{"id":3979,"date":"2024-10-22T12:03:34","date_gmt":"2024-10-22T12:03:34","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/10\/22\/ethereum-strengthens-with-bearish-momentum-to-the-200-ema\/"},"modified":"2024-10-22T12:03:34","modified_gmt":"2024-10-22T12:03:34","slug":"ethereum-strengthens-with-bearish-momentum-to-the-200-ema","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/10\/22\/ethereum-strengthens-with-bearish-momentum-to-the-200-ema\/","title":{"rendered":"Ethereum strengthens with bearish momentum to the 200 EMA"},"content":{"rendered":"<div>\n<h1>Ethereum strengthens with bearish momentum to the 200 EMA<\/h1>\n<p><span>The price of Ethereum formed a new weekly low at the $2613 level on Tuesday, October 22<\/span><\/p>\n<h2>Ethereum chart analysis<\/h2>\n<p><span>The price of Ethereum formed a new weekly low at the $2613 level on Tuesday, October 22. After its formation, we quickly moved back above $2620 and the EMA 200 moving average. A mild bullish consolidation pushed Ethereum to the $2650 level. It\u2019s all weak for now, and we need to get back above the $2665 daily open level. This brings us back to the positive side, and we will try to get support from the EMA 50 moving average.<\/span><\/p>\n<p><span>If Ethereum\u2019s bullish <a href=\"https:\/\/www.financebrokerage.com\/bitcoin-drops-to-a-new-weekly-low-on-tuesday\/\">momentum<\/a> continues, we could see a return above the $2700 level, signaling a significant shift. This could pave the way for a return to the weekly open level, with potential higher targets at the $2720 and $2740 levels, instilling hope in investors.<\/span><\/p>\n<p>\u00a0<\/p>\n<h2>The price is trying to break away from the bearish momentum and start a recovery<\/h2>\n<p><span>Ethereum faces a big challenge as it enters the $2660-$2680 resistance zone. Failure to move to the bullish side will cause bearish momentum to build and trigger a pullback. Next is a return to the EMA 200 moving average and the $2620 level. This time, we need a break below and a drop to the $2600 level.<\/span><\/p>\n<p><span>With that step, we will form a new daily low and confirm the continuation of this week\u2019s bearish trend. Potential lower targets are $2580 and $2560 levels. This week\u2019s drop in Ethereum price is around 3.50%.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/www.financebrokerage.com\/ethereum-strengthens-with-bearish-momentum-to-the-ema\/\">Ethereum strengthens with bearish momentum to the 200 EMA<\/a> appeared first on <a href=\"https:\/\/www.financebrokerage.com\/\">FinanceBrokerage<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum strengthens with bearish momentum to the 200 EMA The price of Ethereum formed a new weekly low at the $2613 level on Tuesday, October 22 Ethereum chart analysis The price of Ethereum formed a new weekly low at the $2613 level on Tuesday, October 22. After its formation, we quickly moved back above $2620 [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":3980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/3979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/comments?post=3979"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/3979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/3980"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=3979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=3979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=3979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}