| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107208.6000000000 |
| ETH | $2428.1000000000 |
| BNB | $647.3394500000 |
| XRP | $2.1778210000 |
| ADA | $0.5629574000 |
| SOL | $149.5050000000 |
| DOGE | $N/A |
| DOT | $3.3867000000 |
| LTC | $85.9073000000 |
| LINK | $13.3216600000 |
Category: CRYPTO NEWS
The post Ethereum Price Path to Recovery Blocked by Key Barriers appeared on BitcoinEthereumNews.com. Este artículo también está disponible en español. Ethereum price started a recovery wave above the $2,550 zone. ETH is showing positive signs but faces many hurdles near the $2,880 level. Ethereum started a decent upward move above the $2,550 zone. The price is trading below $2,880 and the 100-hourly Simple Moving Average. There is a short-term declining channel forming with resistance at $2,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,880 level. Ethereum Price Recovery Faces Hurdles Ethereum price started a recovery wave after it dropped heavily below $2,500, underperforming Bitcoin. ETH tested the $2,120 zone and recently started a recovery wave. The price was able to surpass the $2,500 and $2,550 resistance levels. It even climbed above the 50% Fib retracement level of the downward move from the $3,402 swing high to the $2,127 swing low. However, the bears are now active near the $2,900 zone. The price failed to clear the 61.8% Fib retracement level of the downward move from the $3,402 swing high to the $2,127 swing low. There is also a short-term declining channel forming with resistance at $2,800 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,880 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,800 level. Source: ETHUSD on TradingView.com The first major resistance is near the $2,880 level. The main resistance is now forming near $2,920. A clear move above the $2,920 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,120 resistance zone or even $3,250 in the…
2025-02-05T03:41:05+00:00