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»Is an Ethereum price rebound at risk? Key supports to watch out for in the near term
EXCHANGE NEWS

Is an Ethereum price rebound at risk? Key supports to watch out for in the near term

By Crypto FlexsNovember 30, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Is an Ethereum price rebound at risk?  Key supports to watch out for in the near term
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price adjusted below $2,050. ETH is currently consolidating above the $2,020 support and could start a fresh increase in the near future.

  • Ethereum is still struggling to break above the $2,075 and $2,080 resistance levels.
  • The price is trading below $2,050 and the 100-hour simple moving average.
  • On the hourly chart of ETH/USD (data feed via Kraken), a break has occurred below a key bullish trendline with support at $2,040.
  • A break above the 100-hour simple moving average and then $2,075 would provide bullish momentum.

Ethereum price adjustment profit

Ethereum price struggled to break the $2,075 resistance zone. The bears took control and pushed ETH below the $2,050 level. However, Bitcoin remained above the $37,550 support zone.

ETH traded below the 50% Fib retracement level, rising from the $1,986 swing low to the $2,076 high. Additionally, a break occurred below the main bullish trendline supporting $2,040 on the ETH/USD hourly chart.

Ethereum is currently trading below $2,050 and the 100-hour simple moving average. It is now consolidating above the $2,020 support area. On the other hand, the price is finding resistance near the $2,00 area and the 100-hour simple moving average.

The first major resistance is near the $2,075 level. The next resistance level is $2,090. A clear break above the $2,090 level could lead the price towards the $2,130 resistance area.

Source: ETHUSD on TradingView.com

The next resistance level is near $2,200, if it breaks above it could target an advance towards the $2,250 level. Any more gains could start a wave towards the $2,320 level.

Will there be more losses in ETH?

If Ethereum fails to clear the $2,050 resistance, it may continue to fall. Initial support for the downside is near the $2,020 level. The next major support is $2,000.

A break below $2,000 could begin a steady decline. The key support level is currently at $1,930, and a break below this level risks a near-term decline towards the $1,880 level.

technical indicators

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

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

Key Support Level – $2,020

Key Resistance Level – $2,075

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

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

Arca EXEC writes a scratch on Circle after IPO

June 6, 2025

The robot of 1x Technologies aims to revolutionize ordinary work with AI.

June 5, 2025

Trump is a magical Eden encryption wallet tie, Trump coin deep 13%

June 5, 2025

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

June 5, 2025

The Ether Leeum Foundation summarizes a comprehensive financial policy.

June 5, 2025

Using BCC mining increases daily passive income of $ 57,700

June 5, 2025

Ray for the square and scalable AI solutions and RAG pipelines on all scale

June 5, 2025

Economist Henrik Zeberg says that Altcoins is trying to start an explosive stage and updates Outlook and Under-The Radar Crypto for Dogwifhat.

June 5, 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

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
Most Popular

Binance Launches Toncoin (TON) for Easy Acquisition of Locked Products

September 4, 2024

Next-generation gamification launchpad LaunchPunks launches with Ghosty Cash

November 19, 2024

Ethereum Navigating the Market Amid Increasing Competition

February 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.