• bitcoinBitcoin (BTC) $ 79,020.00
  • ethereumEthereum (ETH) $ 1,872.14
  • tetherTether (USDT) $ 0.999402
  • xrpXRP (XRP) $ 2.04
  • bnbBNB (BNB) $ 532.12
  • solanaSolana (SOL) $ 118.59
  • usd-coinUSDC (USDC) $ 0.999789
  • cardanoCardano (ADA) $ 0.676456
  • dogecoinDogecoin (DOGE) $ 0.154888
  • tronTRON (TRX) $ 0.229115
  • staked-etherLido Staked Ether (STETH) $ 1,870.94
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 79,038.00
  • pi-networkPi Network (PI) $ 1.38
  • leo-tokenLEO Token (LEO) $ 9.69
  • usdsUSDS (USDS) $ 1.00
  • chainlinkChainlink (LINK) $ 12.72
  • hedera-hashgraphHedera (HBAR) $ 0.190334
  • wrapped-stethWrapped stETH (WSTETH) $ 2,241.34
  • stellarStellar (XLM) $ 0.244220
  • avalanche-2Avalanche (AVAX) $ 16.38
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • suiSui (SUI) $ 2.09
  • bitcoin-cashBitcoin Cash (BCH) $ 333.23
  • litecoinLitecoin (LTC) $ 87.18
  • the-open-networkToncoin (TON) $ 2.52
  • mantra-daoMANTRA (OM) $ 6.25
  • polkadotPolkadot (DOT) $ 3.89
  • ethena-usdeEthena USDe (USDE) $ 0.998460
  • wethWETH (WETH) $ 1,870.95
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • bitget-tokenBitget Token (BGB) $ 3.97
  • hyperliquidHyperliquid (HYPE) $ 13.63
  • whitebitWhiteBIT Coin (WBT) $ 28.37
  • wrapped-eethWrapped eETH (WEETH) $ 1,986.45
  • moneroMonero (XMR) $ 201.69
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 78,996.00
  • uniswapUniswap (UNI) $ 5.92
  • susdssUSDS (SUSDS) $ 1.04
  • daiDai (DAI) $ 0.999391
  • aptosAptos (APT) $ 5.10
  • aaveAave (AAVE) $ 180.58
  • nearNEAR Protocol (NEAR) $ 2.29
  • ethereum-classicEthereum Classic (ETC) $ 16.87
  • ondo-financeOndo (ONDO) $ 0.793915
  • internet-computerInternet Computer (ICP) $ 5.11
  • okbOKB (OKB) $ 40.67
  • pepePepe (PEPE) $ 0.000006
  • gatechain-tokenGate (GT) $ 19.25
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 79,066.00
  • mantleMantle (MNT) $ 0.685590
  • ethenaEthena (ENA) $ 0.417580
  • tokenize-xchangeTokenize Xchange (TKX) $ 26.78
  • crypto-com-chainCronos (CRO) $ 0.076766
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997213
  • official-trumpOfficial Trump (TRUMP) $ 10.39
  • vechainVeChain (VET) $ 0.022844
  • bittensorBittensor (TAO) $ 223.27
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.205411
  • fasttokenFasttoken (FTN) $ 3.97
  • filecoinFilecoin (FIL) $ 2.65
  • cosmosCosmos Hub (ATOM) $ 3.61
  • algorandAlgorand (ALGO) $ 0.185485
  • kaspaKaspa (KAS) $ 0.058420
  • celestiaCelestia (TIA) $ 2.82
  • render-tokenRender (RENDER) $ 2.76
  • arbitrum-bridged-usdt-arbitrumArbitrum Bridged USDT (Arbitrum) (USDT) $ 0.999995
  • arbitrumArbitrum (ARB) $ 0.321505
  • sonic-3Sonic (prev. FTM) (S) $ 0.427053
  • kucoin-sharesKuCoin (KCS) $ 11.02
  • optimismOptimism (OP) $ 0.803513
  • jupiter-exchange-solanaJupiter (JUP) $ 0.484670
  • story-2Story (IP) $ 5.15
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.474969
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 79,052.00
  • movementMovement (MOVE) $ 0.503022
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,875.53
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,943.87
  • xdce-crowd-saleXDC Network (XDC) $ 0.067396
  • quant-networkQuant (QNT) $ 71.13
  • nexoNEXO (NEXO) $ 0.999139
  • dexeDeXe (DEXE) $ 17.39
  • usual-usdUsual USD (USD0) $ 0.997441
  • makerMaker (MKR) $ 1,113.80
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,116.46
  • blockstackStacks (STX) $ 0.587953
  • immutable-xImmutable (IMX) $ 0.491560
  • injective-protocolInjective (INJ) $ 8.86
  • flare-networksFlare (FLR) $ 0.014218
  • sei-networkSei (SEI) $ 0.182846
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999140
  • worldcoin-wldWorldcoin (WLD) $ 0.757687
  • theta-tokenTheta Network (THETA) $ 0.825084
  • the-graphThe Graph (GRT) $ 0.085276
  • binance-staked-solBinance Staked SOL (BNSOL) $ 123.28
  • lido-daoLido DAO (LDO) $ 0.893728
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 78,580.00
  • bonkBonk (BONK) $ 0.000010
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,984.08
  • tether-goldTether Gold (XAUT) $ 2,884.92
  • eosEOS (EOS) $ 0.461331
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999854
  • bittorrentBitTorrent (BTT) $ 0.00000067
  • tezosTezos (XTZ) $ 0.642469
  • galaGALA (GALA) $ 0.015080
  • wbnbWrapped BNB (WBNB) $ 533.66
  • jito-governance-tokenJito (JTO) $ 2.13
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 79,138.00
  • the-sandboxThe Sandbox (SAND) $ 0.259402
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999466
  • iotaIOTA (IOTA) $ 0.169904
  • bitcoin-svBitcoin SV (BSV) $ 30.70
  • jasmycoinJasmyCoin (JASMY) $ 0.012654
  • berachain-beraBerachain (BERA) $ 5.63
  • pax-goldPAX Gold (PAXG) $ 2,892.81
  • kaiaKaia (KAIA) $ 0.101469
  • flowFlow (FLOW) $ 0.378386
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,950.36
  • msolMarinade Staked SOL (MSOL) $ 151.19
  • flokiFLOKI (FLOKI) $ 0.000057
  • ethereum-name-serviceEthereum Name Service (ENS) $ 16.60
  • resolv-usrResolv USR (USR) $ 0.998873
  • honey-3Honey (HONEY) $ 0.999360
  • neoNEO (NEO) $ 7.44
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 129.73
  • pyth-networkPyth Network (PYTH) $ 0.139387
  • telcoinTelcoin (TEL) $ 0.005448
  • true-usdTrueUSD (TUSD) $ 0.996942
  • elrond-erd-2MultiversX (EGLD) $ 17.58
  • beldexBeldex (BDX) $ 0.068843
  • curve-dao-tokenCurve DAO (CRV) $ 0.368186
  • zcashZcash (ZEC) $ 29.60
  • heliumHelium (HNT) $ 2.57
  • decentralandDecentraland (MANA) $ 0.247656
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999793
  • axie-infinityAxie Infinity (AXS) $ 2.85
  • raydiumRaydium (RAY) $ 1.56
  • pumpbtcpumpBTC (PUMPBTC) $ 77,746.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,873.16
  • apenftAPENFT (NFT) $ 0.00000044
  • roninRonin (RON) $ 0.707702
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 1,982.80
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,878.50
  • dogwifcoindogwifhat (WIF) $ 0.429524
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.48
  • kavaKava (KAVA) $ 0.385494
  • dydx-chaindYdX (DYDX) $ 0.548750
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 79,125.00
  • fraxFrax (FRAX) $ 0.997589
  • ousgOUSG (OUSG) $ 110.26
  • usdbUSDB (USDB) $ 0.995357
  • hashnote-usycHashnote USYC (USYC) $ 1.07
  • aerodrome-financeAerodrome Finance (AERO) $ 0.510227
  • starknetStarknet (STRK) $ 0.145752
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.154933
  • clbtcclBTC (CLBTC) $ 78,929.00
  • chilizChiliz (CHZ) $ 0.041114
  • ecasheCash (XEC) $ 0.000020
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,868.55
  • coredaoorgCore (CORE) $ 0.379253
  • chain-2Onyxcoin (XCN) $ 0.011366
  • apecoinApeCoin (APE) $ 0.463491
  • arweaveArweave (AR) $ 5.67
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.570884
  • matic-networkPolygon (MATIC) $ 0.206314
  • grassGrass (GRASS) $ 1.51
  • compound-governance-tokenCompound (COMP) $ 41.30
  • conflux-tokenConflux (CFX) $ 0.072586
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.872367
  • thorchainTHORChain (RUNE) $ 1.03
  • olympusOlympus (OHM) $ 22.02
  • infrared-beraInfrared Bera (IBERA) $ 5.21
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.005600
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 1,909.77
  • tbtctBTC (TBTC) $ 78,934.00
  • axelarAxelar (AXL) $ 0.353210
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,984.71
  • amp-tokenAmp (AMP) $ 0.003845
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.996745
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 0.995237
  • verus-coinVerus (VRSC) $ 4.07
  • pendlePendle (PENDLE) $ 1.93
  • kaitoKAITO (KAITO) $ 1.32
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000058
  • gnosisGnosis (GNO) $ 116.99
  • justJUST (JST) $ 0.030441
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 1,849.13
  • mina-protocolMina Protocol (MINA) $ 0.243959
  • elixir-deusdElixir deUSD (DEUSD) $ 0.999634
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,043.38
  • morphoMorpho (MORPHO) $ 1.17
  • based-brettBrett (BRETT) $ 0.027931
  • beam-2Beam (BEAM) $ 0.005256
  • spx6900SPX6900 (SPX) $ 0.293319
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 1,880.60
  • reserve-rights-tokenReserve Rights (RSR) $ 0.004863
  • plumePlume (PLUME) $ 0.135467
  • eigenlayerEigenlayer (EIGEN) $ 1.10

TA: Ethereum Prints Bearish Pattern, Why It Could Correct To $2.8K

0 301

TA: Ethereum Prints Bearish Pattern, Why It Could Correct To $2.8K

Ethereum failed to surpass $3,050 and corrected lower against the US Dollar. ETH price is declining and might test the $2,800 support zone in the near term.

  • Ethereum failed to continue higher above $3,040 and started a downside correction.
  • The price is now trading above $2,880 and the 100 hourly simple moving average.
  • There was a break below a key bullish trend line with support near $2,960 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could extend decline towards the $2,800 support if it breaks the 100 hourly SMA.

Ethereum Price Corrects Lower

Ethereum was able to surpass the $3,000 resistance level. However, ETH failed to gain momentum above the $3,040 level. A high was formed near $3,042 and the price started a downside correction.

There was a move below the $3,000 and $2,950 levels. Besides, there was a break below a key bullish trend line with support near $2,960 on the hourly chart of ETH/USD. The pair traded below the 23.6% Fib retracement level of the recent wave from the $2,560 swing low to $3,042 high.

It is now trading above $2,880 and the 100 hourly simple moving average. On the upside, ether price is facing resistance near the $2,930 level.

TA: Ethereum Prints Bearish Pattern, Why It Could Correct To $2.8K

Source: ETHUSD on TradingView.com

The first major resistance is seen near the $2,950 and $2,960 levels. The main resistance is still near the $3,000 and $3,050 levels. A clear move above the $3,050 level might open the doors for a steady increase. In the stated case, the price may possibly rise towards the $3,120 level or even $3,200.

More Downsides in ETH?

If ethereum fails to start a fresh increase above the $2,950 level, it could extend decline. An initial support on the downside is near the $2,880 level and the 100 hourly simple moving average.

The next major support is near the $2,840 level, below which the price might decline towards the $2,800 support. It is near the 50% Fib retracement level of the recent wave from the $2,560 swing low to $3,042 high. Any more losses might call for a move towards the $2,750 level in the near term.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is now gaining pace in the bearish zone.

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

Major Support Level – $2,880

Major Resistance Level – $3,000

Source

Leave A Reply

Your email address will not be published.