Ethereum Price Anticipates Upside Break To Shift Sentiment Towards Bullish

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	462,662,175,615	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

462,662,175,615

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	13.83	0.36%	3,854.11	3,853.91	3,854.07

Price Change

Price Change %

Current Price

Bid Price

Offer

13.83

0.36%

3,854.11

3,853.91

3,854.07

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,859.32	3,831.10	3,841.94	3,840.28	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,859.32

3,831.10

3,841.94

3,840.28

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	04:16:23	0.023585	3,854.09	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

04:16:23

0.023585

3,854.09

USD

Price x Volume	Volume	Base Symbol	Related Pairs
39,943,739.24	10,389.55	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

39,943,739.24

10,389.55

Ethereum Price Anticipates Upside Break To Shift Sentiment Towards Bullish

15/05/2024 4:58am

NEWSBTC

Ethereum price is eyeing an upside break above the $2,900 level. ETH must settle above $2,900 and $2,940 to continue higher in the near term. Ethereum is forming a base above the $2,860 support zone. The price is trading below $2,950 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,905 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $2,940 and $2,950 resistance levels. Ethereum Price Eyes Fresh Increase Ethereum price struggled to settle above the $3,000 level and started another decline, like Bitcoin. ETH traded below the $2,950 and $2,940 support levels. The price even traded below $2,900. However, the bulls were again active near the $2,860 support zone. A low was formed at $2,860 and the price is now consolidating losses. It is slowly moving higher above the $2,885 level. Ethereum is now trading below $2,950 and the 100-hourly Simple Moving Average. Immediate resistance is near the $2,900 level. There is also a key bearish trend line forming with resistance at $2,905 on the hourly chart of ETH/USD. The trend line is close to the 23.6% Fib retracement level of the recent decline from the $2,992 swing high to the $2,860 low. An upside break above the trend line might send the price toward the $2,925 level and the 100-hourly Simple Moving Average. The first major resistance is near the $2,940 level or the 61.8% Fib retracement level of the recent decline from the $2,992 swing high to the $2,860 low. Source: ETHUSD on TradingView.com The next key resistance sits at $2,950, above which the price might gain traction and rise toward the $3,000 level. If there is a clear move above the $3,000 level, the price might rise and test the $3,050 resistance. Any more gains could send Ether toward the $3,150 resistance zone. Another Drop In ETH? If Ethereum fails to clear the $2,925 resistance, it could start another decline. Initial support on the downside is near the $2,880 level. The first major support is near the $2,860 zone. The next support is near the $2,810 level. A clear move below the $2,810 support might push the price toward $2,740. Any more losses might send the price toward the $2,650 level in the near term. 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 below the 50 level. Major Support Level – $2,860 Major Resistance Level – $2,925

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ETHUSD Ethereum