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 Recovery Could Stall Near 100-SMA: Is a Downturn Coming?
EXCHANGE NEWS

Ethereum Price Recovery Could Stall Near 100-SMA: Is a Downturn Coming?

By Crypto FlexsSeptember 10, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Price Recovery Could Stall Near 100-SMA: Is a Downturn Coming?
Share
Facebook Twitter LinkedIn Pinterest Email

This article is also available in Spanish.

Ethereum price is attempting a recovery wave above $2,280. ETH needs to break through the $2,360 resistance level to continue its uptrend in the short term.

  • Ethereum is attempting a recovery in the $2,150 range.
  • The price is trading below $2,320 and the 100 hourly simple moving average.
  • A major downtrend line has broken, forming resistance at $2,280 on the ETH/USD hourly chart based on data provided by Kraken.
  • The pair needs to break the resistance level of $2,360 to continue its uptrend in the short term.

Ethereum price faces resistance

Ethereum price attempted a recovery wave above the $2,400 level. However, ETH failed to break above the $2,450 resistance zone. Like Bitcoin, there was a fresh decline below $2,320.

The $2,150 support level was tested. A low was formed at $2,150 and the price is currently attempting a recovery wave. It moved above the $2,220 and $2,280 resistance levels. The price rose above the 23.6% Fibonacci retracement level of the downtrend from the $2,488 swing high to the $2,150 low.

There was a break above the major downtrend line along with the resistance at $2,280 on the hourly chart of ETH/USD. Ethereum price is currently trading below $2,320 and the 100-hourly simple moving average.

On the upside, the price seems to be facing a hurdle near the $2,320 level. The first major resistance level is near the $2,360 level or the 61.8% Fibonacci correction level of the downtrend from the $2,488 swing high to the $2,150 low. A close above the $2,360 level could see Ether move towards the $2,420 resistance level.

Source: ETHUSD on TradingView.com

The next major resistance is near $2,480. A break above the $2,480 resistance could push the price higher towards the $2,550 resistance in the short term.

Will ETH fall again?

If Ethereum fails to break the $2,360 resistance, it could start another downtrend. The initial support for the downtrend is near $2,250. The first major support is near the $2,180 area.

A clear move below the $2,180 support level could see the price rise to $2,150. Further losses could see the price rise to the $2,050 support level in the short term. The next major support level is $2,000.

Technical indicators

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

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

Key Support Level – $2,180

Key Resistance Level – $2,360

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Price is a 4% slide after a strong rally?

August 16, 2025

Analysts predict the XRP price conflict for less than $ 3, but there are good news.

August 13, 2025

Ethereum (ETH), SEI (Sei), and Bonk (Bonk) gathered in July, but one token is prepared to dominate next.

August 10, 2025
Add A Comment

Comments are closed.

Recent Posts

Nuseir Yassin, Dr. Maye Musk, And More To Lead The Stage

August 19, 2025

Despite the ETF leakage, Bitcoin is steadily at $ 115K as whales purchase

August 19, 2025

$ 500m liquidation Rock Ethereum and Bitcoin: Do the collisions fuel to the whale accumulation?

August 19, 2025

Stake key encryption assets also require inheritance.

August 18, 2025

Bybit Private Wealth Management’s Standout USDT Yield Strategy Set New Bar In July

August 18, 2025

Up To 10x Leverage, Full Transparency, And Built-In Risk Controls

August 18, 2025

Flipster Unveils The First Zero-Spread Model In Crypto Perpetuals Trading

August 18, 2025

NORGES BANK UPS BITCOIN exposure is 84%: standard tank

August 18, 2025

By 2026, $ 1m Bitcoin can cause disasters!

August 17, 2025

Gemini file for Gemi’s NASDAQ list as a loss mount

August 16, 2025

Bitcoin Price is a 4% slide after a strong rally?

August 16, 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

Nuseir Yassin, Dr. Maye Musk, And More To Lead The Stage

August 19, 2025

Despite the ETF leakage, Bitcoin is steadily at $ 115K as whales purchase

August 19, 2025

$ 500m liquidation Rock Ethereum and Bitcoin: Do the collisions fuel to the whale accumulation?

August 19, 2025
Most Popular

New Ethereum (ETH) Rivals Berachain (Bera) Wake up according to the list of shock Bianos.

February 7, 2025

Solana ETF, MiCA Framework and Reth Client Highlights of the Week on Ethereum

June 30, 2024

Bitcoin price falls again. What could spark a new uptick?

December 18, 2023
  • 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.