Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»EXCHANGE NEWS»Ethereum Surpasses Bitcoin: Leaping Amid Market Differences
EXCHANGE NEWS

Ethereum Surpasses Bitcoin: Leaping Amid Market Differences

By Crypto FlexsJune 19, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Surpasses Bitcoin: Leaping Amid Market Differences
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price started a new rise from the $3,350 support zone. ETH is outperforming Bitcoin and may rise further towards the $3,650 resistance.

  • Ethereum is gaining pace from the key $3,365 support area.
  • The price is trading above $3,450 and the 100-hour simple moving average.
  • On the ETH/USD hourly chart (data feed via Kraken), a breakout occurred above a major bearish trendline with resistance near $3,460.
  • The pair formed a double bottom pattern and rose above the $3,500 resistance.

Ethereum price holds key support

Ethereum price remained above the $3,350 support zone. ETH formed a double bottom pattern near $3,350 as discussed yesterday before forming a base and starting a new increase.

It outperformed Bitcoin and broke the $3,450 resistance line. There was a move clearly above the 50% Fib retracement level moving down from the $3,650 swing high to the $3,350 low. Additionally, a major bearish trendline with resistance near $3,460 was broken on the hourly chart of ETH/USD.

Ethereum is currently trading above $3,450 and the 100-hour simple moving average. It is also showing positive signs of further gains above the $3,535 level. On the upside, the price may face resistance near the $3,580 level or the 76.4% Fib retracement level for a downward move from the $3,650 swing high to the $3,350 low.

The first major resistance is near the $3,650 level. An upside reversal above the $3,650 resistance could push the price higher. The next major resistance level is $3,720, above which the price may gain traction and advance towards the $3,750 level.

Source: ETHUSD on TradingView.com

A clear break above the $3,750 level could push Ether towards the $3,880 resistance. More gains could push Ethereum towards the $4,000 resistance zone in the coming days.

Another decline in ETH?

If Ethereum fails to clear the $3,580 resistance, another decline could begin. Initial support on the downside is near $3,500. The first major support is at $3,450.

A clear break below the $3,450 support could push the price towards $3,350. More losses could push the price towards the $3,220 level in the near term.

technical indicators

Hourly MACD – ETH/USD MACD is gaining momentum in the bullish zone.

RSI per hour – The RSI for ETH/USD is now above the 50 area.

Key Support Level – $3,450

Key Resistance Level – $3,580

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

The price is farther, and the investor of EDGE

June 5, 2025

Vechain is a crawling for the Renaissance upgrade among the veterinarian price pressure.

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

NVIDIA’s BLACKWELL Architecture MLPERF has set up new performance standards.

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

Bitfinex updates version 1.116 improved platforms

June 6, 2025

Encryption leverage: 2025 trend and change analysis

June 6, 2025

Why DEGO Price tank 60%after moving USD1 Stablecoin

June 6, 2025

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 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

NVIDIA’s BLACKWELL Architecture MLPERF has set up new performance standards.

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025
Most Popular

Crypto leaders have focused on the UK Labor Party ahead of the election.

June 12, 2024

Critical RCE vulnerability discovered in Kafka UI

July 22, 2024

Simplify Bitcoin Transactions with Alby Wallet

May 14, 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.