Ethereum

Resistance

Ethereum price faced rejection and dropped from the $3,650 zone. ETH retested the $3,320 support and might start another increase. 
<ul> 
 <li>Ethereum started another decline and traded below the $3,500 support zone.</li> 
 <li>The price is trading below $3,500 and the 100-hourly Simple Moving Average.</li> 
 <li>There is a key bearish trend line forming with resistance near $3,420 on the hourly chart of ETH/USD (data feed via Kraken).</li> 
 <li>The pair could gain bullish momentum if it settles above the $3,450 resistance zone.</li> 
</ul> 
<h2 id="ethereum-price-dips-again">Ethereum Price Dips Again</h2> 
Ethereum price struggled to continue higher above the $3,650 resistance. ETH faced rejection and started a fresh decline below the $3,550 level, like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-dumped-to-66k/" target="_blank" rel="noopener ">Bitcoin</a>. 
There was a sharp move below the $3,500 and $3,450 levels. Finally, it retested the $3,320 support zone. A low was formed at $3,324 and the price is now attempting a recovery wave. There was a move above the $3,360 level. Ethereum is now trading below $3,500 and the <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-stays-bullish-3550/" target="_blank" rel="noopener ">100-hourly Simple Moving Average</a>. 
On the upside, immediate resistance is near the $3,400 level. It is near the 23.6% Fib retracement level of the downward move from the $3,654 swing high to the $3,324 low. 
The first major resistance is near the $3,420 level and the trend line. The next key resistance sits at $3,450, above which the price might test the 50% Fib retracement level of the downward move from the $3,654 swing high to the $3,324 low. 
The next key resistance is seen near the $3,520 level and the 100-hourly Simple Moving Average, above which Ether could gain bullish momentum. In the stated case, the price could rise toward the $3,650 barrier. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/04/Ethereum_049d2e.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-600881" src="https://www.newsbtc.com/wp-content/uploads/2024/04/Ethereum_049d2e.png?resize=1024%2C461" alt="Ethereum Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/Ethereum_049d2e.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/04/Ethereum_049d2e.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/04/Ethereum_049d2e.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/04/Ethereum_049d2e.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/04/Ethereum_049d2e.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/04/Ethereum_049d2e.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/04/Ethereum_049d2e.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
Source: <a href="https://www.tradingview.com/symbols/ETHUSD/" target="_blank" rel="noopener nofollow">ETHUSD on TradingView.com</a> 
If there is a move above the $3,650 resistance, Ethereum could even climb toward the $3,720 resistance. Any more gains might call for a test of $3,880. 
<h2 id="more-losses-in-eth">More Losses In ETH?</h2> 
If Ethereum fails to clear the $3,420 resistance, it could continue to move down. Initial support on the downside is near the $3,320 level. 
The first major support is near the $3,250 zone. The next key support could be the $3,220 zone. A clear move below the $3,220 support might send the price toward $3,120. Any more losses might send the price toward the $3,040 level. 
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 below the 50 level. 
Major Support Level – $3,320 
Major Resistance Level – $3,420

Ethereum Price Drops To Support, Another Chance To Load ETH?

목차

NewsBTC

2024년 4월 2일에 게재된 다른 기사

Can Cooperation Guarantee AI Safety? U.S. and U.K. Governments Join Forces

Peter Schiff on Silver: "It's Bitcoin 2.0"

Best Altcoin Today: Presale Performance Drives Algotech Above $3.6M Amid Dogecoin Dump and Dogwif...

Bitcoin Plunge under $67,000 Sparks $400 Million Liquidations in Crypto Trading Market

Best 3 Cryptos To Conquer The Bull Market: Cardano, Monero & Scorpion Casino

TRON challenges US SEC, citing global ICO and vague digital asset regulations

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!