[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"news-aggregator-ethereum-price-poised-for-stea730191c553-2ff4-7a59-868f-4d0573d598b0":3},{"id":4,"timestamp":5,"title":6,"content":7,"link":8,"preview":9,"tags":10,"predictedTags":11,"showTags":12,"source":13,"reactions":14,"selfReactions":15,"logo":16,"sourceId":17,"sourceUserId":18,"asset":19,"tagsCategories":20,"totalComments":21,"lang":22,"unique_views_count":23},"ethereum-price-poised-for-stea730191c553-2ff4-7a59-868f-4d0573d598b0","1725591503000","Ethereum Price Poised for Steady Recovery: Can It Build Momentum?","\u003Cp>Ethereum price is attempting a recovery wave above $2,380. ETH must clear the $2,440 resistance to continue higher in the near term.\u003C/p>\u003Cul>\u003Cli>Ethereum is attempting a recovery wave from the $2,350 zone.\u003C/li>\u003Cli>The price is trading below $2,440 and the 100-hourly Simple Moving Average.\u003C/li>\u003Cli>There is a connecting bearish trend line forming with resistance at $2,400 on the hourly chart of ETH/USD (data feed via Kraken).\u003C/li>\u003Cli>The pair must clear the $2,440 resistance to continue higher in the near term.\u003C/li>\u003C/ul>Ethereum Price Faces Resistance\u003Cp>Ethereum price attempted a recovery wave above the $2,440 level. However, ETH failed to clear the $2,500 resistance zone. A high was formed at $2,488 and the price declined again like \u003Ca href=\"https://www.newsbtc.com/analysis/btc/bitcoin-price-struggles-58500/\" target=\"_blank\">Bitcoin\u003C/a>.\u003C/p>\u003Cp>It tested the $2,350 support zone. A low was formed at $2,347 and the price is now attempting a recovery wave. There was a move above the $2,365 and $2,380 resistance levels. The price climbed above the 23.6% Fib retracement level of the downward wave from the $2,488 swing high to the $2,347 low.\u003C/p>\u003Cp>Ethereum price is now trading below $2,440 and the \u003Ca href=\"https://www.newsbtc.com/analysis/eth/ethereum-price-danger-2500/\" target=\"_blank\">100-hourly Simple Moving Average\u003C/a>. On the upside, the price seems to be facing hurdles near the $2,400 level. There is also a connecting bearish trend line forming with resistance at $2,400 on the hourly chart of ETH/USD.\u003C/p>\u003Cp>The first major resistance is near the $2,440 level or the 61.8% Fib retracement level of the downward wave from the $2,488 swing high to the $2,347 low. A close above the $2,440 level might send Ether toward the $2,500 resistance.\u003C/p>\u003Ca href=\"https://www.newsbtc.com/wp-content/uploads/2024/09/Ethereum_c9b1dd.png?resize=1024%2C461\">\u003Cimg src=\"https://www.newsbtc.com/wp-content/uploads/2024/09/Ethereum_c9b1dd.png?resize=1024%2C461\" alt=\"Ethereum Price \" />\u003C/a>\u003Cp>The next key resistance is near $2,550. An upside break above the $2,550 resistance might send the price higher toward the $2,720 resistance zone in the near term.\u003C/p>Another Decline In ETH?\u003Cp>If Ethereum fails to clear the $2,440 resistance, it could start another decline. Initial support on the downside is near $2,365. The first major support sits near the $2,350 zone.\u003C/p>\u003Cp>A clear move below the $2,350 support might push the price toward $2,310. Any more losses might send the price toward the $2,250 support level in the near term. The next key support sits at $2,120.\u003C/p>\u003Cp>Technical Indicators\u003C/p>\u003Cp>Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone.\u003C/p>\u003Cp>Hourly RSI – The RSI for ETH/USD is now above the 50 zone.\u003C/p>\u003Cp>Major Support Level – $2,350\u003C/p>\u003Cp>Major Resistance Level – $2,440\u003C/p>","https://www.newsbtc.com/analysis/eth/ethereum-price-recovery-2500/","https://www.newsbtc.com/wp-content/uploads/2024/09/Ethereum-Recovery.jpg?fit=1792%2C1024","[\"ETH\",\"ethbtc\",\"ethereum\",\"ethusd\",\"ETHUSDT\"]","[\"Ethereum\",\"ETH\",\"ETH\",\"Near\"]","[{\"img\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/coins-lib/full-library/color/ETH.png\",\"name\":\"ETH\"},{\"name\":\"Near\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/blockchains/near.png\"}]","73",[],[],"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/news-feeds/sources/newsbtc.png","NewsBTC",null,"","[\"Crypto\"]","0","EN","3"]