NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead

Ethereum Price Technical Analysis – ETH/USD Struggle Continues

Aayush Jindal
Aayush Jindal
Last Updated: June 11, 2024 1:19 pm
2 mins read
Ethereum Price Technical Analysis ETH USD

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Key Highlights

  • ETH price continues to face selling pressure below the $425 pivot level against the US Dollar.
  • There are two key bearish trend lines forming with resistance around $420 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The pair is currently under pressure and it is following a bearish path below $428.

Ethereum price faced a lot of selling pressure against the US Dollar and Bitcoin. ETH/USD is now below $410 and eyeing more declines.

Ethereum Price Resistance

It seems like there is no stopping sellers as ETH price declined below the $420 and $410 levels against the US Dollar. The price failed to correct substantially and faced heavy offers near $425. Moreover, the 38.2% Fib retracement level of the last drop from the $461 high to $410 also acted as a hurdle. A fresh downside wave was initiated and the price moved below the $410 support. A new low was formed at $397.30 and is currently correcting higher.

It moved above the 23.6% Fib retracement level of the last decline from the $460.54 high to $397.30 low. However, it once again faced sellers and struggled to break the $425 zone. There are also two key bearish trend lines forming with resistance around $420 on the hourly chart of ETH/USD. These trend lines are near the 38.2% Fib retracement level of the last decline from the $460.54 high to $397.30 low. Therefore, it won’t be easy for buyers to break the $420-425 resistance zone.

Ethereum Price Technical Analysis ETH USD

In short, it seems like the price is still in a downtrend below $425. It might retest the last swing low of $397 in the short term. Below $397, the price could accelerate decline towards the $380 support zone in the near term.

Hourly MACD – The MACD has slightly reduced its bearish slope.

Hourly RSI – The RSI is still below the 50 level and is struggling to move higher.

Major Support Level – $397

Major Resistance Level – $425

 

Charts courtesy – SimpleFX

Tweet123Share196ShareSend
Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

Read more

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Continua a Scendere, Ma Alcuni Analisti Vedono Segnali Positivi

Negli ultimi giorni Bitcoin sta vivendo un momento molto difficile. Dopo essere sceso bruscamente sotto i 100.000 dollari, il prezzo...

Orfeo Barone 5 hours ago

Το DOGE κρατά γερά με συζητήσεις για νέο ATH – Αλλά η πραγματική ευκαιρία βρίσκεται σε αυτόν τον νέο meme-coin διεκδικητή

Το Dogecoin (DOGE) διατηρείται σταθερά πάνω από ένα κρίσιμο επίπεδο στήριξης που έχει δοκιμάσει πολλές φορές, γεγονός που οδηγεί ολοένα...

Ιωάννης Ριζόπουλος 5 hours ago
XRP

With 42% Of XRP Holders Underwater, Analysts Say The Altcoin Could Crash Even Further

According to on-chain data and market reports, XRP is under fresh selling pressure because a large share of holders are...

Christian Encila 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Solana

Forget XRP, DFDV Exec Predicts Solana Price Is Headed For $10,000

Scott Matherson 40 minutes ago
hyperliquid hype hypeusd

HYPE Defies Market Carnage: Hyperliquid Price Rebounds After $96M Liquidation Shock

James Halver 1 hour ago
Το XRP εκτοξεύτηκε XRP price

Model Shows How XRP Could Hit $24 After ETFs Go Live

Sandra White 4 hours ago

Premium Sponsors

Press Releases

  • Top altcoins de urmărit în noiembrie 2025: Bitcoin Hyper, Maxi Doge, Pepenode și Snorter, în fruntea noului val blockchain

    Top altcoins de urmărit în noiembrie 2025: Bitcoin Hyper...

    3 hours ago
  • Top altcoiny, které sledovat v listopadu 2025 Bitcoin Hyper, Maxi Doge, Pepenode a Snorter, vedoucí novou blockchainovou vlnu

    Top altcoiny, které sledovat v listopadu 2025: Bitcoin...

    5 hours ago
  • Топ алткойни, които да следите през ноември 2025 г.: Bitcoin Hyper, Maxi Doge, Pepenode и Snorter, водещи новата блокчейн вълна

    Топ алткойни, които да следите...

    8 hours ago
  • リップル 今後:ETF期待が急速にしぼむ中、XRPは売り圧力で下落継続──2.22ドル割れなら何が起きるのか

    リップル...

    9 hours ago
  • ドージコイン 今後:0.10ドル下落の懸念と、新興ミーム系プロジェクトへ資金が移動する理由

    ドージコイン...

    9 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.