Ethereum Price Rises, Striving to Catch Up with Bitcoin’s Rally

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,308,863,621,501	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,308,863,621,501

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	383.36	0.58%	66,440.27	66,440.41	66,440.42

Price Change

Price Change %

Current Price

Bid Price

Offer

383.36

0.58%

66,440.27

66,440.41

66,440.42

High Price	Low Price	Open Price	Prev. Close	52 Week Range
67,944.76	64,686.10	66,039.96	66,056.91	26,806.06 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

67,944.76

64,686.10

66,039.96

66,056.91

26,806.06 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
CRTO	22:59:07	0.000050	66,440.27	USD

Exchange

Last Trade

Size

Trade Price

Currency

CRTO

22:59:07

0.000050

66,440.27

USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,267,287,096.11	19,137.35	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

1,267,287,096.11

19,137.35

Ethereum Price Rises, Striving to Catch Up with Bitcoin’s Rally

09/08/2024 4:38am

NEWSBTC

Ethereum price gained pace for a move above the $2,550 resistance zone. ETH is now consolidating near $2,680 and eyeing more upsides above $2,750. Ethereum started a decent increase above the $2,450 and $2,550 levels. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise steadily if it clears the $2,720 resistance zone. Ethereum Price Eyes More Gains Above $2,720 Ethereum price started a steady upward move above the $2,450 resistance level. ETH climbed above the $2,500 and $2,550 resistance levels like Bitcoin above $58,000. The price even cleared the $2,650 resistance but gains were limited compared to BTC. A high was formed near $2,722 and the price is now consolidating gains. It is still above the 23.6% Fib retracement level of the upward move from the $2,311 swing low to the $2,722 high. Ethereum price is now trading above $2,550 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD. The trend line is close to the 100-hourly Simple Moving Average and the 50% Fib retracement level of the upward move from the $2,311 swing low to the $2,722 high. On the upside, the price is facing hurdles near the $2,700 level. The first major resistance is near the $2,720 level. A close above the $2,720 level might send Ether toward the $2,800 resistance. The next key resistance is near $2,865. An upside break above the $2,865 resistance might send the price higher toward the $3,000 resistance zone in the near term. Are Dips Limited In ETH? If Ethereum fails to clear the $2,720 resistance, it could start a downside correction. Initial support on the downside is near $2,620. The first major support sits near the $2,550 zone. A clear move below the $2,550 support might push the price toward $2,450. Any more losses might send the price toward the $2,320 support level in the near term. The next key support sits at $2,250. 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 – $2,550 Major Resistance Level – $2,720

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