{"id":640176,"date":"2024-09-06T02:58:23","date_gmt":"2024-09-06T02:58:23","guid":{"rendered":"https:\/\/ktsl888.com\/?p=640176"},"modified":"2024-09-06T02:36:37","modified_gmt":"2024-09-06T02:36:37","slug":"ethereum-price-recovery-2500","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-recovery-2500\/","title":{"rendered":"Ethereum Price Poised for Steady Recovery: Can It Build Momentum?"},"content":{"rendered":"<p><em>Ethereum price is attempting a recovery wave above $2,380. ETH must clear the $2,440 resistance to continue higher in the near term.<\/em><\/p>\n<ul>\n<li>Ethereum is attempting a recovery wave from the $2,350 zone.<\/li>\n<li>The price is trading below $2,440 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $2,400 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair must clear the $2,440 resistance to continue higher in the near term.<\/li>\n<\/ul>\n<h2>Ethereum Price Faces Resistance<\/h2>\n<p>Ethereum price attempted a recovery wave above the $2,440 level. However, ETH failed to clear the $2,500 resistance zone. A high was formed at $2,488 and the price declined again like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-struggles-58500\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>It tested the $2,350 support zone. A low was formed at $2,347 and the price is now attempting a recovery wave. There was a move above the $2,365 and $2,380 resistance levels. The price climbed above the 23.6% Fib retracement level of the downward wave from the $2,488 swing high to the $2,347 low.<\/p>\n<p>Ethereum price is now trading below $2,440 and the <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-danger-2500\/\" target=\"_blank\" rel=\"noopener \">100-hourly Simple Moving Average<\/a>. On the upside, the price seems to be facing hurdles near the $2,400 level. There is also a connecting bearish trend line forming with resistance at $2,400 on the hourly chart of ETH\/USD.<\/p>\n<p>The first major resistance is near the $2,440 level or the 61.8% Fib retracement level of the downward wave from the $2,488 swing high to the $2,347 low. A close above the $2,440 level might send Ether toward the $2,500 resistance.<\/p>\n<figure id=\"attachment_640177\" aria-describedby=\"caption-attachment-640177\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Ethereum_c9b1dd.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-640177 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Ethereum_c9b1dd.png?resize=1024%2C461\" alt=\"Ethereum Price \" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Ethereum_c9b1dd.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Ethereum_c9b1dd.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Ethereum_c9b1dd.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Ethereum_c9b1dd.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Ethereum_c9b1dd.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Ethereum_c9b1dd.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Ethereum_c9b1dd.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-640177\" 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>The next key resistance is near $2,550. An upside break above the $2,550 resistance might send the price higher toward the $2,720 resistance zone in the near term.<\/p>\n<h2>Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,440 resistance, it could start another decline. Initial support on the downside is near $2,365. The first major support sits near the $2,350 zone.<\/p>\n<p>A clear move below the $2,350 support might push the price toward $2,310. Any more losses might send the price toward the $2,250 support level in the near term. The next key support sits at $2,120.<\/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 above the 50 zone.<\/p>\n<p>Major Support Level \u2013 $2,350<\/p>\n<p>Major Resistance Level \u2013 $2,440<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is attempting a recovery wave above $2,380. ETH must clear the $2,440 resistance to continue higher in the near term. Ethereum is attempting a recovery wave from the $2,350 zone. The price is trading below $2,440 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,400 on the hourly chart of ETH\/USD (data feed via Kraken). The pair must clear the $2,440 resistance to continue higher in the near term. Ethereum Price Faces Resistance Ethereum price attempted a recovery wave above the $2,440 level. However, ETH failed to clear the $2,500 resistance zone. A high was formed at $2,488 and the price declined again like Bitcoin. It tested the $2,350 support zone. A low was formed at $2,347 and the price is now attempting a recovery wave. There was a move above the $2,365 and $2,380 resistance levels. The price climbed above the 23.6% Fib retracement level of the downward wave from the $2,488 swing high to the $2,347 low. Ethereum price is now trading below $2,440 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,400 level. There is also a connecting bearish trend line forming with resistance at $2,400 on the hourly chart of ETH\/USD. The first major resistance is near the $2,440 level or the 61.8% Fib retracement level of the downward wave from the $2,488 swing high to the $2,347 low. A close above the $2,440 level might send Ether toward the $2,500 resistance. The next key resistance is near $2,550. An upside break above the $2,550 resistance might send the price higher toward the $2,720 resistance zone in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,440 resistance, it could start another decline. Initial support on the downside is near $2,365. The first major support sits near the $2,350 zone. A clear move below the $2,350 support might push the price toward $2,310. Any more losses might send the price toward the $2,250 support level in the near term. The next key support sits at $2,120. 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 above the 50 zone. Major Support Level \u2013 $2,350 Major Resistance Level \u2013 $2,440<\/p>\n","protected":false},"author":67,"featured_media":640178,"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-640176","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 Poised for Steady Recovery: Can It Build Momentum?<\/title>\n<meta name=\"description\" content=\"Ethereum price is attempting a recovery wave above $2,380. 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