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BTCUSD Bitcoin

91,965.16

2,098.48 (2.34%)

08:19:50 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,818,541,497,507	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	2,098.48	2.34%	91,965.16	91,958.30	91,958.31

High Price	Low Price	Open Price	Prev. Close	52 Week Range
92,234.39	89,640.83	89,859.08	89,866.68	35,773.27 - 93,495.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:19:50	0.000064	91,948.83	USD

Price x Volume	Volume	Base Symbol	Related Pairs
326,658,875.06	3,601.51	BTC	BTCEUR	BTCGBP	ETHBTC

Ethereum Price Confronts Barriers to a New Surge—Can Bulls Prevail?

18/11/2024 3:38am

NEWSBTC

Ethereum price started a downside correction below the $3,150 zone. ETH is now consolidating near $3,120 and might attempt a fresh increase. Ethereum started a short-term downside correction below the $3,150 zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $3,040 zone. Ethereum Price Eyes Fresh Increase Ethereum price failed to start a fresh increase above the $3,250 zone and started a downside correction like Bitcoin. ETH declined below the $3,150 and $3,120 support levels. The bears even pushed the price below the $3,040 zone. It tested the $3,000 support zone. A low was formed at $3,016 and the price is now consolidating losses. It climbed above the 23.6% Fib retracement level of the downward move from the $3,340 swing high to the $3,016 low. Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,120 level. There is also a short-term contracting triangle forming with resistance at $3,120 on the hourly chart of ETH/USD. The first major resistance is near the $3,180 level or the 50% Fib retracement level of the downward move from the $3,340 swing high to the $3,016 low. The main resistance is now forming near $3,220. A clear move above the $3,220 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,450 resistance zone. Another Decline In ETH? If Ethereum fails to clear the $3,320 resistance, it could start another decline. Initial support on the downside is near the $3,060 level. The first major support sits near the $3,040 zone. A clear move below the $3,040 support might push the price toward $2,980. Any more losses might send the price toward the $2,920 support level in the near term. The next key support sits at $2,880. 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 zone. Major Support Level – $3,040 Major Resistance Level – $3,120

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1 Year Bitcoin Chart

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