{"id":607136,"date":"2024-05-09T03:03:48","date_gmt":"2024-05-09T03:03:48","guid":{"rendered":"https:\/\/ktsl888.com\/?p=607136"},"modified":"2024-06-11T07:06:51","modified_gmt":"2024-06-11T07:06:51","slug":"ethereum-price-support-2940","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-support-2940\/","title":{"rendered":"Ethereum Price Looks Ready For Another Leg Higher Over If It Holds Support"},"content":{"rendered":"<p><em>Ethereum price is extended losses and tested the $2,940 support. ETH could start a fresh increase if it clears the $3,000 and $3,030 resistance levels.<\/em><\/p>\n<ul>\n<li>Ethereum remained in a bearish zone and traded below the $3,000 level.<\/li>\n<li>The price is trading below $3,050 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $2,980 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair must stay above the $2,940 support to start another increase toward $3,220.<\/li>\n<\/ul>\n<h2>Ethereum Price Dips Below $3K<\/h2>\n<p>Ethereum price remained in a bearish zone and extended losses below the $3,050 level, like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-dips-63500\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>. ETH bears were able to push the price below the $3,000 level.<\/p>\n<p>A low was formed at $2,936 and the price is now <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-bullish-3000\/\" target=\"_blank\" rel=\"noopener \">consolidating losses<\/a>. Ethereum is trading below $3,050 and the 100-hourly Simple Moving Average. Recently, there was a break above a key bearish trend line with resistance at $2,980 on the hourly chart of ETH\/USD.<\/p>\n<p>Immediate resistance is near the $3,000 level or the 23.6% Fib retracement level of the recent decline from the $3,218 swing high to the $2,936 low. The first major resistance is near the $3,030 level or the 100-hourly Simple Moving Average.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Ethereum_37d1c1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-607137\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Ethereum_37d1c1.png?resize=1024%2C461\" alt=\"Ethereum Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Ethereum_37d1c1.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Ethereum_37d1c1.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Ethereum_37d1c1.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Ethereum_37d1c1.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Ethereum_37d1c1.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Ethereum_37d1c1.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Ethereum_37d1c1.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSD on TradingView.com<\/a><\/p>\n<p>The next key resistance sits at $3,080 or the 50% Fib retracement level of the recent decline from the $3,218 swing high to the $2,936 low, above which the price might gain traction and rise toward the $3,150 level. If there is a clear move above the $3,150 level, the price might rise and test the $3,220 resistance. Any more gains could send Ether toward the $3,350 resistance zone.<\/p>\n<h2>More Losses In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,030 resistance, it could start another decline. Initial support on the downside is near the $2,965 level. The first major support is near the $2,940 zone.<\/p>\n<p>The next support is near the $2,880 level. A clear move below the $2,880 support might push the price toward $2,720. Any more losses might send the price toward the $2,650 level in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bearish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\n<p>Major Support Level \u2013 $2,940<\/p>\n<p>Major Resistance Level \u2013 $3,030<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is extended losses and tested the $2,940 support. ETH could start a fresh increase if it clears the $3,000 and $3,030 resistance levels. Ethereum remained in a bearish zone and traded below the $3,000 level. The price is trading below $3,050 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,980 on the hourly chart of ETH\/USD (data feed via Kraken). The pair must stay above the $2,940 support to start another increase toward $3,220. Ethereum Price Dips Below $3K Ethereum price remained in a bearish zone and extended losses below the $3,050 level, like Bitcoin. ETH bears were able to push the price below the $3,000 level. A low was formed at $2,936 and the price is now consolidating losses. Ethereum is trading below $3,050 and the 100-hourly Simple Moving Average. Recently, there was a break above a key bearish trend line with resistance at $2,980 on the hourly chart of ETH\/USD. Immediate resistance is near the $3,000 level or the 23.6% Fib retracement level of the recent decline from the $3,218 swing high to the $2,936 low. The first major resistance is near the $3,030 level or the 100-hourly Simple Moving Average. Source: ETHUSD on TradingView.com The next key resistance sits at $3,080 or the 50% Fib retracement level of the recent decline from the $3,218 swing high to the $2,936 low, above which the price might gain traction and rise toward the $3,150 level. If there is a clear move above the $3,150 level, the price might rise and test the $3,220 resistance. Any more gains could send Ether toward the $3,350 resistance zone. More Losses In ETH? If Ethereum fails to clear the $3,030 resistance, it could start another decline. Initial support on the downside is near the $2,965 level. The first major support is near the $2,940 zone. The next support is near the $2,880 level. A clear move below the $2,880 support might push the price toward $2,720. Any more losses might send the price toward the $2,650 level in the near term. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bearish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $2,940 Major Resistance Level \u2013 $3,030<\/p>\n","protected":false},"author":67,"featured_media":457736,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[65296,1946,8686,78803],"class_list":["post-607136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n<title>Ethereum Price Looks Ready For Another Leg Higher Over If It Holds Support<\/title>\n<meta name=\"description\" content=\"Ethereum price is extended losses and tested the $2,940 support. 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