Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»EXCHANGE NEWS»Ethereum price falling support, another opportunity to load ETH?
EXCHANGE NEWS

Ethereum price falling support, another opportunity to load ETH?

By Crypto FlexsApril 2, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum price falling support, another opportunity to load ETH?
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price faced rejection and fell from the $3,650 range. ETH has retested the $3,320 support and may begin a further hike.

  • Ethereum began another decline and was trading below the $3,500 support zone.
  • The price is trading below $3,500 and the 100-hour simple moving average.
  • The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming with resistance near $3,420.
  • If it settles above the $3,450 resistance zone, it could gain bullish momentum.

Ethereum price falls again

Ethereum price has struggled to continue rising above the $3,650 resistance level. ETH faced a rejection and, like Bitcoin, began a new downtrend below the $3,550 level.

There was a sharp decline below the $3,500 and $3,450 levels. Finally, the $3,320 support area was retested. The lowest point was made at $3,324 and the price is currently recovering. There was a move above the $3,360 level. Ethereum is currently trading below $3,500 and the 100-hour simple moving average.

On the other hand, immediate resistance is close to the $3,400 level. This is close to the 23.6% Fib retracement level of the downward move from the $3,654 swing high to the $3,324 low.

The first major resistance is near the $3,420 level and the trend line. The next major resistance is at $3,450, above which the price could test the 50% Fib retracement level for a downward move from the $3,654 swing high to the $3,324 low.

The next major resistance is seen near the $3,520 level and the 100-hourly simple moving average, above which Ether could gain bullish momentum. If stated, the price could rise towards the $3,650 barrier.

Source: ETHUSD on TradingView.com

If there is a move above the $3,650 resistance level, Ethereum may move higher towards the $3,720 resistance level. A test of $3,880 may be needed for further gains.

Will there be more losses in ETH?

If Ethereum fails to clear the $3,420 resistance, it may continue to fall. Initial support for the downside is near the $3,320 level.

The first major support is near the $3,250 area. The next major support could be the $3,220 zone. A clear move below the $3,220 support could lead the price towards $3,120. Any more losses could push the price down to the $3,040 level.

technical indicators

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

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

Key Support Level – $3,320

Key Resistance Level – $3,420

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano (ADA) flashes optimistic signals. Did the meeting just started?

July 26, 2025

Ether Leeum price rises

July 23, 2025

Bitcoin Price $ 123K Explosion -Trader Brace for Brake Out

July 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Safe and expandable MCP server development: Main strategies and best practices

July 27, 2025

Cardano (ADA) flashes optimistic signals. Did the meeting just started?

July 26, 2025

DL Mining Launches In The U.S.

July 26, 2025

Ripple CTO’s amazing regret for censorship

July 26, 2025

Ether Leeum validation exit exit queue will explode with 521,000 ETH ATH.

July 26, 2025

Wake’s GMX Hacking Analysis and Attack Scenario

July 25, 2025

Pepeto Announces $5.5M Presale And Demo Trading Platform

July 25, 2025

$75K In Rewards Announced For Valhalla’s First-Ever Tournament

July 25, 2025

Bitcoin Market Bullish? DL Mining Launches $100 Bonus + Sustainable Cloud Mining

July 25, 2025

Bybit And Tether Launch Strategic Partnership To Accelerate Crypto Adoption In Brazil

July 25, 2025

Remittix Presale Raises $17M After Revealing Next-Gen Web3 Wallet Beta Launch Date

July 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

Safe and expandable MCP server development: Main strategies and best practices

July 27, 2025

Cardano (ADA) flashes optimistic signals. Did the meeting just started?

July 26, 2025

DL Mining Launches In The U.S.

July 26, 2025
Most Popular

Switzerland pioneers open source software and digital sovereignty initiatives

August 23, 2024

Ether Leeum Network Growth, Strong ETH futures support $ 2.4K

May 30, 2025

Bitcoin traders are hoping to drain liquidity as the BTC price returns to $62,000.

June 27, 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.