Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
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...
Top 5 Canadian Mining Stocks This Week: Mkango...
Pinnacle Changes OTC Ticker Symbol to PSGCF
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Economy

Ethereum is rising to a new weekly high this morning

by admin October 16, 2024
October 16, 2024
Ethereum is rising to a new weekly high this morning

Ethereum is rising to a new weekly high this morning

  • The price of Ethereum rose to $2652 this morning, a new weekly high

Ethereum chart analysis

The price of Ethereum rose to $2652 this morning, a new weekly high. After that, bullish momentum was lost, and we were forced to start a pullback. We find support at $2,590, and the price has been successfully held back above $2,600. Now, Ethereum is at the $2620 level, and we expect it to move above the daily open level. This would return to the positive side and increase optimism for further progress to the bullish side.

This means we will see a retest of the previous high and hope for a new one to form. Potential higher targets are $2675 and $2700 levels. The price was above $2,700 the previous time on September 28. For a bearish option, Ethereum needs to stop trying to get back above the daily open level.

 

The price is losing momentum after forming a new weekly high this morning

After that, it remains to see the initiation of bearish consolidation and the testing of today’s low. A break below is a sign that the price does not have the strength to remain bullish and to follow a deeper pullback to a new low. In the $2550 zone, we will meet the EMA 50 moving average. Failure to hold above and gain its support will cause Ethereum to continue its bearish trend. Potential lower targets are $2525 and $2550 levels.

Spot Ether ETFs saw a net inflow of $17.07 million on Monday, the largest positive inflow this month. If the October trend continues, we can expect even higher net inflows, which is good for Ethereum’s positioning in the overall crypto basket.

 

The post Ethereum is rising to a new weekly high this morning appeared first on FinanceBrokerage.

previous post
SafeMoon and Litecoin: Levels and Prices for Tuesday
next post
The price of Bitcoin rose to a new weekly high this morning

You may also like

USD/CHF & USD/JPY Analysis: Key Levels and Opportunities

November 3, 2024

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

December 11, 2024

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

March 16, 2025

SoundHound AI Stock Drops: Q2 2024 Nvidia Portfolio...

August 20, 2024

S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped...

December 14, 2024

Tencent Stock: Q3 Profit Surges 47%, Gaming and...

November 14, 2024

SafeMoon and Litecoin: New Daily Targets and Prices

September 27, 2024

Solana Price Analysis and Future Predictions

September 5, 2024

Tesla (TSLA) Stock: Revenue Hits $25.18B, EPS Beats...

October 25, 2024

Bitcoin and Ethereum: continued bearish pressure on Friday

October 25, 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

    • 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
    • Crypto Market Recap: Crypto Rallies As “Big, Beautiful Bill” Passes Congress

      July 5, 2025
    • Quimbaya Gold Closes $4 Million Financing and Expands Executive Team

      July 5, 2025
    Promotion Image

    banner ads

    Categories

    • Business (756)
    • Economy (829)
    • Investing (2,347)
    • 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