{"id":647241,"date":"2024-10-10T03:28:17","date_gmt":"2024-10-10T03:28:17","guid":{"rendered":"https:\/\/ktsl888.com\/?p=647241"},"modified":"2024-10-10T03:06:42","modified_gmt":"2024-10-10T03:06:42","slug":"ethereum-price-retests-2350","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-retests-2350\/","title":{"rendered":"Ethereum Price Retests $2,350: Is a Bounce In The Cards?"},"content":{"rendered":"<p><em>Ethereum price extended losses and tested the $2,350 support. ETH is now consolidating and might aim for a fresh increase above the $2,400 resistance.<\/em><\/p>\n<ul>\n<li>Ethereum started a downside correction below the $2,400 zone.<\/li>\n<li>The price is trading just above $2,420 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a short-term rising channel with support at $2,425 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair must stay above the $2,350 support level to start another increase in the near term.<\/li>\n<\/ul>\n<h2>Ethereum Price Dips Further<\/h2>\n<p>Ethereum price failed to start a fresh increase above the $2,500 resistance zone. ETH remained in a bearish zone like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-decline-60k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and traded below the $2,420 support zone.<\/p>\n<p>There was also a move below the $2,400 level. There was a break below a short-term rising channel with support at $2,425 on the hourly chart of ETH\/USD. The price tested the $2,350 support zone. A low was formed at $2,350 and the price is now rising.<\/p>\n<p>There was a move above the $2,350 and $2,360 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $2,467 swing high to the $2,350 low.<\/p>\n<p>Ethereum price is now trading below $2,425 and the <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-support-2400\/\" 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 or the 50% Fib retracement level of the downward move from the $2,467 swing high to the $2,350 low at $2,410.<\/p>\n<figure id=\"attachment_647242\" aria-describedby=\"caption-attachment-647242\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Ethereum_5915ec.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-647242 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Ethereum_5915ec.png?resize=1024%2C478\" alt=\"Ethereum Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Ethereum_5915ec.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Ethereum_5915ec.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Ethereum_5915ec.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Ethereum_5915ec.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Ethereum_5915ec.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Ethereum_5915ec.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/10\/Ethereum_5915ec.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-647242\" 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 $2,410 resistance might send the price toward the $2,450 resistance. An upside break above the $2,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,550 resistance zone in the near term. The next hurdle sits near the $2,600 level or $2,620.<\/p>\n<h2>More Losses In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,410 resistance, it could start another decline. Initial support on the downside is near the $2,365 level. 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 $2,300. 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 below the 50 zone.<\/p>\n<p>Major Support Level \u2013 $2,350<\/p>\n<p>Major Resistance Level \u2013 $2,410<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price extended losses and tested the $2,350 support. ETH is now consolidating and might aim for a fresh increase above the $2,400 resistance. Ethereum started a downside correction below the $2,400 zone. The price is trading just above $2,420 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel with support at $2,425 on the hourly chart of ETH\/USD (data feed via Kraken). The pair must stay above the $2,350 support level to start another increase in the near term. Ethereum Price Dips Further Ethereum price failed to start a fresh increase above the $2,500 resistance zone. ETH remained in a bearish zone like Bitcoin and traded below the $2,420 support zone. There was also a move below the $2,400 level. There was a break below a short-term rising channel with support at $2,425 on the hourly chart of ETH\/USD. The price tested the $2,350 support zone. A low was formed at $2,350 and the price is now rising. There was a move above the $2,350 and $2,360 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $2,467 swing high to the $2,350 low. Ethereum price is now trading below $2,425 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,400 level or the 50% Fib retracement level of the downward move from the $2,467 swing high to the $2,350 low at $2,410. A clear move above the $2,410 resistance might send the price toward the $2,450 resistance. An upside break above the $2,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,550 resistance zone in the near term. The next hurdle sits near the $2,600 level or $2,620. More Losses In ETH? If Ethereum fails to clear the $2,410 resistance, it could start another decline. Initial support on the downside is near the $2,365 level. The first major support sits near the $2,350 zone. A clear move below the $2,350 support might push the price toward $2,300. 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 below the 50 zone. Major Support Level \u2013 $2,350 Major Resistance Level \u2013 $2,410<\/p>\n","protected":false},"author":67,"featured_media":647243,"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-647241","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 Retests $2,350: Is a Bounce In The Cards?<\/title>\n<meta name=\"description\" content=\"Ethereum price extended losses and tested the $2,350 support. 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