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

What Is a DEX? How DEXs Work and Why They Matter

2025-05-21

What Is Blockchain? Blockchain Technology Explained for Beginners

2025-05-21

Creator of over 100 memecoins says rug pulls are the ‘easiest way to make money’

2025-05-18
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 a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21

    A Beginner’s Guide to Blockchain Consensus

    2025-05-16

    Blockchain Layers Explained for Beginners: L1, L2, L3 Solutions

    2025-05-16

    A Beginner’s Guide to Crypto

    2025-05-16
  • Market Cap
  • Shop
Crypto Semantic
Home»Analysis»Ethereum Price Signals Uptrend Exhaustion But Dips Could Be Attractive
Analysis

Ethereum Price Signals Uptrend Exhaustion But Dips Could Be Attractive

2024-02-12No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum worth is struggling to clear the $2,550 resistance. ETH may begin a draw back correction if there’s a transfer beneath the $2,475 help.

  • Ethereum is consolidating good points beneath the $2,550 resistance zone.
  • The worth is buying and selling above $2,480 and the 100-hourly Easy Transferring Common.
  • There was a break beneath a connecting bullish pattern line with help at $2,515 on the hourly chart of ETH/USD (information feed by way of Kraken).
  • The pair may begin a recent enhance if it stays above the $2,475 help zone.

Ethereum Worth Stays Supported

Ethereum worth noticed a gentle enhance after it broke the $2,420 resistance. ETH climbed above $2,450 and $2,500, however it underperformed Bitcoin. Lastly, the bears appeared close to the $2,550 zone.

A excessive was shaped close to $2,536 and the value is now consolidating good points. There was a minor decline beneath the $2,500 degree. There was additionally a break beneath a connecting bullish pattern line with help at $2,515 on the hourly chart of ETH/USD.

Ethereum continues to be buying and selling above the 23.6% Fib retracement degree of the current enhance from the $2,282 swing low to the $2,536 excessive. It is usually buying and selling above $2,480 and the 100-hourly Easy Transferring Common.

If there’s a recent enhance, the value may surge above the $2,520 degree. On the upside, the primary main resistance is close to the $2,550 degree. The subsequent main resistance is close to $2,620, above which the value may rise and take a look at the $2,680 resistance.

Ethereum Price

Supply: ETHUSD on TradingView.com

If the bulls stay in motion, they might even push the value above the $2,750 resistance. Within the said case, the value may rise towards the $2,800 degree.

See also  'Guy Explaining' Nightclub Meme to Be Sold as Ethereum NFT

Are Dips Supported In ETH?

If Ethereum fails to clear the $2,550 resistance, it may begin a draw back correction. Preliminary help on the draw back is close to the $2,475 degree and the 100 hourly SMA.

The subsequent key help may very well be the $2,460 zone. A transparent transfer beneath the $2,460 help may ship the value towards $2,400 or the 50% Fib retracement degree of the current enhance from the $2,282 swing low to the $2,536 excessive. The principle help may very well be $2,380. Any extra losses may ship the value towards the $2,280 degree.

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 degree.

Main Help Stage – $2,475

Main Resistance Stage – $2,550

Disclaimer: The article is supplied for academic functions solely. It doesn’t characterize the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You’re suggested to conduct your individual analysis earlier than making any funding selections. Use info supplied on this web site completely at your individual threat.

Source link

Attractive Dips Ethereum Exhaustion Price Signals Uptrend
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
NFT

‘Mutant Ape Planet’ NFT Developer Pleaded Guilty in $3M Fraud

2023-11-14

The developer behind the Mutant Ape Planet non-fungible token (NFT) assortment – a knockoff of…

NFT

Fashion Designer Christian Louboutin and Marvel Turn Superhero Shoes Into NFTs

2023-10-04

Veteran shoe designer Christian Louboutin is teaming up with comedian guide large Marvel on a…

NFT

Disgruntled NFT Holders Exit With $27 Million From Treasury

2023-09-15

The neighborhood of NFT holders in distinguished Ethereum assortment Nouns fractured into two late Friday…

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

Binance reappears on Indian app stores after securing key FIU-IND registration

2024-08-15

DBS Digital Exchange CEO says investors prefer regulated platforms over yield

2023-03-01

Bitcoin Short-Term Holders Go On 1.2 Million BTC Buying Spree, Is Retail Finally Here?

2024-04-05

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)$111,175.000.08%
  • ethereumEthereum(ETH)$2,713.153.81%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.472.45%
  • binancecoinBNB(BNB)$689.020.78%
  • solanaSolana(SOL)$184.455.21%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 111,347.83
ethereum
Ethereum (ETH) $ 2,711.64
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.47
bnb
BNB (BNB) $ 689.44
solana
Solana (SOL) $ 183.96
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.251448
cardano
Cardano (ADA) $ 0.825807
tron
TRON (TRX) $ 0.274355