Ethereum Price Roadblocks: What’s Hindering A Fresh Increase?
27 Juin 2024 - 5:38AM
NEWSBTC
Ethereum price struggled to recover above the $3,420 resistance
zone. ETH is consolidating and might decline again if there is a
move below $3,320. Ethereum is struggling to gain pace for a move
above the $3,420 zone. The price is trading below $3,400 and the
100-hourly Simple Moving Average. There is a connecting bearish
trend line forming with resistance near $3,400 on the hourly chart
of ETH/USD (data feed via Kraken). The pair must clear the $3,400
and $3,425 resistance levels to continue higher. Ethereum Price
Faces Hurdles Ethereum price started a decent recovery wave above
the $3,320 level. ETH even cleared the $3,350 level but the bears
were active near $3,420. A high was formed at $3,426 and the price
corrected gains like Bitcoin. There was a move below the $3,380
level. The price dipped below the 23.6% Fib retracement level of
the upward move from the $3,230 swing low to the $3,426 high. The
bulls are now trying to protect more downsides below the $3,320
level. Ethereum is still trading below $3,400 and the 100-hourly
Simple Moving Average. On the upside, the price is facing hurdles
near the trend line and $3,400. There is also a connecting bearish
trend line forming with resistance near $3,400 on the hourly chart
of ETH/USD. The first major resistance is near the $3,420 level.
The main resistance is near the $3,450 level. A close above the
$3,450 level might send Ether toward the $3,550 resistance. The
next key resistance is near $3,620. An upside break above the
$3,620 resistance might send the price higher. The next hurdle sits
at $3,680, above which the price might gain traction and rise
toward the $3,720 level. Any more gains could send Ether toward the
$3,880 resistance zone. Another Drop In ETH? If Ethereum fails to
clear the $3,400 resistance, it could start another decline.
Initial support on the downside is near $3,350. The first major
support sits near the $3,320 zone and the 50% Fib retracement level
of the upward move from the $3,230 swing low to the $3,426 high. A
clear move below the $3,320 support might push the price toward
$3,250. Any more losses might send the price toward the $3,200
level in the near term. Technical Indicators Hourly MACD – The MACD
for ETH/USD is losing momentum in the bullish zone. Hourly RSI –
The RSI for ETH/USD is now above the 50 zone. Major Support Level –
$3,320 Major Resistance Level – $3,400
Ethereum (COIN:ETHUSD)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Ethereum (COIN:ETHUSD)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024