Ethereum Price Targets a Comeback: Will the Bounce Last?

Oct 11, 2024 04:00 am Cryptocurrency 12

Ethereum price extended losses and tested the $2,320 support. ETH is now correcting losses and might aim for a fresh increase above the $2,420 resistance.

Ethereum remained in a bearish zone and traded below the $2,360 zone.

The price is trading below $2,420 and the 100-hourly Simple Moving Average.

There is a connecting bearish trend line forming with resistance at $2,420 on the hourly chart of ETH/USD (data feed via Kraken).

The pair must stay above the $2,350 support level to start decent increase in the near term.

Ethereum Price Aims Upside Break

Ethereum price failed to start a fresh increase above the $2,450 resistance zone. ETH remained in a bearish zone like Bitcoin and traded below the $2,365 support zone.

There was also a move below the $2,350 level. The price tested the $2,320 support zone. A low was formed ..

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