Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»Ethereum price faces a critical test: Can $3,200 withstand the pressure?
EXCHANGE NEWS

Ethereum price faces a critical test: Can $3,200 withstand the pressure?

By Crypto FlexsApril 26, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum price faces a critical test: Can ,200 withstand the pressure?
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price is attempting to recover above the $3,125 area. For ETH to continue rising in the near term, the resistance at $3,200 needs to be cleared.

  • Ethereum extended losses and tested the $3,075 support area.
  • The price is trading below $3,180 and the 100-hour simple moving average.
  • The hourly chart of ETH/USD (data feed via Kraken) shows a major ascending channel forming with support at $3,140.
  • The pair could continue to fall if it trades below the $3,125 support.

Ethereum price faces resistance

Ethereum price struggled to recover and extend losses below the $3,100 level. ETH traded as low as $3,074 and is currently attempting another Bitcoin-like recovery.

There was a slight increase above the $3,125 resistance level. The price recently broke above the 23.6% Fib retracement level of the decline from the $3,292 swing high to the $3,074 low. However, the bears are active near the $3,200 resistance zone.

Ethereum is currently trading below $3,180 and the 100-hour simple moving average. Additionally, a major upward channel has formed with support at $3,140 on the hourly chart of ETH/USD. Immediate resistance is near the $3,180 level and the 100-hourly simple moving average.

The first major resistance is near the $3,200 level or the 61.8% Fib retracement level of the recent decline from the $3,292 swing high to the $3,074 low.

Source: ETHUSD on TradingView.com

The next major resistance level is $3,240, above which the price may gain traction towards the $3,280 level. A close above the $3,280 resistance line could cause the price to head towards the $3,350 resistance line. Ethereum may test the $3,500 resistance level if there is a move above the $3,350 resistance level. Further gains could lead Ether towards the $3,550 resistance zone.

Are there more downsides to ETH?

If Ethereum fails to clear the $3,180 resistance, it may continue to fall. Initial support for the downside is near the $3,125 level. The first major support is near the $3,075 area.

Key support is near the $3,030 level. A clear decline below the $3,030 support could lead to more losses and push the price towards $2,880. More losses could push the price towards the $2,750 level in the near term.

technical indicators

Hourly MACD – ETH/USD MACD is losing momentum in bearish territory.

RSI per hour – The RSI for ETH/USD is currently below the 50 level.

Key Support Level – $3,125

Key Resistance Level – $3,200

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Tapzi Presale Gains Traction with DeepSnitch AI and Bitcoin Hyper

October 27, 2025

Humanity protocol price rises by 70% with launch of sustainable digital ID

October 24, 2025

Bank of England to introduce stablecoin regulations by 2026

October 21, 2025
Add A Comment

Comments are closed.

Recent Posts

US Bitcoin reports holdings of 3,865 BTC after recent acquisition

October 27, 2025

Swiss Bitcoin App Relai Acquires MiCA License In France

October 27, 2025

Tapzi Presale Gains Traction with DeepSnitch AI and Bitcoin Hyper

October 27, 2025

The first extension for Solana developers

October 27, 2025

River Public Sale – 48-Hour Dutch Auction Lowest Price Settlement, Claim And Refund Instantly After End

October 27, 2025

Jiuzi Holdings, Inc. Partners With SOLV Foundation On $2.8B TVL Bitcoin Initiative To Advance Crypto Treasury Strategy

October 27, 2025

Why Elon Musk’s SpaceX transferred $133 million in Bitcoin

October 27, 2025

Stablecoin payments reach $10 billion with mainstream adoption

October 26, 2025

Ethereum Rebounds from Bull Market Support: Can It Conquer the ‘Pocket of Gold’ Next?

October 26, 2025

TRX Price Prediction: TRON targets $0.35-$0.62 despite the current oversold situation.

October 26, 2025

Shamir’s Secret Sharing (SSS) for secure quantum data storage

October 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

US Bitcoin reports holdings of 3,865 BTC after recent acquisition

October 27, 2025

Swiss Bitcoin App Relai Acquires MiCA License In France

October 27, 2025

Tapzi Presale Gains Traction with DeepSnitch AI and Bitcoin Hyper

October 27, 2025
Most Popular

Presentation Proof: Transform the presentation landscape with AI-driven insights and leading Web3 VCs.

April 25, 2024

Have a Bitcoin Pizza Day with extra cheese slots from BitStarz!

May 22, 2024

PV Installer Earns $30,000 with DDB Miner

December 2, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.