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Ethereum Price Hints at Recovery: Is a Comeback in Sight? Newsbtc 29 там 2024

Ethereum Price Hints at Recovery: Is a Comeback in Sight? 📈

Ethereum price has tested the $2,400 level and has shown some recovery signs. However, to sustain a meaningful increase, Ethereum must surpass the $2,550 resistance zone.

The price has entered into a consolidation phase after experiencing a sharp decline to $2,400. Currently, ETH is trading below $2,550 and the 100-hourly Simple Moving Average.

A bearish trend line with resistance at $2,555 on the ETH/USD hourly chart suggests that overcoming this level could trigger a recovery wave.

To confirm a recovery, Ethereum needs to clear resistance levels of $2,555 and $2,600. Overcoming these could push the price to the next resistance at $2,665 and potentially up to $2,820.

If Ethereum fails to clear the $2,555 resistance, it could face further declines. Immediate support levels to watch are $2,480, $2,450, and a more crucial one at $2,425. Further losses could drive the price down to $2,320 or $2,250.

Technical indicators show a loss of momentum in the bearish zone for the MACD, while the RSI is above the 50 zone, suggesting some recovery strength.

Дереккөз: www.newsbtc.com ↗

Ұқсас мақалалар (176)

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Ethereum Falls, Pulls Away from $3,500 Even as Bitcoin Records New ATH
5 Reasons Why Ethereum Price is Stuck Below $3,000 Coingape 2 апта бұрын
5 Reasons Why Ethereum Price is Stuck Below $3,000
Ethereum (ETH) Price Rally to $2,600 Comes with Unsettling Risks Beincrypto 14 қаз 2024
Ethereum (ETH) Price Rally to $2,600 Comes with Unsettling Risks
Ethereum Price Breaks $2,600 as Market Shows Bullish Signs Blockonomi 15 қаз 2024
Ethereum Price Breaks $2,600 as Market Shows Bullish Signs
Ethereum’s Path to $2,700 Uncertain as Unrealized Losses Jump 14% Beincrypto 26 қыр 2024
Ethereum’s Path to $2,700 Uncertain as Unrealized Losses Jump 14%
Ethereum’s Next Move: Breaking $2,700 or Falling Back? Blockonomi 17 қаз 2024
Ethereum’s Next Move: Breaking $2,700 or Falling Back?
Ethereum Struggles Despite Recovery! ETH Price To Retest $2.1K? Coinpedia 03 қыр 2024
Ethereum Struggles Despite Recovery! ETH Price To Retest $2.1K?
Ethereum Price Records Mixed Sentiments! Can ETH Price Break $4k? Coinpedia 1 күн бұрын
Ethereum Price Records Mixed Sentiments! Can ETH Price Break $4k?
Ethereum Price Today: Will ETH Price Rally Above $2,800 Despite Market Uncertainty? Coinpedia 08 қаз 2024
Ethereum Price Today: Will ETH Price Rally Above $2,800 Despite Market Uncertainty?
Experts Assess Ethereum’s Price Trends and Support Levels Cointurk 13 қаз 2024
Experts Assess Ethereum’s Price Trends and Support Levels
Ethereum Price Analysis: Potential Decline Below $2,900 or Rebound Toward $3,443 Amid Weak Market Momentum Coinotag 1 күн бұрын
Ethereum Price Analysis: Potential Decline Below $2,900 or Rebound Toward $3,443 Amid Weak Market Momentum
Ethereum Tests Key Support Level as Market Eyes Potential Recovery Towards $6,000 Coinotag 2 апта бұрын
Ethereum Tests Key Support Level as Market Eyes Potential Recovery Towards $6,000
Ethereum (ETH) Navigates Potential Price Shifts: Could It Drop to $2,320 or Rise to $3,102? Coinotag 15 қаз 2024
Ethereum (ETH) Navigates Potential Price Shifts: Could It Drop to $2,320 or Rise to $3,102?
Ethereum Surpasses $3,000 Amid Gains While Trader Suggests Potential Reversal Coinotag 1 апта бұрын
Ethereum Surpasses $3,000 Amid Gains While Trader Suggests Potential Reversal
Could Ethereum (ETH) Overcome Current Challenges to Reclaim the $2,600 Level? Coinotag 08 қаз 2024
Could Ethereum (ETH) Overcome Current Challenges to Reclaim the $2,600 Level?
Could Ethereum’s Support at $2,300 Signal a Potential Rally Towards $6,000? Coinotag 08 қаз 2024
Could Ethereum’s Support at $2,300 Signal a Potential Rally Towards $6,000?
Could Ethereum Approach $3K as Bitcoin Remains Dominant After Election? Coinotag 1 апта бұрын
Could Ethereum Approach $3K as Bitcoin Remains Dominant After Election?
Ethereum Price Targets $3,562 Amid Strong Bullish Momentum and Potential for Further Gains Coinotag 3 күн бұрын
Ethereum Price Targets $3,562 Amid Strong Bullish Momentum and Potential for Further Gains
Ethereum Price Predictions: Will ETH Rebound Above $3,000 or Face a Downturn? Coinotag 4 апта бұрын
Ethereum Price Predictions: Will ETH Rebound Above $3,000 or Face a Downturn?
Exploring the Possibilities: Could Ethereum (ETH) Break Resistance at $2,836 or Slip to $2,062? Coinotag 10 қаз 2024
Exploring the Possibilities: Could Ethereum (ETH) Break Resistance at $2,836 or Slip to $2,062?