Ethereum Price Stuck in a Rut but Poised for an Exciting Upside Break

Crypto Breaking · 2024-06-05T03:46:40.000Z

Ethereum price is struggling to clear the $3,840 resistance zone. ETH could gain bullish momentum if it clears the $3,840 and $3,880 resistance levels. Ethereum is holding gains above the $3,720 level. The price is trading above $3,750 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support near $3,760 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below the $3,720 support. Ethereum Price Holds Support Ethereum price declined again below the $3,760 support zone. ETH retested the $3,720 support and remained well-bid. A low was formed at $3,728 and the price started another increase, like Bitcoin. There was a move above the $3,800 level, but the bears were again active near $3,840. A high was formed at $3,836 and the price is now consolidating gains in a range. It is trading just below the 23.6% Fib retracement level of the upward move from the $3,728 swing low to the $3,836 high. Ethereum is now trading above $3,760 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support near $3,760 on the hourly chart of ETH/USD. If there is another increase, ETH might face resistance near the $3,820 level. The first major resistance is near the $3,840 level. An upside break above the $3,840 resistance might send the price higher. The next key resistance sits at $3,920, above which the price might gain traction and rise toward the $4,000 level. Source: ETHUSD on TradingView.com If the bulls push Ether above the $4,000 level, the price might rise and test the $4,080 resistance. Any more gains could send Ether toward the $4,220 resistance zone. Another Decline In ETH? If Ethereum fails to clear the $3,840 resistance, it could start another decline. Initial support on the downside is near $3,780 and the 50% Fib retracement level of the upward move from the $3,728 swing low to the $3,836 high. The next major support is near the $3,760 zone. A clear move below the $3,760 support might push the price toward $3,720. Any more losses might send the price toward the $3,650 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,760 Major Resistance Level – $3,840 Source: NewsBTC.com The post Ethereum Price Stuck in a Rut but Poised for an Exciting Upside Break appeared first on Crypto Breaking News.

Harga Ethereum sedang berjuang untuk melewati zona resistensi $3,840. ETH bisa mendapatkan momentum bullish jika menembus level resistensi $3,840 dan $3,880.
Ethereum mempertahankan kenaikan di atas level $3,720.
Harga diperdagangkan di atas $3,750 dan Simple Moving Average 100 jam.
Ada garis tren bullish yang menghubungkan yang terbentuk dengan support di dekat $3,760 pada grafik per jam ETH/USD (umpan data melalui Kraken).
Pasangan ini dapat memulai kenaikan baru kecuali ada penutupan di bawah support $3,720.
Harga Ethereum Mendapat Dukungan
Harga Ethereum turun lagi di bawah zona dukungan $3,760. ETH menguji ulang dukungan $3,720 dan tetap dalam penawaran yang baik. Titik terendah terbentuk di $3,728 dan harga mulai naik lagi, seperti Bitcoin.
Ada pergerakan di atas level $3,800, tetapi penurunan kembali aktif di dekat $3,840. Titik tertinggi terbentuk di $3,836 dan harga sekarang mengkonsolidasikan kenaikan dalam kisaran tertentu. Ini diperdagangkan tepat di bawah level retracement Fib 23,6% dari pergerakan ke atas dari swing low $3,728 ke level tertinggi $3,836.
Ethereum sekarang diperdagangkan di atas $3,760 dan Simple Moving Average 100 jam. Ada juga garis tren bullish yang menghubungkan yang terbentuk dengan support di dekat $3,760 pada grafik per jam ETH/USD.
Jika ada kenaikan lagi, ETH mungkin menghadapi resistensi di dekat level $3,820. Resistensi besar pertama berada di dekat level $3,840. Penembusan sisi atas di atas resistensi $3,840 mungkin akan membuat harga lebih tinggi. Resistensi utama berikutnya berada di $3,920, di atasnya harga mungkin mendapatkan daya tarik dan naik menuju level $4,000.
Sumber: ETHUSD di TradingView.com
Jika kenaikan mendorong Ether ke atas level $4,000, harga mungkin naik dan menguji resistensi $4,080. Kenaikan lebih lanjut dapat mengirim Ether menuju zona resistensi $4,220.
Penurunan ETH Lagi?
Jika Ethereum gagal melewati resistensi $3,840, Ethereum dapat memulai penurunan lagi. Support awal pada sisi bawah berada di dekat $3,780 dan level retracement Fib 50% dari pergerakan ke atas dari swing low $3,728 ke level tertinggi $3,836.
Support utama berikutnya berada di dekat zona $3,760. Pergerakan yang jelas di bawah support $3,760 mungkin mendorong harga menuju $3,720. Kerugian lebih lanjut mungkin mengirim harga menuju level $3,650 dalam waktu dekat.
Indikator Teknis
MACD Per Jam – MACD untuk ETH/USD kehilangan momentum di zona bullish.
RSI Per Jam – RSI untuk ETH/USD sekarang berada di atas zona 50.
Tingkat Dukungan Utama – $3,760
Level Resistensi Utama – $3,840
Sumber: NewsBTC.com
Pos Harga Ethereum Terjebak dalam Kebiasaan tetapi Siap untuk Terobosan Terbalik yang Menyenangkan muncul pertama kali di Crypto Breaking News.

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