• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

The price of Ethereum is losing momentum at the $3200 level

by July 12, 2024
written by July 12, 2024

The price of Ethereum is losing momentum at the $3200 level

This week’s bullish rally in the price of Ethereum was stopped on Thursday at the $3213 level. 

Ethereum chart analysis

This week’s bullish rally in the price of Ethereum was stopped on Thursday at the $3213 level. After forming a high at that level, the price lost momentum and initiated a pullback. By the end of the day, we pulled back below the EMA 200 moving average and the $3100 level. This morning, we continued with the bearish consolidation up to the $3058 level.

Ethereum is still under pressure to start a further retreat because the recovery from this morning’s low is very small so far, up to the $3080 level. This could increase the pressure on the price to start a further pullback and visit lower levels. We are looking at the $3000 level as a possible first more concrete support zone. By descending to that level, we would return to the movement zone from Monday.

 

Ethereum’s new pullback below the 200 EMA could delay the recovery?

Staying in that zone for too long would cause Ethereum to initiate a bearish consolidation and continue its decline. Potential lower targets are $2950 and $2900 levels. The weekly open price at $2930 would also be on the test. For a bullish option, we need price stabilization at the current level. After that, we can hope for the initiation of a positive consolidation and a new rise above $3100 and the EMA 200 moving average.

If Ethereum manages to move above, it will gain significant support from the EMA 200, which should open the way for further recovery. This should give us reason to be optimistic about Ethereum’s future performance.

 

The post The price of Ethereum is losing momentum at the $3200 level appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Is XRP a Good Investment? Expert Insights for 2024
next post
Bitcoin price makes a new pullback below the $58000 level

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • New book reveals what Obama and ‘conqueror’ Trump chatted about in viral moment during Carter’s funeral

    July 10, 2025
  • Asian stocks wobbly on Thursday: Nikkei down 1%, Hang Seng flat

    January 9, 2025
  • DOGE’s greatest hits: Look back at the department’s most high-profile cuts during Trump’s first 100 days

    April 29, 2025
  • Former Trump official slams UN reform efforts as ‘eight and a half years late’

    May 2, 2025
  • DOJ warns Elon Musk’s America PAC that $1 million giveaway may break the law

    October 23, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,509)
  • Investing (634)
  • Stock (941)

Latest Posts

  • Trump to put tariff exemptions on certain goods from Canada, Mexico

    March 7, 2025
  • Direct aid to Israel should be phased out to ‘reduce US leverage,’ influential conservative groups argue

    March 13, 2025
  • White House calls Democrat criticism of DOGE ‘unacceptable’ and ‘incredibly alarming’

    February 5, 2025

Recent Posts

  • Robofund Review

    August 27, 2024
  • Put policy aside: Kamala Harris will win or lose based on the excitement factor

    August 20, 2024
  • Europe markets open: Stoxx 600 dips as UK exports nosedive & Trump’s tariff claims sow chaos

    June 12, 2025

Editor’s Pick

  • Why an indicator that has foretold almost every recession doesn’t seem to be working anymore

    July 25, 2024
  • SafeMoon and Litecoin: Litecoin forms a new high at $73.53

    July 16, 2024
  • Government shutdown drags into weekend as Senate Democrats block GOP plan

    October 3, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock