Ethereum Price Uptrend To Restart? These Could Be Hurdles To Watch

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,343,349,586,543	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,343,349,586,543

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	538.91	0.79%	68,451.89	68,450.00	68,450.01

Price Change

Price Change %

Current Price

Bid Price

Offer

538.91

0.79%

68,451.89

68,450.00

68,450.01

High Price	Low Price	Open Price	Prev. Close	52 Week Range
68,490.48	67,658.00	67,857.26	67,912.98	24,900.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

68,490.48

67,658.00

67,857.26

67,912.98

24,900.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	13:46:04	0.000045	68,450.01	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

13:46:04

0.000045

68,450.01

USD

Price x Volume	Volume	Base Symbol	Related Pairs
142,499,282.06	2,094.69	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

142,499,282.06

2,094.69

Ethereum Price Uptrend To Restart? These Could Be Hurdles To Watch

03/04/2024 4:54am

NEWSBTC

Ethereum price extended its decline below the $3,320 support zone. ETH is now consolidating and might start a fresh increase if it clears $3,320. Ethereum remained in a bearish zone and traded below the $3,320 support zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $3,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the $3,320 resistance zone. Ethereum Price Faces Resistance Ethereum price remained in a bearish zone below on the hourly timeframe below the $3,500 level. ETH extended its decline below the $3,320 support level, like Bitcoin. It even spiked below $3,220. A low was formed at $3,215 and the price is now attempting a recovery wave. There was a move above the $3,250 level. It tested the 23.6% Fib retracement level of the downward wave from the $3,655 swing high to the $3,215 low. Ethereum is now trading below $3,400 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,320 level. There is also a major bearish trend line forming with resistance near $3,320 on the hourly chart of ETH/USD. The first major resistance is near the $3,350 level. The next key resistance sits at $3,440 or the 50% Fib retracement level of the downward wave from the $3,655 swing high to the $3,215 low, above which the price might test the $3,500 level. Source: ETHUSD on TradingView.com The next key resistance is seen near the $3,550 level, above which Ether could gain bullish momentum. In the stated case, the price could rise toward the $3,680 hurdle. If there is a move above the $3,680 resistance, Ethereum could even climb toward the $3,780 resistance. Any more gains might call for a test of $3,850. Another Rejection In ETH? If Ethereum fails to clear the $3,320 resistance, it could continue to move down. Initial support on the downside is near the $3,250 level. The first major support is near the $3,220 zone. The next key support could be the $3,120 zone. A clear move below the $3,120 support might send the price toward $3,040. Any more losses might send the price toward the $3,000 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $3,220 Major Resistance Level – $3,320

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