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»Is Ethereum price cutting gains and declines still attractive in the near term?
EXCHANGE NEWS

Is Ethereum price cutting gains and declines still attractive in the near term?

By Crypto FlexsApril 10, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Is Ethereum price cutting gains and declines still attractive in the near term?
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price failed to continue rising above the $3,725 resistance zone. ETH has pared its gains and is now consolidating near the $3,475 support.

  • Ethereum failed to rise above the $3,725 resistance level.
  • The price is trading near $3,500 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 $3,510.
  • If it stays above the $3,420 support zone, it could start a new rally.

Ethereum price rejected

Ethereum price began a significant rise above the $3,550 resistance level. ETH also passed the $3,650 resistance zone, but the downtrend became active near $3,725. A high was made at $3,726 and the price began a new downward trend, like Bitcoin.

It moved below the $3,600 and $3,550 levels. On the hourly chart of ETH/USD, a break has occurred below the main bullish trendline supporting $3,510. The pair surged below the 50% Fib retracement level, rising from the $3,224 swing low to the $3,726 low.

Ethereum is currently trading near $3,500 and the 100-hour simple moving average. Immediate resistance is near the $3,520 level. The first major resistance is near the $3,560 level. The next major resistance level is $3,610, above which the $3,650 level could be tested.

Source: ETHUSD on TradingView.com

The main resistance level is currently near $3,725, above which Ethereum could see some strength. If specified, prices could rise into the $3,800 range. If there is a move above the $3,800 resistance, Ethereum may rise to the $4,000 resistance.

Will there be more losses in ETH?

If Ethereum fails to clear the $3,610 resistance, it may continue to fall. Initial support for the downside is near the $3,475 level.

The first major support is near the $3,420 zone or the 61.8% Fib retracement level of the rise from the $3,224 swing low to the $3,726 low. The next major support could be the $3,340 zone. A clear move below the $3,340 support could lead the price towards $3,240. Any more losses could push the price down to the $3,120 level.

technical indicators

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

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

Key Support Level – $3,420

Key Resistance Level – $3,610

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

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

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

August 13, 2025
Add A Comment

Comments are closed.

Recent Posts

A new era of encryption? A Doj official says that a developer with a good intention is not a goal.

August 22, 2025

ESCAPE Presale Live On Ethereum With $280K Raised, Hacken Audited And SolidProof KYC Verified

August 21, 2025

WhalePlay Beta Launch: Next-Level Social IGaming Platform

August 21, 2025

Hyra Network Wins Prestigious Chairman’s Award 2025 At WITSA Global AI Summit

August 21, 2025

Since the leakage is not over, the price of Stellar (XLM) is faced with a fall.

August 21, 2025

2025-26 discussions about which coins will be ranked first in Memecoin Cycle

August 21, 2025

Buyback And Burn Of $MBG Unveiled As MultiBank Group Posts $209M H1 Revenue

August 20, 2025

Cointel Raises $7.4M In Strategic Round Led By Avalanche And Sugafam Inc.

August 20, 2025

Inspired By Pepe – Ethereum L2 Layer Brett Hits $700K In Presale

August 20, 2025

Resupplyfi Nuclear Analysis -Ackee Blockchain

August 20, 2025

MetaWin Announces $1.3 Million NFT Holder Exclusive Giveaway

August 20, 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

A new era of encryption? A Doj official says that a developer with a good intention is not a goal.

August 22, 2025

ESCAPE Presale Live On Ethereum With $280K Raised, Hacken Audited And SolidProof KYC Verified

August 21, 2025

WhalePlay Beta Launch: Next-Level Social IGaming Platform

August 21, 2025
Most Popular

Top analyst signals Chainlink (LINK) rebound ahead of expected Altseason.

May 7, 2024

Mantle and Republic Technology takes strategic partnerships in the pioneering agency met integration.

May 22, 2025

Analysts say this is the Bitcoin indicator to watch and is higher than ever.

February 28, 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.