Overview:
Date and Time: 11.04.2024 - 19.33(Europa)
Price: 3,516.16 USDT
Change: -0.83% (Bearish)
Spread: 4.06%
Volume: 291,643K ETH (Last 24 hours)
Support Levels: 3,474.52 USDT, 3,400.00 USDT
Resistance Levels: 3,545.64 USDT, 3,618.30 USDT

Technical Indicators:

Moving Averages:

MA(7): 3,483.78 USDT (Bearish trend)
MA(25): 3,460.67 USDT (Bearish trend)
MA(99): 2,995.96 USDT (Bullish trend)

Relative Strength Index (RSI): 47.22 (Neutral zone)
Bollinger Bands:

Upper Band: 4,093.92 USDT
Lower Band: 2,938.40 USDT

Analysis:

The ETHUSDT chart is based on 1-day candlesticks and analyzed as of April 11, 2024.
The price is currently at 3,516.16 USDT and has decreased by 0.83% in the last 24 hours.
The spread is at 4.06%, which is quite high. This indicates a high level of volatility in the market.
The volume has reached 291,643K ETH in the last 24 hours. This indicates increasing interest in the market.
Support levels can be determined as 3,474.52 USDT and 3,400.00 USDT. If the price falls below these levels, it may experience further declines.
Resistance levels can be determined as 3,545.64 USDT and 3,618.30 USDT. If the price breaks above these levels, it may start to rise.
Moving averages are in a bearish trend. This indicates that the price may fall further in the near future.
The RSI value is 47.22 and in the neutral zone. This indicates uncertainty in the market.
Bollinger Bands are quite wide. This indicates a high level of volatility in the market.

Conclusion:
The ETHUSDT chart is currently in a state of uncertainty. The price is approaching the support levels and may experience further declines if it falls below these levels. However, there is also a possibility of an upward trend if it breaks above the resistance levels. It is important to do detailed research and evaluate the risks before making an investment.
Note:
This analysis is for informational purposes only and does not constitute investment advice. It is important to do your own research and evaluate the risks before making an investment.
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$ETH #Ethereum✅ #ethusdt

Ethereum price failed to surpass $1,880 and declined against the US Dollar. ETH is struggling and might continue lower toward the $1,790 support.

Ethereum is currently moving lower from the $1,880 resistance zone.

The price is trading below $1,830 and the 100-hourly Simple Moving Average.

There is a connecting bearish trend line forming with resistance near $1,840 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could accelerate lower toward the $1,790 and $1,780 levels.

Ethereum Price Fails Again

Ethereum’s price attempted a fresh increase above the $1,850 resistance zone. However, ETH bears remained active near the $1,880 level and the price started another decline, similar to Bitcoin.

The price declined from the $1,873 high and traded below the $1,850 support. There was a clear move below the 50% Fib retracement level of the upward move from the $1,792 swing low to the $1,873 high. Ether price is now trading below $1,830 and the 100-hourly Simple Moving Average.

There is also a connecting bearish trend line forming with resistance near $1,840 on the hourly chart of ETH/USD. Immediate resistance is near the $1,830 zone and the 100-hourly Simple Moving Average.

Source: ETHUSD on TradingView.com

he first major resistance is near the $1,840 level and the trend line. A close above the $1,840 resistance could send Ether toward $1,880. The next resistance sits near $1,920, above which Ethereum could rise toward $2,000. Any more gains above the $2,000 resistance zone could start a steady increase toward the $2,120 resistance.

More Losses in ETH?

If Ethereum fails to clear the $1,840 resistance, it could continue to move down. Initial support on the downside is near the $1,810 level and the 76.4% Fib retracement level of the upward move from the $1,792 swing low to the $1,873 high.

The next major support is near the $1,790 zone. The main support sits at $1,770. If there is a close below the $1,770 support, the price could gain bearish momentum. In the stated case, the price might drop toward the $1,720 support zone. Any more losses may perhaps spark a move toward the $1,650 support zone in the coming sessions.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is below the 50 level.

Major Support Level – $1,775

Major Resistance Level – $1,840

#ETH #ethusdt #Ethereum #ETHUSDT #Ethereum

After its network fees returned to their normal levels, the price of Ethereum (ETH) has moved in a slightly upward fashion, but there is still a strong resistance level it needs to turn into support to make a more significant upward move.

Specifically, pseudonymous cryptocurrency analyst Crypto Tony has noted the optimism surrounding the recent Ethereum price increase but also advised to zoom out, as “we really are not bullish unless we flip $2,000 into support,” according to the tweet and chart pattern analysis he shared on June 2.

As the crypto expert specified, “the clue in the bears control is in the highlighted section. 3 wave up from lows is bearish.” Indeed, according to the chart analysis, Ethereum is currently performing a corrective move up, with “another leg down overall” in the cards.

Ethereum price analysis

For the moment, Ethereum is changing hands at $1,890.21. This price demonstrates the digital asset’s upward move of 1.32% on the day, whereas, on the weekly chart, it has gained 4.23%, as well as increasing 1.80% in the last month, as the latest data suggests. 

At the same time, the sentiment on the 1-day technical analysis (TA) gauges at the finance and crypto monitoring platform TradingView are exceptionally bullish, suggesting a ‘strong buy’ at 16, as moving averages (MA) point to a ‘strong buy’ at 14, and oscillators remain in the ‘neutral’ area at 8.

Ethereum 1-day technical gauges. Source: TradingView

Earlier, when Ethereum managed to break above the crucial $1,825 area, crypto market analyst Michaël van de Poppe stressed that it could push the second-largest digital asset by market capitalization toward another major leap to $2,000, as Finbold reported on May 24.

Whether it truly succeeds in flipping this critical level will depend on the further optimistic sentiment around the Ethereum network, contributed by positive developments like the declining average fees and record-breaking staking deposits, as well as the general optimism on the wider crypto and macroeconomic landscape.

#ETH #Ethereum #ether #ethusdt #etherium