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ETHUSD Ethereum

2,500.83

-14.50 (-0.58%)

06:18:05 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	300,834,848,160	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-14.50	-0.58%	2,500.83	2,500.44	2,500.45

High Price	Low Price	Open Price	Prev. Close	52 Week Range
2,529.09	2,464.83	2,518.09	2,515.33	1,777.00 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	06:18:04	0.001346	2,501.51	USD

Price x Volume	Volume	Base Symbol	Related Pairs
42,388,385.39	16,941.36	ETH	ETHEUR	ETHGBP	ETHBTC

Ethereum Price Tumbles: Will It Find a Way Back Up?

01/11/2024 4:08am

NEWSBTC

Ethereum price started a fresh decline from the $2,720 resistance. ETH is back below $2,550 and might struggle to start a fresh increase in the short term. Ethereum started a fresh decline from the $2,720 resistance zone. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it fails to stay above the $2,450 support zone. Ethereum Price Dives Below $2,550 Ethereum price struggled to stay above $2,650 and started a fresh decline like Bitcoin. ETH declined heavily below the $2,620 and $2,600 levels. There was a break below a key bullish trend line with support at $2,560 on the hourly chart of ETH/USD. The pair declined below the 50% Fib retracement level of the upward wave from the $2,488 swing low to the $2,719 high. The bears even pushed the price below $2,550. Ethereum price is now trading below $2,550 and the 100-hourly Simple Moving Average. It is now approaching the $2,460 support zone and the 61.8% Fib retracement level of the upward wave from the $2,488 swing low to the $2,719 high. On the upside, the price seems to be facing hurdles near the $2,550 level. The first major resistance is near the $2,580 level. The main resistance is now forming near $2,610. A clear move above the $2,610 resistance might send the price toward the $2,650 resistance. An upside break above the $2,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2.720 resistance zone. More Downsides In ETH? If Ethereum fails to clear the $2,550 resistance, it could continue to move down. Initial support on the downside is near the $2,480 level. The first major support sits near the $2,450 zone. A clear move below the $2,450 support might push the price toward $2,380. Any more losses might send the price toward the $2,320 support level in the near term. The next key support sits at $2,250. 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 zone. Major Support Level – $2,450 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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