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 Rise Risks: Will the Downtrend Continue?
EXCHANGE NEWS

Ethereum Price Rise Risks: Will the Downtrend Continue?

By Crypto FlexsSeptember 5, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Price Rise Risks: Will the Downtrend Continue?
Share
Facebook Twitter LinkedIn Pinterest Email

This article is also available in Spanish.

Ethereum price is attempting a recovery wave above $2,420. ETH needs to break through the $2,500 resistance level to continue its uptrend in the short term.

  • Ethereum is attempting a recovery in the $2,320 range.
  • The price is trading below $2,480 and the 100 hourly simple moving average.
  • A major downtrend line has broken, forming resistance at $2,430 on the ETH/USD hourly chart based on data provided by Kraken.
  • The pair needs to break the $2,500 resistance level to continue its uptrend in the short term.

Ethereum price faces resistance

Ethereum price extended its downtrend below the $2,400 level. ETH was trading below the $2,350 support level before the bullish turn. A low was formed at $2,308 and the price is now attempting a Bitcoin-like recovery wave.

It moved above the $2,350 and $2,400 resistance levels. The price rose above the 50% Fibonacci correction level of the downtrend from the $2,565 swing high to the $2,308 low. It also broke above the major downtrend line with resistance at $2,430 on the hourly chart of ETH/USD.

However, the price has hit a snag near $2,480. The Ethereum price is currently trading below $2,480 and the 100-hourly simple moving average. From an uptrend perspective, the price seems to have hit a snag near the $2,465 level. It is close to the 61.8% Fibonacci retracement level of the downtrend from the $2,565 swing high to the $2,308 low.

Source: ETHUSD on TradingView.com

The first major resistance is near the $2,500 level. A close above the $2,500 level could see Ether move towards the $2,550 resistance. The next major resistance is near $2,620. A break above the $2,620 resistance could see the price move towards the $2,780 resistance area in the short term.

Will ETH fall again?

If Ethereum fails to break the $2,465 resistance, it could start another downtrend. The initial support for the downtrend is near $2,435. The first major support is near the $2,400 area.

A clear move below the $2,400 support could see the price rise to $2,340. Further losses could see the price rise to the $2,300 support in the short term. The next major support is $2,250.

Technical indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.

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

Key Support Level – $2,400

Key Resistance Level – $2,500

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025

Ether Lee’s price retreat, a market for watching $ 4,200 for the next movement

August 19, 2025

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

August 16, 2025
Add A Comment

Comments are closed.

Recent Posts

Mine BTC Daily With Okalio Mining, Allowing You To Earn Steady Profits Without Investing In Equipment!

August 25, 2025

HKGAI And FLock.io Partner To Advance Decentralised AI For Government Efficiency

August 25, 2025

BNB chain overtakes polygons with NFT sales on the 7th.

August 25, 2025

Distributed financial introduction

August 24, 2025

SANTIMENT says that Fed Rate Talk Signals Signals problems arise.

August 24, 2025

Ethereum Breaks $4,750 Support As Pepeto Crosses $6,287,248 In Presale Funding

August 23, 2025

Builders, Investors, And Developers Meet Again To Shape The Web Space

August 23, 2025

Bitcoin News Today: Ether (ETH) is 5K $ 5K and BTC Eyes is recorded as Powell Sparks Rally. DAT transaction risk: Be careful with asset managers

August 23, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

Ether ETF is a comeback of $ 280 million, with bitcoin leaked stripes hit on the 5th.

August 22, 2025

Will Cardano (ADA) step back and push the bear back low?

August 22, 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

Mine BTC Daily With Okalio Mining, Allowing You To Earn Steady Profits Without Investing In Equipment!

August 25, 2025

HKGAI And FLock.io Partner To Advance Decentralised AI For Government Efficiency

August 25, 2025

BNB chain overtakes polygons with NFT sales on the 7th.

August 25, 2025
Most Popular

Trader Says 3 Memecoins Are Loading for Next Rise, Updates Forecast for Solana and 2 More Altcoins

July 31, 2024

Metaplanet wants to increase its Bitcoin holdings to 10,000 in 2025.

January 7, 2025

Cryptocurrency Storage in Hong Kong: Compliance Changes Explained

February 21, 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.