• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

What is Proof-of-Authority (POA) Consensus in Blockchain?

2025-05-10

What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

2025-05-09

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What is Proof-of-Authority (POA) Consensus in Blockchain?

    2025-05-10

    What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

    2025-05-09

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    2025-05-03

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    2025-05-02

    What Is a Layer-0 Blockchain Protocol?

    2025-05-02
  • Market Cap
  • Shop
Crypto Semantic
Home»Analysis»Ethereum Price Grinds Higher, Is This The Start Bulls Were Waiting For?
Analysis

Ethereum Price Grinds Higher, Is This The Start Bulls Were Waiting For?

2024-01-17No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum worth is making an attempt a contemporary enhance above the $2,550 stage. ETH might proceed to maneuver up until there’s a drop under the $2,525 assist.

  • Ethereum is making an attempt a contemporary enhance above the $2,520 stage.
  • The value is buying and selling above $2,520 and the 100-hourly Easy Transferring Common.
  • There’s a connecting bullish pattern line forming with assist at $2,540 on the hourly chart of ETH/USD (knowledge feed by way of Kraken).
  • The pair might proceed to maneuver up if it clears the $2,600 and $2,620 resistance ranges.

Ethereum Worth Holds Assist

Ethereum worth remained well-supported above the $2,450 stage. ETH outperformed Bitcoin and began a contemporary enhance above the $2,500 resistance zone.

There was a transfer above the $2,550 resistance and the 100-hourly Easy Transferring Common. The value even broke the $2,600 stage earlier than the bears appeared. A excessive is shaped close to $2,614 and the value is now correcting features. There was a minor transfer under the 23.6% Fib retracement stage of the upward transfer from the $2,471 swing low to the $2,614 excessive.

Ethereum remains to be buying and selling above $2,520 and the 100-hourly Easy Transferring Common. There’s additionally a connecting bullish pattern line forming with assist at $2,540 on the hourly chart of ETH/USD. It’s near the 50% Fib retracement stage of the upward transfer from the $2,471 swing low to the $2,614 excessive.

On the upside, the value is dealing with resistance close to the $2,600 stage. The following main resistance is now close to $2,620. A transparent transfer above the $2,620 stage may begin a good enhance. Within the said case, the value might rise towards the $2,665 stage.

See also  Analyst Predicts 2 Scenarios For Price Beforehand

Ethereum Price

Supply: ETHUSD on TradingView.com

The principle breakout zone is now forming close to the $2,710 zone. An in depth above the $2,710 resistance might begin one other main enhance. The following key resistance is close to $2,780. Any extra features may ship the value towards the $2,880 zone.

Contemporary Decline in ETH?

If Ethereum fails to clear the $2,620 resistance, it might begin one other decline. Preliminary assist on the draw back is close to the $2,550 stage and the pattern line.

The following key assist might be the $2,500 zone. A draw back break under the $2,500 assist may ship the value additional decrease. Within the said case, Ether might take a look at the $2,450 assist. Any extra losses may ship the value towards the $2,350 stage.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is dropping momentum within the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 stage.

Main Assist Degree – $2,540

Main Resistance Degree – $2,620

Disclaimer: The article is offered for academic functions solely. It doesn’t symbolize the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You might be suggested to conduct your personal analysis earlier than making any funding choices. Use data offered on this web site totally at your personal danger.

Source link

Bulls Ethereum Grinds Higher Price Start Waiting
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum vs Bitcoin: Difference Between this Cryptocurrencies

2025-02-07

Uniswap (UNI) Price Prediction 2025 2026 2027

2025-01-08

BOOK OF MEME (BOME) Price Prediction 2024 2025 2026 2027

2025-01-05

Aevo (AEVO) Price Prediction 2024 2025 2026 2027

2025-01-04
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Blockchain

Five teams receive awards at Singapore GAS Station, the final stop ahead of the grand finale in Hong Kong

2023-10-08

5 groups walked away with prizes from the Neo APAC GAS Station that passed off…

Altcoins

Why Is Solana Price Up Today? 4 Major Reasons

2023-12-08

The Solana (SOL value has risen by greater than 14% within the final 24 hours…

DeFi

Liquid Staking Takes the Lead

2023-10-06

Latest knowledge from the analytics platform CryptoRank revealed that liquid staking is the dominant decentralized…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Chinese Congress member proposes accelerated blockchain development

2024-03-06

Why SushiSwap is seeing growth despite bear market

2023-08-24

Why Litecoin prices might rally shortly

2023-08-15

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$104,389.001.12%
  • ethereumEthereum(ETH)$2,504.920.66%
  • tetherTether(USDT)$1.000.02%
  • rippleXRP(XRP)$2.37-1.66%
  • binancecoinBNB(BNB)$652.14-0.21%
  • solanaSolana(SOL)$172.620.17%
  • usd-coinUSDC(USDC)$1.000.00%
  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$104,389.001.12%
  • ethereumEthereum(ETH)$2,504.920.66%
  • tetherTether(USDT)$1.000.02%
  • rippleXRP(XRP)$2.37-1.66%
  • binancecoinBNB(BNB)$652.14-0.21%
  • solanaSolana(SOL)$172.620.17%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 104,480.99
ethereum
Ethereum (ETH) $ 2,513.36
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.37
bnb
BNB (BNB) $ 653.97
solana
Solana (SOL) $ 172.90
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.231252
cardano
Cardano (ADA) $ 0.810455
tron
TRON (TRX) $ 0.264467
bitcoin
Bitcoin (BTC) $ 104,480.99
ethereum
Ethereum (ETH) $ 2,513.36
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.37
bnb
BNB (BNB) $ 653.97
solana
Solana (SOL) $ 172.90
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.231252
cardano
Cardano (ADA) $ 0.810455
tron
TRON (TRX) $ 0.264467