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BTCUSD Bitcoin

90,039.16

172.48 (0.19%)

00:48:48 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,779,618,392,961	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	172.48	0.19%	90,039.16	90,031.36	90,036.74

High Price	Low Price	Open Price	Prev. Close	52 Week Range
90,132.25	89,640.83	89,811.28	89,866.68	- - -

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	00:48:47	0.000099	90,039.16	USD

Price x Volume	Volume	Base Symbol	Related Pairs
30,782,515.00	342.33	BTC	BTCEUR	BTCGBP	ETHBTC

Ethereum Price Rebounds to $2,500: Is There More Room to Climb?

06/08/2024 4:28am

NEWSBTC

Ethereum price started a recovery wave from the $1,910 zone. ETH is up over 10% and is now consolidating near the $2,500 zone. Ethereum started a recovery wave above the $2,250 and $2,400 levels. The price is trading below $2,650 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to clear the $2,680 resistance zone. Ethereum Price Rebound 10% Ethereum price gained bearish momentum below the $2,500 support. ETH dragged Bitcoin lower and traded below the $2,200 support. It even spiked below the $2,000 level before the bulls appeared. A low was formed at $1,911 and the price recently started a recovery wave. There was a recovery wave above the $2,250 level. The price broke the 50% Fib retracement level of the downward move from the $2,920 swing high to the $1,910 swing low. Besides, there was a break above a key bearish trend line with resistance at $2,400 on the hourly chart of ETH/USD. Ethereum price is still trading below $2,650 and the 100-hourly Simple Moving Average. On the upside, the price is facing hurdles near the $2,550 level and the 61.8% Fib retracement level of the downward move from the $2,920 swing high to the $1,910 swing low. The first major resistance is near the $2,680 level. The next major hurdle is near the $2,650 level. A close above the $2,650 level might send Ether toward the $2,850 resistance. The next key resistance is near $2,880. An upside break above the $2,880 resistance might send the price higher toward the $3,000 resistance zone in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,550 resistance, it could start another decline. Initial support on the downside is near $2,365. The first major support sits near the $2,250 zone. A clear move below the $2,250 support might push the price toward $2,050. Any more losses might send the price toward the $2,000 support level in the near term. The next key support sits at $1,920. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,365 Major Resistance Level – $2,550

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