Ethereum Price is About to See “Liftoff” if It’s Able to Hold One Crucial Level

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	381,643,574,213	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

381,643,574,213

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-28.10	-0.88%	3,173.96	3,173.95	3,174.06

Price Change

Price Change %

Current Price

Bid Price

Offer

-28.10

-0.88%

3,173.96

3,173.95

3,174.06

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,225.04	3,153.41	3,197.99	3,202.06	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,225.04

3,153.41

3,197.99

3,202.06

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	12:32:44	0.001247	3,173.96	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

12:32:44

0.001247

3,173.96

USD

Price x Volume	Volume	Base Symbol	Related Pairs
70,284,737.15	22,047.82	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

70,284,737.15

22,047.82

Ethereum Price is About to See “Liftoff” if It’s Able to Hold One Crucial Level

07/02/2023 4:17am

NEWSBTC

Ethereum corrected lower and tested $1,600 against the US Dollar. ETH is holding the $1,610 support and might attempt a fresh increase. Ethereum corrected lower, but the bulls are active near the $1,600 zone. The price is now trading below $1,640 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it stays above the $1,600 support zone. Ethereum Price Eyes Fresh Increase Ethereum price started a downside correction below the $1,660 support, similar to bitcoin. ETH extended its decline below the $1,620 level, but the bulls were active near the $1,600 zone. The bears made two attempts to push the price below $1,600, but they failed. A low is formed near $1,605 and the price is now recovering losses. It cleared the $1,620 level. There was a move above the 50% Fib retracement level of the recent decline from the $1,657 swing high to $1,605 low. Ether price is now trading below $1,640 and the 100 hourly simple moving average. An immediate resistance is near the $1,640 level and the 100 hourly simple moving average. There is also a major bearish trend line forming with resistance near $1,640 on the hourly chart of ETH/USD. The trend line is close to the 61.8% Fib retracement level of the recent decline from the $1,657 swing high to $1,605 lo. The next major resistance is near the $1,655 level. An upside break above the $1,655 resistance zone could spark a fresh increase. Source: ETHUSD on TradingView.com In the stated case, the price may perhaps rise towards the $1,700 resistance. Any more gains might send ether price towards the $1,780 resistance zone. Downside Break in ETH? If ethereum fails to clear the $1,640 resistance, it could continue to move down. An initial support on the downside is near the $1,620 level. The next major support is near the $1,600 zone. If there is a break below $1,600, the price might accelerate lower towards the $1,565 support. Any more losses might call for a test of the $1,530 support. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now near the 50 level. Major Support Level – $1,600 Major Resistance Level – $1,640

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ETHUSD Ethereum