Ethereum Price Gains Strength, Outpaces Bitcoin With An 8% Surge

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	317,285,305,157	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

317,285,305,157

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-87.93	-3.23%	2,635.31	2,635.30	2,635.31

Price Change

Price Change %

Current Price

Bid Price

Offer

-87.93

-3.23%

2,635.31

2,635.30

2,635.31

High Price	Low Price	Open Price	Prev. Close	52 Week Range
2,739.00	2,627.52	2,718.17	2,723.24	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

2,739.00

2,627.52

2,718.17

2,723.24

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:43:44	0.001791	2,635.31	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

10:43:44

0.001791

2,635.31

USD

Price x Volume	Volume	Base Symbol	Related Pairs
151,704,940.64	56,683.51	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

151,704,940.64

56,683.51

Ethereum Price Gains Strength, Outpaces Bitcoin With An 8% Surge

13/08/2024 4:48am

NEWSBTC

Ethereum price started a steady increase above the $2,550 resistance. ETH is beating Bitcoin and might even clear the $2,750 resistance zone. Ethereum started a fresh increase above the $2,550 and $2,650 levels. The price is trading above $2,650 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,695 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains if it clears the $2,750 resistance zone. Ethereum Price Jumps Over 8% Ethereum price remained stable near the $2,520 support zone. ETH formed a base and started a fresh increase above the $2,600 level. The price gained over 8%, outperformed Bitcoin, and even surpassed the $2,650 resistance zone. The price spiked above the $2,720 resistance. A high was formed at $2,748 and the price is now consolidating gains. There is also a connecting bullish trend line forming with support at $2,695 on the hourly chart of ETH/USD. The trend line is close to the 23.6% Fib retracement level of the upward move from the $2,518 swing low to the $2,748 high. Ethereum price is now trading above $2,650 and the 100-hourly Simple Moving Average. If there is another increase, the price might face hurdles near the $2,720 level. The first major resistance is near the $2,750 level. A close above the $2,750 level might send Ether toward the $2,880 resistance. The next key resistance is near $2,920. An upside break above the $2,920 resistance might send the price higher toward the $3,000 resistance zone in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,750 resistance, it could start a downside correction. Initial support on the downside is near $2,700 and the trend line. The first major support sits near the $2,640 zone and the 50% Fib retracement level of the upward move from the $2,518 swing low to the $2,748 high. A clear move below the $2,640 support might push the price toward $2,580. Any more losses might send the price toward the $2,520 support level in the near term. The next key support sits at $2,450. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,695 Major Resistance Level – $2,750

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ETHUSD Ethereum