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Ethereum Price Next Move Hinges on Clearing This Crucial Hurdle Newsbtc 04 окт 2024

Ethereum Price Next Move Hinges on Clearing This Crucial Hurdle 📉

The Ethereum price has extended its decline below the $2,350 level, but a recovery is on the horizon as it approaches a critical resistance zone around $2,300. Ethereum's price fell further, trading under $2,350, and remains below the $2,400 mark along with the 100-hourly Simple Moving Average.

A significant bearish trend line has formed, pressing resistance at $2,400 as seen on the hourly chart of ETH/USD. To see an appreciable increase in value, the pair must break through the $2,400 and $2,420 resistance levels.

Despite staying in bearish territory and dropping below $2,400, Ethereum price must clear these hurdles for recovery. The coin spiked past $2,320, but it is still consolidating below the 23.6% Fib retracement level in the downward wave from the $2,655 high.

If ETH crosses over the trend line resistance, the price could head towards the $2,480 resistance, aligning with the 50% Fib level from $2,655 to $2,311. Breaking past the $2,480 resistance may lead to further gains.

However, failure to clear $2,400 resistance may result in another decline. Initial support emerges around $2,350, though a deeper drop could take the price to $2,220 or even lower.

Источник: www.newsbtc.com ↗

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Ethereum Price $3K Rally at Risk as ETH Turns Inflationary Post-Dencun Coingape 06 окт 2024
Ethereum Price $3K Rally at Risk as ETH Turns Inflationary Post-Dencun
Ethereum’s Next Move: Breaking $2,700 or Falling Back? Blockonomi 17 окт 2024
Ethereum’s Next Move: Breaking $2,700 or Falling Back?
Analysts divided: Will Ethereum break the $3,400 barrier soon? Ambcrypto 18 ноя 2024
Analysts divided: Will Ethereum break the $3,400 barrier soon?
Ethereum Price Records Mixed Sentiments! Can ETH Price Break $4k? Coinpedia 15 ноя 2024
Ethereum Price Records Mixed Sentiments! Can ETH Price Break $4k?
Why Is Ethereum Price Stuck Below $4,000? Coingape 14 ноя 2024
Why Is Ethereum Price Stuck Below $4,000?
Ethereum (ETH) Price: Technical Indicators Signal Potential Rally to $6,000 Blockonomi 2 недели назад
Ethereum (ETH) Price: Technical Indicators Signal Potential Rally to $6,000
Ethereum Showcases Resilience and Growth Following Recent Declines Cointurk 22 ноя 2024
Ethereum Showcases Resilience and Growth Following Recent Declines
Experts Assess Ethereum’s Price Trends and Support Levels Cointurk 13 окт 2024
Experts Assess Ethereum’s Price Trends and Support Levels
Ethereum Approaches Critical $3,920 Resistance Level Amidst Bullish Momentum and Increased Whale Activity Coinotag 2 недели назад
Ethereum Approaches Critical $3,920 Resistance Level Amidst Bullish Momentum and Increased Whale Activity
Could Ethereum’s Support at $2,300 Signal a Potential Rally Towards $6,000? Coinotag 08 окт 2024
Could Ethereum’s Support at $2,300 Signal a Potential Rally Towards $6,000?
Ethereum Tests Key Support Level as Market Eyes Potential Recovery Towards $6,000 Coinotag 27 окт 2024
Ethereum Tests Key Support Level as Market Eyes Potential Recovery Towards $6,000
Ethereum Surpasses $3,000 Amid Gains While Trader Suggests Potential Reversal Coinotag 09 ноя 2024
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 окт 2024
Could Ethereum (ETH) Overcome Current Challenges to Reclaim the $2,600 Level?
Ethereum Poised for Volatility: Key Liquidation Thresholds at $3800 and $3600 Explained Coinotag 3 недели назад
Ethereum Poised for Volatility: Key Liquidation Thresholds at $3800 and $3600 Explained
Ethereum Price Targets $3,562 Amid Strong Bullish Momentum and Potential for Further Gains Coinotag 13 ноя 2024
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 18 окт 2024
Ethereum Price Predictions: Will ETH Rebound Above $3,000 or Face a Downturn?
Ethereum Tests $3.6K Resistance: Could a Breakout Lead to $3.9K? Coinotag 3 недели назад
Ethereum Tests $3.6K Resistance: Could a Breakout Lead to $3.9K?
Ethereum Shows Signs of Resilience as Bulls Aim for Potential Rally Toward $3,600 Amid Decreasing Selling Pressure Coinotag 17 ноя 2024
Ethereum Shows Signs of Resilience as Bulls Aim for Potential Rally Toward $3,600 Amid Decreasing Selling Pressure
Ethereum Eyes $4,000 Amid Resistance at $3,900: Will Bulls Breakthrough? Coinotag 1 неделю назад
Ethereum Eyes $4,000 Amid Resistance at $3,900: Will Bulls Breakthrough?
Ethereum (ETH) Navigates Potential Price Shifts: Could It Drop to $2,320 or Rise to $3,102? Coinotag 15 окт 2024
Ethereum (ETH) Navigates Potential Price Shifts: Could It Drop to $2,320 or Rise to $3,102?
Ether Appears Poised for Breakout Above $3,700 Despite Selling Pressure from Whales and Early Investors Coinotag 22 ноя 2024
Ether Appears Poised for Breakout Above $3,700 Despite Selling Pressure from Whales and Early Investors
Ethereum Price Analysis: Potential Decline Below $2,900 or Rebound Toward $3,443 Amid Weak Market Momentum Coinotag 15 ноя 2024
Ethereum Price Analysis: Potential Decline Below $2,900 or Rebound Toward $3,443 Amid Weak Market Momentum
Could Ethereum Approach $3K as Bitcoin Remains Dominant After Election? Coinotag 09 ноя 2024
Could Ethereum Approach $3K as Bitcoin Remains Dominant After Election?
Exploring the Possibilities: Could Ethereum (ETH) Break Resistance at $2,836 or Slip to $2,062? Coinotag 10 окт 2024
Exploring the Possibilities: Could Ethereum (ETH) Break Resistance at $2,836 or Slip to $2,062?
Ethereum Faces Critical Resistance as ETH/BTC Pair Struggles in Market Dynamics Coinotag 17 ноя 2024
Ethereum Faces Critical Resistance as ETH/BTC Pair Struggles in Market Dynamics
Ethereum Shows Potential for Growth, Eyes Resistance Levels Between $3,420 and $3,600 Coinotag 23 ноя 2024
Ethereum Shows Potential for Growth, Eyes Resistance Levels Between $3,420 and $3,600