Ethereum Price Loses $2,350: Rebound Ahead?
Ethereum price loses $2,350 level, sparking concerns among traders. The ETH price dipped below $2,400 and $2,350 levels.
Ethereum Price Analysis
Ethereum started a downside correction from the $2,465 zone. The price is trading below $2,350 and the 100-hourly Simple Moving Average. A bearish trend line is forming with resistance at $2,300 on the hourly chart of ETH/USD.
Ethereum Price Prediction
Rebound Signals
If the bulls remain in action above $2,250, the price could attempt another increase. Immediate resistance is seen near the $2,300 level and the trend line. The first key resistance is near the $2,335 level.
Ethereum Price Forecast
A clear move above the $2,360 resistance might send the price toward the $2,415 resistance. An upside break above the $2,415 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,465 resistance zone or even $2,500 in the near term.
Key Takeaways
- Ethereum price loses $2,350 level, sparking concerns among traders.
- The ETH price dipped below $2,400 and $2,350 levels.
- A bearish trend line is forming with resistance at $2,300 on the hourly chart of ETH/USD.
- A clear move above the $2,360 resistance might send the price toward the $2,415 resistance.
Frequently Asked Questions
What is the current Ethereum price?
The current Ethereum price is trading below $2,350 and the 100-hourly Simple Moving Average.
What is the next major resistance for Ethereum?
The next major resistance is near the $2,360 level or the 50% Fib retracement level of the downward move from the $2,465 swing high to the $2,253 low.
