Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Investing

Ethereum Consolidates for New Targets and Prices Wednesday

by October 16, 2024
October 16, 2024
Ethereum Consolidates for New Targets and Prices Wednesday

Ethereum Consolidates for New Targets and Prices Wednesday

The price of Ethereum yesterday had a strong bullish impulse to a new weekly high at the $2686 level

Ethereum chart analysis

The price of Ethereum yesterday had a strong bullish impulse to a new weekly high at the $2686 level. The price fell with a strong bearish impulse back to the $2540 support level in the next hour. We managed to consolidate at $2565 and get support from the EMA 50 moving average there. After that, Ethereum started a bullish consolidation that was above the $2600 level.

This caused the price to rise to $2,630 this morning, forming a daily high there. We have a new resistance at that level and are starting a mild bearish consolidation up to $2600. The EMA 50 moving average is waiting for us in the zone of $2585, and we could test it if the pullback continues. If that is not enough support, Ethereum will have to break below and form a new daily low.

 

The price stops this morning at the $2630 level, where it loses its bullish momentum

Potential lower targets are $2575 and $2550 levels. The EMA 200 moving average is waiting for us in the $2525 zone as additional support for staying on the bullish side. For a bullish option, Ethereum would have first to break above today’s resistance level. If it succeeds in that intention, the price will form a new daily high and thus confirm that it has the strength to start a recovery.

After that, the chances of starting a bullish consolidation and a jump above $2650 increase. That should be enough momentum to attack the previous high and try to reach the $2700 level. Potential higher targets are $2725 and $2750 levels.

 

The post Ethereum Consolidates for New Targets and Prices Wednesday appeared first on FinanceBrokerage.

0
FacebookTwitterGoogle +Pinterest
previous post
Gold and Silver: Gold in a bullish rally this morning
next post
Italy makes it illegal for couples to have a baby by surrogacy overseas

You may also like

USDCHF and USDJPY: USDJPY is retesting the EMA...

October 21, 2024

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

SOUN Stock is Soaring By 1.64%. Will It...

August 27, 2024

The dollar index has a new opportunity to...

August 26, 2024

Stellar and Bitcoin Cash: Stellar in lateral consolidation

August 13, 2024

Dogecoin and Shiba Inu: Dogecoin in sideways consolidation

October 22, 2024

Gold and Silver: Gold was back above $2,670...

October 2, 2024

Davos 2025: Collaborative Solutions for a Divided World

January 24, 2025

The dollar index managed to stabilize and start...

August 7, 2024

Gold and Silver: Gold at a new all-time...

August 19, 2024

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • State Department to begin mass layoffs of about 1,800 employees in coming days

      July 11, 2025
    • Duffy just got an additional job in Trump’s administration, and he’s not the only one wearing multiple hats

      July 11, 2025
    • Duffy just got an additional job in Trump’s administration — and he’s not the only one wearing multiple hats

      July 10, 2025
    • ‘It will happen quickly’: State Dept poised to act after Supreme Court green-lights agency layoffs

      July 10, 2025
    • Hegseth tears up red tape, orders Pentagon to begin drone surge at Trump’s command

      July 10, 2025
    • SCOOP: Sen Ron Johnson readies subpoenas for FBI, DOJ in Butler shooting probe

      July 10, 2025

    Categories

    • Business (714)
    • Investing (661)
    • Politics (4,862)
    • World News (3,213)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.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 © 2024 WhaleLargeCapital.com | All Rights Reserved