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BTCUSD Bitcoin

91,126.03

544.05 (0.60%)

12:47:23 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,798,065,461,219	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	544.05	0.60%	91,126.03	91,126.03	91,131.00

High Price	Low Price	Open Price	Prev. Close	52 Week Range
91,439.82	89,400.00	90,714.56	90,581.98	35,773.27 - 93,495.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	12:47:22	0.000022	91,126.03	USD

Price x Volume	Volume	Base Symbol	Related Pairs
323,181,111.23	3,571.22	BTC	BTCEUR	BTCGBP	ETHBTC

Ethereum Price Eyes Bullish Momentum: Is a Breakout Imminent?

11/09/2024 4:18am

NEWSBTC

Ethereum price is attempting a fresh increase wave above $2,300. ETH might gain bullish momentum if it clears the $2,400 resistance zone. Ethereum is attempting a recovery wave above the $2,300 zone. The price is trading above $2,330 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,335 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,400 resistance to continue higher in the near term. Ethereum Price Eyes More Upsides Ethereum price started a recovery wave above the $2,300 level. ETH was able to clear the $2,320 resistance zone to move into a positive zone like Bitcoin. However, the bears were active near the $2,400 resistance. A high was formed at $2,398 and the price is now consolidating gains. There was a minor decline below the $2,360 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $2,242 swing low to the $2,398 high. Ethereum price is now trading above $2,300 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2,335 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,380 level. The first major resistance is near the $2,400 level. A close above the $2,400 level might send Ether toward the $2,465 resistance. The next key resistance is near $2,500. An upside break above the $2,500 resistance might call for more gains toward the $2,550 resistance zone in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,400 resistance, it could start another decline. Initial support on the downside is near $2,335 and the trend line. The first major support sits near the $2,300 zone or the 61.8% Fib retracement level of the upward move from the $2,242 swing low to the $2,398 high. A clear move below the $2,300 support might push the price toward $2,240. Any more losses might send the price toward the $2,150 support level in the near term. The next key support sits at $2,050. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,240 Major Resistance Level – $2,400

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