Ethereum Faces $3,500 Hurdle: What’s Next for the Altcoin Giant?
17 Juillet 2024 - 5:28AM
NEWSBTC
Ethereum price remained stable above the $3,400 resistance zone.
ETH again tested $3,500 and seems to be struggling to continue
higher. Ethereum is holding gains and struggling near the $3,500
zone. The price is trading above $3,400 and the 100-hourly Simple
Moving Average. There is a key bullish trend line forming with
support at $3,350 on the hourly chart of ETH/USD (data feed via
Kraken). The pair could continue to rise if it clears the $3,500
and $3,550 resistance levels. Ethereum Price Faces Key Hurdle, Can
It Continue Higher? Ethereum price remained in a bullish zone above
the $3,350 resistance zone. ETH even climbed above the $3,400
resistance to move further into a positive zone. However, the price
seems to be facing strong resistance near the $3,500 zone, unlike
Bitcoin which surpassed $65,000. A high was formed at $3,515 and
the price is now consolidating gains. The price corrected a few
points and tested the 23.6% Fib retracement level of the upward
wave from the $3,350 swing low to the $3,515 high. Ethereum is now
trading above $3,400 and the 100-hourly Simple Moving Average.
There is also a key bullish trend line forming with support at
$3,350 on the hourly chart of ETH/USD. On the upside, the price is
facing resistance near the $3,500 level. The first major resistance
is near the $3,520 level. The next major hurdle is near the $3,550
level. A close above the $3,550 level might send Ether toward the
$3,650 resistance. The next key resistance is near $3,740. An
upside break above the $3,740 resistance might send the price
higher toward the $3,800 resistance zone in the coming days. Are
Dips Supported In ETH? If Ethereum fails to clear the $3,500
resistance, it could start a downside correction. Initial support
on the downside is near $3,420 and the 61.8% Fib retracement
level of the upward wave from the $3,350 swing low to the $3,515
high. The first major support sits near the $3,350 zone and the
trend line. A clear move below the $3,350 support might push the
price toward $3,320. Any more losses might send the price toward
the $3,250 support level in the near term. The next key support
sits at $3,220. 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 –
$3,350 Major Resistance Level – $3,500
TRON (COIN:TRXUSD)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
TRON (COIN:TRXUSD)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024