Ethereum To Match Bitcoin’s Strength and Surge? Indicators Turn Green

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	407,091,285,603	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

407,091,285,603

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	115.19	3.52%	3,387.88	3,387.88	3,387.89

Price Change

Price Change %

Current Price

Bid Price

Offer

115.19

3.52%

3,387.88

3,387.89

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,389.09	3,267.02	3,270.08	3,272.69	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,389.09

3,267.02

3,270.08

3,272.69

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:30:31	0.002560	3,388.01	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

10:30:31

0.002560

3,388.01

USD

Price x Volume	Volume	Base Symbol	Related Pairs
197,691,587.04	59,266.17	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

197,691,587.04

59,266.17

Ethereum To Match Bitcoin’s Strength and Surge? Indicators Turn Green

29/07/2024 4:58am

NEWSBTC

Ethereum price started a decent upward move from the $3,080 support zone. ETH is recovering and might aim for a test of the $3,500 resistance zone. Ethereum is showing positive signs from the $3,150 pivot zone. The price is trading above $3,250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $3,280 support zone. Ethereum Price Eyes Steady Increase To $3,500 Ethereum price formed a base above the $3,080 support zone. A low is formed at $3,087 and the price started a decent increase above the $3,220 resistance zone, but lagged strength like Bitcoin. There was a break above a key bearish trend line with resistance at $3,280 on the hourly chart of ETH/USD. The pair was able to clear the 50% Fib retracement level of the downward move from the $3,540 swing high to the $3,087 low. Ethereum is now trading above $3,250 and the 100-hourly Simple Moving Average. If there are more upsides, the price could face resistance near the $3,375 level or the 61.8% Fib retracement level of the downward move from the $3,540 swing high to the $3,087 low. The first major resistance is near the $3,400 level. The next major hurdle is near the $3,450 level. A close above the $3,450 level might send Ether toward the $3,500 resistance. The next key resistance is near $3,550. An upside break above the $3,550 resistance might send the price higher toward the $3,720 resistance zone in the coming days. Are Dips Limited In ETH? If Ethereum fails to clear the $3,400 resistance, it could start a downside correction. Initial support on the downside is near $3,280. The first major support sits near the $3,250 zone. A clear move below the $3,180 support might push the price toward $3,120. Any more losses might send the price toward the $3,080 support level in the near term. The next key support sits at $3,050. 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 – $3,250 Major Resistance Level – $3,400

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ETHUSD Ethereum