Ether could dip below $3,400 after retesting the $3,730 resistance; Check forecast

2025-8-6 14:00

Key takeaways

ETH is down nearly 2% and now trades around $3,600. The second-largest cryptocurrency by market cap could drop below $3,400 if market conditions remain bearish. Ether fails to stay above $3,700 as market correction continues

Ether, the second-largest cryptocurrency by market cap, lost 2% of its value over the last 24 hours. The negative performance comes as Ether failed to take out the $3,730 resistance and briefly dropped below $3,600.

At press time, Ether is trading at $3,620 and could drop lower if the market conditions remain bearish. The bearish performance also comes despite Ether ETFs recording inflows of $73.22 million on Tuesday, likely driven by the SEC’s guidance on staking activities not being securities offerings.

Nate Geraci, president of NovaDius Wealth Management, explained that the guidance has cleared the last hurdle, stopping the market regulator from approving spot ether ETFs with staking.

Ethereum retests its daily resistance at $3,730, could drop below $3,400

The ETH/USD 4-hour chart remains bullish as Ether has defended its price above $3k over the last few weeks. On Tuesday, Ether faced rejection from its daily resistance level at $3,730 and declined by more than 3%. 

At the time of writing on Wednesday, it continues to trade in red at around $3,620. The technical indicators suggest a weakening bullish momentum, which could see the price drop further in the near term. 

If that happens, ETH could drop below the $3,400 low created over the weekend. An extended bearish run could result in Ether retesting the valid trading range around $3,077 for the first time since July 14.

The RSI of 53 suggests a weakening bullish momentum, while the MACD continues to hold a bearish crossover and supports the correction thesis. If the RSI remains above 50, the bulls could regain control of the market and push ETH above the daily resistance at $3,730 in the coming hours or days. Ether could also extend the recovery toward its next key resistance at $4,000.

The post Ether could dip below $3,400 after retesting the $3,730 resistance; Check forecast appeared first on CoinJournal.

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Источник: coinjournal.net

market ether → Результатов: 126


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Ether September Price Lows Could Signal End of Bitcoin Bear Market: Analyst

Ether (ETH) prices “capitulating” in September was “significant” to ending the 2018 cryptocurrency bear market, according to a new theory from one cryptocurrency analyst.   Thies: ‘We Were Looking In The Wrong Place’ In a series of tweets, UTR Equity’s crypto market commentator Eric Thies postulated that Bitcoin’s run to all-time price highs in December 2017 came as a result of Ether investment during the ICO phenomenon.

2018-10-9 16:00


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Of The $15B Worth Of Ether Raised By ICOs, $11B Has Already Been Sold: BitMEX Research

It hasn’t been the best year for Ethereum, seeing as though the valuable altcoin has shed over 75 percent of its value. While the market hasn’t been kind to other cryptocurrencies, rumors have its that the great price decline by Ethereum has been as a result of the hundreds of ICOs panic selling their Ether stashes in fear […] The post Of The $15B Worth Of Ether Raised By ICOs, $11B Has Already Been Sold: BitMEX Research appeared first on NullTX.

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Bitcoin, Ether, XRP Weekly Market Update: September 27, 2018

BTC closed September 20, 2018, at $6,493 with substantial gains of approximately $100 and a third consecutive green candle on the daily chart. BTC-USD The U.S. Securities and Exchange Commission (SEC) stated on September 20 that it has begun a review process for the physically-backed bitcoin ETF proposed by VanEck and SolidX and will once again delay its decision in...The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

2018-9-27 19:00


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Bitcoin Price Analysis: Potential Reaccumulation Could Test Bear Trend

Last week, after a devastating move that shook the market violently up and down for a 7% move in just a few short minutes, bitcoin saw a major sign of strength as it proceeded to have a slow, but steady markup where it managed to establish a local high in the $6,800s:Figure 1: BTC-USD, Hourly Candles, Shakeout Prior to MarkupThis shakeout forced the market to temporarily establish a new monthly low in what could be argued to be a stop-hunt prior to the move to the $6,800s.

2018-9-24 21:29


Фото:

ICOs ‘In a Lot of Trouble’ if Bitcoin Stays Under $10K, Says BitPay Exec

Controversial cryptocurrency payment provider BitPay appeared to back Bitcoin over altcoins this week as its CCO told mainstream media the ICO token market was “in a lot of trouble. ” Singh: Market Bottom ‘Hard’ To Call Speaking to Bloomberg in an interview that also featured regular commentator Joe Weisenthal, Sonny Singh focused heavily on Bitcoin as the cryptoasset, which had a chance of upside while remaining silent on major altcoins such as Ether (ETH) .

2018-9-14 22:00


Фото:

SEC Shuts Down Two Bitcoin and Ether Securities, Calls Out ‘Investor Confusion’

The U. S Securities and Exchange Commission halted two cryptocurrency-backed securities on Sunday following concerns of “market confusion” among participants. ETFs Remain a Gray Zone According to the SEC notice, XBT Provider’s Bitcoin and Ether exchange-traded notes (ETNs), Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF) will be suspended of trading until Sept.

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