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Ethereum Price Could Rally If It’s Able To Reclaims The 100 SMAEthereum price started a recovery wave from the $2,820 zone. ETH is rising and now facing a major hurdle near the 100-hourly simple moving average. Ethereum found support at $2,820 and started a recovery wave. The price is trading below $3,050 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it fails to clear the $3,050 resistance. Ethereum Price Faces Key Hurdle Ethereum price extended losses below the $3,000 level, like Bitcoin. ETH even tested the $2,820 support zone. A low was formed at $2,813 and the price started a recovery wave. There was a decent move above the $2,880 and $2,950 resistance levels. The price cleared the 23.6% Fib retracement level of the downward move from the $3,355 swing high to the $2,813 low. Besides, there was a break above a key bearish trend line with resistance at $3,000 on the hourly chart of ETH/USD. However, the bears are active near the 100-hourly Simple Moving Average. Ethereum is now trading below $3,030 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,030 level. The first major resistance is near the $3,050 level. The next key resistance sits at $3,085 or the 50% Fib retracement level of the downward move from the $3,355 swing high to the $2,813 low, above which the price might gain traction and rise toward the $3,150 level. Source: ETHUSD on TradingView.com If the bulls remain in action and push the price above $3,150, there could be a drift toward the $3,250 resistance. Any more gains could send Ether toward the $3,350 resistance zone. Another Decline In ETH? If Ethereum fails to clear the $3,050 resistance, it could start another decline. Initial support on the downside is near the $2,940 level. The first major support is near the $2,880 zone. The main support is near the $2,820 level. A clear move below the $2,820 support might push the price toward $2,740. Any more losses might send the price toward the $2,650 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $2,940 Major Resistance Level – $3,050 Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk. Source: NewsBTC.com The post Ethereum Price Could Rally If It’s Able To Reclaims The 100 SMA appeared first on Crypto Breaking News.

Ethereum Price Could Rally If It’s Able To Reclaims The 100 SMA

Ethereum price started a recovery wave from the $2,820 zone. ETH is rising and now facing a major hurdle near the 100-hourly simple moving average.

Ethereum found support at $2,820 and started a recovery wave.

The price is trading below $3,050 and the 100-hourly Simple Moving Average.

There was a break above a key bearish trend line with resistance at $3,000 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could start a fresh decline if it fails to clear the $3,050 resistance.

Ethereum Price Faces Key Hurdle

Ethereum price extended losses below the $3,000 level, like Bitcoin. ETH even tested the $2,820 support zone. A low was formed at $2,813 and the price started a recovery wave.

There was a decent move above the $2,880 and $2,950 resistance levels. The price cleared the 23.6% Fib retracement level of the downward move from the $3,355 swing high to the $2,813 low. Besides, there was a break above a key bearish trend line with resistance at $3,000 on the hourly chart of ETH/USD.

However, the bears are active near the 100-hourly Simple Moving Average. Ethereum is now trading below $3,030 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,030 level. The first major resistance is near the $3,050 level.

The next key resistance sits at $3,085 or the 50% Fib retracement level of the downward move from the $3,355 swing high to the $2,813 low, above which the price might gain traction and rise toward the $3,150 level.

Source: ETHUSD on TradingView.com

If the bulls remain in action and push the price above $3,150, there could be a drift toward the $3,250 resistance. Any more gains could send Ether toward the $3,350 resistance zone.

Another Decline In ETH?

If Ethereum fails to clear the $3,050 resistance, it could start another decline. Initial support on the downside is near the $2,940 level. The first major support is near the $2,880 zone.

The main support is near the $2,820 level. A clear move below the $2,820 support might push the price toward $2,740. Any more losses might send the price toward the $2,650 level in the near term.

Technical Indicators

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

Hourly RSI – The RSI for ETH/USD is now above the 50 level.

Major Support Level – $2,940

Major Resistance Level – $3,050

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Source: NewsBTC.com

The post Ethereum Price Could Rally If It’s Able To Reclaims The 100 SMA appeared first on Crypto Breaking News.
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Who will enter here ( above 63k ) kindly manage risk to reward either you will face in shape of liquidation.
So better safe then regret

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🚀 Binance Top Trending Tokens Daily Update: May 06 📈 Catch the latest surge in the crypto market with today's top-performing tokens on Binance! Here’s how they've fared over the past 24 hours: 1. $PEPE: +2.49% - $PEPE continues its steady climb, showing a modest increase. Investors remain optimistic as it consistently ticks upwards. 2. $ENA: +12.62% - $ENA is today's standout, soaring with a robust 12.62% gain. This spike could be tied to recent positive developments or partnerships within the $ENA ecosystem. 3. $LUNC: +8.2% - $LUNC makes a significant jump, increasing by 8.2%. This rise might be a reaction to favorable news or updates related to the Luna Classic community. Analysis: Today's trends highlight dynamic shifts in the market, with $ENA leading the charge with impressive gains. As always, keep an eye on market movements and news that could influence these tokens' trajectories. Stay tuned for more updates, and ensure you’re ready to act on these shifts in the crypto landscape! 🚀 👍 Like | 💬 Comment | 🔔 Subscribe for daily insights Happy trading, and here's to profitable investments! 📊💰 #MbeyaconsciousComunity #eth‬ $PEPE $BTC
🚀 Binance Top Trending Tokens Daily Update: May 06 📈

Catch the latest surge in the crypto market with today's top-performing tokens on Binance! Here’s how they've fared over the past 24 hours:

1. $PEPE : +2.49%
- $PEPE continues its steady climb, showing a modest increase. Investors remain optimistic as it consistently ticks upwards.

2. $ENA: +12.62%
- $ENA is today's standout, soaring with a robust 12.62% gain. This spike could be tied to recent positive developments or partnerships within the $ENA ecosystem.

3. $LUNC: +8.2%
- $LUNC makes a significant jump, increasing by 8.2%. This rise might be a reaction to favorable news or updates related to the Luna Classic community.

Analysis:
Today's trends highlight dynamic shifts in the market, with $ENA leading the charge with impressive gains. As always, keep an eye on market movements and news that could influence these tokens' trajectories.

Stay tuned for more updates, and ensure you’re ready to act on these shifts in the crypto landscape! 🚀

👍 Like | 💬 Comment | 🔔 Subscribe for daily insights

Happy trading, and here's to profitable investments! 📊💰

#MbeyaconsciousComunity #eth‬ $PEPE $BTC
🔴 TRADE - 1000SHIB/ USDT ( Futures ) 👉 Type - Long 👉 Mode - Isolated 👉 Leverage- 10X 📌Buy Zone - 0.02546$ to 0.02498$ 🎯Target 1. 0.02619 2. 0.02694 3. 0.02743 4. 0.02813 5. 0.0292 6. 0.0307 7. 0.03184 8. 0.0329 🛑Stop loss 0.02335$ -( SL Must Use ) $BTC $ETH $SOL #RNDR #altcoins #BlackRock #eth‬ #buythedip
🔴 TRADE - 1000SHIB/ USDT ( Futures )

👉 Type - Long
👉 Mode - Isolated
👉 Leverage- 10X

📌Buy Zone - 0.02546$ to 0.02498$

🎯Target

1. 0.02619
2. 0.02694
3. 0.02743
4. 0.02813
5. 0.0292
6. 0.0307
7. 0.03184
8. 0.0329

🛑Stop loss 0.02335$ -( SL Must Use )

$BTC $ETH $SOL #RNDR #altcoins #BlackRock #eth‬ #buythedip
Citerat innehåll har tagits bort
*BTC Analysis: Letting Go of Ego and Following the Market* Hey traders! 🤔 Sometimes, we need to set our ego aside and adapt to the market's movements. A perfect example is the recent short from 66.1k to 52k, which didn't quite go as planned. BTC closed bullish at 62.5k, and I'm sticking to my analysis - closing shorts and going long up to 66k-68k ranges. 📈 Remember, never take the market for granted, and only play by the levels that make sense. If I had stuck to my ego, we would have missed out on potential profits! 💸 For those who have been following me, you know my track record - high accuracy on BTC and other alts, with just 1 or 2 target prices (TPs) that often hit the tops or bottoms. No unnecessary complexity! 🙅‍♂️ Considering opening a VIP group? Many of you might want to join me for the next bull run! Who's interested? 🤔 *Technical Analysis (TA) Update* BTC is currently at 62.5k, a crucial level. If we look at the 15-minute chart, it's holding beautifully above this level. On the 4-hour and daily charts, we see a bullish closing above 62.5k. 📊 Congrats to those who closed their short profits and switched to long positions following my guide! You're in profit both short and long term if you followed my TA step by step. 🎉 Next levels to watch: 66k-68200 ranges. 62.5k remains the decider between bullish and bearish markets for now. I'll keep providing accurate numbers and closing levels to make my TA simple and easy to follow. No complicated charts or 100s of levels! 🙏 Engage with me! Like and comment with your take on the market. Let's hit that 1k follower mark with accurate scalp analysis! 💪 Thanks! #RNDR #altcoins #BlackRock #MicroStrategy #eth‬
*BTC Analysis: Letting Go of Ego and Following the Market*

Hey traders! 🤔

Sometimes, we need to set our ego aside and adapt to the market's movements. A perfect example is the recent short from 66.1k to 52k, which didn't quite go as planned. BTC closed bullish at 62.5k, and I'm sticking to my analysis - closing shorts and going long up to 66k-68k ranges. 📈

Remember, never take the market for granted, and only play by the levels that make sense. If I had stuck to my ego, we would have missed out on potential profits! 💸

For those who have been following me, you know my track record - high accuracy on BTC and other alts, with just 1 or 2 target prices (TPs) that often hit the tops or bottoms. No unnecessary complexity! 🙅‍♂️

Considering opening a VIP group? Many of you might want to join me for the next bull run! Who's interested? 🤔

*Technical Analysis (TA) Update*

BTC is currently at 62.5k, a crucial level. If we look at the 15-minute chart, it's holding beautifully above this level. On the 4-hour and daily charts, we see a bullish closing above 62.5k. 📊

Congrats to those who closed their short profits and switched to long positions following my guide! You're in profit both short and long term if you followed my TA step by step. 🎉

Next levels to watch: 66k-68200 ranges. 62.5k remains the decider between bullish and bearish markets for now. I'll keep providing accurate numbers and closing levels to make my TA simple and easy to follow. No complicated charts or 100s of levels! 🙏

Engage with me! Like and comment with your take on the market. Let's hit that 1k follower mark with accurate scalp analysis! 💪 Thanks!
#RNDR #altcoins #BlackRock #MicroStrategy #eth‬
What's your analysis on ETH??? I'm heavily bullish on ETH being the second largest market in the crypto space. But, I need opinions on what TA and FA really have on the market right now. #eth‬ #altcoins #
What's your analysis on ETH???

I'm heavily bullish on ETH being the second largest market in the crypto space. But, I need opinions on what TA and FA really have on the market right now.

#eth‬ #altcoins #
#eth‬ should I hold or close...plz comment your aidea $ETH
#eth‬ should I hold or close...plz comment your aidea

$ETH
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