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

Ethereum continues to hold above weekly support at $3250

by July 31, 2024
written by July 31, 2024

Ethereum continues to hold above weekly support at $3250

On Monday, the price of Ethereum stopped at the $3396 level.

Ethereum chart analysis

On Monday, the price of Ethereum stopped at the $3396 level. We were a little short of climbing up to the $3400 level. The price lost momentum there and turned to the bearish side. After that, a bearish consolidation was initiated until the first support at $3250. There, we tested the weekly open price and started a new recovery on Tuesday. We only managed to climb up to $3365 because we didn’t have the strength to go any further.

This led to a new pullback and the formation of the weekly low last night at the $3235 level. After that, the price of Ethereum stabilized for the second time and returned to above the weekly open price of $3300. The current bullish consolidation continues to push the price to the $3330 level, where it will try to gain support from the EMA 200 moving average.

Ethereum price is under pressure at $3400 and needs stronger momentum to move above

With new support from this moving average, Ethereum could first attack yesterday’s high at $3365. By winning that peak, the price will have good momentum for further continuation to the bullish side. Potential higher targets are $3375 and $3400 levels. By crossing above $3400, we are going to a new weekly high and could continue towards last week’s high.

For a bearish scenario, the Ethereum price should trigger a bearish consolidation and move back down to the weekly open price. This level is of utmost importance because, with a downward impulse from here, we shift to the negative side. The formation of a new weekly lower low confirms bearish pressure and signals a potential further pullback. Lower targets to watch for are the $3200 and $3175 levels, keeping the audience well-informed about the potential market movements.

 

The post Ethereum continues to hold above weekly support at $3250 appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
ApeCoin and Akita Inu: Akita Inu is testing last week’s low
next post
Solana and Cardano: Cardano under bearish pressure this week

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

  • Biden admin extends $10B Iran sanctions waiver 2 days after Trump election win

    December 11, 2024
  • Schumer calls on Leland Dudek, acting commissioner of SSA, to resign

    April 15, 2025
  • Comcast announces plan to spin off cable channels, including MSNBC, CNBC and USA

    November 20, 2024
  • Israeli troops will remain in Gaza buffer zones indefinitely, Defense Minister Katz says

    April 17, 2025
  • Hawley urges DOJ probe of Chinese trucking company

    May 29, 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

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

    December 4, 2024
  • 3

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

    July 19, 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 (5,251)
  • Investing (634)
  • Stock (832)

Latest Posts

  • Trump’s speedy Cabinet picks show his ‘priority to put America first,’ transition team says

    November 13, 2024
  • Trump weighs striking Iranian nuclear facilities: ‘I may do it, I may not do it’

    June 18, 2025
  • How a tiny town hit by Helene could upend the global semiconductor chip industry

    October 4, 2024

Recent Posts

  • Tesla Stock Prediction 2025: Growth, Prospects, and Risks

    August 12, 2024
  • Trump envoy meets Putin in Russia as Trump fumes over stalled Ukraine peace talks

    April 11, 2025
  • Oil and Natural Gas: Oil remains under pressure below $70.00

    September 13, 2024

Editor’s Pick

  • Trump Labor Department secures eye-popping sum to return to taxpayers amid DOGE push

    April 1, 2025
  • Trump approval rating hits 47%, as Americans name his most significant move so far: poll

    February 20, 2025
  • Omaha city councilman mounts bid to succeed outgoing House Republican Rep. Don Bacon

    July 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