Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Tron and Ethereum fight for the USDT top position

2025-05-13

Sui surpasses Solana with $ 11.7 million inflow – more upside down?

2025-05-13

Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

2025-05-13
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Tron and Ethereum fight for the USDT top position

    2025-05-13

    Stargate brings Cronos closer to the future of Omnichain

    2025-05-13

    Abu Dhabi launches a large project with Agile Dynamics for quantum -safe blockchain

    2025-05-13

    Zimbabwe is turning into blockchain to breathe new life into the trust of the carbon credit of carbon credit

    2025-05-13

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    SEC chairman atkins repeats himself to overhaul crypto rules, promises to end ‘Regulation by enforcement’

    2025-05-12

    ‘Bond King’ Jeffrey Gundlach calls a catalyst who can cause an interest rate this year

    2025-05-11

    Concern about Trump’s conflict of interest slows down the progress of a broader crypto policy

    2025-05-10

    The German police interrupt $ 38,260,000 in crypto from Exchanges in the midst of allegations. The exchange has been washed bybit funds

    2025-05-10

    Trump Blackballs Lobby firm about controversy related to his ‘Crypto Strategic Reserve’ Truth Social Post: Report: Report

    2025-05-10
  • Analysis

    Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

    2025-05-13

    Cardano (ADA) Dips: Temporary correction or start of deeper movement?

    2025-05-13

    The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

    2025-05-13

    Can the resistance crush and re -design the rally?

    2025-05-12

    XRP performs better than the crypto market with 10% jump if open interest rises beyond $ 5 billion

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Is the bullish momentum fading?
Analysis

Is the bullish momentum fading?

2024-10-03No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

This article is available in Spanish.

Ethereum price extended its decline below the USD 2,450 level. ETH is now consolidating and could struggle to recover above the USD 2,425 level.

  • Ethereum fell further and traded below the $2,400 zone.
  • The price is trading below $2,420 and the 100-hourly Simple Moving Average.
  • A connecting bearish trendline is forming with resistance at $2,425 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair needs to stay above the $2,350 support for another move higher in the near term.

Ethereum price holds support

Ethereum price remained in a bearish zone and extended losses below the USD 2,550 level. ETH traded below the USD 2,450 support to enter a bearish zone like Bitcoin. There was also a move below the USD 2,400 level.

A low was formed near USD 2,352 and the price is now consolidating losses. There was a small increase above the USD 2,365 level. The price is still below the 23.6% Fib retracement level of the downward move from the $2,655 swing high to the $2,352 low.

Ethereum price is now trading below $2,420 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles around the USD 2,420 level. A connecting bearish trendline is also forming with resistance at $2,425 on the hourly chart of ETH/USD.

The first major resistance is near the $2,500 level or the 50% Fib retracement level of the downward move from the $2,655 swing high to the $2,352 low. The next major resistance is near USD 2,535.

See also  ASO Bullish Cross Reveals Bull Run Start for XRP: Crypto Analyst
Ethereum price
Source: ETHUSD on TradingView.com

An upside break above the USD 2,535 resistance could call for more gains in the coming sessions. In the mentioned case, Ether could rise towards the USD 2,650 resistance zone in the short term. The next hurdle is near the USD 2,680 or USD 2,665 level.

Lose more in ETH?

If Ethereum fails to clear the USD 2,420 resistance, it could continue falling. The initial downside support is near the USD 2,350 level. The first major support is near the $2,320 zone.

A clear move below the USD 2,320 support could push the price towards USD 2,250. Any further losses could send the price towards the USD 2,150 support level in the near term. The next major support is at $2,120.

Technical indicators

hourly MACD – The MACD for ETH/USD is gaining strength in the bearish zone.

RSI per hour – The RSI for ETH/USD is now below the 50 zone.

Major support level – $2,350

Major resistance level – $2,420

Source link

Bullish fading Momentum
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

2025-05-13

Cardano (ADA) Dips: Temporary correction or start of deeper movement?

2025-05-13

The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

2025-05-13

Can the resistance crush and re -design the rally?

2025-05-12
Add A Comment

Comments are closed.

Top Posts

Bitcoin at $60,000 Caused a Selloff; Are you selling your BTC now?

2024-03-23

Outbreak Warning! Ethereum (ETH) price prediction for November 28

2024-11-27

Trump to use tariff income to buy Bitcoin

2025-04-15
Editors Picks

Canary Capital Files for Stuted TRX ETF with our SEC

2025-04-18

Experience the ‘Survive Thanksgiving’ Metaverse Experience

2023-11-01

Bitcoin and Ethereum Self Custody Surges; investors are investing in these areas

2023-05-21

Number of whale portfolios reaches highest number in 15 months

2024-02-04

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, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Tron and Ethereum fight for the USDT top position

Sui surpasses Solana with $ 11.7 million inflow – more upside down?

Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

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

  • bitcoinBitcoin(BTC)$103,508.02-0.32%
  • ethereumEthereum(ETH)$2,543.04-0.65%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.54-1.57%
  • binancecoinBNB(BNB)$655.98-3.72%
  • solanaSolana(SOL)$174.49-1.58%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.228815-3.95%
  • cardanoCardano(ADA)$0.80-4.21%
  • tronTRON(TRX)$0.266176-3.71%
  • suiSui(SUI)$4.01-1.52%
  • chainlinkChainlink(LINK)$16.77-3.08%
  • avalanche-2Avalanche(AVAX)$24.81-2.08%
  • stellarStellar(XLM)$0.308444-5.27%
  • shiba-inuShiba Inu(SHIB)$0.000016-4.98%
  • hedera-hashgraphHedera(HBAR)$0.211062-4.85%
  • hyperliquidHyperliquid(HYPE)$25.421.47%
  • the-open-networkToncoin(TON)$3.30-6.31%
  • piPi(PI)$1.13-12.01%
  • bitcoin-cashBitcoin Cash(BCH)$403.54-2.35%
  • unus-sed-leoUNUS SED LEO(LEO)$8.622.11%
  • polkadotPolkadot(DOT)$5.05-4.14%
  • litecoinLitecoin(LTC)$101.70-0.49%
  • moneroMonero(XMR)$342.950.14%
  • pepePepe(PEPE)$0.000014-0.36%
  • bitget-tokenBitget Token(BGB)$4.77-3.27%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • uniswapUniswap(UNI)$6.82-3.75%
  • bittensorBittensor(TAO)$457.98-0.31%
  • nearNEAR Protocol(NEAR)$3.14-2.73%
  • aptosAptos(APT)$5.77-3.98%
  • aaveAave(AAVE)$221.19-0.57%
  • ondo-financeOndo(ONDO)$1.03-3.37%
  • okbOKB(OKB)$54.25-2.44%
  • kaspaKaspa(KAS)$0.121617-1.71%
  • internet-computerInternet Computer(ICP)$5.69-5.55%
  • ethereum-classicEthereum Classic(ETC)$19.82-2.52%
  • gatechain-tokenGateToken(GT)$21.87-0.87%
  • render-tokenRender(RENDER)$5.17-2.54%
  • mantleMantle(MNT)$0.80-3.04%
  • crypto-com-chainCronos(CRO)$0.100597-1.06%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.252203-5.04%
  • vechainVeChain(VET)$0.030427-6.06%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.89-6.72%
  • ethenaEthena(ENA)$0.394868-3.70%
  • usd1World Liberty Financial USD(USD1)$1.00-0.31%
  • filecoinFilecoin(FIL)$3.09-4.28%
  • algorandAlgorand(ALGO)$0.238557-5.15%
  • celestiaCelestia(TIA)$3.220.05%
  • bitcoinBitcoin(BTC)$103,508.02-0.32%
  • ethereumEthereum(ETH)$2,543.04-0.65%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.54-1.57%
  • binancecoinBNB(BNB)$655.98-3.72%
  • solanaSolana(SOL)$174.49-1.58%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.228815-3.95%
  • cardanoCardano(ADA)$0.80-4.21%
  • tronTRON(TRX)$0.266176-3.71%
  • suiSui(SUI)$4.01-1.52%
  • chainlinkChainlink(LINK)$16.77-3.08%
  • avalanche-2Avalanche(AVAX)$24.81-2.08%
  • stellarStellar(XLM)$0.308444-5.27%
  • shiba-inuShiba Inu(SHIB)$0.000016-4.98%
  • hedera-hashgraphHedera(HBAR)$0.211062-4.85%
  • hyperliquidHyperliquid(HYPE)$25.421.47%
  • the-open-networkToncoin(TON)$3.30-6.31%
  • piPi(PI)$1.13-12.01%
  • bitcoin-cashBitcoin Cash(BCH)$403.54-2.35%
  • unus-sed-leoUNUS SED LEO(LEO)$8.622.11%
  • polkadotPolkadot(DOT)$5.05-4.14%
  • litecoinLitecoin(LTC)$101.70-0.49%
  • moneroMonero(XMR)$342.950.14%
  • pepePepe(PEPE)$0.000014-0.36%
  • bitget-tokenBitget Token(BGB)$4.77-3.27%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • uniswapUniswap(UNI)$6.82-3.75%
  • bittensorBittensor(TAO)$457.98-0.31%
  • nearNEAR Protocol(NEAR)$3.14-2.73%
  • aptosAptos(APT)$5.77-3.98%
  • aaveAave(AAVE)$221.19-0.57%
  • ondo-financeOndo(ONDO)$1.03-3.37%
  • okbOKB(OKB)$54.25-2.44%
  • kaspaKaspa(KAS)$0.121617-1.71%
  • internet-computerInternet Computer(ICP)$5.69-5.55%
  • ethereum-classicEthereum Classic(ETC)$19.82-2.52%
  • gatechain-tokenGateToken(GT)$21.87-0.87%
  • render-tokenRender(RENDER)$5.17-2.54%
  • mantleMantle(MNT)$0.80-3.04%
  • crypto-com-chainCronos(CRO)$0.100597-1.06%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.252203-5.04%
  • vechainVeChain(VET)$0.030427-6.06%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.89-6.72%
  • ethenaEthena(ENA)$0.394868-3.70%
  • usd1World Liberty Financial USD(USD1)$1.00-0.31%
  • filecoinFilecoin(FIL)$3.09-4.28%
  • algorandAlgorand(ALGO)$0.238557-5.15%
  • celestiaCelestia(TIA)$3.220.05%