| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107303.2100000000 |
| ETH | $2433.5940000000 |
| BNB | $648.4198400000 |
| XRP | $2.1800740000 |
| ADA | $0.5668266000 |
| SOL | $150.4854000000 |
| DOGE | $N/A |
| DOT | $3.4163600000 |
| LTC | $86.3574000000 |
| LINK | $13.4067000000 |
Category: CRYPTO NEWS
The post ETH Accelerates Losses Amid Market Turmoil appeared on BitcoinEthereumNews.com. Este artículo también está disponible en español. Ethereum price started a fresh decline from the $2,350 resistance zone. ETH is now consolidating losses and might extend losses toward the $2,000 support. Ethereum is facing an increase in selling below the $2,350 zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,260 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent recovery wave if it settles above $2,250 and $2,350. Ethereum Price Dips Further Ethereum price failed to clear the $2,450 resistance zone and started a fresh decline, like Bitcoin. ETH gained pace below the $2,350 and $2,320 support levels to move further in a bearish zone. The price declined over 5% and even traded below the $2,220 support zone. A low was formed at $2,123 and the price is now consolidating losses. It is showing many bearish signs below the 23.6% Fib retracement level of the downward wave from the $2,520 swing high to the $2,123 low. Ethereum price is now trading below $2,250 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance at $2,260 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,220 level. The first major resistance is near the $2,250 level or the trend line and the 50% Fib retracement level of the downward wave from the $2,520 swing high to the $2,123 low. Source: ETHUSD on TradingView.com The main resistance is now forming near $2,350. A clear move above the $2,360 resistance might send the price toward the $2,450 resistance. An upside break above the $2,450 resistance might call for more gains in the coming sessions.…
2025-02-28T03:40:07+00:00