Ethereum Price Takes Hit and Turns At Risk of Fresh Lows

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	468,425,100,529	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

468,425,100,529

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	73.92	1.93%	3,899.40	3,899.53	3,899.71

Price Change

Price Change %

Current Price

Bid Price

Offer

73.92

1.93%

3,899.40

3,899.53

3,899.71

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,950.00	3,821.01	3,825.74	3,825.48	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,950.00

3,821.01

3,825.74

3,825.48

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
BSTP	12:32:16	0.001885	3,899.60	USD

Exchange

Last Trade

Size

Trade Price

Currency

BSTP

12:32:16

0.001885

3,899.60

USD

Price x Volume	Volume	Base Symbol	Related Pairs
85,640,650.87	21,951.99	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

85,640,650.87

21,951.99

Ethereum Price Takes Hit and Turns At Risk of Fresh Lows

13/05/2024 6:47am

NEWSBTC

Ethereum price is gaining bearish momentum below $2,950. ETH might continue to move down toward the $2,550 support in the near term. Ethereum struggled to clear the $2,950 resistance and started a fresh decline. The price is trading below $2,920 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,910 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if there is a move below the $2,850 support. Ethereum Price Extends Losses Ethereum price failed to continue higher above the $2,950 resistance, like Bitcoin. A high was formed at $2,951 and the price started a fresh decline. There was a steady decline below the $2,920 and $2,900 levels. A low has formed at $2,864 and the price is now consolidating losses. It is trading near the 23.6% Fib retracement level of the downward move from the $2,951 swing high to the $2,864 low. Ethereum is now trading below $2,950 and the 100-hourly Simple Moving Average. Immediate resistance is near the $2,900 level. The first major resistance is near the $2,920 level or the 50% Fib retracement level of the downward move from the $2,951 swing high to the $2,864 low. There is also a key bearish trend line forming with resistance at $2,910 on the hourly chart of ETH/USD. The next key resistance sits at $2,950 and 100-hourly Simple Moving Average, above which the price might gain traction and rise toward the $3,020 level. Source: ETHUSD on TradingView.com If there is a clear move above the $3,020 level, the price might rise and test the $3,150 resistance. Any more gains could send Ether toward the $3,250 resistance zone. More Losses In ETH? If Ethereum fails to clear the $2,920 resistance, it could start another decline. Initial support on the downside is near the $2,865 level. The first major support is near the $2,840 zone. The next support is near the $2,780 level. A clear move below the $2,780 support might push the price toward $2,650. Any more losses might send the price toward the $2,550 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $2,865 Major Resistance Level – $2,920

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ETHUSD Ethereum