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{"id":640858,"date":"2024-09-10T03:28:25","date_gmt":"2024-09-10T03:28:25","guid":{"rendered":"https:\/\/ktsl888.com\/?p=640858"},"modified":"2024-09-10T03:07:28","modified_gmt":"2024-09-10T03:07:28","slug":"ethereum-price-recovers-2320","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-recovers-2320\/","title":{"rendered":"Ethereum Price Recovers Higher But Lacks Bullish Drive To Test $2,500"},"content":{"rendered":"

Ethereum price is attempting a recovery wave above $2,320. ETH might struggle to gain pace for a move toward the $2,500 resistance zone.<\/em><\/p>\n

\n
Ethereum is attempting a recovery wave above the $2,250 zone.<\/li>\n
The price is trading above $2,320 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting bullish trend line forming with support at $2,320 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair must clear the $2,400 resistance to continue higher in the near term.<\/li>\n<\/ul>\n
Ethereum Price Recovers Above $2,320<\/h2>\n
Ethereum price started a recovery wave above the $2,250 level. ETH was able to clear the $2,280 resistance zone to move into a positive zone, but momentum was weak compared to Bitcoin<\/a>.<\/p>\n
There was a move above the 50% Fib retracement level of the downward move from the $2,488 swing high to the $2,150 low. The bulls were able to push the price above the $2,320 resistance zone. The price even spiked above the $2,350 level.<\/p>\n
Ethereum price is now trading above $2,320 and the 100-hourly Simple Moving Average<\/a>. There is also a connecting bullish trend line forming with support at $2,320 on the hourly chart of ETH\/USD.<\/p>\n
On the upside, the price seems to be facing hurdles near the $2,375 level. The first major resistance is near the $2,400 level or the 76.4% Fib retracement level of the downward move from the $2,488 swing high to the $2,150 low. A close above the $2,400 level might send Ether toward the $2,450 resistance.<\/p>\n
$\"Ethereum$ <\/a>
Source: ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The next key resistance is near $2,500. An upside break above the $2,500 resistance might send the price higher toward the $2,550 resistance zone in the near term.<\/p>\n
Another Decline In ETH?<\/h2>\n
If Ethereum fails to clear the $2,400 resistance, it could start another decline. Initial support on the downside is near $2,320 and the trend line. The first major support sits near the $2,240 zone.<\/p>\n
A clear move below the $2,240 support might push the price toward $2,150. Any more losses might send the price toward the $2,050 support level in the near term. The next key support sits at $2,000.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is now above the 50 zone.<\/p>\n
Major Support Level \u2013 $2,320<\/p>\n
Major Resistance Level \u2013 $2,400<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is attempting a recovery wave above $2,320. ETH might struggle to gain pace for a move toward the $2,500 resistance zone. Ethereum is attempting a recovery wave above the $2,250 zone. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,320 on the hourly chart of ETH\/USD (data feed via Kraken). The pair must clear the $2,400 resistance to continue higher in the near term. Ethereum Price Recovers Above $2,320 Ethereum price started a recovery wave above the $2,250 level. ETH was able to clear the $2,280 resistance zone to move into a positive zone, but momentum was weak compared to Bitcoin. There was a move above the 50% Fib retracement level of the downward move from the $2,488 swing high to the $2,150 low. The bulls were able to push the price above the $2,320 resistance zone. The price even spiked above the $2,350 level. Ethereum price is now trading above $2,320 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2,320 on the hourly chart of ETH\/USD. On the upside, the price seems to be facing hurdles near the $2,375 level. The first major resistance is near the $2,400 level or the 76.4% Fib retracement level of the downward move from the $2,488 swing high to the $2,150 low. A close above the $2,400 level might send Ether toward the $2,450 resistance. The next key resistance is near $2,500. An upside break above the $2,500 resistance might send the price higher toward the $2,550 resistance zone in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,400 resistance, it could start another decline. Initial support on the downside is near $2,320 and the trend line. The first major support sits near the $2,240 zone. A clear move below the $2,240 support might push the price toward $2,150. Any more losses might send the price toward the $2,050 support level in the near term. The next key support sits at $2,000. Technical Indicators Hourly MACD \u2013 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 \u2013 $2,320 Major Resistance Level \u2013 $2,400<\/p>\n","protected":false},"author":67,"featured_media":640860,"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-640858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Recovers Higher But Lacks Bullish Drive To Test $2,500<\/title>\n<meta name=\"description\" content=\"Ethereum price is attempting a recovery wave above $2,320. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/ktsl888.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Price Recovers Higher But Lacks Bullish Drive To Test $2,500","url":"http:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-recovers-2320\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-recovers-2320\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Ethereum-Rise.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Ethereum-Rise.jpg?fit=1792%2C1024"},"articleSection":"ETH","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ethbtc","ethereum","ethusd","ethusdt"],"dateCreated":"2024-09-10T03:28:25Z","datePublished":"2024-09-10T03:28:25Z","dateModified":"2024-09-10T03:28:25Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Recovers Higher But Lacks Bullish Drive To Test $2,500\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/analysis\\\/eth\\\/ethereum-price-recovers-2320\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/analysis\\\/eth\\\/ethereum-price-recovers-2320\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Ethereum-Rise.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Ethereum-Rise.jpg?fit=1792%2C1024\"},\"articleSection\":\"ETH\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ethbtc\",\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2024-09-10T03:28:25Z\",\"datePublished\":\"2024-09-10T03:28:25Z\",\"dateModified\":\"2024-09-10T03:28:25Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Ethereum-Rise.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/640858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=640858"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/640858\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/640860"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=640858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=640858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=640858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}