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 Hits Resistance: Can ETH Rally Again?
EXCHANGE NEWS

Ethereum Price Hits Resistance: Can ETH Rally Again?

By Crypto FlexsAugust 2, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Price Hits Resistance: Can ETH Rally Again?
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price corrected its uptrend and traded below the $3,300 level. ETH is consolidating and facing obstacles near the $3,300 resistance zone.

  • Ethereum started a downward correction from the $3,400 resistance level.
  • The price is trading below $3,330 and the 100 hourly simple moving average.
  • A major bullish trend line has broken below the $3,295 support level on the ETH/USD hourly chart, according to data provided by Kraken.
  • The pair could start further upside if it breaks the $3,330 resistance zone.

Ethereum Price Extends Downtrend Below $3,300

Ethereum price failed to break the $3,400 resistance level and started a downward correction like Bitcoin. ETH was trading below the $3,330 and $3,300 support levels, entering a short-term downtrend.

On the hourly chart of ETH/USD, there was a break below the major bullish trend line with support at $3,295. The pair surged below the support area of ​​$3,250. A low was formed at $3,231 and the price is now consolidating losses. It recovered some of the losses and traded above $3,280.

The price tested the 50% Fibonacci correction level from the $3,362 swing high to the $3,231 low. Ethereum price is currently trading below $3,300 and the 100 hourly simple moving average.

If there is a new uptrend, the price may face resistance near the $3,300 level and the 100-hourly simple moving average. The first major resistance is near the $3,330 level and the 76.4% Fibonacci retracement level of the downtrend from the $3,362 swing high to the $3,231 low.

Source: ETHUSD on TradingView.com

The next major hurdle is near the $3,350 level. A close above the $3,350 level could see Ether move towards the $3,400 resistance level. The next major resistance level is near the $3,500 level. A break above the $3,500 resistance level could see the price move towards the $3,650 resistance level in the short term.

Will ETH fall again?

If Ethereum fails to break the $3,330 resistance, it could continue to decline. The initial support level for the downtrend is near $3,250. The first major support level is near the $3,230 area.

A clear move below the $3,230 support level could see the price rise to $3,180. Further losses could see the price rise to the $3,080 support level in the short term. The next major support level is $3,020.

Technical indicators

MACD every hour – The MACD for ETH/USD is losing momentum in a downtrend.

Hourly RSI – The RSI for ETH/USD is currently below the 50 zone.

Key Support Level – $3,230

Key Resistance Level – $3,330

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Analysts predict a 1,500% rally when PEPE price reaches $0.00012.

October 30, 2025

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
Add A Comment

Comments are closed.

Recent Posts

Radiant Capital hacker transferred 5,400 ETH to Tornado Cash: PeckShield.

October 31, 2025

Pioneering Data Sovereignty Through Real-World Utility And Cultural Heritage

October 31, 2025

$BALZ Brings The Meme Migration Home

October 31, 2025

By The End Of 2025, Everyone Should Know The Best Way To Increase Wealth.

October 31, 2025

Aster’s Rocket Launch Surpasses $1B In Trading Volume, As Nubila Joins With Over 6 Million $NB In Rewards

October 31, 2025

SBF’s

October 31, 2025

Open Miner Cloud Mining Revolutionizes Cryptocurrency Mining, Generating Up To $32,000 In Daily Profits.

October 31, 2025

Analysts predict a 1,500% rally when PEPE price reaches $0.00012.

October 30, 2025

Unibase (UB), Humanity (H), And ConstructKoin (CTK) Are This Week’s Crypto Winners As Decentralized Infra Shines

October 30, 2025

Let AI Work For You — Empowering Everyone To Profit From The Intelligence Era

October 30, 2025

NOWPayments Launches $0 USDT (TRC20) Network Fee Offer For New Partners

October 30, 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

Radiant Capital hacker transferred 5,400 ETH to Tornado Cash: PeckShield.

October 31, 2025

Pioneering Data Sovereignty Through Real-World Utility And Cultural Heritage

October 31, 2025

$BALZ Brings The Meme Migration Home

October 31, 2025
Most Popular

BTC Options Implied Volatility Surges Ahead of Trump’s Bitcoin 2024 Attendance: Analysts

July 23, 2024

BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

November 25, 2023

The decentralized education altcoin surged 117% this week following the Web3 company’s node sale and purchase announcement.

May 26, 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.