Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says

Investing

Bullish Monday pushes Ethereum price to the $3600 level

Bullish Monday pushes Ethereum price to the $3600 level

The previous week was very bearish for the price of Ethereum. 

Ethereum chart analysis

The previous week was very bearish for the price of Ethereum. We started with $2,654 and then fell to $3,205. On Thursday, we had the first bullish attempt to recover, but we stopped at $3400 and the EMA200 moving average, after which we returned to the weekly support zone. On Friday, the price more seriously managed to get rid of the bullish pressure, and stabilize above the $3320 level and get the support of the EMA50 moving average.

On Saturday, we continued the bullish consolidation from Friday and are climbing again within reach of the $3400 level and the EMA200. On Sunday morning, we make the first break above these resistance levels. This increases the bullish pressure and pushes the price to the $3450 level. On Monday morning, Ethereum was timid and first retreated to the $3410 level. After new support, it again turned to the bullish side.

Here we are again at $3600 and hopefully continue towards $3700

New bullish impulses push the price of Ethereum more and more, this time to the $3600 level. We are now one step closer to last week’s high at the $3654 level. Moving beyond it only increases the chances of seeing further growth and visiting higher levels. Potential higher targets are $3680 and $3700 levels.

If there is a halt in the growth of the price of Ethereum, there will be a retreat and a search for a new level of support. $3500 could be the first important level that could provide us with good support. Below $3450, we fall below the weekly open price and thus step on the bearish side. Potential lower targets are $3400 and $3350 levels.

 

The post Bullish Monday pushes Ethereum price to the $3600 level appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    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.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...

    Latest News

    Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

    Stock

    Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

    Latest News

    President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

    Disclaimer: Oracleofomahasays.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 Oracleofomahasays.com