• bitcoinBitcoin (BTC) $ 117,251.00
  • ethereumEthereum (ETH) $ 3,045.29
  • xrpXRP (XRP) $ 2.92
  • tetherTether (USDT) $ 0.999788
  • bnbBNB (BNB) $ 683.96
  • solanaSolana (SOL) $ 160.99
  • usd-coinUSDC (USDC) $ 0.999906
  • dogecoinDogecoin (DOGE) $ 0.194835
  • tronTRON (TRX) $ 0.298822
  • staked-etherLido Staked Ether (STETH) $ 3,039.89
  • cardanoCardano (ADA) $ 0.730458
  • hyperliquidHyperliquid (HYPE) $ 47.17
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 117,215.00
  • stellarStellar (XLM) $ 0.453109
  • suiSui (SUI) $ 4.05
  • wrapped-stethWrapped stETH (WSTETH) $ 3,683.97
  • chainlinkChainlink (LINK) $ 15.74
  • hedera-hashgraphHedera (HBAR) $ 0.233301
  • bitcoin-cashBitcoin Cash (BCH) $ 490.38
  • avalanche-2Avalanche (AVAX) $ 21.33
  • leo-tokenLEO Token (LEO) $ 9.03
  • wrapped-eethWrapped eETH (WEETH) $ 3,260.82
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • wethWETH (WETH) $ 3,041.96
  • the-open-networkToncoin (TON) $ 3.02
  • litecoinLitecoin (LTC) $ 94.64
  • usdsUSDS (USDS) $ 0.999806
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • whitebitWhiteBIT Coin (WBT) $ 44.44
  • moneroMonero (XMR) $ 336.87
  • polkadotPolkadot (DOT) $ 3.99
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 117,201.00
  • uniswapUniswap (UNI) $ 9.08
  • ethena-usdeEthena USDe (USDE) $ 0.999830
  • pepePepe (PEPE) $ 0.000012
  • bitget-tokenBitget Token (BGB) $ 4.49
  • aaveAave (AAVE) $ 321.19
  • bittensorBittensor (TAO) $ 431.41
  • daiDai (DAI) $ 0.999848
  • pi-networkPi Network (PI) $ 0.444559
  • crypto-com-chainCronos (CRO) $ 0.107809
  • aptosAptos (APT) $ 4.95
  • nearNEAR Protocol (NEAR) $ 2.60
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • ondo-financeOndo (ONDO) $ 0.926768
  • internet-computerInternet Computer (ICP) $ 5.44
  • okbOKB (OKB) $ 47.17
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 195.82
  • ethereum-classicEthereum Classic (ETC) $ 18.36
  • algorandAlgorand (ALGO) $ 0.281003
  • mantleMantle (MNT) $ 0.708612
  • bonkBonk (BONK) $ 0.000030
  • kaspaKaspa (KAS) $ 0.085944
  • usd1-wlfiUSD1 (USD1) $ 0.999752
  • ethenaEthena (ENA) $ 0.348055
  • sei-networkSei (SEI) $ 0.378396
  • vechainVeChain (VET) $ 0.024632
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.033603
  • cosmosCosmos Hub (ATOM) $ 4.60
  • arbitrumArbitrum (ARB) $ 0.418773
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.226739
  • render-tokenRender (RENDER) $ 3.84
  • pump-funPump.fun (PUMP) $ 0.005645
  • fasttokenFasttoken (FTN) $ 4.49
  • susdssUSDS (SUSDS) $ 1.06
  • official-trumpOfficial Trump (TRUMP) $ 9.30
  • gatechain-tokenGate (GT) $ 15.44
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,044.10
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.702887
  • worldcoin-wldWorldcoin (WLD) $ 1.04
  • filecoinFilecoin (FIL) $ 2.56
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 117,104.00
  • skySky (SKY) $ 0.076837
  • quant-networkQuant (QNT) $ 111.43
  • binance-staked-solBinance Staked SOL (BNSOL) $ 170.82
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.72
  • jupiter-exchange-solanaJupiter (JUP) $ 0.499679
  • kucoin-sharesKuCoin (KCS) $ 11.56
  • spx6900SPX6900 (SPX) $ 1.57
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998850
  • usdtbUSDtb (USDTB) $ 0.999659
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,192.35
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,468.05
  • celestiaCelestia (TIA) $ 1.95
  • usdt0USDT0 (USDT0) $ 0.999171
  • nexoNEXO (NEXO) $ 1.30
  • story-2Story (IP) $ 4.33
  • injective-protocolInjective (INJ) $ 12.81
  • fartcoinFartcoin (FARTCOIN) $ 1.23
  • blockstackStacks (STX) $ 0.789069
  • flare-networksFlare (FLR) $ 0.017268
  • xdce-crowd-saleXDC Network (XDC) $ 0.073575
  • optimismOptimism (OP) $ 0.673632
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,270.13
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,197.39
  • sonic-3Sonic (S) $ 0.349583
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 115,721.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999691
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.63
  • dogwifcoindogwifhat (WIF) $ 1.03
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,202.02
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,289.29
  • immutable-xImmutable (IMX) $ 0.529341
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • the-graphThe Graph (GRT) $ 0.099853
  • curve-dao-tokenCurve DAO (CRV) $ 0.712288
  • flokiFLOKI (FLOKI) $ 0.000098
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 117,144.00
  • pax-goldPAX Gold (PAXG) $ 3,337.99
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • clbtcclBTC (CLBTC) $ 118,793.00
  • wbnbWrapped BNB (WBNB) $ 684.51
  • kaiaKaia (KAIA) $ 0.151067
  • vaultaVaulta (A) $ 0.546991
  • iotaIOTA (IOTA) $ 0.220151
  • paypal-usdPayPal USD (PYUSD) $ 0.999369
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 180.73
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.39
  • tether-goldTether Gold (XAUT) $ 3,328.98
  • msolMarinade Staked SOL (MSOL) $ 210.58
  • theta-tokenTheta Network (THETA) $ 0.800191
  • galaGALA (GALA) $ 0.017311
  • jasmycoinJasmyCoin (JASMY) $ 0.016155
  • lido-daoLido DAO (LDO) $ 0.868912
  • raydiumRaydium (RAY) $ 2.89
  • ethereum-name-serviceEthereum Name Service (ENS) $ 22.83
  • the-sandboxThe Sandbox (SAND) $ 0.307065
  • tokenize-xchangeTokenize Xchange (TKX) $ 9.34
  • saros-financeSaros (SAROS) $ 0.279235
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.75
  • ousgOUSG (OUSG) $ 111.80
  • aerodrome-financeAerodrome Finance (AERO) $ 0.826887
  • memecoreMemeCore (M) $ 0.425344
  • zcashZcash (ZEC) $ 42.89
  • pyth-networkPyth Network (PYTH) $ 0.118997
  • super-oethSuper OETH (SUPEROETH) $ 3,040.80
  • tezosTezos (XTZ) $ 0.642824
  • bittorrentBitTorrent (BTT) $ 0.00000068
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998023
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,266.32
  • jito-governance-tokenJito (JTO) $ 1.86
  • falcon-financeFalcon USD (USDF) $ 0.999857
  • pendlePendle (PENDLE) $ 3.97
  • chain-2Onyxcoin (XCN) $ 0.018768
  • walrus-2Walrus (WAL) $ 0.462191
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,172.52
  • mog-coinMog Coin (MOG) $ 0.000002
  • telcoinTelcoin (TEL) $ 0.006761
  • tbtctBTC (TBTC) $ 117,005.00
  • flowFlow (FLOW) $ 0.387562
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,044.99
  • morphoMorpho (MORPHO) $ 1.90
  • wrapped-hypeWrapped HYPE (WHYPE) $ 47.18
  • decentralandDecentraland (MANA) $ 0.312503
  • usual-usdUsual USD (USD0) $ 0.997778
  • newton-projectAB (AB) $ 0.008622
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 114,903.00
  • heliumHelium (HNT) $ 3.05
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 117,258.00
  • coredaoorgCore (CORE) $ 0.535884
  • thorchainTHORChain (RUNE) $ 1.52
  • based-brettBrett (BRETT) $ 0.053656
  • conflux-tokenConflux (CFX) $ 0.103662
  • bitcoin-svBitcoin SV (BSV) $ 26.52
  • staked-hypeStaked HYPE (STHYPE) $ 47.14
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,043.36
  • ripple-usdRipple USD (RLUSD) $ 0.999498
  • apecoinApeCoin (APE) $ 0.643666
  • starknetStarknet (STRK) $ 0.140783
  • beldexBeldex (BDX) $ 0.070324
  • usddUSDD (USDD) $ 0.999852
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.194478
  • build-onBUILDon (B) $ 0.496810
  • true-usdTrueUSD (TUSD) $ 0.998613
  • syrupMaple Finance (SYRUP) $ 0.457380
  • deepDeepBook (DEEP) $ 0.192702
  • arweaveArweave (AR) $ 7.34
  • venomVenom (VENOM) $ 0.229470
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008143
  • stader-ethxStader ETHx (ETHX) $ 3,237.47
  • dydx-chaindYdX (DYDX) $ 0.621715
  • 1inch1inch (1INCH) $ 0.333540
  • kavaKava (KAVA) $ 0.423057
  • compound-governance-tokenCompound (COMP) $ 47.75
  • neoNEO (NEO) $ 6.33
  • aioz-networkAIOZ Network (AIOZ) $ 0.375729
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,357.70
  • apenftAPENFT (NFT) $ 0.00000045
  • elrond-erd-2MultiversX (EGLD) $ 15.34
  • ether-fiEther.fi (ETHFI) $ 1.16
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.37
  • dexeDeXe (DEXE) $ 7.46
  • ecasheCash (XEC) $ 0.000021
  • axie-infinityAxie Infinity (AXS) $ 2.48
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • zksyncZKsync (ZK) $ 0.056945
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999906
  • swethSwell Ethereum (SWETH) $ 3,332.66

Ethereum Price Shows Weakness: Can It Overcome The Struggles?

0 49

Ethereum Price Shows Weakness: Can It Overcome The Struggles?

Ethereum price failed to continue higher above the $2,550 resistance zone. ETH is now consolidating near $2,450 and showing a few bearish signs.

  • Ethereum started a recovery wave above the $2,400 and $2,420 levels.
  • The price is trading below $2,550 and the 100-hourly Simple Moving Average.
  • There was a break below a connecting bullish trend line with support at $2,500 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could rise steadily if it clears the $2,550 resistance zone.

Ethereum Price Struggles Below $2,550

Ethereum price started a recovery wave above the $2,250 resistance level. ETH climbed above the $2,320 and $2,450 resistance levels like Bitcoin above $65,000.

However, the bears were active near the $2,550 resistance zone. A high was formed at $2,555 before there was a downside correction. The price declined below the $2,450 level. It dipped below the 23.6% Fib retracement level of the upward move from the $1,911 swing low to the $2,555 high.

Besides, there was a break below a connecting bullish trend line with support at $2,500 on the hourly chart of ETH/USD. The pair tested the $2,320 support and is currently rising.

Ethereum price is still trading below $2,550 and the 100-hourly Simple Moving Average. On the upside, the price is facing hurdles near the $2,500 level. The first major resistance is near the $2,550 level and the 100-hourly Simple Moving Average.

Ethereum Price Shows Weakness: Can It Overcome The Struggles?

A close above the $2,550 level might send Ether toward the $2,685 resistance. The next key resistance is near $2,865. An upside break above the $2,865 resistance might send the price higher toward the $3,000 resistance zone in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $2,550 resistance, it could start another decline. Initial support on the downside is near $2,350. The first major support sits near the $2,300 zone.

A clear move below the $2,300 support might push the price toward $2,150 and the 61.8% Fib retracement level of the upward move from the $1,911 swing low to the $2,555 high. 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 MACDThe MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $2,300

Major Resistance Level – $2,550

Source

Leave A Reply

Your email address will not be published.