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ETHUSD Ethereum

3,397.00

65.87 (1.98%)

13:28:03 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	408,479,376,723	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	65.87	1.98%	3,397.00	3,397.14	3,397.15

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,437.87	3,312.68	3,332.81	3,331.13	2,080.02 - 4,109.67

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	13:28:03	0.002783	3,396.66	USD

Price x Volume	Volume	Base Symbol	Related Pairs
188,521,989.83	55,861.52	ETH	ETHEUR	ETHGBP	ETHBTC

Cardano (ADA) Struggles to Hold Ground: Another Drop Incoming?

26/12/2024 5:08am

NEWSBTC

Cardano price started a downside correction below the $1.00 zone. ADA is consolidating and facing hurdles near the $0.920 and $0.950 levels. ADA price started a downward move below the $1.00 support zone. The price is trading below $0.950 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.92 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.950 resistance zone. Cardano Price Starts Fresh Decline After struggling to clear the $1.00 resistance zone, Cardano started a fresh decline, like Bitcoin and Ethereum. ADA declined below the $0.9650 and $0.950 support levels. The recent high was formed at $0.9495 before the price dipped. There was a move below the $0.920 support level. The price declined below the 50% Fib retracement level of the upward move from the $0.8628 swing low to the $0.9495 high. Cardano price is now trading below $0.925 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.920 zone. There is also a connecting bearish trend line forming with resistance at $0.92 on the hourly chart of the ADA/USD pair. The first resistance is near $0.9350. The next key resistance might be $0.950. If there is a close above the $0.950 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.00 region. Any more gains might call for a move toward $1.050 in the near term. More Losses in ADA? If Cardano’s price fails to climb above the $0.920 resistance level, it could start another decline. Immediate support on the downside is near the $0.8950 level or the 61.8% Fib retracement level of the upward move from the $0.8628 swing low to the $0.9495 high. The next major support is near the $0.865 level. A downside break below the $0.8650 level could open the doors for a test of $0.820. The next major support is near the $0.8050 level where the bulls might emerge. 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 – $0.8950 and $0.8650. Major Resistance Levels – $0.920 and $0.950.

1 Year Ethereum Chart

1 Year Ethereum Chart

1 Month Ethereum Chart

1 Month Ethereum Chart

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