $2,750 level. The first major resistance is near the $2,765 level. A clear move above the $2,765 resistance might send the price toward the $2,840 resistance. An upside break above the $2,840 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,880 resistance zone in the near term. The next hurdle sits near the $2,920 level or $2,950. Another Drop In ETH? If Ethereum fails to clear the $2,750 resistance, it could start another decline. Initial support on the downside is near the $2,720 level. The first major support sits near the $2,680 zone and the trend line. A clear move below the $2,720 support might push the price toward $2,650. Any more losses might send the price toward the $2,620 support level in the near term. The next key support sits at $2,550. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,650 Major Resistance Level – $2,765

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