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BTCUSD Bitcoin

64,873.86

788.97 (1.23%)

07:38:09 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,273,825,469,466	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	788.97	1.23%	64,873.86	64,871.61	64,873.86

High Price	Low Price	Open Price	Prev. Close	52 Week Range
65,117.16	63,904.27	64,135.51	64,084.89	24,900.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	07:38:09	0.000070	64,871.62	USD

Price x Volume	Volume	Base Symbol	Related Pairs
129,423,259.48	2,003.48	BTC	BTCEUR	BTCGBP	ETHBTC

Ethereum Price Stays Strong: Will ETH Continue To Rise?

18/07/2024 4:28am

NEWSBTC

Ethereum price failed to clear the $3,500 resistance zone. ETH is consolidating above the $3,380 support and might attempt another increase. Ethereum is correcting gains and struggling near the $3,500 zone. The price is trading above $3,380 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,375 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise unless there is a close below the $3,350 support. Ethereum Price Fails To Surpass $3,500 Ethereum price made another attempt to clear the $3,500 resistance zone. ETH struggled to continue higher above $3,500 and started a downside correction like Bitcoin. There was a move below the $3,450 and $3,420 levels. The price even dipped below $3,400 and tested $3,375. A low is formed at $3,376 and the price is consolidating above the 23.6% Fib retracement level of the recent decline from the $3,516 swing high to the $3,376 high. There is also a key bullish trend line forming with support at $3,375 on the hourly chart of ETH/USD. Ethereum is now trading above $3,375 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $3,450 level and the 50% Fib retracement level of the recent decline from the $3,516 swing high to the $3,376 high. The first major resistance is near the $3,480 level. The next major hurdle is near the $3,500 level. A close above the $3,500 level might send Ether toward the $3,550 resistance. The next key resistance is near $3,640. An upside break above the $3,640 resistance might send the price higher toward the $3,750 resistance zone in the coming days. More Downsides In ETH? If Ethereum fails to clear the $3,450 resistance, it could continue to move down. Initial support on the downside is near $3,380 and the trend line. The first major support sits near the $3,350 zone. A clear move below the $3,350 support might push the price toward $3,270. Any more losses might send the price toward the $3,220 support level in the near term. The next key support sits at $3,150. 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 below the 50 zone. Major Support Level – $3,380 Major Resistance Level – $3,450

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