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

Ethereum price in a bearish trend since this morning

by July 22, 2024
written by July 22, 2024

Ethereum price in a bearish trend since this morning

At the start of this week, we saw the Ethereum price jump to the $3562 level. 

Ethereum chart analysis

At the start of this week, we saw the Ethereum price jump to the $3562 level. The price loses its bullish momentum at that level and begins to pull back below the $3500 level. This is how today’s low was formed at the $3460 level. For now, we have managed to stop the pullback and maintain around the $3480 level. The EMA 50 moving average, a technical indicator that shows the average price of an asset over a specific period, remained in the $3500 zone and is now on the bearish side.

We need a new impulse to get back on top and get his support again. Should Ethereum succeed in this, we could hope for further recovery on the bullish side. With a return to the $3540 level, the price would return to the positive side above the weekly open price. This would positively affect further continuation and recovery at higher levels.

 

Ethereum is in retreat from this morning to the $3460 support level.

Potential higher targets are the $3560 and $3580 levels. We need the first pullback below today’s low at $3460 for a bearish option. With a drop below, we will create a new daily low and thereby confirm the bearish pressure on the price of Ethereum. After that, we expect bearish consolidation and a pullback to the $3420 level.

At that level, we meet the EMA 200 moving average and hope for its support and the termination of further retreat. The inability to hold there will extend the bearish option and the price of Bitcoin will have to defeat a new support level. Potential lower targets are the $3400 and $33804 levels.

 

The post Ethereum price in a bearish trend since this morning appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
USDCHF and USDJPY: USDJPY under pressure  below 156.50
next post
AUDUSD and AUDNZD: AUDUSD under pressure at new low

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

  • Nvidia CEO says he was wrong about timeline for quantum, surprised his comments hurt stocks

    March 21, 2025
  • SCOOP: Inside Elon Musk’s meeting with the Senate DOGE Caucus

    February 27, 2025
  • Biden calls Russia prisoner swap deal that freed WSJ’s Gershkovich, Whelan a ‘feat of diplomacy’

    August 1, 2024
  • McCaul says he will hold Blinken in contempt after State Department shrugs off his demands for testimony

    September 10, 2024
  • Busy week ahead for Trump, Cabinet picks

    February 3, 2025

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

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

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,602)
  • Investing (634)
  • Stock (867)

Latest Posts

  • Walmart, Chipotle and others feel the heat over prices

    July 10, 2024
  • Pro-Israel congressman accuses Tel Aviv of ‘mocking’ Trump with ‘suicidal’ strikes in Syria

    July 18, 2025
  • The Euro index is increasing and the Yen index is stagnating

    July 15, 2024

Recent Posts

  • US judge orders Trump admin to pay portion of $2B in foreign aid by Monday

    March 7, 2025
  • Conservative rips blue state Republican’s proposal to raise taxes on wealthy in SALT debate

    May 19, 2025
  • Why Apple’s $1 billion bid couldn’t sway Indonesia’s ban decision

    January 9, 2025

Editor’s Pick

  • HHS downsizing begins amid RFK Jr. ‘Make America Healthy Again’ push: ‘Win-win for taxpayers’

    April 1, 2025
  • Tesla stock surges 6%: analyst sees more gains ahead

    May 12, 2025
  • Israel hits the ‘heart’ of Iran’s nuclear program in Natanz facility strike

    June 13, 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