{"id":649761,"date":"2024-10-25T03:28:31","date_gmt":"2024-10-25T03:28:31","guid":{"rendered":"https:\/\/ktsl888.com\/?p=649761"},"modified":"2024-10-25T03:06:29","modified_gmt":"2024-10-25T03:06:29","slug":"ethereum-price-battles-2560","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-battles-2560\/","title":{"rendered":"Ethereum Price Battles Resistance: Will It Break Through and Resume Its Rise?"},"content":{"rendered":"<p><em>Ethereum price extended losses and tested the $2,450 support zone. ETH is recovering losses and struggling to gain pace for a move above the $2,550 level.<\/em><\/p>\n<ul>\n<li>Ethereum started a recovery wave from the $2,450 zone.<\/li>\n<li>The price is trading below $2,560 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $2,540 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could start a fresh increase if it clears the $2,580 and $2,600 resistance levels.<\/li>\n<\/ul>\n<h2>Ethereum Price Starts Recovery<\/h2>\n<p>Ethereum price extended its decline below the $2,550 level like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-gains-68k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>. ETH traded as low as $2,445 and recently started an upside correction.<\/p>\n<p>There was a minor increase above the $2,500 level. The price traded above the 23.6% Fib retracement level of the downward wave from the $2,760 swing high to the $2,445 low. There was also a break above a key <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-hurdles-2550\/\" target=\"_blank\" rel=\"noopener \">bearish trend line<\/a> with resistance at $2,540 on the hourly chart of ETH\/USD.<\/p>\n<p>Ethereum price is now trading below $2,560 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,560 level.<\/p>\n<p>The first major resistance is near the $2,580 level and the 100-hourly Simple Moving Average. The main resistance is now forming near $2,600. It is close to the 50% Fib retracement level of the downward wave from the $2,760 swing high to the $2,445 low.<\/p>\n<figure id=\"attachment_649762\" aria-describedby=\"caption-attachment-649762\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Ethereum_45a848.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-649762 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Ethereum_45a848.png?resize=1024%2C478\" alt=\"Ethereum Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Ethereum_45a848.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Ethereum_45a848.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Ethereum_45a848.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Ethereum_45a848.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Ethereum_45a848.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Ethereum_45a848.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Ethereum_45a848.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-649762\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>A clear move above the $2,600 resistance might send the price toward the $2,650 resistance. An upside break above the $2,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,750 resistance zone.<\/p>\n<h2>Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,560 resistance, it could start another decline. Initial support on the downside is near the $2,505 level. The first major support sits near the $2,485 zone.<\/p>\n<p>A clear move below the $2,485 support might push the price toward $2,450. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,340.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n<p>Major Support Level \u2013 $2,500<\/p>\n<p>Major Resistance Level \u2013 $2,580<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price extended losses and tested the $2,450 support zone. ETH is recovering losses and struggling to gain pace for a move above the $2,550 level. Ethereum started a recovery wave from the $2,450 zone. The price is trading below $2,560 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,540 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $2,580 and $2,600 resistance levels. Ethereum Price Starts Recovery Ethereum price extended its decline below the $2,550 level like Bitcoin. ETH traded as low as $2,445 and recently started an upside correction. There was a minor increase above the $2,500 level. The price traded above the 23.6% Fib retracement level of the downward wave from the $2,760 swing high to the $2,445 low. There was also a break above a key bearish trend line with resistance at $2,540 on the hourly chart of ETH\/USD. Ethereum price is now trading below $2,560 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,560 level. The first major resistance is near the $2,580 level and the 100-hourly Simple Moving Average. The main resistance is now forming near $2,600. It is close to the 50% Fib retracement level of the downward wave from the $2,760 swing high to the $2,445 low. A clear move above the $2,600 resistance might send the price toward the $2,650 resistance. An upside break above the $2,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,750 resistance zone. Another Decline In ETH? If Ethereum fails to clear the $2,560 resistance, it could start another decline. Initial support on the downside is near the $2,505 level. The first major support sits near the $2,485 zone. A clear move below the $2,485 support might push the price toward $2,450. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,340. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now below the 50 zone. Major Support Level \u2013 $2,500 Major Resistance Level \u2013 $2,580<\/p>\n","protected":false},"author":67,"featured_media":649763,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83362],"tags":[65296,1946,8686,78803],"class_list":["post-649761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n<title>Ethereum Price Battles Resistance: Will It Break Through and Resume Its Rise?<\/title>\n<meta name=\"description\" content=\"Ethereum price extended losses and tested the $2,450 support zone. 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