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{"id":642730,"date":"2024-09-18T03:38:53","date_gmt":"2024-09-18T03:38:53","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=642730"},"modified":"2024-09-18T03:22:11","modified_gmt":"2024-09-18T03:22:11","slug":"ethereum-price-comeback-2385","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/analysis\/eth\/ethereum-price-comeback-2385\/","title":{"rendered":"Ethereum Price Comeback in Jeopardy: Is a Pullback Coming?"},"content":{"rendered":"

Ethereum price started a recovery wave above the $2,320 resistance. ETH is now struggling to gain pace for a move above the $2,385 resistance.<\/em><\/p>\n

\n
Ethereum started another decline from the $2,385 resistance.<\/li>\n
The price is trading below $2,350 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break above a short-term declining channel with resistance at $2,290 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair must clear the $2,350 resistance to continue higher in the near term.<\/li>\n<\/ul>\n
Ethereum Price Attempts Recovery<\/h2>\n
Ethereum price formed a base near $2,250 and started a fresh increase like Bitcoin<\/a>. ETH was able to clear the $2,300 and $2,320 resistance levels.<\/p>\n
There was a break above a short-term declining channel<\/a> with resistance at $2,290 on the hourly chart of ETH\/USD. The pair was able to climb above the 50% Fib retracement level of the downward wave from the $2,465 swing high to the $2,252 low.<\/p>\n
The price even spiked above $2,260 before the bears appeared. There was a rejection near the 61.8% Fib retracement level of the downward wave from the $2,465 swing high to the $2,252 low.<\/p>\n
Ethereum price is now trading below $2,350 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,340 level. The first major resistance is near the $2,385 level. The next key resistance is near $2,420.<\/p>\n
$\"Ethereum$ <\/a>
Source: ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
An upside break above the $2,420 resistance might call for more gains. In the stated case, Ether could rise toward the $2,450 resistance zone in the near term. The next hurdle sits near the $2,550 level.<\/p>\n
Another Decline In ETH?<\/h2>\n
If Ethereum fails to clear the $2,340 resistance, it could start another decline in the near term. Initial support on the downside is near $2,300. The first major support sits near the $2,250 zone.<\/p>\n
A clear move below the $2,250 support might push the price toward $2,180. Any more losses might send the price toward the $2,120 support level in the near term. The next key support sits at $2,050.<\/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 $2,300<\/p>\n
Major Resistance Level \u2013 $2,385<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price started a recovery wave above the $2,320 resistance. ETH is now struggling to gain pace for a move above the $2,385 resistance. Ethereum started another decline from the $2,385 resistance. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There was a break above a short-term declining channel with resistance at $2,290 on the hourly chart of ETH\/USD (data feed via Kraken). The pair must clear the $2,350 resistance to continue higher in the near term. Ethereum Price Attempts Recovery Ethereum price formed a base near $2,250 and started a fresh increase like Bitcoin. ETH was able to clear the $2,300 and $2,320 resistance levels. There was a break above a short-term declining channel with resistance at $2,290 on the hourly chart of ETH\/USD. The pair was able to climb above the 50% Fib retracement level of the downward wave from the $2,465 swing high to the $2,252 low. The price even spiked above $2,260 before the bears appeared. There was a rejection near the 61.8% Fib retracement level of the downward wave from the $2,465 swing high to the $2,252 low. Ethereum price is now trading below $2,350 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,340 level. The first major resistance is near the $2,385 level. The next key resistance is near $2,420. An upside break above the $2,420 resistance might call for more gains. In the stated case, Ether could rise toward the $2,450 resistance zone in the near term. The next hurdle sits near the $2,550 level. Another Decline In ETH? If Ethereum fails to clear the $2,340 resistance, it could start another decline in the near term. Initial support on the downside is near $2,300. The first major support sits near the $2,250 zone. A clear move below the $2,250 support might push the price toward $2,180. Any more losses might send the price toward the $2,120 support level in the near term. The next key support sits at $2,050. 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 $2,300 Major Resistance Level \u2013 $2,385<\/p>\n","protected":false},"author":67,"featured_media":642732,"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-642730","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 Comeback in Jeopardy: Is a Pullback Coming?<\/title>\n<meta name=\"description\" content=\"Ethereum price started a recovery wave above the $2,320 resistance. 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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. 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