Saturday, May 17, 2025
No Result
View All Result
Blockchain 24hrs
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoins
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Blockchain Justice
  • Analysis
Crypto Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoins
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Blockchain Justice
  • Analysis
No Result
View All Result
Blockchain 24hrs
No Result
View All Result

Ethereum Price Takes a Plunge: Can Bulls Step In?

Home Analysis
Share on FacebookShare on Twitter


Este artículo también está disponible en español.

Ethereum value prolonged losses and dropped under the $3,680 zone. ETH is down over 7% and is exhibiting bearish indicators under the $3,550 stage.

Ethereum began a recent decline under the $3,680 zone.
The value is buying and selling under $3,550 and the 100-hourly Easy Shifting Common.
There’s a key bearish development line forming with resistance at $3,650 on the hourly chart of ETH/USD (information feed through Kraken).
The pair may proceed to maneuver down if it fails to remain above the $3,650 help zone.

Ethereum Value Drops Under $3,650

Ethereum value struggled to begin a recent improve above the $3,680 stage and prolonged losses like Bitcoin. ETH gained bearish momentum under the $3,650 stage and dived under $3,600.

It even dived under $3,550 and spiked under the $3,420 stage. A low was fashioned at $3,324 and the worth is now consolidating losses. There’s additionally a key bearish development line forming with resistance at $3,650 on the hourly chart of ETH/USD.

Ethereum value is now buying and selling under $3,550 and the 100-hourly Easy Shifting Common. On the upside, the worth appears to be going through hurdles close to the $3,510 stage. It’s near the 23.6% Fib retracement stage of the downward transfer from the $4,105 swing excessive to the $3,324 low.

The primary main resistance is close to the $3,650 stage. There’s additionally a key bearish development line forming with resistance at $3,650 on the hourly chart of ETH/USD.

Supply: ETHUSD on TradingView.com

The principle resistance is now forming close to $3,715 or the 50% Fib retracement stage of the downward transfer from the $4,105 swing excessive to the $3,324 low. A transparent transfer above the $3,715 resistance would possibly ship the worth towards the $3,800 resistance. An upside break above the $3,800 resistance would possibly name for extra features within the coming classes. Within the said case, Ether may rise towards the $3,880 resistance zone and even $4,000.

Extra Losses In ETH?

If Ethereum fails to clear the $3,650 resistance, it may proceed to maneuver down. Preliminary help on the draw back is close to the $3,350 stage. The primary main help sits close to the $3,320 zone.

A transparent transfer under the $3,320 help would possibly push the worth towards the $3,250 help. Any extra losses would possibly ship the worth towards the $3,150 help stage within the close to time period. The following key help sits at $3,050.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum within the bearish zone.

Hourly RSI – The RSI for ETH/USD is now under the 50 zone.

Main Assist Stage – $3,320

Main Resistance Stage – $3,650



Source link

Tags: BullsEthereumPlungePriceStepTakes
Previous Post

FiNext Conference Dubai 2025: The Global FinTech Hub Returns for Its 7th Edition

Next Post

Crypto’s in Multi-Year Bull Market, and the Fed Can’t Stop It, Expert Says

Related Posts

PI coin price prediction as it drops below  despite 0m Pi Network Ventures launch
Analysis

PI coin price prediction as it drops below $1 despite $100m Pi Network Ventures launch

May 17, 2025
BPEP gains steam as Eric Trump eyes cheap BTC to rival Saylor
Analysis

BPEP gains steam as Eric Trump eyes cheap BTC to rival Saylor

May 16, 2025
BNB Price Finds Its Footing — Can Bulls Ignite the Next Leg Up?
Analysis

BNB Price Finds Its Footing — Can Bulls Ignite the Next Leg Up?

May 16, 2025
XRP Price Sinks Lower, But Chart Whisperers See a Trap for The Bears
Analysis

XRP Price Sinks Lower, But Chart Whisperers See a Trap for The Bears

May 16, 2025
XRP Moves Into Key Range Against Bitcoin As 3 Major Targets Show Up
Analysis

XRP Moves Into Key Range Against Bitcoin As 3 Major Targets Show Up

May 15, 2025
Arthur Hayes sees Bitcoin at M by 2028: here’s why
Analysis

Arthur Hayes sees Bitcoin at $1M by 2028: here’s why

May 16, 2025
Next Post
Crypto’s in Multi-Year Bull Market, and the Fed Can’t Stop It, Expert Says

Crypto’s in Multi-Year Bull Market, and the Fed Can’t Stop It, Expert Says

Ronin Welcomes Ragnarok Landverse: Genesis

Ronin Welcomes Ragnarok Landverse: Genesis

Facebook Twitter Instagram Youtube RSS
Blockchain 24hrs

Blockchain 24hrs delivers the latest cryptocurrency and blockchain technology news, expert analysis, and market trends. Stay informed with round-the-clock updates and insights from the world of digital currencies.

CATEGORIES

  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Blockchain Justice
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Web3

SITEMAP

  • About Us
  • Advertise With Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2024 Blockchain 24hrs.
Blockchain 24hrs is not responsible for the content of external sites.

  • bitcoinBitcoin(BTC)$103,437.00-0.53%
  • ethereumEthereum(ETH)$2,490.56-4.08%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.37-1.89%
  • binancecoinBNB(BNB)$644.03-2.17%
  • solanaSolana(SOL)$168.76-2.28%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.217398-4.25%
  • cardanoCardano(ADA)$0.76-2.39%
  • tronTRON(TRX)$0.268899-2.78%
No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoins
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Blockchain Justice
  • Analysis
Crypto Marketcap

Copyright © 2024 Blockchain 24hrs.
Blockchain 24hrs is not responsible for the content of external sites.