Ethereum Price Trims Gains as Bitcoin Slump Drags Crypto Market

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,216,841,002,092	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,216,841,002,092

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	1,044.09	1.71%	61,935.23	61,935.22	61,935.23

Price Change

Price Change %

Current Price

Bid Price

Offer

1,044.09

1.71%

61,935.23

61,935.22

61,935.23

High Price	Low Price	Open Price	Prev. Close	52 Week Range
62,005.65	60,611.01	60,866.66	60,891.14	24,900.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

62,005.65

60,611.01

60,866.66

60,891.14

24,900.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
BSTP	20:57:03	0.002559	61,936.00	USD

Exchange

Last Trade

Size

Trade Price

Currency

BSTP

20:57:03

0.002559

61,936.00

USD

Price x Volume	Volume	Base Symbol	Related Pairs
223,061,471.22	3,634.58	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

223,061,471.22

3,634.58

Ethereum Price Trims Gains as Bitcoin Slump Drags Crypto Market

24/06/2024 4:58am

NEWSBTC

Ethereum price struggled to climb above the $3,550 resistance and trimmed gains. ETH gained bearish momentum alongside Bitcoin and tested the $3,385 zone. Ethereum is trimming gains from the $3,550 resistance zone. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,465 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if it dips below the $3,385 and $3,350 support levels. Ethereum Price Dips Further Ethereum price struggled to start a fresh increase above the $3,550 zone. ETH followed Bitcoin’s bearish path and the price declined below the $3,500 level. The bears pushed the price below the $3,420 support zone. A low was formed at $3,388 and the price is now consolidating losses. It is struggling near the 23.6% Fib retracement level of the recent decline from the $3,543 swing high to the $3,388 low. There is also a key bearish trend line forming with resistance near $3,465 on the hourly chart of ETH/USD. Ethereum is now trading below $3,500 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3,430 level. The first major resistance is near the $3,465 level and the trend line. The trend line is near the 50% Fib retracement level of the recent decline from the $3,543 swing high to the $3,388 low. The main resistance sits at $3,520 or $3,550. An upside break above the $3,550 resistance might send the price higher. The next key resistance sits at $3,650, above which the price might gain traction and rise toward the $3,720 level. Any more gains could send Ether toward the $3,880 resistance zone in the coming days. More Downsides In ETH? If Ethereum fails to clear the $3,465 resistance, it could start another decline. Initial support on the downside is near $3,385. The first major support sits near the $3,350 zone. A clear move below the $3,350 support might push the price toward $3,220. Any more losses might send the price toward the $3,100 level in the near term. 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 – $3,350 Major Resistance Level – $3,465

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