• bitcoinBitcoin (BTC) $ 51,337.00
  • ethereumEthereum (ETH) $ 2,965.37
  • tetherTether (USDT) $ 0.999445
  • bnbBNB (BNB) $ 380.78
  • solanaSolana (SOL) $ 104.64
  • xrpXRP (XRP) $ 0.542505
  • staked-etherLido Staked Ether (STETH) $ 2,962.48
  • usd-coinUSDC (USDC) $ 1.00
  • cardanoCardano (ADA) $ 0.594667
  • avalanche-2Avalanche (AVAX) $ 37.21
  • tronTRON (TRX) $ 0.139750
  • dogecoinDogecoin (DOGE) $ 0.084416
  • chainlinkChainlink (LINK) $ 18.49
  • polkadotPolkadot (DOT) $ 7.53
  • matic-networkPolygon (MATIC) $ 0.966574
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 51,342.00
  • the-open-networkToncoin (TON) $ 2.09
  • internet-computerInternet Computer (ICP) $ 12.87
  • shiba-inuShiba Inu (SHIB) $ 0.000010
  • uniswapUniswap (UNI) $ 7.38
  • litecoinLitecoin (LTC) $ 69.61
  • bitcoin-cashBitcoin Cash (BCH) $ 261.36
  • daiDai (DAI) $ 0.999086
  • immutable-xImmutable (IMX) $ 3.33
  • filecoinFilecoin (FIL) $ 7.70
  • leo-tokenLEO Token (LEO) $ 4.20
  • bittensorBittensor (TAO) $ 617.26
  • kaspaKaspa (KAS) $ 0.170091
  • cosmosCosmos Hub (ATOM) $ 9.85
  • hedera-hashgraphHedera (HBAR) $ 0.112486
  • blockstackStacks (STX) $ 2.59
  • ethereum-classicEthereum Classic (ETC) $ 25.90
  • optimismOptimism (OP) $ 3.70
  • aptosAptos (APT) $ 9.27
  • nearNEAR Protocol (NEAR) $ 3.23
  • stellarStellar (XLM) $ 0.116148
  • vechainVeChain (VET) $ 0.044660
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.01
  • injective-protocolInjective (INJ) $ 34.88
  • okbOKB (OKB) $ 51.18
  • celestiaCelestia (TIA) $ 17.27
  • render-tokenRender (RNDR) $ 7.37
  • the-graphThe Graph (GRT) $ 0.292087
  • lido-daoLido DAO (LDO) $ 3.07
  • mantleMantle (MNT) $ 0.769765
  • crypto-com-chainCronos (CRO) $ 0.091808
  • arbitrumArbitrum (ARB) $ 1.85
  • moneroMonero (XMR) $ 121.91
  • sei-networkSei (SEI) $ 0.840810
  • suiSui (SUI) $ 1.70
  • makerMaker (MKR) $ 2,042.73
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,247.86
  • beam-2Beam (BEAM) $ 0.034784
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,014.32
  • elrond-erd-2MultiversX (EGLD) $ 57.90
  • thorchainTHORChain (RUNE) $ 5.12
  • algorandAlgorand (ALGO) $ 0.190738
  • quant-networkQuant (QNT) $ 104.08
  • bitcoin-svBitcoin SV (BSV) $ 75.82
  • bitget-tokenBitget Token (BGB) $ 0.998312
  • ordinalsORDI (ORDI) $ 65.25
  • aaveAave (AAVE) $ 92.09
  • starknetStarknet (STRK) $ 1.86
  • mina-protocolMina Protocol (MINA) $ 1.28
  • flowFlow (FLOW) $ 0.897304
  • heliumHelium (HNT) $ 9.07
  • dydx-chaindYdX (DYDX) $ 2.99
  • true-usdTrueUSD (TUSD) $ 0.977482
  • tokenize-xchangeTokenize Xchange (TKX) $ 15.55
  • theta-tokenTheta Network (THETA) $ 1.22
  • fetch-aiFetch.ai (FET) $ 1.17
  • flare-networksFlare (FLR) $ 0.034089
  • havvenSynthetix Network (SNX) $ 3.56
  • fantomFantom (FTM) $ 0.411376
  • chilizChiliz (CHZ) $ 0.128716
  • worldcoin-wldWorldcoin (WLD) $ 8.56
  • the-sandboxThe Sandbox (SAND) $ 0.493348
  • axie-infinityAxie Infinity (AXS) $ 7.75
  • bittorrentBitTorrent (BTT) $ 0.000001
  • dymensionDymension (DYM) $ 7.13
  • tezosTezos (XTZ) $ 1.12
  • apecoinApeCoin (APE) $ 1.70
  • kucoin-sharesKuCoin (KCS) $ 10.49
  • cheeleeCheelee (CHEEL) $ 18.80
  • whitebitWhiteBIT Coin (WBT) $ 7.05
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000048
  • blurBlur (BLUR) $ 0.703031
  • osmosisOsmosis (OSMO) $ 1.55
  • galaGALA (GALA) $ 0.028828
  • siacoinSiacoin (SC) $ 0.016843
  • akash-networkAkash Network (AKT) $ 4.15
  • roninRonin (RON) $ 3.16
  • astarAstar (ASTR) $ 0.163809
  • frax-etherFrax Ether (FRXETH) $ 2,946.71
  • conflux-tokenConflux (CFX) $ 0.240065
  • dydxdYdX (ETHDYDX) $ 2.99
  • decentralandDecentraland (MANA) $ 0.485461
  • singularitynetSingularityNET (AGIX) $ 0.705782
  • neoNEO (NEO) $ 12.46
  • eosEOS (EOS) $ 0.767493
  • arweaveArweave (AR) $ 13.16
  • iotaIOTA (IOTA) $ 0.272733
  • pyth-networkPyth Network (PYTH) $ 0.561449
  • manta-networkManta Network (MANTA) $ 3.33
  • kavaKava (KAVA) $ 0.775249
  • axelarAxelar (AXL) $ 1.43
  • gnosisGnosis (GNO) $ 315.55
  • oasis-networkOasis Network (ROSE) $ 0.119840
  • woo-networkWOO (WOO) $ 0.431737
  • klay-tokenKlaytn (KLAY) $ 0.222767
  • bonkBonk (BONK) $ 0.000012
  • wemix-tokenWEMIX (WEMIX) $ 2.07
  • usddUSDD (USDD) $ 0.998894
  • swethSwell Ethereum (SWETH) $ 2,997.03
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000122
  • msolMarinade staked SOL (MSOL) $ 121.91
  • jasmycoinJasmyCoin (JASMY) $ 0.014766
  • ethereum-name-serviceEthereum Name Service (ENS) $ 22.05
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,171.56
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.82
  • frax-shareFrax Share (FXS) $ 8.50
  • fraxFrax (FRAX) $ 0.999403
  • ecasheCash (XEC) $ 0.000033
  • nexoNEXO (NEXO) $ 1.15
  • jupiter-exchange-solanaJupiter (JUP) $ 0.474668
  • gatechain-tokenGate (GT) $ 4.69
  • curve-dao-tokenCurve DAO (CRV) $ 0.557404
  • illuviumIlluvium (ILV) $ 96.63
  • altlayerAltLayer (ALT) $ 0.549659
  • xdce-crowd-saleXDC Network (XDC) $ 0.041451
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,140.78
  • ondo-financeOndo (ONDO) $ 0.394038
  • zetachainZetaChain (ZETA) $ 2.38
  • rocket-poolRocket Pool (RPL) $ 27.63
  • iotexIoTeX (IOTX) $ 0.057704
  • corgiaiCorgiAI (CORGIAI) $ 0.001813
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.29
  • coredaoorgCore (CORE) $ 0.620333
  • 1inch1inch (1INCH) $ 0.443480
  • pepePepe (PEPE) $ 0.000001
  • tether-goldTether Gold (XAUT) $ 2,026.85
  • fasttokenFasttoken (FTN) $ 1.63
  • kujiraKujira (KUJI) $ 4.05
  • radixRadix (XRD) $ 0.047442
  • casper-networkCasper Network (CSPR) $ 0.040745
  • lido-staked-solLido Staked SOL (STSOL) $ 121.43
  • livepeerLivepeer (LPT) $ 15.23
  • superfarmSuperVerse (SUPER) $ 1.05
  • enjincoinEnjin Coin (ENJ) $ 0.333287
  • nervos-networkNervos Network (CKB) $ 0.010760
  • stepnGMT (GMT) $ 0.264240
  • compound-wrapped-btccWBTC (CWBTC) $ 1,028.30
  • neutron-3Neutron (NTRN) $ 1.63
  • ocean-protocolOcean Protocol (OCEAN) $ 0.759371
  • metis-tokenMetis (METIS) $ 86.02
  • aelfaelf (ELF) $ 0.633870
  • apenftAPENFT (NFT) $ 0.00000045
  • skaleSKALE (SKL) $ 0.086320
  • terra-luna-2Terra (LUNA) $ 0.666645
  • gmxGMX (GMX) $ 45.83
  • bitcoin-goldBitcoin Gold (BTG) $ 24.67
  • compound-ethercETH (CETH) $ 59.49
  • echelon-primeEchelon Prime (PRIME) $ 12.45
  • ribbon-financeRibbon Finance (RBN) $ 0.463567
  • kusamaKusama (KSM) $ 46.86
  • zilliqaZilliqa (ZIL) $ 0.023305
  • mask-networkMask Network (MASK) $ 4.32
  • pixelsPixels (PIXEL) $ 0.534747
  • holotokenHolo (HOT) $ 0.002316
  • api3API3 (API3) $ 3.95
  • aleph-zeroAleph Zero (AZERO) $ 1.36
  • compound-governance-tokenCompound (COMP) $ 59.59
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • gasGas (GAS) $ 6.23
  • pax-goldPAX Gold (PAXG) $ 2,002.53
  • zcashZcash (ZEC) $ 27.41
  • pocket-networkPocket Network (POKT) $ 0.244913
  • desoDecentralized Social (DESO) $ 37.85
  • convex-financeConvex Finance (CVX) $ 4.82
  • strideStride (STRD) $ 4.42
  • hytopiaHytopia (TOPIA) $ 0.078464
  • celoCelo (CELO) $ 0.738563
  • basic-attention-tokenBasic Attention (BAT) $ 0.254748
  • stader-ethxStader ETHx (ETHX) $ 3,014.45
  • vethor-tokenVeThor (VTHO) $ 0.005101
  • golemGolem (GLM) $ 0.369268
  • moonbeamMoonbeam (GLMR) $ 0.440375
  • rollbit-coinRollbit Coin (RLB) $ 0.126116
  • xai-blockchainXai (XAI) $ 1.29
  • helium-mobileHelium Mobile (MOBILE) $ 0.004244
  • safepalSafePal (SFP) $ 0.768523
  • dashDash (DASH) $ 30.17
  • qtumQtum (QTUM) $ 3.28
  • oec-tokenOKT Chain (OKT) $ 19.09
  • flokiFLOKI (FLOKI) $ 0.000034
  • magicMagic (MAGIC) $ 1.30
  • nemNEM (XEM) $ 0.037410
  • chromawayChromia (CHR) $ 0.418676
  • origintrailOriginTrail (TRAC) $ 0.858750
  • chiaChia (XCH) $ 32.46

Ethereum’s Downtrend Resistance Holds Strong Despite Price Gains

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Ethereum’s Downtrend Resistance Holds Strong Despite Price Gains

In the hourly chart of ETH/USD, there was a clear move above the $1,840 and $1,850 resistance levels. Furthermore, a key bearish trend line with resistance near $1,865 was broken, indicating a potential upward trend in the near future. The price then formed a high near $1,898 and is currently consolidating gains.

Ethereum’s Downtrend Resistance Holds Strong Despite Price Gains

Looking ahead, immediate resistance is near the $1,900 zone, with the next major resistance near the $1,920 level. This level has been tested multiple times in the past, making it a multi-touch zone. If Ethereum makes a proper move above the $1,900 and $1,920 resistance levels, it might experience an upward trend, possibly leading to a price of $1,950. The next resistance sits near $2,000, above which Ethereum could rise further to $2,040. If the price gains continue beyond the $2,040 resistance zone, it might reach the $2,120 resistance level.

Ethereum fails to clear the $1,900 resistance, it could start another decline. Initial support on the downside is near the $1,860 level and the 100-hourly Simple Moving Average. The next major support is near the $1,840 zone or the 50% Fib retracement level of the recent increase from the $1,777 swing low to the $1,898 high. If there is a break below the $1,840 support, the price could decline toward the $1,800 support. Any further losses may perhaps send the price toward the $1,775 level or even $1,740 in the coming sessions.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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