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BTCUSD Bitcoin

108,004.76

4,891.66 (4.74%)

08:24:41 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	2,128,371,457,041	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	4,891.66	4.74%	108,004.76	108,004.75	108,004.76

High Price	Low Price	Open Price	Prev. Close	52 Week Range
109,356.00	99,460.67	106,900.00	103,113.10	38,501.00 - 108,388.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:24:39	0.000037	108,021.37	USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,002,925,216.92	9,662.43	BTC	BTCEUR	BTCGBP	ETHBTC

Ethereum Price Faces Another Rejection: Will Momentum Return?

20/01/2025 3:38am

NEWSBTC

Ethereum price started a downside correction from the $3,500 resistance. ETH is consolidating above $3,120 and facing many hurdles. Ethereum failed to gain pace for a close above $3,500 and corrected gains. The price is trading below $3,320 and the 100-hourly Simple Moving Average. There is a short-term connecting bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,300 resistance level. Ethereum Price Dips To Support Ethereum price started a decent upward move above the $3,320 level but upsides were limited compared to Bitcoin. ETH failed to gain pace for a close above $3,500 and corrected gains. There was a move below the $3,320 and $3,300 support levels. A low was formed at $3,141 and the price is now consolidating losses. There was a minor increase above the $3,200 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $3,445 swing high to the $3,141 low. Ethereum price is now trading below $3,280 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,240 level. The first major resistance is near the $3,300 level or the 50% Fib retracement level of the recent decline from the $3,445 swing high to the $3,141 low. The main resistance is now forming near $3,380. There is also a short-term connecting bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD. A clear move above the $3,380 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,500 resistance zone or even $3,550 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,300 resistance, it could start another decline. Initial support on the downside is near the $3,150 level. The first major support sits near the $3,120. A clear move below the $3,120 support might push the price toward the $3,050 support. Any more losses might send the price toward the $3,020 support level in the near term. The next key support sits at $3,000. 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 below the 50 zone. Major Support Level – $3,120 Major Resistance Level – $3,300

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