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ETHUSD Ethereum

3,311.92
33.76 (1.03%)
10:15:37 - Realtime Data
Name Symbol Market Market Cap ($) Algorithm
Ethereum ETHUSD Crypto 398,022,729,655 Not Mineable
  Price Change Price Change % Current Price Bid Price Offer
  33.76 1.03% 3,311.92 3,312.41 3,312.58
High Price Low Price Open Price Prev. Close 52 Week Range
3,331.48 3,261.52 3,275.02 3,278.16 1,520.85 - 4,093.88
Exchange Last Trade Size Trade Price Currency
GDAX 10:15:37 0.006037 3,311.91 USD
Price x Volume Volume Base Symbol Related Pairs
63,240,908.84 19,198.73 ETH ETHEUR ETHGBP ETHBTC

BNB Price Targeting $600: Can It Reclaim This Milestone?

31/07/2024 6:08am

NEWSBTC


BNB price is holding the $565 support zone. The price is now consolidating and might aim for more gains above $590 in the near term. BNB price started a decent upward move from the $565 support zone. The price is now trading above $580 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $582 on the hourly chart of the BNB/USD pair (data source from Binance). The pair could extend its increase if it clears the $590 resistance in the near term. BNB Price Eyes More Upsides In the past few days, BNB price saw a decent upward move from the $565 support zone, like Ethereum and Bitcoin. The price was able to climb above the $572 and $580 resistance levels. It even cleared the $582 resistance. The current wave surpassed the 50% Fib retracement level of the downward move from the $597 swing high to the $568 low. Besides, there was a break above a key bearish trend line with resistance at $582 on the hourly chart of the BNB/USD pair. The price is now trading above $582 and the 100-hourly simple moving average. It is now consolidating near the 61.8% Fib retracement level of the downward move from the $597 swing high to the $568 low. On the upside, the price could face resistance near the $588 level. The next resistance sits near the $590 level. A clear move above the $590 zone could send the price higher. In the stated case, BNB price could test $600. A close above the $600 resistance might set the pace for a larger increase toward the $620 resistance. Any more gains might call for a test of the $632 level in the near term. Are Dips Limited? If BNB fails to clear the $590 resistance, it could start a downside correction. Initial support on the downside is near the $582 level or the 100-hourly simple moving average. The next major support is near the $575 level. The main support sits at $565. If there is a downside break below the $565 support, the price could drop toward the $550 support. Any more losses could initiate a larger decline toward the $532 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $582 and $575. Major Resistance Levels – $590 and $600.

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