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BTCUSD Bitcoin

104,248.80

-1,902.36 (-1.79%)

08:13:59 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	2,059,923,083,217	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-1,902.36	-1.79%	104,248.80	104,248.79	104,248.80

High Price	Low Price	Open Price	Prev. Close	52 Week Range
106,528.13	103,125.00	106,114.74	106,151.15	38,501.00 - 108,388.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:13:59	0.000038	104,248.79	USD

Price x Volume	Volume	Base Symbol	Related Pairs
437,855,460.27	4,180.26	BTC	BTCEUR	BTCGBP	ETHBTC

Ethereum Price Falls Short Above $4,000: Will Bulls Try Again?

18/12/2024 3:18am

NEWSBTC

Ethereum price failed to settle above the $4,000 zone. ETH is correcting gains and might struggle to stay above the $3,820 support zone. Ethereum started a downside correction from the $4,100 zone. The price is trading below $3,980 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3,940 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it fails to stay above the $2,820 support zone. Ethereum Price Fails Again Ethereum price struggled to stay above the $4,000 level and underperformed Bitcoin. ETH started a fresh decline and traded below the $4,000 support zone. There was a move below the $3,980 and $3,940 support levels. Besides, there was a break below a key bullish trend line with support at $3,940 on the hourly chart of ETH/USD. The pair even dipped below the $3,850 level. A low was formed at $3,837 and the price is now consolidating losses. Ethereum price is now trading below $3,920 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,900 level. It is close to the 23.6% Fib retracement level of the downward move from the $4,107 swing high to the $3,837 low. The first major resistance is near the $3,970 level or the 50% Fib retracement level of the downward move from the $4,107 swing high to the $3,837 low. The main resistance is now forming near $4,000. A clear move above the $4,000 resistance might send the price toward the $4,120 resistance. An upside break above the $4,120 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,250 resistance zone or even $4,320. More Losses In ETH? If Ethereum fails to clear the $3,900 resistance, it could continue to move down. Initial support on the downside is near the $3,820 level. The first major support sits near the $3,780 zone. A clear move below the $3,780 support might push the price toward the $3,650 support. Any more losses might send the price toward the $3,550 support level in the near term. The next key support sits at $3,500. 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 zone. Major Support Level – $3,820 Major Resistance Level – $3,970

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