• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Ethereum, after a month, again above the $2700 level
Economy

Ethereum, after a month, again above the $2700 level

by September 24, 2024
by September 24, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Ethereum, after a month, again above the $2700 level

Over the weekend, the price of Ethereum climbed above the $2600 level

Ethereum chart analysis

Over the weekend, the price of Ethereum climbed above the $2600 level. On Monday, we saw new momentum and growth to a new high at the $2703 level. A slight loss of momentum in that zone led to a pullback and support at $2610. There, we met the EMA 50 moving average, which was good support for us and prevented us from continuing on the bearish side.

After that, Ethereum started a new bullish consolidation and is now at the $2660 level. A return above the daily open price to the positive side will ease the way for us to continue on the bullish side. We expect the price to start a further recovery and retest yesterday’s high. Potential higher targets are the $2720 and $2740 levels.

 

New price support this morning at the $2610 level keeps us on the bullish side

For a bearish option, we need a negative consolidation, a drop in Ethereum price below $2600, and below the EMA 50 moving average. Such a picture would show that the bearish pressure is strengthening and that we could see down to the weekly open price and the $2580 level. The inability of the price to hold there will only increase the pressure on the price to continue on the bearish side. After that, we will see the formation of a new weekly low, thereby confirming the bearish option’s dominance. Potential lower targets are $2540 and $2520 levels.

U.S. spot ETFs for Ethereum posted net outflows of $79.21 million on Monday, marking their largest daily capital outflow since July 29. Grayscale Ethereum Trust (ETHE) saw $80.55 million leave the fund on Monday, its largest capital outflow since July 31, according to data from Sosovalue.

 

The post Ethereum, after a month, again above the $2700 level appeared first on FinanceBrokerage.

You Might Also Like
  • Russia, North Korea commit to defending each other ‘without delay’ if invaded, provoking South Korean outrage
  • Minyon Moore, former Black Lives Matter board member, announced as DNC convention chair
  • ApeCoin and Akita Inu: Targets and Support Levels Today
  • Cornel West ditches Green Party; now running for president as an independent
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Dogecoin and Shiba Inu: September Targets & Prices
next post
Bitcoin is increasingly stable above support at $62500

You may also like

Mel King, Boston civil rights figurehead and former mayoral candidate,...

March 30, 2023

Texas sends migrants to Naval Observatory near VP Harris’ home,...

May 15, 2023

McConnell, GOP tell Biden to give up on his Labor...

June 21, 2023

If At First You Don’t Succeed

June 20, 2023

Biden funding both sides of Israel-Hamas war

November 22, 2023

Trump’s in, Haley’s getting in – How about DeSantis? Pence?...

February 14, 2023

Pentagon files leaker faces serious punishment depending on full impact...

April 15, 2023

Several senior House Republicans still silent on Trump 2024 amid...

January 26, 2024

Biden to officially announce re-election bid next week: reports

April 21, 2023

Michael Cohen, Trump’s former lawyer and witness against him, denied...

June 18, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • The V Reversal is Impressive, but is it Enough?

      May 9, 2025
    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,633 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,321 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,303 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,531)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • The V Reversal is Impressive, but is it Enough?

      May 9, 2025
    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,531)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Trump says biggest threat to America...

    March 18, 2023

    EURUSD and GBPUSD: The Euro returns...

    October 18, 2024

    Nvidia hit a $4 trillion market...

    November 20, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here