Ethereum Price Looks Ready For Another Leg Higher Over If It Holds Support

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	449,335,111,348	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

449,335,111,348

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-5.63	-0.15%	3,741.50	3,741.23	3,741.46

Price Change

Price Change %

Current Price

Bid Price

Offer

-5.63

-0.15%

3,741.50

3,741.23

3,741.46

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,768.74	3,734.14	3,744.82	3,747.13	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,768.74

3,734.14

3,744.82

3,747.13

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:09:14	0.001726	3,741.50	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

08:09:14

0.001726

3,741.50

USD

Price x Volume	Volume	Base Symbol	Related Pairs
47,215,309.63	12,580.61	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

47,215,309.63

12,580.61

Ethereum Price Looks Ready For Another Leg Higher Over If It Holds Support

09/05/2024 4:03am

NEWSBTC

Ethereum price is extended losses and tested the $2,940 support. ETH could start a fresh increase if it clears the $3,000 and $3,030 resistance levels. Ethereum remained in a bearish zone and traded below the $3,000 level. The price is trading below $3,050 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,940 support to start another increase toward $3,220. Ethereum Price Dips Below $3K Ethereum price remained in a bearish zone and extended losses below the $3,050 level, like Bitcoin. ETH bears were able to push the price below the $3,000 level. A low was formed at $2,936 and the price is now consolidating losses. Ethereum is trading below $3,050 and the 100-hourly Simple Moving Average. Recently, there was a break above a key bearish trend line with resistance at $2,980 on the hourly chart of ETH/USD. Immediate resistance is near the $3,000 level or the 23.6% Fib retracement level of the recent decline from the $3,218 swing high to the $2,936 low. The first major resistance is near the $3,030 level or the 100-hourly Simple Moving Average. Source: ETHUSD on TradingView.com The next key resistance sits at $3,080 or the 50% Fib retracement level of the recent decline from the $3,218 swing high to the $2,936 low, above which the price might gain traction and rise toward the $3,150 level. If there is a clear move above the $3,150 level, the price might rise and test the $3,220 resistance. Any more gains could send Ether toward the $3,350 resistance zone. More Losses In ETH? If Ethereum fails to clear the $3,030 resistance, it could start another decline. Initial support on the downside is near the $2,965 level. The first major support is near the $2,940 zone. The next support is near the $2,880 level. A clear move below the $2,880 support might push the price toward $2,720. 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 – $2,940 Major Resistance Level – $3,030

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ETHUSD Ethereum