Sunday, August 24, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Ethereum Price Falls 5%: Correction or Start of a Bigger Slide?

22 December 2024
in Analysis
Reading Time: 2 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on Twitter


Ethereum value began a pointy decline beneath the $3,880 zone. ETH is down over 5% and is exhibiting bearish indicators beneath the $3,680 degree.

Ethereum began a recent decline beneath the $3,800 zone.
The worth is buying and selling beneath $3,680 and the 100-hourly Easy Shifting Common.
There’s a new connecting bearish development line forming with resistance at $3,800 on the hourly chart of ETH/USD (information feed by way of Kraken).
The pair might proceed to maneuver down if it fails to remain above the $3,550 assist zone.

Ethereum Value Dives Under $3,800

Ethereum value struggled to remain above the $3,880 degree and began a recent decline like Bitcoin. ETH gained bearish momentum beneath the $3,800 degree and dived beneath $3,680.

It even dived beneath $3,600 and spiked beneath the $3,550 degree. A low was shaped at $3,543 and the value is now consolidating losses. There may be additionally a brand new connecting bearish development line forming with resistance at $3,800 on the hourly chart of ETH/USD.

Ethereum value is now buying and selling beneath $3,620 and the 100-hourly Easy Shifting Common. On the upside, the value appears to be going through hurdles close to the $3,670 degree. It’s near the 23.6% Fib retracement degree of the downward transfer from the $4,105 swing excessive to the $3,537 low.

The primary main resistance is close to the $3,800 degree or the 50% Fib retracement degree of the downward transfer from the $4,107 swing excessive to the $3,837 low.

The principle resistance is now forming close to $3,880. A transparent transfer above the $3,880 resistance would possibly ship the value towards the $4,000 resistance. An upside break above the $4,000 resistance would possibly name for extra positive aspects within the coming periods. Within the acknowledged case, Ether might rise towards the $4,150 resistance zone and even $4,220.

Extra Losses In ETH?

If Ethereum fails to clear the $3,680 resistance, it might proceed to maneuver down. Preliminary assist on the draw back is close to the $3,550 degree. The primary main assist sits close to the $3,500 zone.

A transparent transfer beneath the $3,500 assist would possibly push the value towards the $3,450 assist. Any extra losses would possibly ship the value towards the $3,350 assist degree within the close to time period. The following key assist sits at $3,220.

Technical Indicators

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

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

Main Help Stage – $3,550

Main Resistance Stage – $3,680



Source link

Tags: BiggerCorrectionEthereumfallsPriceSlideStart
Previous Post

El Salvador to Scale Back Bitcoin Efforts Under $1.4 Billion IMF Deal – Decrypt

Next Post

What Is Trust Wallet? A Comprehensive Guide to Its Features and Safety

Related Posts

Analyst Predicts What Will Happen When XRP Price Hits $4, $10, $100, And $1,000
Analysis

Analyst Predicts What Will Happen When XRP Price Hits $4, $10, $100, And $1,000

23 August 2025
Powell puts September rate cut on the table as Bitcoin rises 2% and Fed odds swing to 90% – CoinJournal
Analysis

Powell puts September rate cut on the table as Bitcoin rises 2% and Fed odds swing to 90% – CoinJournal

22 August 2025
Analyst Says XRP Is Going To At Least $5 This Year, Here’s When To Buy
Analysis

Analyst Says XRP Is Going To At Least $5 This Year, Here’s When To Buy

23 August 2025
TON gains momentum with $780 million treasury and Ledger staking integration – CoinJournal
Analysis

TON gains momentum with $780 million treasury and Ledger staking integration – CoinJournal

23 August 2025
Ether could face volatility as markets eye Powell at Jackson Hole
Analysis

Ether could face volatility as markets eye Powell at Jackson Hole

23 August 2025
Hedera price prediction: HBAR eyes $0.25 amid SWIFT blockchain trials
Analysis

Hedera price prediction: HBAR eyes $0.25 amid SWIFT blockchain trials

24 August 2025
Next Post
What Is Trust Wallet? A Comprehensive Guide to Its Features and Safety

What Is Trust Wallet? A Comprehensive Guide to Its Features and Safety

7.8M Ethereum Leaves Binance In Two Months—What Does This Mean for ETH?

7.8M Ethereum Leaves Binance In Two Months—What Does This Mean for ETH?

Leave a Reply Cancel reply

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

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto – Decrypt

A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto – Decrypt

10 August 2025
Ethereum Reclaims $4,600 With Unprecedented $1 Billion In Spot ETF Inflow

Ethereum Reclaims $4,600 With Unprecedented $1 Billion In Spot ETF Inflow

13 August 2025
XRP Price Blasts Higher by 10%, Bulls Eye Even Bigger Gains

XRP Price Blasts Higher by 10%, Bulls Eye Even Bigger Gains

8 August 2025
PEPE Gears Up For 120% Move As Indicators Point To An End Of Decline | Bitcoinist.com

PEPE Gears Up For 120% Move As Indicators Point To An End Of Decline | Bitcoinist.com

8 August 2025
As September looms, is Ethereum due a seasonable pullback?

As September looms, is Ethereum due a seasonable pullback?

24 August 2025
PEPE Price Prediction: Bearish Consolidation Targets $0.0000142 by Early September

PEPE Price Prediction: Bearish Consolidation Targets $0.0000142 by Early September

24 August 2025
AUSTRAC Orders Binance Australia to Appoint Auditor Over AML Failings – Regulation Bitcoin News

AUSTRAC Orders Binance Australia to Appoint Auditor Over AML Failings – Regulation Bitcoin News

24 August 2025
What Is a Crypto Sniper? Inside the High-Speed Traders Dominating Meme Coin Launches – Learning – Insights Bitcoin News

What Is a Crypto Sniper? Inside the High-Speed Traders Dominating Meme Coin Launches – Learning – Insights Bitcoin News

24 August 2025
Analyst Says Dogecoin Price Is Entering Expansion Phase – Here’s What It Means

Analyst Says Dogecoin Price Is Entering Expansion Phase – Here’s What It Means

24 August 2025
Ethereum’s Tech Edge Could Outshine Bitcoin — Here’s How | Bitcoinist.com

Ethereum’s Tech Edge Could Outshine Bitcoin — Here’s How | Bitcoinist.com

23 August 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

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

SITEMAP

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

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

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

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily 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
  • bitcoinBitcoin(BTC)$114,520.00-0.29%
  • ethereumEthereum(ETH)$4,805.151.07%
  • rippleXRP(XRP)$3.030.32%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$869.02-2.21%
  • solanaSolana(SOL)$207.032.09%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$4,793.581.08%
  • dogecoinDogecoin(DOGE)$0.231868-1.99%
  • tronTRON(TRX)$0.3653700.50%