Monday, June 9, 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

Is a Double Bottom Pattern Emerging?

June 18, 2024
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on TwitterShare on E Mail


Ethereum worth declined once more and retested the $3,365 assist zone. ETH might begin a recent enhance towards $3,700 if it stays above $3,365.

Ethereum continues to be holding the important thing $3,365 assist zone.
The worth is buying and selling under $3,550 and the 100-hourly Easy Shifting Common.
There’s a connecting bearish development line forming with resistance close to $3,500 on the hourly chart of ETH/USD (knowledge feed through Kraken).
The pair might kind a double-bottom sample and rise towards the $3,700 resistance.

Ethereum Value Retests Key Assist

Ethereum worth failed to achieve tempo for a transfer above the $3,580 and $3,650 resistance ranges. ETH reacted to the draw back like Bitcoin and declined under the $3,500 assist. There was a pointy transfer under $3,420, however the bulls had been once more energetic close to $3,350.

A low was fashioned close to the $3,350 degree and the worth is once more rising. There was a transfer above the $3,380 and $3,400 resistance ranges. The worth was in a position to clear the 23.6% Fib retracement degree of the downward transfer from the $3,649 swing excessive to the $3,350 low.

Ethereum is now buying and selling under $3,550 and the 100-hourly Easy Shifting Common. It looks like the worth might kind a double-bottom sample and rise towards the $3,700 resistance. If there’s a recent enhance, the worth would possibly face resistance close to the $3,460 degree.

The primary main resistance is close to the $3,500 degree or the 50% Fib retracement degree of the downward transfer from the $3,649 swing excessive to the $3,350 low. There may be additionally a connecting bearish development line forming with resistance close to $3,500 on the hourly chart of ETH/USD.

An upside break above the $3,500 resistance would possibly ship the worth greater. The following key resistance sits at $3,580, above which the worth would possibly acquire traction and rise towards the $3,650 degree.

Supply: ETHUSD on TradingView.com

A transparent transfer above the $3,650 degree would possibly ship Ether towards the $3,720 resistance. Any extra features might ship Ether towards the $3,800 resistance zone.

Draw back Break In ETH?

If Ethereum fails to clear the $3,500 resistance, it might proceed to maneuver down. Preliminary assist on the draw back is close to $3,380. The primary main assist is at $3,350.

A transparent transfer under the $3,350 assist would possibly push the worth towards $3,250. Any extra losses would possibly ship the worth towards the $3,120 degree within the close to time period.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is now under the 50 zone.

Main Assist Degree – $3,350

Main Resistance Degree – $3,500



Source link

Tags: BottomdoubleEmergingpattern
Previous Post

Ethereum Analyst Thinks Prices Will Immediately Rally After Spot ETF Approval: Here’s Why

Next Post

Can Polygon Recover From The Recent Crash?

Related Posts

Nasdaq Wants To Add XRP, ADA, SOL, XLM To Crypto Index
Bitcoin

Nasdaq Wants To Add XRP, ADA, SOL, XLM To Crypto Index

June 9, 2025
Bitcoin Core Devs At Center Of Heated Debate
Bitcoin

Bitcoin Core Devs At Center Of Heated Debate

June 9, 2025
Blank Pi Network Wallets Spark Outcry—What’s The Network Hiding?
Bitcoin

Blank Pi Network Wallets Spark Outcry—What’s The Network Hiding?

June 8, 2025
Bitcoin Breaks $106K as This Week’s Crypto Rollercoaster Hits Highs and Lows
Bitcoin

Bitcoin Breaks $106K as This Week’s Crypto Rollercoaster Hits Highs and Lows

June 8, 2025
Trump And Xi Drops Alpha: Why is Crypto CFX Pumping?
Bitcoin

Trump And Xi Drops Alpha: Why is Crypto CFX Pumping?

June 9, 2025
Ethereum Prepares For A Parabolic Move – ETH/BTC Chart Signals Strong Bullish Setup
Bitcoin

Ethereum Prepares For A Parabolic Move – ETH/BTC Chart Signals Strong Bullish Setup

June 8, 2025
Next Post
Can Polygon Recover From The Recent Crash?

Can Polygon Recover From The Recent Crash?

Is Ethereum Poised For A Record Break? Top Analyst Says $5K is Coming Soon

Is Ethereum Poised For A Record Break? Top Analyst Says $5K is Coming Soon

Former SEC Crypto Chief David Hirsch Denies Joining Pump.fun

Former SEC Crypto Chief David Hirsch Denies Joining Pump.fun

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