• bitcoinBitcoin (BTC) $ 66,834.00
  • ethereumEthereum (ETH) $ 3,106.18
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 576.31
  • solanaSolana (SOL) $ 172.49
  • usd-coinUSDC (USDC) $ 1.00
  • staked-etherLido Staked Ether (STETH) $ 3,102.67
  • xrpXRP (XRP) $ 0.521112
  • the-open-networkToncoin (TON) $ 6.43
  • dogecoinDogecoin (DOGE) $ 0.151986
  • cardanoCardano (ADA) $ 0.478424
  • shiba-inuShiba Inu (SHIB) $ 0.000025
  • avalanche-2Avalanche (AVAX) $ 37.16
  • tronTRON (TRX) $ 0.123446
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 66,843.00
  • polkadotPolkadot (DOT) $ 7.11
  • chainlinkChainlink (LINK) $ 16.40
  • bitcoin-cashBitcoin Cash (BCH) $ 476.24
  • nearNEAR Protocol (NEAR) $ 7.90
  • matic-networkPolygon (MATIC) $ 0.712594
  • litecoinLitecoin (LTC) $ 83.81
  • internet-computerInternet Computer (ICP) $ 13.39
  • uniswapUniswap (UNI) $ 8.00
  • fetch-aiFetch.ai (FET) $ 2.28
  • daiDai (DAI) $ 1.00
  • leo-tokenLEO Token (LEO) $ 5.88
  • ethereum-classicEthereum Classic (ETC) $ 28.61
  • hedera-hashgraphHedera (HBAR) $ 0.114043
  • pepePepe (PEPE) $ 0.000009
  • render-tokenRender (RNDR) $ 9.87
  • aptosAptos (APT) $ 8.49
  • wrapped-eethWrapped eETH (WEETH) $ 3,223.57
  • immutable-xImmutable (IMX) $ 2.42
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • cosmosCosmos Hub (ATOM) $ 8.59
  • crypto-com-chainCronos (CRO) $ 0.124276
  • filecoinFilecoin (FIL) $ 5.85
  • mantleMantle (MNT) $ 0.973347
  • stellarStellar (XLM) $ 0.107758
  • arweaveArweave (AR) $ 47.42
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,052.81
  • blockstackStacks (STX) $ 2.08
  • okbOKB (OKB) $ 49.98
  • the-graphThe Graph (GRT) $ 0.308893
  • kaspaKaspa (KAS) $ 0.121651
  • optimismOptimism (OP) $ 2.55
  • arbitrumArbitrum (ARB) $ 1.01
  • makerMaker (MKR) $ 2,798.66
  • vechainVeChain (VET) $ 0.035434
  • bittensorBittensor (TAO) $ 377.33
  • dogwifcoindogwifhat (WIF) $ 2.54
  • suiSui (SUI) $ 1.06
  • fantomFantom (FTM) $ 0.887389
  • moneroMonero (XMR) $ 135.92
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • injective-protocolInjective (INJ) $ 24.88
  • thorchainTHORChain (RUNE) $ 6.77
  • theta-tokenTheta Network (THETA) $ 2.20
  • flokiFLOKI (FLOKI) $ 0.000200
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,435.26
  • celestiaCelestia (TIA) $ 9.46
  • jupiter-exchange-solanaJupiter (JUP) $ 1.25
  • coredaoorgCore (CORE) $ 1.83
  • galaGALA (GALA) $ 0.045431
  • sei-networkSei (SEI) $ 0.547820
  • lido-daoLido DAO (LDO) $ 1.79
  • bonkBonk (BONK) $ 0.000024
  • bitget-tokenBitget Token (BGB) $ 1.09
  • algorandAlgorand (ALGO) $ 0.184654
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,200.35
  • quant-networkQuant (QNT) $ 98.04
  • whitebitWhiteBIT Coin (WBT) $ 9.87
  • ondo-financeOndo (ONDO) $ 0.950279
  • akash-networkAkash Network (AKT) $ 5.77
  • flowFlow (FLOW) $ 0.893350
  • aaveAave (AAVE) $ 88.41
  • bitcoin-svBitcoin SV (BSV) $ 66.06
  • singularitynetSingularityNET (AGIX) $ 0.950148
  • beam-2Beam (BEAM) $ 0.024423
  • bittorrentBitTorrent (BTT) $ 0.000001
  • dydx-chaindYdX (DYDX) $ 2.04
  • flare-networksFlare (FLR) $ 0.027857
  • ethenaEthena (ENA) $ 0.750342
  • neoNEO (NEO) $ 15.50
  • zebec-protocolZebec Protocol (ZBC) $ 0.021365
  • elrond-erd-2MultiversX (EGLD) $ 40.30
  • cheeleeCheelee (CHEEL) $ 18.95
  • axie-infinityAxie Infinity (AXS) $ 7.43
  • chilizChiliz (CHZ) $ 0.119536
  • msolMarinade Staked SOL (MSOL) $ 206.05
  • gatechain-tokenGate (GT) $ 7.94
  • worldcoin-wldWorldcoin (WLD) $ 4.84
  • tokenize-xchangeTokenize Xchange (TKX) $ 12.68
  • the-sandboxThe Sandbox (SAND) $ 0.444138
  • wormholeWormhole (W) $ 0.546795
  • ecasheCash (XEC) $ 0.000050
  • safeSafe (SAFE) $ 2.26
  • jasmycoinJasmyCoin (JASMY) $ 0.019602
  • kucoin-sharesKuCoin (KCS) $ 9.77
  • eosEOS (EOS) $ 0.812052
  • tezosTezos (XTZ) $ 0.938423
  • aioz-networkAIOZ Network (AIOZ) $ 0.839076
  • conflux-tokenConflux (CFX) $ 0.223586
  • roninRonin (RON) $ 2.76
  • mina-protocolMina Protocol (MINA) $ 0.796031
  • havvenSynthetix Network (SNX) $ 2.67
  • ordinalsORDI (ORDI) $ 40.29
  • starknetStarknet (STRK) $ 1.14
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,105.39
  • decentralandDecentraland (MANA) $ 0.431790
  • lido-staked-solLido Staked SOL (STSOL) $ 205.36
  • book-of-memeBOOK OF MEME (BOME) $ 0.011357
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,130.90
  • ribbon-financeRibbon Finance (RBN) $ 0.807665
  • gnosisGnosis (GNO) $ 300.88
  • apecoinApeCoin (APE) $ 1.24
  • pendlePendle (PENDLE) $ 4.95
  • heliumHelium (HNT) $ 4.60
  • nexoNEXO (NEXO) $ 1.31
  • usddUSDD (USDD) $ 0.999604
  • dexeDeXe (DEXE) $ 12.86
  • kavaKava (KAVA) $ 0.672232
  • nervos-networkNervos Network (CKB) $ 0.016195
  • echelon-primeEchelon Prime (PRIME) $ 17.93
  • iotaIOTA (IOTA) $ 0.215888
  • theta-fuelTheta Fuel (TFUEL) $ 0.106568
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.65
  • axelarAxelar (AXL) $ 1.03
  • pyth-networkPyth Network (PYTH) $ 0.442774
  • bitcoin-goldBitcoin Gold (BTG) $ 37.46
  • klay-tokenKlaytn (KLAY) $ 0.179094
  • fraxFrax (FRAX) $ 0.998809
  • frax-etherFrax Ether (FRXETH) $ 3,107.66
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000108
  • oasis-networkOasis Network (ROSE) $ 0.092071
  • fasttokenFasttoken (FTN) $ 1.97
  • ocean-protocolOcean Protocol (OCEAN) $ 0.952074
  • livepeerLivepeer (LPT) $ 19.05
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000029
  • mantra-daoMANTRA (OM) $ 0.744543
  • blurBlur (BLUR) $ 0.371279
  • tether-goldTether Gold (XAUT) $ 2,413.46
  • swethSwell Ethereum (SWETH) $ 3,272.54
  • osmosisOsmosis (OSMO) $ 0.865427
  • dydxdYdX (ETHDYDX) $ 2.04
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,322.35
  • jito-governance-tokenJito (JTO) $ 4.63
  • woo-networkWOO (WOO) $ 0.298768
  • xdce-crowd-saleXDC Network (XDC) $ 0.036653
  • wemix-tokenWEMIX (WEMIX) $ 1.50
  • pepecoin-2PepeCoin (PEPECOIN) $ 4.71
  • illuviumIlluvium (ILV) $ 84.28
  • golemGolem (GLM) $ 0.536423
  • curve-dao-tokenCurve DAO (CRV) $ 0.427061
  • astarAstar (ASTR) $ 0.091358
  • true-usdTrueUSD (TUSD) $ 1.00
  • arkhamArkham (ARKM) $ 2.34
  • 0x0x Protocol (ZRX) $ 0.605914
  • raydiumRaydium (RAY) $ 1.86
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,361.43
  • aerodrome-financeAerodrome Finance (AERO) $ 1.07
  • apenftAPENFT (NFT) $ 0.00000049
  • polymeshPolymesh (POLYX) $ 0.455544
  • superfarmSuperVerse (SUPER) $ 1.06
  • iotexIoTeX (IOTX) $ 0.050361
  • radixRadix (XRD) $ 0.045255
  • ethereum-name-serviceEthereum Name Service (ENS) $ 14.87
  • dymensionDymension (DYM) $ 2.70
  • venomVenom (VENOM) $ 0.278604
  • enjincoinEnjin Coin (ENJ) $ 0.317743
  • celoCelo (CELO) $ 0.853862
  • 1inch1inch (1INCH) $ 0.396531
  • mx-tokenMX (MX) $ 4.62
  • memecoin-2Memecoin (MEME) $ 0.024912
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.09
  • ankrAnkr Network (ANKR) $ 0.044727
  • nosanaNosana (NOS) $ 5.33
  • stepnGMT (GMT) $ 0.220155
  • pax-goldPAX Gold (PAXG) $ 2,388.26
  • altlayerAltLayer (ALT) $ 0.320990
  • zilliqaZilliqa (ZIL) $ 0.023585
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008483
  • biconomyBiconomy (BICO) $ 0.526493
  • siacoinSiacoin (SC) $ 0.007197
  • arcblockArcblock (ABT) $ 4.21
  • ravencoinRavencoin (RVN) $ 0.029436
  • project-galaxyGalxe (GAL) $ 3.47
  • terra-luna-2Terra (LUNA) $ 0.581407
  • paypal-usdPayPal USD (PYUSD) $ 0.999601
  • holotokenHolo (HOT) $ 0.002247
  • rocket-poolRocket Pool (RPL) $ 19.52
  • manta-networkManta Network (MANTA) $ 1.58
  • magaMAGA (TRUMP) $ 8.39
  • amp-tokenAmp (AMP) $ 0.007035
  • stader-ethxStader ETHx (ETHX) $ 3,186.19
  • ether-fiEther.fi (ETHFI) $ 3.41
  • corgiaiCorgiAI (CORGIAI) $ 0.001134
  • qtumQtum (QTUM) $ 3.68
  • zetachainZetaChain (ZETA) $ 1.63
  • skaleSKALE (SKL) $ 0.074490

Ethereum Price Breaking This Confluence Resistance Could Start Recovery

0 556

Ethereum Price Breaking This Confluence Resistance Could Start Recovery

Ethereum price is finding bids above the $1,720 zone against the US Dollar. ETH could start a decent recovery if there is a move above the $1,770 resistance.

  • Ethereum is struggling below the $1,770 and $1,780 resistance levels.
  • The price is trading below $1,770 and the 100-hourly Simple Moving Average.
  • There was a break above a short-term contracting triangle with resistance near $1,740 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could recover if there is a move above the $1,770 and $1,780 levels.

Ethereum Price Holds Support

Ethereum’s price remained well-bid above the $1,720 support zone. ETH seems to be forming a base above the $1,720 level, similar to Bitcoin. A low is formed near $1,718 and the price is slowly moving higher.

There was a move above the $1,740 level. Besides, there was a break above a short-term contracting triangle with resistance near $1,740 on the hourly chart of ETH/USD. The pair is now struggling to settle above the 23.6% Fib retracement level of the key decline from the $1,855 swing high to the $1,718 low.

Ether is still trading below $1,770 and the 100-hourly Simple Moving Average. Immediate resistance is near the $1,760 zone and the 100-hourly Simple Moving Average. The next major resistance is near the $1,770 level. The first major resistance is near $1,780 or the 50% Fib retracement level of the key decline from the $1,855 swing high to the $1,718 low.

Ethereum Price Breaking This Confluence Resistance Could Start Recovery

Source: ETHUSD on TradingView.com

A proper move above the $1,770 and $1,780 resistance levels might send Ether toward $1,850. The next resistance sits near $1,880, above which Ethereum could rise toward the $1,920 level. Any more gains above the $1,920 resistance zone might send the price toward the $2,040 resistance.

Fresh Decline in ETH?

If Ethereum fails to clear the $1,780 resistance, it could start another decline. Initial support on the downside is near the $1,730 level and the triangle trend line.

The next major support is near the $1,720 level. If there is a break and close below the $1,720 support, the price could start a major decline toward the $1,640 support. Any more losses may perhaps send the price toward the $1,600 zone.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is losing momentum in the bearish zone.

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

Major Support Level – $1,720

Major Resistance Level – $1,780

Source

Leave A Reply

Your email address will not be published.