Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says


Ethereum price climbed back above $3125 on Saturday

Ethereum price climbed back above $3125 on Saturday

Last week’s bullish formation of Ethereum reached its maximum on Saturday at the $3144 level.

Ethereum chart analysis

Last week’s bullish formation of Ethereum reached its maximum on Saturday at the $3144 level. After which we saw a pullback to the $3060 support level on Sunday. The price starts a new bullish consolidation from there, returning above the $3100 level. Today’s high was formed at $3138, and we are on our way to testing last week’s high.

Today’s support level has been moved to $3070 and we expect to hold above to continue the recovery. Returning to the zone above $3140 would mean that we will soon see the price at the $3150 level. Depending on the bullish momentum, growth could continue to even higher levels. Potential higher targets are the $3175 and $3200 levels. We also have support in the EMA50 moving average, which gives us further optimism for the bullish option.


If we stay above the $3060 level, does Ethereum have the strength for it?

If we see a drop to the $3070 level, the price would drop to the weekly open price. A longer stay in that zone would cause the price to slide below to a new daily low. This gives us confirmation that Ethereum is losing its previous bullish castle and that a price correction will follow.

With a pullback to the $3025 level, we descend to the EMA200 moving average, expecting to pause here for some time. If the support gives way, we will quickly land below to a new lower low. This step will only strengthen the bearish momentum, and we can hope for a deeper pullback. Potential lower targets are $3000 and $3975 levels.


The post Ethereum price climbed back above $3125 on Saturday appeared first on FinanceBrokerage.

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

    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...


    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

    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...

    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:, 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