Sunday, June 8, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Ethereum Price Hints At Potential Correction, Buy The Dip?

October 29, 2023
in Analysis
Reading Time: 2 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on TwitterShare on E Mail


Ethereum worth began a draw back correction from the $1,866 excessive in opposition to the US greenback. ETH should keep above the $1,750 help to begin a contemporary improve.

Ethereum failed to achieve power above $1,850 and corrected decrease.
The worth is buying and selling above $1,750 and the 100-hourly Easy Shifting Common.
There was a break beneath a key bullish pattern line with help close to $1,810 on the hourly chart of ETH/USD (knowledge feed through Kraken).
The pair may lengthen its decline if it fails to remain above the $1,750 help.

Ethereum Worth Indicators Draw back Correction

Ethereum tried a contemporary improve above the $1,820 stage. ETH even cleared the $1,850 resistance, however the upsides had been restricted. The worth traded as excessive as $1,866 and just lately began a draw back correction, like Bitcoin.

There was a transfer beneath the $1,810 and $1,800 ranges. In addition to, there was a break beneath a key bullish pattern line with help close to $1,810 on the hourly chart of ETH/USD. The pair traded near the $1,750 help earlier than the bulls emerged.

A low is fashioned close to $1,763 and the value is now consolidating. It’s buying and selling close to the 23.6% Fib retracement stage of the draw back correction from the $1,866 swing excessive to the $1,763 low.

Ethereum is now buying and selling above $1,750 and the 100-hourly Easy Shifting Common. On the upside, the value is dealing with resistance close to the $1,815 stage. It’s near the 50% Fib retracement stage of the draw back correction from the $1,866 swing excessive to the $1,763 low.

Supply: ETHUSD on TradingView.com

The primary main resistance is close to the $1,850 zone. An in depth above the $1,850 resistance may begin an honest improve. Within the acknowledged case, Ether may surpass $1,865 and take a look at $1,920. The following key resistance is close to $1,950, above which the value may speed up greater. Within the acknowledged case, the value may rise towards the $2,000 stage.

Extra Losses in ETH?

If Ethereum fails to clear the $1,815 resistance, it may begin one other decline. Preliminary help on the draw back is close to the $1,765 stage.

The following key help is $1,750 and the 100-hourly Easy Shifting Common. A draw back break beneath the $1,750 help may ship the value additional decrease. Within the acknowledged case, Ether may drop towards the $1,700 stage.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is shedding momentum within the bullish zone.

Hourly RSI – The RSI for ETH/USD is now beneath the 50 stage.

Main Help Degree – $1,750

Main Resistance Degree – $1,815



Source link

Tags: BuyCorrectionDipEthereumHintspotentialPrice
Previous Post

Invisible Ink: Researchers Probe the Weaknesses of Watermarking AI-Generated Content

Next Post

BNB Price At Make-Or-Break Moment, Key Levels To Watch

Related Posts

XRP Wave Structure Predicts Wild Fluctuations On Its Way To $4 ATH
Analysis

XRP Wave Structure Predicts Wild Fluctuations On Its Way To $4 ATH

June 6, 2025
XRP price forecast as Ripple USD (RLUSD) volume drops
Analysis

XRP price forecast as Ripple USD (RLUSD) volume drops

June 7, 2025
Bitcoin at $104K, but falling MVRV ratio hints at short-term correction
Analysis

Bitcoin at $104K, but falling MVRV ratio hints at short-term correction

June 7, 2025
XRP Price Sends Mixed Signals After 4 Green Daily Closes, Crash Or Rally?
Analysis

XRP Price Sends Mixed Signals After 4 Green Daily Closes, Crash Or Rally?

June 6, 2025
A Buying Opportunity or Warning Sign?
Analysis

A Buying Opportunity or Warning Sign?

June 7, 2025
Can Bulls Defend This Critical Support Level?
Analysis

Can Bulls Defend This Critical Support Level?

June 8, 2025
Next Post
BNB Price At Make-Or-Break Moment, Key Levels To Watch

BNB Price At Make-Or-Break Moment, Key Levels To Watch

What’s Next for Bitcoin (BTC) and Ether (ETH) Prices Ahead of $4.5B Options Expiry

What's Next for Bitcoin (BTC) and Ether (ETH) Prices Ahead of $4.5B Options Expiry

We ran the numbers…BTC has increased 34,126,864X since 2009!

We ran the numbers...BTC has increased 34,126,864X since 2009!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In