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»Strong support hints at interesting upside potential
EXCHANGE NEWS

Strong support hints at interesting upside potential

By Crypto FlexsJune 3, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Strong support hints at interesting upside potential
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price extended its decline and tested the $3,700 support. ETH is currently consolidating and targeting a fresh increase above $3,840.

  • Ethereum extended its downtrend and tested the $3,700 area.
  • The price is trading near $3,800 and the 100-hour simple moving average.
  • The hourly chart of ETH/USD (data feed via Kraken) shows a major bullish trend line forming with support near $3,760.
  • Unless the pair closes below the $3,700 support, it could start a new increase.

Ethereum price maintains support

Ethereum price struggled to start a new rally and, like Bitcoin, fell below the $3,750 support zone. ETH also traded below the $3,720 support zone. However, the bulls remained active near the $3,700 support zone.

The lowest point was made at $3,702, and the price has recently begun to show signs of recovery. There was a move above the $3,750 level. The price broke above the 23.6% Fib retracement level moving down from the $3,957 swing high to the $3,702 low.

Ethereum price is currently trading near $3,800 and the 100-hour simple moving average. Additionally, on the hourly chart of ETH/USD, there is a major bullish trend line forming with support near $3,760.

If there is a fresh increase, ETH may face resistance near the $3,830 level. The first major resistance is near the $3,880 level or the 76.4% Fib retracement level for a downside move from the $3,957 swing high to the $3,702 low.

An upside reversal above the $3,880 resistance could push the price higher. The next major resistance level is $3,950, above which the price may gain traction towards the $4,000 level.

Source: ETHUSD on TradingView.com

If bulls push Ethereum above the $4,000 level, the price could move higher and test the $4,080 resistance. Further gains could lead Ether towards the $4,220 resistance zone.

Another decline in ETH?

If Ethereum fails to clear the $3,830 resistance, it could begin another downtrend. Initial support for the downside is near the $3,750 level and trendline.

The next major support level is near $3,720. A clear break below the $3,720 support could push the price towards $3,660. More losses could push the price towards the $3,550 level in the near term.

technical indicators

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

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

Key Support Level – $3,720

Key Resistance Level – $3,880

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

Investors are the main level of support of the eyes.

June 6, 2025

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

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

Render Royale May 2025: The winner was unveiled on a fantastic display.

June 8, 2025

40% mask token conflict in Trump vs. Elon Musk

June 8, 2025

Gemini IPO submissions will bring the Winklevoss Crypto company to Wall Street.

June 8, 2025

CUDIS bets on longevity exercises by betting on wearable, AI and solana tokens.

June 8, 2025

VEXI Village unveils new features and events in June.

June 7, 2025

Solana Whale will not announce $ 17 million in four years. Should I worry?

June 7, 2025

HOLONYM’s Human Network: Convert on boarding on boarding on human -friendly keys

June 7, 2025

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 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

Render Royale May 2025: The winner was unveiled on a fantastic display.

June 8, 2025

40% mask token conflict in Trump vs. Elon Musk

June 8, 2025

Gemini IPO submissions will bring the Winklevoss Crypto company to Wall Street.

June 8, 2025
Most Popular

Nvidia Gains 15% Share in 5 Days — Will AI Crypto Tokens Follow?

April 27, 2024

The Ultimate Guide to Megastake: How to Win Big – The Defi Info

February 20, 2024

CUNNINGHAM MINING LTDS, a Canadian mining company, has announced it is transforming what it calls the “old-fashioned mining and precious metals sector” into a thriving digital asset economy with global reach.

July 30, 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.