Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
High grades incl. 10m @ 43.8g/t Au in...
Right to Earn Majority Interest in Highly Prospective...
Procter & Gamble to cut 7,000 jobs as...
Trump says national security concerns in Nippon-U.S. Steel...
Top 5 Canadian Mining Stocks This Week: St....
Procter & Gamble to cut 7,000 jobs as...
Lithium Africa
Kalgoorlie Gold Mining
Juggernaut Exploration
Skyharbour Resources
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Economy

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

by admin September 25, 2024
September 25, 2024
Ethereum, after a month, again above the $2700 level

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.

previous post
Dogecoin and Shiba Inu: September Targets & Prices
next post
10 Largest Producers of Gold by Country (Updated 2024)

You may also like

Bitcoin Price Dip Below $80K Amid Trade Tariff...

April 10, 2025

Stock Futures Lower after S&P 500 futures ticked...

January 18, 2025

Oil and natural gas: Oil is back on...

August 1, 2024

Could Bitcoin Reach $200000? Market & Expert Insights

February 23, 2025

Bitcoin and Ethereum Analysis: Price Movement & Key...

November 6, 2024

LMDX Stock’s Collapse Worries Investors. What’s Happening?

August 23, 2024

USDCAD and USDCNH: The USDCAD is taking a...

September 6, 2024

AUDUSD and AUDNZD: AUDUSD grabs a new high...

October 1, 2024

The dollar index could continue to pull back...

October 1, 2024

Oil and Natural Gas Analysis: High Volatility &...

November 9, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • High grades incl. 10m @ 43.8g/t Au in Sandstone drilling

      June 16, 2025
    • Right to Earn Majority Interest in Highly Prospective Chilean Copper-Gold-Molybdenite Porphyry Project and Placement to raise $2.2m

      June 16, 2025
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 16, 2025
    • Trump says national security concerns in Nippon-U.S. Steel deal can be resolved

      June 16, 2025
    • Top 5 Canadian Mining Stocks This Week: St. Augustine Rises 67 Percent on Private Placement

      June 15, 2025
    Promotion Image

    banner ads

    Categories

    • Business (723)
    • Economy (829)
    • Investing (2,204)
    • Politics (737)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.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 © 2025 smarttradeinsights.com | All Rights Reserved