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BTCUSD Bitcoin

67,033.07

1,244.34 (1.89%)

09:09:28 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,313,389,786,205	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	1,244.34	1.89%	67,033.07	67,033.07	67,033.08

High Price	Low Price	Open Price	Prev. Close	52 Week Range
67,477.27	65,749.43	65,782.26	65,788.73	24,900.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	09:09:28	0.000226	67,029.11	USD

Price x Volume	Volume	Base Symbol	Related Pairs
221,424,427.20	3,317.54	BTC	BTCEUR	BTCGBP	ETHBTC

Ethereum Targets Recovery: Can It Mirror Bitcoin’s Performance?

26/07/2024 4:28am

NEWSBTC

Ethereum price extended losses and tested the $3,080 support zone. ETH is recovering and might aim for a test of the $3,350 resistance zone. Ethereum tested $3,080 and started a recovery wave. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $3,220 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $3,180 support zone. Ethereum Price Recovers above $3,200 Ethereum price extended losses below the $3,250 support zone. ETH even declined below $3,150 and tested the $3,080 support zone. A low is formed at $3,087 and the price is now rising but lacks momentum like Bitcoin. There was a move above the $3,200 resistance. The price cleared the 23.6% Fib retracement level of the downward move from the $3,500 swing high to the $3,087 low. Besides, there was a break above a connecting bearish trend line with resistance at $3,220 on the hourly chart of ETH/USD. Ethereum is still trading below $3,350 and the 100-hourly Simple Moving Average. If there are more upsides, the price could face resistance near the $3,300 level. The first major resistance is near the $3,350 level, the 100-hourly Simple Moving Average, and the 61.8% Fib retracement level of the downward move from the $3,500 swing high to the $3,087 low. The next major hurdle is near the $3,400 level. A close above the $3,400 level might send Ether toward the $3,500 resistance. The next key resistance is near $3,550. An upside break above the $3,550 resistance might send the price higher toward the $3,720 resistance zone in the coming days. Another Decline In ETH? If Ethereum fails to clear the $3,300 resistance, it could start another decline. Initial support on the downside is near $3,185. The first major support sits near the $3,120 zone. A clear move below the $3,120 support might push the price toward $3,080. Any more losses might send the price toward the $3,020 support level in the near term. The next key support sits at $2,950. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,185 Major Resistance Level – $3,350

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