• bitcoinBitcoin (BTC) $ 82,833.00
  • ethereumEthereum (ETH) $ 1,786.17
  • tetherTether (USDT) $ 0.999621
  • xrpXRP (XRP) $ 2.12
  • bnbBNB (BNB) $ 592.68
  • solanaSolana (SOL) $ 118.04
  • usd-coinUSDC (USDC) $ 0.999884
  • dogecoinDogecoin (DOGE) $ 0.168005
  • cardanoCardano (ADA) $ 0.650811
  • tronTRON (TRX) $ 0.237404
  • staked-etherLido Staked Ether (STETH) $ 1,783.01
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 82,548.00
  • leo-tokenLEO Token (LEO) $ 9.07
  • the-open-networkToncoin (TON) $ 3.28
  • chainlinkChainlink (LINK) $ 12.66
  • usdsUSDS (USDS) $ 0.999926
  • stellarStellar (XLM) $ 0.250865
  • wrapped-stethWrapped stETH (WSTETH) $ 2,137.55
  • avalanche-2Avalanche (AVAX) $ 17.90
  • suiSui (SUI) $ 2.21
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • hedera-hashgraphHedera (HBAR) $ 0.160674
  • litecoinLitecoin (LTC) $ 82.15
  • mantra-daoMANTRA (OM) $ 6.28
  • polkadotPolkadot (DOT) $ 3.92
  • bitcoin-cashBitcoin Cash (BCH) $ 298.31
  • bitget-tokenBitget Token (BGB) $ 4.44
  • ethena-usdeEthena USDe (USDE) $ 0.998963
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999576
  • wethWETH (WETH) $ 1,785.12
  • pi-networkPi Network (PI) $ 0.615788
  • wrapped-eethWrapped eETH (WEETH) $ 1,898.09
  • whitebitWhiteBIT Coin (WBT) $ 28.06
  • moneroMonero (XMR) $ 215.62
  • hyperliquidHyperliquid (HYPE) $ 11.61
  • uniswapUniswap (UNI) $ 5.79
  • daiDai (DAI) $ 0.999948
  • okbOKB (OKB) $ 51.29
  • susdssUSDS (SUSDS) $ 1.05
  • pepePepe (PEPE) $ 0.000007
  • nearNEAR Protocol (NEAR) $ 2.44
  • aptosAptos (APT) $ 4.81
  • gatechain-tokenGate (GT) $ 22.17
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 82,710.00
  • tokenize-xchangeTokenize Xchange (TKX) $ 32.53
  • ondo-financeOndo (ONDO) $ 0.802595
  • crypto-com-chainCronos (CRO) $ 0.091349
  • mantleMantle (MNT) $ 0.734870
  • ethereum-classicEthereum Classic (ETC) $ 15.91
  • internet-computerInternet Computer (ICP) $ 4.98
  • aaveAave (AAVE) $ 151.19
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.16
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.994368
  • cosmosCosmos Hub (ATOM) $ 4.86
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • vechainVeChain (VET) $ 0.021635
  • bittensorBittensor (TAO) $ 216.70
  • official-trumpOfficial Trump (TRUMP) $ 9.18
  • ethenaEthena (ENA) $ 0.318345
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 82,606.00
  • fasttokenFasttoken (FTN) $ 4.04
  • filecoinFilecoin (FIL) $ 2.68
  • kaspaKaspa (KAS) $ 0.063839
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.187367
  • render-tokenRender (RENDER) $ 3.13
  • sonic-3Sonic (prev. FTM) (S) $ 0.494564
  • celestiaCelestia (TIA) $ 2.66
  • algorandAlgorand (ALGO) $ 0.182308
  • arbitrumArbitrum (ARB) $ 0.307714
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 82,665.00
  • kucoin-sharesKuCoin (KCS) $ 9.91
  • eosEOS (EOS) $ 0.769840
  • optimismOptimism (OP) $ 0.690649
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.430229
  • makerMaker (MKR) $ 1,321.33
  • jupiter-exchange-solanaJupiter (JUP) $ 0.389116
  • story-2Story (IP) $ 4.21
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,786.07
  • xdce-crowd-saleXDC Network (XDC) $ 0.067962
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,855.89
  • nexoNEXO (NEXO) $ 1.05
  • usdt0USDT0 (USDT0) $ 0.998866
  • binance-staked-solBinance Staked SOL (BNSOL) $ 123.19
  • movementMovement (MOVE) $ 0.373477
  • blockstackStacks (STX) $ 0.594653
  • worldcoin-wldWorldcoin (WLD) $ 0.733798
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,020.22
  • bonkBonk (BONK) $ 0.000011
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999922
  • dexeDeXe (DEXE) $ 14.60
  • usual-usdUsual USD (USD0) $ 0.997987
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999589
  • injective-protocolInjective (INJ) $ 8.17
  • flare-networksFlare (FLR) $ 0.012978
  • sei-networkSei (SEI) $ 0.162376
  • theta-tokenTheta Network (THETA) $ 0.770635
  • the-graphThe Graph (GRT) $ 0.080718
  • immutable-xImmutable (IMX) $ 0.426035
  • tether-goldTether Gold (XAUT) $ 3,045.70
  • lido-daoLido DAO (LDO) $ 0.825448
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 82,362.00
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • wbnbWrapped BNB (WBNB) $ 592.59
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,899.12
  • pax-goldPAX Gold (PAXG) $ 3,060.04
  • walrus-2Walrus (WAL) $ 0.543366
  • tezosTezos (XTZ) $ 0.652008
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 82,641.00
  • galaGALA (GALA) $ 0.014730
  • the-sandboxThe Sandbox (SAND) $ 0.260183
  • kaiaKaia (KAIA) $ 0.107178
  • curve-dao-tokenCurve DAO (CRV) $ 0.477307
  • usdx-money-usdxStables Labs USDX (USDX) $ 1.00
  • bittorrentBitTorrent (BTT) $ 0.00000063
  • zcashZcash (ZEC) $ 38.29
  • iotaIOTA (IOTA) $ 0.164593
  • bitcoin-svBitcoin SV (BSV) $ 30.51
  • berachain-beraBerachain (BERA) $ 5.60
  • flowFlow (FLOW) $ 0.367184
  • msolMarinade Staked SOL (MSOL) $ 151.26
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,858.98
  • jito-governance-tokenJito (JTO) $ 1.74
  • flokiFLOKI (FLOKI) $ 0.000055
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.80
  • honey-3Honey (HONEY) $ 1.00
  • raydiumRaydium (RAY) $ 1.80
  • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 1.00
  • heliumHelium (HNT) $ 2.83
  • grassGrass (GRASS) $ 1.83
  • pendlePendle (PENDLE) $ 3.09
  • true-usdTrueUSD (TUSD) $ 0.998966
  • ethereum-name-serviceEthereum Name Service (ENS) $ 14.90
  • jasmycoinJasmyCoin (JASMY) $ 0.010170
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 129.43
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999961
  • spx6900SPX6900 (SPX) $ 0.524017
  • pyth-networkPyth Network (PYTH) $ 0.131669
  • dydx-chaindYdX (DYDX) $ 0.615078
  • beldexBeldex (BDX) $ 0.068386
  • resolv-usrResolv USR (USR) $ 0.999367
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999973
  • fartcoinFartcoin (FARTCOIN) $ 0.465319
  • pumpbtcpumpBTC (PUMPBTC) $ 79,098.00
  • decentralandDecentraland (MANA) $ 0.241137
  • infrared-beraInfrared Bera (IBERA) $ 5.64
  • coredaoorgCore (CORE) $ 0.436090
  • axie-infinityAxie Infinity (AXS) $ 2.71
  • telcoinTelcoin (TEL) $ 0.004701
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.167973
  • kavaKava (KAVA) $ 0.396594
  • apenftAPENFT (NFT) $ 0.00000043
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 1,899.10
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 82,842.00
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007290
  • saros-financeSaros (SAROS) $ 0.154798
  • clbtcclBTC (CLBTC) $ 81,455.00
  • usdbUSDB (USDB) $ 0.998420
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • conflux-tokenConflux (CFX) $ 0.080683
  • ousgOUSG (OUSG) $ 110.58
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,786.56
  • roninRonin (RON) $ 0.645151
  • olympusOlympus (OHM) $ 24.44
  • starknetStarknet (STRK) $ 0.136941
  • compound-governance-tokenCompound (COMP) $ 44.41
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,784.99
  • chilizChiliz (CHZ) $ 0.041139
  • elrond-erd-2MultiversX (EGLD) $ 13.83
  • thorchainTHORChain (RUNE) $ 1.10
  • super-oethSuper OETH (SUPEROETHB) $ 1,786.80
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • dogwifcoindogwifhat (WIF) $ 0.379270
  • ecasheCash (XEC) $ 0.000019
  • wormholeWormhole (W) $ 0.081627
  • arweaveArweave (AR) $ 5.62
  • tbtctBTC (TBTC) $ 82,331.00
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,863.13
  • plumePlume (PLUME) $ 0.177449
  • apecoinApeCoin (APE) $ 0.439019
  • fraxFrax (FRAX) $ 0.999630
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.530616
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.999600
  • beam-2Beam (BEAM) $ 0.006469
  • layerzeroLayerZero (ZRO) $ 3.00
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.797489
  • neoNEO (NEO) $ 4.69
  • matic-networkPolygon (MATIC) $ 0.187320
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 1,835.87
  • solayerSolayer (LAYER) $ 1.56
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 0.999124
  • axelarAxelar (AXL) $ 0.339306
  • cheems-tokenCheems Token (CHEEMS) $ 0.000002
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000058
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,783.90
  • justJUST (JST) $ 0.031371
  • usddUSDD (USDD) $ 0.998822
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  • chain-2Onyxcoin (XCN) $ 0.009104
  • gnosisGnosis (GNO) $ 115.14
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 82,182.00

Ethereum Price Sinks 10% – Is This a Buying Opportunity?

0 10

Ethereum Price Sinks 10% – Is This a Buying Opportunity?

Ethereum price started a fresh decline from the $2,850 resistance zone. ETH is down over 10% and is struggling to stay above the $2,500 level.

  • Ethereum is facing an increase in selling below the $2,650 zone.
  • The price is trading below $2,750 and the 100-hourly Simple Moving Average.
  • There is a short-term bearish trend line forming with resistance at $2,600 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start a decent upward move if it settles above $2,600 and $2,650.

Ethereum Price Takes A Hit

Ethereum price failed to clear the $2,850 resistance zone and started a fresh decline, like Bitcoin. ETH gained pace below the $2,720 and $2,650 support levels to enter a bearish zone.

The price declined over 10% and even declined below the $2,550 support zone. A low was formed at $2,458 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $2,854 swing high to the $2,458 low.

Ethereum price is now trading below $2,600 and the 100-hourly Simple Moving Average. There is also a short-term bearish trend line forming with resistance at $2,600 on the hourly chart of ETH/USD.

On the upside, the price seems to be facing hurdles near the $2,550 level. The first major resistance is near the $2,600 level. The main resistance is now forming near $2,650 or the 50% Fib retracement level of the downward move from the $2,854 swing high to the $2,458 low.

Ethereum Price Sinks 10% – Is This a Buying Opportunity?

A clear move above the $2,650 resistance might send the price toward the $2,750 resistance. An upside break above the $2,750 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,850 resistance zone or even $2,920 in the near term.

More Losses In ETH?

If Ethereum fails to clear the $2,600 resistance, it could start another decline. Initial support on the downside is near the $2,550 level. The first major support sits near the $2,450 zone.

A clear move below the $2,450 support might push the price toward the $2,320 support. 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 MACDThe MACD for ETH/USD is gaining momentum in the bearish zone.

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

Major Support Level – $2,450

Major Resistance Level – $2,650

Source

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