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

Ethereum price stopped the bullish trend this morning

by September 11, 2024
written by September 11, 2024

Ethereum price stopped the bullish trend this morning

The price of Ethereum climbed to a new weekly high this morning at the $2397 level

Ethereum chart analysis

The price of Ethereum climbed to a new weekly high this morning at the $2397 level. Shortly thereafter, we saw the initiation of a bearish consolidation to the $2320 support level. With this move, we are testing yesterday’s support zone. The price has fallen below the EMA 50 moving average, which further strengthens the bearish pressure. The $2340 level is an important point because if we stay below it, the pullback to the bearish side will follow.

Potential lower targets are $2300 and $2280 levels. This week’s Ethereum low price is at $2272. Since Friday, we have been in a growing consolidation, and by falling to a new weekly low, we will see a breakthrough of this formation. For a bullish option, we need a slight rise above the EMA 50 moving average and the $2340 level.

 

Today’s bearish picture could continue if we do not get back above the EMA 50

The new support for Ethereum’s price should positively affect its further advance to the bullish side. The impulse above the $2365 level gives the price new support in the EMA 200 moving average to continue on the bullish side. After that, we can hope for a test of this week’s high and a move to a new one. Potential higher targets are the $2420 and $2440 levels.

Ethereum rose 1% on Tuesday, while ETH-linked ETFs continue to fare poorly with another day of outflows. Weak fund flows into ETH ETFs may be due to their historically weak performance in the third quarter. ETH reserves are also rising after a slow price rise. Flows were dominated by outflows of $22.6 million from Grayscale’s ETHE, bringing total asset losses since the launch of ETH ETFs to $2.69 billion.

 

The post Ethereum price stopped the bullish trend this morning appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
The price of natural gas is rising ahead of the coming storm
next post
NZDUSD and USDTRY: NZDUSD at a new weekly 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

  • Pepsi sued by federal regulators for giving Walmart preferential soft-drink pricing

    January 17, 2025
  • In wake of L.A. wildfires, a diverse small business community looks to rebuild

    March 3, 2025
  • Vance dismisses polls that show Harris ahead: ‘Wildly inaccurate’

    August 18, 2024
  • 16 vulnerable House Dems who traveled to White House a combined 133 times during Biden’s tenure

    July 11, 2024
  • Zelenskyy says ire with Trump began with pro-Putin rhetoric

    March 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

    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 (4,734)
  • Investing (624)
  • Stock (775)

Latest Posts

  • State, Treasury Departments reimposes ‘maximum pressure’ sanctions on Iran’s oil trade

    February 24, 2025
  • Americans rate Trump’s Cabinet picks in new poll

    December 12, 2024
  • Denmark PM says ‘you cannot spy against an ally’ following reports of US spying on Greenland

    May 10, 2025

Recent Posts

  • Top House Dems say they’ll join GOP to quash Trump impeachment effort

    May 14, 2025
  • UK’s FCA proposes regime for private stock markets with PISCES

    January 7, 2025
  • Harris flips on another policy position: Banning plastic straws

    September 7, 2024

Editor’s Pick

  • DEFTF Stock Price and Forecast – Get All The Info

    September 17, 2024
  • Lori Chavez-DeRemer: The little-known Trump nominee who may need to rely on Dems to cross finish line

    February 11, 2025
  • Gold and Silver: Gold hit a new all-time high this morning

    July 17, 2024
  • 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