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

On Thursday, the price of Ethereum dropped to a new low

by July 26, 2024
written by July 26, 2024

On Thursday, the price of Ethereum dropped to a new low

Yesterday’s bearish consolidation dragged the Ethereum price down to the $3087 level

Ethereum chart analysis

Yesterday’s bearish consolidation dragged the Ethereum price down to the $3087 level. A new weekly low was formed there, from which the recovery was initiated. By the end of the day, the price recovered to $3200. This morning, we started with $3175, then saw a bullish impulse above $3200, up to $3275, where the daily high was formed.

The price is in a stable bullish consolidation, and there are no signs of a potential return to the bearish side. Above $3260, we get support from the EMA 50 moving average. This would strengthen the bullish momentum for a further continuation to the bullish side. Potential higher targets are the $3300 and $3350 levels. Additional resistance for the price of Ethereum could be found in the EMA 200 moving average at $3350.

The price is trying to pull out and move to the bullish side.

With the jump above the EMA 200, we are back on the bullish side again, where we were at the beginning of this week. For a bearish option, we need a negative consolidation and price rejection from the EMA 50 moving average line. With that step, we are heading towards the $3200 level and will try to stop there. The impossibility of the price to maintain there will affect us, and we will see an impulse below $3175, and there, we will test the daily open price. Too much pressure in that zone would further weigh down the Ethereum price. After that, it is possible to test yesterday’s low again before continuing with further pullback. Potential lower targets are $3100 and $3050 levels.

 

The post On Thursday, the price of Ethereum dropped to a new low appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
USDCHF and USDJPY: USDJPY found support at 151.93
next post
The price of Bitcoin has been on a surge since last night

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

  • President Trump announces multiple judicial nominees, accuses court system of blocking him from doing his job

    May 7, 2025
  • Former USAID official warns China is already looking to fill void left by paused programs

    February 18, 2025
  • ‘Important lesson’: Conservative activist reveals ‘fascinating’ experience at liberal Sundance Film Festival

    January 31, 2025
  • Trump dishes on Milley clash over leaving military equipment in Afghanistan: ‘I knew he was an idiot’

    July 8, 2025
  • When it comes to ID, it’s time to get REAL

    May 1, 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 (5,603)
  • Investing (634)
  • Stock (867)

Latest Posts

  • ‘This man stood up’: Pro-Trump group launches blistering seven-figure ad buy as closing pitch to voters

    November 2, 2024
  • Trump administration open to allowing Iran to continue some uranium enrichment: report

    June 3, 2025
  • Restaurants are rebounding — but Starbucks and McDonald’s still have work to do

    January 29, 2025

Recent Posts

  • Senate Republican campaign committee ‘grills’ Chuck Schumer on National Hamburger Day

    May 28, 2025
  • Ripple and Tron: Tron continues its bullish trend today

    August 15, 2024
  • Dem accuses Trump admin of ‘fire sale approach’ as GOP aims to lower federal gov’s real estate portfolio

    April 8, 2025

Editor’s Pick

  • Senate hearing on who was ‘really running’ Biden White House kicks off Wednesday

    June 18, 2025
  • ‘New sheriff in town’: State finance leader rallies around key Trump victory saving ‘taxpayer dollars’

    May 7, 2025
  • Trump considers tax hike on Americans making $2.5 million or more per year

    May 8, 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