市值
24小时
6566
Cryptocurrencies
51.43%
Bitcoin 分享

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

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


NewsBTC
2024-08-29 03:48:28

Ethereum price tested the $2,400 zone and recovered some losses. ETH must clear the $2,550 resistance zone to start a decent increase in the near term. Ethereum started a consolidation phase after a sharp decline to $2,400. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,555 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it clears the $2,555 and $2,600 resistance levels. Ethereum Price Eyes Recovery Ethereum price extended its decline below the $2,650 level. ETH even traded below the $2,550 and $2,500 support levels like Bitcoin. Finally, the bulls appeared near the $2,400 zone. A low was formed at $2,394 and the price recently started a minor recovery wave. There was a move above the $2,450 and $2,480 levels. It broke the 23.6% Fib retracement level of the downward wave from the $2,820 swing high to the $2,394 low. Ethereum price is now trading below $2,550 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,550 level. There is also a key bearish trend line forming with resistance at $2,555 on the hourly chart of ETH/USD. The first major resistance is near the $2,600 level. It is near the 50% Fib retracement level of the downward wave from the $2,820 swing high to the $2,394 low. A close above the $2,600 level might send Ether toward the $2,665 resistance. The next key resistance is near $2,720. An upside break above the $2,720 resistance might send the price higher toward the $2,820 resistance zone in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,555 resistance, it could start another decline. Initial support on the downside is near $2,480. The first major support sits near the $2,450 zone. A clear move below the $2,450 support might push the price toward $2,425 where the bulls could emerge. 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 losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,450 Major Resistance Level – $2,550


阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约