Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
BTV Highlights: North American Iron, West Red Lake...
Tech 5: US Lifts EDA Restrictions for China,...
CoTec Holdings Corp. Announces Second Closing of Life...
Hempalta Secures 90-Day FCC Forbearance Extension as Company...
BTV Highlights: North American Iron, West Red Lake...
Crypto Market Recap: Crypto Rallies As “Big, Beautiful...
Quimbaya Gold Closes $4 Million Financing and Expands...
Syntheia Signs Definitive Agreement for Call Center Acquisition
Lithium Universe LtdInterview with Executive Chairman
Stallion Uranium to Resume Trading on the TSX-V and...
  • 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 Nears $85K Amid Market Optimism

April 22, 2025

Gold and silver: gold faces a new challenge...

August 8, 2024

Ethereum has been under a lot of pressure...

August 6, 2024

AUDUSD and AUDNZD: AUDUSD in retreat from this...

August 27, 2024

The dollar index is looking for more stable...

August 31, 2024

Trump Media Group Stock (DJT) Surges 25% as...

November 9, 2024

SafeMoon and Litecoin: Litecoin continues to move bullish

September 6, 2024

Goldman Sachs Kostin Warns of a Potential S&P...

March 20, 2025

The dollar index in a strong bearish trend...

August 6, 2024

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

December 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

    • BTV Highlights: North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuels, US Gold, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, & Mayfair Gold

      July 6, 2025
    • Tech 5: US Lifts EDA Restrictions for China, Apple Explores Third Party AI for Siri

      July 6, 2025
    • CoTec Holdings Corp. Announces Second Closing of Life Offering and Concurrent Private Placement

      July 5, 2025
    • Hempalta Secures 90-Day FCC Forbearance Extension as Company Completes Certification of 2024 Carbon Credits

      July 5, 2025
    • BTV Highlights: North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuels, US Gold, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, & Mayfair Gold

      July 5, 2025
    Promotion Image

    banner ads

    Categories

    • Business (756)
    • Economy (829)
    • Investing (2,349)
    • 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