• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Will the Bulls Stage a Comeback?

SB Crypto Guru News by SB Crypto Guru News
June 7, 2024
in Analysis
0 0
0
Will the Bulls Stage a Comeback?


Ethereum price started a downside correction from the $3,885 resistance zone. ETH is now back below $3,800 and might continue to slide toward $3,720.

  • Ethereum started a pullback after it failed to clear the $3,880 resistance.
  • The price is trading below $3,840 and the 100-hourly Simple Moving Average.
  • There was a break below a key bullish trend line with support near $3,830 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start a fresh upward move unless there is a close below the $3,720 support.

Ethereum Price Dips Again

Ethereum price extended its increase above the $3,840 resistance zone. However, ETH struggled to clear the $3,885 level and started a downside correction like Bitcoin.

There was a decline below the $3,840 support level. Besides, there was a break below a key bullish trend line with support near $3,830 on the hourly chart of ETH/USD. The pair declined below the 50% Fib retracement level of the upward wave from the $3,730 swing low to the $3,885 high.

Ethereum is now trading below $3,840 and the 100-hourly Simple Moving Average. However, the bulls are active near the 61.8% Fib retracement level of the upward wave from the $3,730 swing low to the $3,885 high.

If there is another increase, ETH might face resistance near the $3,810 level. The first major resistance is near the $3,840 level. An upside break above the $3,840 resistance might send the price higher. The next key resistance sits at $3,920, above which the price might gain traction and rise toward the $4,000 level.

Ethereum Price
Source: ETHUSD on TradingView.com

If the bulls push Ether above the $4,000 level, the price might rise and test the $4,080 resistance. Any more gains could send Ether toward the $4,200 resistance zone.

More Losses In ETH?

If Ethereum fails to clear the $3,840 resistance, it could continue to move down. Initial support on the downside is near $3,765. The next major support is near the $3,750 zone.

The main support sits at $3,720. A clear move below the $3,720 support might push the price toward $3,650. Any more losses might send the price toward the $3,550 level in the near term.

Technical Indicators

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

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

Major Support Level – $3,765

Major Resistance Level – $3,840



Source link

Tags: Bitcoin NewsBullscomebackCrypto NewsCrypto UpdatesLatest News on CryptoSB Crypto Guru NewsStage
Previous Post

Ripple CTO Sends Crucial Warning To Community – Here’s What It Is

Next Post

XRP Price Dips To Support, Can It Bounce Back And Restart Increase?

Next Post
XRP Price Dips To Support, Can It Bounce Back And Restart Increase?

XRP Price Dips To Support, Can It Bounce Back And Restart Increase?

  • Trending
  • Comments
  • Latest
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
5 Proven XR and AI Training Use Cases for Enterprises

5 Proven XR and AI Training Use Cases for Enterprises

June 2, 2025
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
Capo Of Crypto Predicts Bitcoin Price Crash Below 0,000, Doom Call For Altcoins

Capo Of Crypto Predicts Bitcoin Price Crash Below $100,000, Doom Call For Altcoins

0
Ether eyes ,879 as technical indicators switch bullish

Ether eyes $2,879 as technical indicators switch bullish

0
Solana staking ETF launch ranks in top 1% with  million debut

Solana staking ETF launch ranks in top 1% with $33 million debut

0
HTX Backs Cold Storage and Automation in BitGo Deal to Attract Institutions

HTX Backs Cold Storage and Automation in BitGo Deal to Attract Institutions

0
One Big Beautiful Bill Narrowly Passes Senate

One Big Beautiful Bill Narrowly Passes Senate

0
13 Jobs Without College or AI: Salaries Can Start at k+

13 Jobs Without College or AI: Salaries Can Start at $70k+

0
Capo Of Crypto Predicts Bitcoin Price Crash Below 0,000, Doom Call For Altcoins

Capo Of Crypto Predicts Bitcoin Price Crash Below $100,000, Doom Call For Altcoins

July 3, 2025
Solana staking ETF launch ranks in top 1% with  million debut

Solana staking ETF launch ranks in top 1% with $33 million debut

July 3, 2025
One Big Beautiful Bill Narrowly Passes Senate

One Big Beautiful Bill Narrowly Passes Senate

July 3, 2025
Ether eyes ,879 as technical indicators switch bullish

Ether eyes $2,879 as technical indicators switch bullish

July 3, 2025
US Crypto Exchanges a ‘Blind Spot’ in North Korea Laundering Scheme

US Crypto Exchanges a ‘Blind Spot’ in North Korea Laundering Scheme

July 3, 2025
Altcoin Season Not Coming? Bitcoin Risks Crash To ,200 With Negative Sentiment

Altcoin Season Not Coming? Bitcoin Risks Crash To $98,200 With Negative Sentiment

July 3, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

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

SITE MAP

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

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

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
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.