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BTCUSD Bitcoin

96,665.04

156.94 (0.16%)

11:52:34 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,910,212,632,725	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	156.94	0.16%	96,665.04	96,661.03	96,664.97

High Price	Low Price	Open Price	Prev. Close	52 Week Range
97,705.99	96,400.00	96,494.18	96,503.94	38,501.00 - 108,388.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	11:52:33	0.000338	96,664.62	USD

Price x Volume	Volume	Base Symbol	Related Pairs
349,413,687.16	3,599.19	BTC	BTCEUR	BTCGBP	ETHBTC

Ethereum Price Power Play: Can It Smash Through Key Hurdles?

15/01/2025 3:28am

NEWSBTC

Ethereum price started a minor recovery wave above the $3,120 zone. ETH is rising and facing hurdles near the $3,240 zone. Ethereum started a minor recovery wave above the $3,120 zone. The price is trading above $3,200 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $3,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to start a fresh increase above the $3,240 resistance level. Ethereum Price Aims Higher Ethereum price started a recovery wave above the $3,050 level like Bitcoin. ETH was able to clear the $3,080 and $3,120 resistance levels to move into a short-term positive zone. The price even cleared the 50% Fib retracement level of the downward move from the $3,334 swing high to the $2,920 low. However, the bears are active near the $3,220 and $3,240 levels. There is also a short-term contracting triangle forming with resistance at $3,240 on the hourly chart of ETH/USD. Ethereum price is now trading just above $3,200 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,230 level. It is near the 76.4% Fib retracement level of the downward move from the $3,334 swing high to the $2,920 low. The first major resistance is near the $3,240 level. The main resistance is now forming near $3,330. A clear move above the $3,330 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. Another Decline In ETH? If Ethereum fails to clear the $3,240 resistance, it could start another decline. Initial support on the downside is near the $3,180 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 $2,920. 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 – $3,120 Major Resistance Level – $3,240

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