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BTCUSD Bitcoin

58,315.18

77.96 (0.13%)

01:10:17 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,143,457,760,992	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	77.96	0.13%	58,315.18	58,315.68	58,315.69

High Price	Low Price	Open Price	Prev. Close	52 Week Range
58,526.89	58,233.03	58,384.58	58,237.73	24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	01:10:17	0.000153	58,315.69	USD

Price x Volume	Volume	Base Symbol	Related Pairs
5,371,972.24	92.04	BTC	BTCEUR	BTCGBP	ETHBTC

Ethereum Price Faces Crucial Test: Will $2,850 Withstand the Pressure?

19/04/2024 5:18am

NEWSBTC

Ethereum price is still consolidating near the $3,000 zone. ETH could start a steady increase if the bulls push the price above the $3,100 resistance. Ethereum is still struggling to recover above the $3,100 resistance zone. The price is trading below $3,100 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower if there is a close below the $2,850 support zone. Ethereum Price Consolidates Ethereum price attempted another recovery wave and remained stable above the $3,000 level. However, the bears defended the $3,100 resistance zone, like Bitcoin. There was another decline below $3,000. The price even spiked below the $2,900 support. A low was formed at $2,867 and the price is now recovering losses. It climbed above the 23.6% Fib retracement level of the downward move from the $3,278 swing high to the $2,867 low. Ethereum is still trading below $3,100 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,020 level. The first major resistance is near the $3,070 level and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance at $3,070 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the downward move from the $3,278 swing high to the $2,867 low. The next key resistance sits at $3,120, above which the price might rise toward the $3,200 level. Source: ETHUSD on TradingView.com The main downtrend resistance sits at $3,280. A close above the $3,280 resistance could send the price toward the $3,350 pivot level. If there is a move above the $3,350 resistance, Ethereum could even climb toward the $3,550 resistance. More Losses In ETH? If Ethereum fails to clear the $3,100 resistance, it could start another decline. Initial support on the downside is near the $2,920 level. The first major support is near the $2,850 zone. A clear move below the $2,850 support might send the price toward $2,620. Any more losses might send the price toward the $2,550 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $2,850 Major Resistance Level – $3,100

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