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BTCUSD Bitcoin

93,509.68

-3.68 (0.00%)

17:56:17 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,854,666,693,280	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-3.68	0.00%	93,509.68	93,512.01	93,512.02

High Price	Low Price	Open Price	Prev. Close	52 Week Range
94,111.00	91,271.19	93,378.01	93,519.69	38,501.00 - 108,388.88

Exchange	Last Trade	Size	Trade Price	Currency
CRTO	17:56:17	0.010000	93,512.01	USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,487,144,831.83	16,039.30	BTC	BTCEUR	BTCGBP	ETHBTC

Ethereum Price at Support: Will It Bounce or Break?

09/10/2024 4:28am

NEWSBTC

Ethereum price corrected gains and tested the $2,400 support. ETH is now consolidating and might aim for a fresh increase above the $2,465 resistance. Ethereum started a downside correction below the $2,500 zone. The price is trading just above $2,430 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $2,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,400 support level to start another increase in the near term. Ethereum Price Holds Support Ethereum price failed to extend gains above the $2,500 resistance zone. ETH started a downside correction like Bitcoin and traded below the $2,465 support zone. There was also a move below the $2,420 level. The price tested the 50% Fib retracement level of the upward wave from the $2,310 swing low to the $2,519 high. It seems like the bulls are now protecting more downsides below the $2,400 support level. Ethereum price is now trading just above $2,430 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,465 level. There is also a short-term rising channel forming with support at $2,420 on the hourly chart of ETH/USD. A clear move above the $2,465 resistance might send the price toward the $2,500 resistance. An upside break above the $2,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,600 resistance zone in the near term. The next hurdle sits near the $2,650 level or $2,665. More Losses In ETH? If Ethereum fails to clear the $2,465 resistance, it could start another decline. Initial support on the downside is near the $2,420 level. The first major support sits near the $2,390 zone or the 61.8% Fib retracement level of the upward wave from the $2,310 swing low to the $2,519 high. A clear move below the $2,390 support might push the price toward $2,325. Any more losses might send the price toward the $2,240 support level in the near term. The next key support sits at $2,120. 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 above the 50 zone. Major Support Level – $2,390 Major Resistance Level – $2,465

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