Ethereum Price Movement
Ethereum price started a fresh increase from the $2,120 zone, now up over 8% and possibly facing resistance near the $2,460 zone.
- Ethereum began an upward move above the $2,200 level.
- The price trades above $2,250 and the 100-hourly Simple Moving Average.
- A break occurred above a bearish trend line with resistance at $2,240 on the hourly ETH/USD chart (data feed via Kraken).
- A fresh increase might begin if it settles above the $2,460 resistance.
Ethereum Price Regains Traction
Ethereum started its upward movement from the $2,120 support level, clearing the $2,200 and $2,250 resistance levels, entering a positive zone. The price also broke a key bearish trend line at $2,240 on the ETH/USD hourly chart, and surpassed the 61.8% Fib retracement level from the earlier downward move.
Currently, Ethereum trades above $2,300, facing potential resistance at $2,440 and the significant $2,460 level, which is close to the 76.4% Fib retracement from the $2,568 swing high to the $2,114 low.
The first major resistance sits at $2,500. A clear move above this level could propel the price toward $2,550, and possibly further gains towards the $2,620 or $2,650 resistance zones.
Possible Decline in ETH?
Failure to clear the $2,460 resistance could trigger a decline. Initial support is at $2,340, with a major support level around $2,320. Falling below $2,320 may push the price toward $2,250 and possibly $2,150. The next key support lies at $2,120.
Technical Indicators
- Hourly MACD: Losing momentum in the bullish zone.
- Hourly RSI: Currently above the 50 zone.
Major Support Level
- $2,320
Major Resistance Level
- $2,460
Comments (11)
samadadeboye7@gmail.com
21:26 - 24/06/2025
Eth aiming for 2800 Stay ready
samadadeboye7@gmail.com
21:26 - 24/06/2025
Eth aiming for 2800 Stay ready
samadadeboye7@gmail.com
21:26 - 24/06/2025
Eth aiming for 2800 Stay ready
samadadeboye7@gmail.com
21:26 - 24/06/2025
Eth aiming for 2800 Stay ready
Odo Christopher
19:53 - 24/06/2025
Good