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ETHUSD Ethereum

3,181.08

2.79 (0.09%)

13:41:28 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	383,613,331,737	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	2.79	0.09%	3,181.08	3,180.88	3,181.18

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,223.56	3,150.68	3,190.80	3,178.29	2,112.00 - 4,109.67

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	13:41:28	0.001555	3,181.18	USD

Price x Volume	Volume	Base Symbol	Related Pairs
345,592,123.28	108,325.39	ETH	ETHEUR	ETHGBP	ETHBTC

Ethereum Price Shows Weakness: Can It Overcome The Struggles?

08/08/2024 4:18am

NEWSBTC

Ethereum price failed to continue higher above the $2,550 resistance zone. ETH is now consolidating near $2,450 and showing a few bearish signs. Ethereum started a recovery wave above the $2,400 and $2,420 levels. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise steadily if it clears the $2,550 resistance zone. Ethereum Price Struggles Below $2,550 Ethereum price started a recovery wave above the $2,250 resistance level. ETH climbed above the $2,320 and $2,450 resistance levels like Bitcoin above $65,000. However, the bears were active near the $2,550 resistance zone. A high was formed at $2,555 before there was a downside correction. The price declined below the $2,450 level. It dipped below the 23.6% Fib retracement level of the upward move from the $1,911 swing low to the $2,555 high. Besides, there was a break below a connecting bullish trend line with support at $2,500 on the hourly chart of ETH/USD. The pair tested the $2,320 support and is currently rising. Ethereum price is still trading below $2,550 and the 100-hourly Simple Moving Average. On the upside, the price is facing hurdles near the $2,500 level. The first major resistance is near the $2,550 level and the 100-hourly Simple Moving Average. A close above the $2,550 level might send Ether toward the $2,685 resistance. The next key resistance is near $2,865. An upside break above the $2,865 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 $2,550 resistance, it could start another decline. Initial support on the downside is near $2,350. The first major support sits near the $2,300 zone. A clear move below the $2,300 support might push the price toward $2,150 and the 61.8% Fib retracement level of the upward move from the $1,911 swing low to the $2,555 high. Any more losses might send the price toward the $2,120 support level in the near term. The next key support sits at $2,050. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,300 Major Resistance Level – $2,550

1 Year Ethereum Chart

1 Year Ethereum Chart

1 Month Ethereum Chart

1 Month Ethereum Chart

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