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BTCUSD Bitcoin

70,026.90

-180.88 (-0.26%)

12:06:14 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,382,245,191,872	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-180.88	-0.26%	70,026.90	70,029.42	70,035.68

High Price	Low Price	Open Price	Prev. Close	52 Week Range
70,364.64	68,750.37	70,225.39	70,207.78	34,079.46 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	12:06:13	0.000425	70,026.74	USD

Price x Volume	Volume	Base Symbol	Related Pairs
349,052,126.88	5,018.56	BTC	BTCEUR	BTCGBP	ETHBTC

Ethereum Price Trims Gains: Is the Rally Losing Steam?

30/09/2024 4:28am

NEWSBTC

Ethereum price is correcting gains from the $2,720 resistance. ETH is now trading below $2,650 and might find bids near the $2,600 level. Ethereum started a downside correction from the $2,720 zone. The price is trading below $2,650 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,650 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,600 support to start a fresh increase in the near term. Ethereum Price Dips Again Ethereum price extended gains and traded above the $2,650 level. ETH even cleared the $2,700 level before the bears appeared. A high was formed at $2,728 and the price started a downside correction like Bitcoin. There was a move below the $2,700 and $2,650 levels. The price traded below the 50% Fib retracement level of the upward move from the $2,554 swing low to the $2,728 high. Ethereum price is now trading below $2,650 and the 100-hourly Simple Moving Average. However, the price could find bids near the $2,600 level or the 76.4% Fib retracement level of the upward move from the $2,554 swing low to the $2,728 high. On the upside, the price seems to be facing hurdles near the $2,650 level. There is also a key bearish trend line forming with resistance at $2,650 on the hourly chart of ETH/USD. The first major resistance is near the $2,685 level. The next key resistance is near $2,720. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,840 resistance zone in the near term. The next hurdle sits near the $2,880 level or $2,920. More Losses In ETH? If Ethereum fails to clear the $2,650 resistance, it could continue to move down. Initial support on the downside is near the $2,600 level. The first major support sits near the $2,550 zone. A clear move below the $2,550 support might push the price toward $2,520. Any more losses might send the price toward the $2,450 support level in the near term. The next key support sits at $2,365. 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 – $2,600 Major Resistance Level – $2,650

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