{"id":862,"date":"2024-08-19T12:04:17","date_gmt":"2024-08-19T12:04:17","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/08\/19\/ethereum-price-has-returned-to-the-support-zone-again\/"},"modified":"2024-08-19T12:04:17","modified_gmt":"2024-08-19T12:04:17","slug":"ethereum-price-has-returned-to-the-support-zone-again","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/08\/19\/ethereum-price-has-returned-to-the-support-zone-again\/","title":{"rendered":"Ethereum price has returned to the support zone again"},"content":{"rendered":"<div>\n<div><\/div>\n<h1>Ethereum price has returned to the support zone again<\/h1>\n<p><span>Ethereum\u2019s price climbed to $2686 on Sunday, forming a new weekend low<\/span><\/p>\n<h2>Ethereum chart analysis<\/h2>\n<p><span>Ethereum\u2019s price climbed to $2686 on Sunday, forming a new weekend low. After that, there was a loss of momentum to continue on the bullish side, and the price began to retreat. Soon, we fell below the EMA 200 moving average and $2640 level to a new low at $2610. On Monday, the price tried to break away and start a recovery.<\/span><\/p>\n<p><span>It was all short-lived because, this time, we encountered resistance at $2640. The moving average presses us again and directs us to the <a href=\"https:\/\/www.financebrokerage.com\/bitcoin-fails-to-stabilize-which-triggers-another-pullback\/\">bearish<\/a> side. This caused Ethereum to start a new pullback and slip below the weekend low to a new one at $2569. With this move, we dropped into Friday\u2019s support zone. It will be interesting to see how the price behaves now in this support zone.<\/span><\/p>\n<\/p>\n<p>\u00a0<\/p>\n<h2>The price is weak after falling below the EMA 200 moving average, reinforcing the bearish picture<\/h2>\n<p><span>If Ethereum cannot hold, it will continue today\u2019s bearish consolidation. This brings us down to a new weekly low and only strengthens the current bearish momentum. Potential lower targets are $2560 and $2540 levels. Last week\u2019s low price was at the $2511 level.<\/span><\/p>\n<p><span>For a bullish option, we expect Ethereum to stabilize and initiate a bullish consolidation. With the return above $2600, the chances of us starting a further recovery on the bullish side are increasing. A price jump above $2640 moves it above the EMA 200 moving average. We thereby strengthen the bullish momentum and hope for further growth on the bullish side. Potential higher targets are $2660 and $2680, the weekend high. Last week\u2019s high price was at the $2780 level.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/www.financebrokerage.com\/ethereum-price-has-returned-to-the-support-zone-again\/\">Ethereum price has returned to the support zone again<\/a> appeared first on <a href=\"https:\/\/www.financebrokerage.com\/\">FinanceBrokerage<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price has returned to the support zone again Ethereum\u2019s price climbed to $2686 on Sunday, forming a new weekend low Ethereum chart analysis Ethereum\u2019s price climbed to $2686 on Sunday, forming a new weekend low. After that, there was a loss of momentum to continue on the bullish side, and the price began to [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-862","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\/862","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=862"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/863"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}