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

Ethereum price is entering a sideways consolidation

by July 24, 2024
written by July 24, 2024

Ethereum price is entering a sideways consolidation

Ethereum’s price has been losing momentum in the past two days, showing us bearish signs. 

Ethereum chart analysis

Ethereum’s price has been losing momentum in the past two days, showing us bearish signs. This led us to see the formation of a new glacial low at the $3393 level last night. For a short time, the price was below the EMA 200 moving average, and later, we saw a return above $3450. Today’s resistance, a level where selling pressure is significantly high and prevents the price from rising further, is at the $3500 level, which is not good for us if we plan to move further to the bullish side.

A new bearish consolidation followed, followed by another pullback to $3450 and the EMA 200 moving average. This brings Ethereum back under bearish pressure and increases the chances of us seeing momentum below this support. After that, we may see a test of yesterday’s low before creating a new one. Potential lower targets are the $3380 and $3360 levels.

 

Ethereum, at the turning point, is sitting on the EMA 200 moving average

At $3380, the price could find support as we successfully maintained above that level last week. For a bullish option, it is crucial to hold above the EMA 200 first of all. If we succeed in this, Ethereum could start a positive consolidation. A new price return to the $3500 zone would be the first step that could initiate further growth.

It also moves us above the daily open price, which increases optimism for a bullish scenario. Potential higher targets are $3520 and $3540 levels. The $3540 zone is of utmost importance because we are testing the weekly open price there, and we need a break above it to move to the positive side. This reiteration should make you feel the significance of this level.

 

The post Ethereum price is entering a sideways consolidation appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump team files FEC complaint over transfer of Biden’s $91M to Harris campaign: ‘Brazen money grab’
next post
The price of Bitcoin is trying to hold above moving average

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

  • Hamas, who sparked war with Israel, says Trump’s rebuild Gaza plan is a ‘Recipe for creating chaos’

    February 5, 2025
  • Conservatives rally around Hegseth after he turns tables on Hillary Clinton with Russia ‘reset’ photo

    March 3, 2025
  • JOE MANCHIN: The American people picked Trump. Now is the time to deliver solutions for everyone

    November 17, 2024
  • Kamala Harris offers vague ‘Day 1’ Oval Office plan in CNN interview: ‘A number of things’

    August 30, 2024
  • Reporter’s Notebook: Following President Biden on his ‘global finale’ to Africa

    December 7, 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

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

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

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

    July 19, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,691)
  • Investing (624)
  • Stock (770)

Latest Posts

  • Why Ford believes its $1.9 billion shift in EV strategy is the right choice for the company

    August 24, 2024
  • US-Ukraine rift breaks out at United Nations on 3rd anniversary of the war

    February 24, 2025
  • Amazon, Tesla drive Magnificent Seven surge on US-China trade deal

    May 12, 2025

Recent Posts

  • Trump pushes tax hikes for wealthy as ‘big, beautiful bill’ deadline looms

    May 9, 2025
  • 1,000 days of war in Ukraine as Zelenskyy doubles down on aerial options with ATACMS, drones and missiles

    November 19, 2024
  • Buttigieg’s remark claiming men are ‘more free’ with easy access to abortion sparks outrage among pro-lifers

    July 30, 2024

Editor’s Pick

  • Barclays settles $17.7 billion debt sale lawsuit for $19.5 million amid securities fraud claims

    December 4, 2024
  • Trump merchandise outsells pro-Harris by striking margin, as Election Day draws near

    October 29, 2024
  • DOGE stimulus checks: Johnson side-steps question on Trump plan, says US has ‘giant deficit’

    February 21, 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