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ETHUSD Ethereum

3,533.85

53.74 (1.54%)

11:39:01 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	424,168,576,862	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	53.74	1.54%	3,533.85	3,533.69	3,533.70

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,555.10	3,470.96	3,479.11	3,480.06	1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	11:39:00	0.248056	3,533.72	USD

Price x Volume	Volume	Base Symbol	Related Pairs
99,127,791.93	28,204.71	ETH	ETHEUR	ETHGBP	ETHBTC

ADA Price Underperforms: Can Cardano Catch Up with Other Altcoins?

22/05/2024 3:58am

NEWSBTC

Cardano (ADA) is struggling to start a fresh increase above the $0.500 resistance zone. ADA must stay above the $0.480 support to start a decent upward move. ADA price is struggling to gain bullish momentum above the $0.50 zone. The price is trading above $0.480 and the 100-hourly simple moving average. There is a key bullish trend line forming with support near $0.480 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a close above $0.500. Cardano Price Remains Supported In the past few days, Cardano started a recovery wave from the $0.4620 zone, but lagged behind Bitcoin and Ethereum. ADA price broke the $0.4750 and $0.480 levels to move into a short-term bullish zone. The price even spiked above $0.50 but it failed to continue higher. A high was formed at $0.510 and recently there was a downside correction. The price declined below the $0.4980 support. It dipped below the 23.6% Fib retracement level of the upward move from the $0.4614 swing low to the $0.510 low. Cardano is now trading above $0.480 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support near $0.480 on the hourly chart of the ADA/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $0.4614 swing low to the $0.510 low. On the upside, immediate resistance is near the $0.4980 zone. The first resistance is near $0.510. The next key resistance might be $0.5250. If there is a close above the $0.5250 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.5450 region. Any more gains might call for a move toward $0.5650. Another Decline in ADA? If Cardano’s price fails to climb above the $0.4980 resistance level, it could start another decline. Immediate support on the downside is near the $0.450 level. The next major support is near the $0.480 level. A downside break below the $0.480 level could open the doors for a test of $0.4620. The next major support is near the $0.450 level. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.4850, $0.4800, and $0.4620. Major Resistance Levels – $0.4980, $0.5100, and $0.5250.

1 Year Ethereum Chart

1 Year Ethereum Chart

1 Month Ethereum Chart

1 Month Ethereum Chart

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