Ethereum Price Stuck Near $3K, Indicators Show Risk of Downside Break

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	372,184,494,788	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

372,184,494,788

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-122.92	-3.82%	3,091.96	3,091.51	3,091.74

Price Change

Price Change %

Current Price

Bid Price

Offer

-122.92

-3.82%

3,091.96

3,091.51

3,091.74

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,249.66	3,088.27	3,209.81	3,214.88	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,249.66

3,088.27

3,209.81

3,214.88

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	09:46:45	0.003400	3,091.76	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

09:46:45

0.003400

3,091.76

USD

Price x Volume	Volume	Base Symbol	Related Pairs
101,928,068.35	32,086.38	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

101,928,068.35

32,086.38

Ethereum Price Stuck Near $3K, Indicators Show Risk of Downside Break

17/04/2024 5:09am

NEWSBTC

Ethereum price is still facing many hurdles near $3,200. ETH could start another major decline if the price stays below $3,200 and $3,280. Ethereum is struggling to recover above the $3,200 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if there is a close below the $2,900 support zone. Ethereum Price Consolidates Ethereum price found support and attempted a recovery wave above the $3,000 resistance zone. ETH was able to climb above the $3,200 level. However, the bears were active near the $3,280 resistance zone. A high was formed at $3,278 and the price reacted to the downside, like Bitcoin. It dipped below the 23.6% Fib retracement level of the upward move from the $2,536 swing low to the $3,278 high. Ethereum is now trading below $3,200 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,100 level. There is also a key bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD. The first major resistance is near the $3,200 level and the 100-hourly Simple Moving Average. Source: ETHUSD on TradingView.com The next key resistance sits at $3,280, above which the price might rise toward the $3,350 level. The key hurdle could be $3,500, above which Ether could gain bullish momentum. In the stated case, the price could rise toward the $3,620 zone. If there is a move above the $3,620 resistance, Ethereum could even climb toward the $3,750 resistance. Another Decline In ETH? If Ethereum fails to clear the $3,200 resistance, it could start another decline. Initial support on the downside is near the $3,000 level. The first major support is near the $2,900 zone or the 50% Fib retracement level of the upward move from the $2,536 swing low to the $3,278 high. The next key support could be the $2,710 zone. A clear move below the $2,710 support might send the price toward $2,650. Any more losses might send the price toward the $2,550 level. 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 above the 50 level. Major Support Level – $2,900 Major Resistance Level – $3,200

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

ETHUSD Ethereum