\n

The RSI value dropping below 50 (currently at 44.11) indicates a bearish momentum. However, since the price encounters support near $2.3K, we might see ETH pullback near the $2.7K zone again before joining the overall downtrend.<\/p>\n\n\n\n

Ethereum must break above the weekly resistance at $2,815 to establish bullish momentum and transform it into an uptrend. Alternatively, a bearish breakout of the $2,300 level might push the price below $2,110, initiating a long-term bearish trend.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Momentum Remains Neutral Near $62K, ETH Eyes A Further Price Correction Following The 50-EMA Break","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-momentum-remains-neutral-near-62k-eth-eyes-a-further-price-correction-following-the-50-ema-break","to_ping":"","pinged":"","post_modified":"2024-10-07 03:57:17","post_modified_gmt":"2024-10-06 16:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19060","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Ethereum rejected a move above the $2,700 level and eventually broke the dynamic support of the 50 EMA near $2,559 before making a strong bearish move around the current support at $2,300.<\/p>\n\n\n\n

The RSI value dropping below 50 (currently at 44.11) indicates a bearish momentum. However, since the price encounters support near $2.3K, we might see ETH pullback near the $2.7K zone again before joining the overall downtrend.<\/p>\n\n\n\n

Ethereum must break above the weekly resistance at $2,815 to establish bullish momentum and transform it into an uptrend. Alternatively, a bearish breakout of the $2,300 level might push the price below $2,110, initiating a long-term bearish trend.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Momentum Remains Neutral Near $62K, ETH Eyes A Further Price Correction Following The 50-EMA Break","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-momentum-remains-neutral-near-62k-eth-eyes-a-further-price-correction-following-the-50-ema-break","to_ping":"","pinged":"","post_modified":"2024-10-07 03:57:17","post_modified_gmt":"2024-10-06 16:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19060","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\"Ethereum<\/a>
ETH\/USD<\/a> might retest the critical support at $2,110 as the price rejects movements above the $2.7K resistance. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Ethereum rejected a move above the $2,700 level and eventually broke the dynamic support of the 50 EMA near $2,559 before making a strong bearish move around the current support at $2,300.<\/p>\n\n\n\n

The RSI value dropping below 50 (currently at 44.11) indicates a bearish momentum. However, since the price encounters support near $2.3K, we might see ETH pullback near the $2.7K zone again before joining the overall downtrend.<\/p>\n\n\n\n

Ethereum must break above the weekly resistance at $2,815 to establish bullish momentum and transform it into an uptrend. Alternatively, a bearish breakout of the $2,300 level might push the price below $2,110, initiating a long-term bearish trend.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Momentum Remains Neutral Near $62K, ETH Eyes A Further Price Correction Following The 50-EMA Break","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-momentum-remains-neutral-near-62k-eth-eyes-a-further-price-correction-following-the-50-ema-break","to_ping":"","pinged":"","post_modified":"2024-10-07 03:57:17","post_modified_gmt":"2024-10-06 16:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19060","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

<\/a>Ethereum Technical Analysis \u2013 ETH Daily Chart<\/h2>\n\n\n\n
\"Ethereum<\/a>
ETH\/USD<\/a> might retest the critical support at $2,110 as the price rejects movements above the $2.7K resistance. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Ethereum rejected a move above the $2,700 level and eventually broke the dynamic support of the 50 EMA near $2,559 before making a strong bearish move around the current support at $2,300.<\/p>\n\n\n\n

The RSI value dropping below 50 (currently at 44.11) indicates a bearish momentum. However, since the price encounters support near $2.3K, we might see ETH pullback near the $2.7K zone again before joining the overall downtrend.<\/p>\n\n\n\n

Ethereum must break above the weekly resistance at $2,815 to establish bullish momentum and transform it into an uptrend. Alternatively, a bearish breakout of the $2,300 level might push the price below $2,110, initiating a long-term bearish trend.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Momentum Remains Neutral Near $62K, ETH Eyes A Further Price Correction Following The 50-EMA Break","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-momentum-remains-neutral-near-62k-eth-eyes-a-further-price-correction-following-the-50-ema-break","to_ping":"","pinged":"","post_modified":"2024-10-07 03:57:17","post_modified_gmt":"2024-10-06 16:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19060","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
  • ETH\/USD must survive the $2,300-$2,110 support zone to avoid a potential crash below the $2K zone.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH Daily Chart<\/h2>\n\n\n\n
    \"Ethereum<\/a>
    ETH\/USD<\/a> might retest the critical support at $2,110 as the price rejects movements above the $2.7K resistance. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    Ethereum rejected a move above the $2,700 level and eventually broke the dynamic support of the 50 EMA near $2,559 before making a strong bearish move around the current support at $2,300.<\/p>\n\n\n\n

    The RSI value dropping below 50 (currently at 44.11) indicates a bearish momentum. However, since the price encounters support near $2.3K, we might see ETH pullback near the $2.7K zone again before joining the overall downtrend.<\/p>\n\n\n\n

    Ethereum must break above the weekly resistance at $2,815 to establish bullish momentum and transform it into an uptrend. Alternatively, a bearish breakout of the $2,300 level might push the price below $2,110, initiating a long-term bearish trend.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Momentum Remains Neutral Near $62K, ETH Eyes A Further Price Correction Following The 50-EMA Break","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-momentum-remains-neutral-near-62k-eth-eyes-a-further-price-correction-following-the-50-ema-break","to_ping":"","pinged":"","post_modified":"2024-10-07 03:57:17","post_modified_gmt":"2024-10-06 16:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19060","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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    \n
  • Since the overall trend is still bearish, ETH might pull back near $2.7K before initiating another fresh bearish move.<\/li>\n\n\n\n
  • ETH\/USD must survive the $2,300-$2,110 support zone to avoid a potential crash below the $2K zone.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH Daily Chart<\/h2>\n\n\n\n
    \"Ethereum<\/a>
    ETH\/USD<\/a> might retest the critical support at $2,110 as the price rejects movements above the $2.7K resistance. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    Ethereum rejected a move above the $2,700 level and eventually broke the dynamic support of the 50 EMA near $2,559 before making a strong bearish move around the current support at $2,300.<\/p>\n\n\n\n

    The RSI value dropping below 50 (currently at 44.11) indicates a bearish momentum. However, since the price encounters support near $2.3K, we might see ETH pullback near the $2.7K zone again before joining the overall downtrend.<\/p>\n\n\n\n

    Ethereum must break above the weekly resistance at $2,815 to establish bullish momentum and transform it into an uptrend. Alternatively, a bearish breakout of the $2,300 level might push the price below $2,110, initiating a long-term bearish trend.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Momentum Remains Neutral Near $62K, ETH Eyes A Further Price Correction Following The 50-EMA Break","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-momentum-remains-neutral-near-62k-eth-eyes-a-further-price-correction-following-the-50-ema-break","to_ping":"","pinged":"","post_modified":"2024-10-07 03:57:17","post_modified_gmt":"2024-10-06 16:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19060","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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    \n
  • Ethereum tested the support at $2.3K last week following a solid bearish breakout of the 50-EMA.<\/li>\n\n\n\n
  • Since the overall trend is still bearish, ETH might pull back near $2.7K before initiating another fresh bearish move.<\/li>\n\n\n\n
  • ETH\/USD must survive the $2,300-$2,110 support zone to avoid a potential crash below the $2K zone.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH Daily Chart<\/h2>\n\n\n\n
    \"Ethereum<\/a>
    ETH\/USD<\/a> might retest the critical support at $2,110 as the price rejects movements above the $2.7K resistance. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    Ethereum rejected a move above the $2,700 level and eventually broke the dynamic support of the 50 EMA near $2,559 before making a strong bearish move around the current support at $2,300.<\/p>\n\n\n\n

    The RSI value dropping below 50 (currently at 44.11) indicates a bearish momentum. However, since the price encounters support near $2.3K, we might see ETH pullback near the $2.7K zone again before joining the overall downtrend.<\/p>\n\n\n\n

    Ethereum must break above the weekly resistance at $2,815 to establish bullish momentum and transform it into an uptrend. Alternatively, a bearish breakout of the $2,300 level might push the price below $2,110, initiating a long-term bearish trend.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Momentum Remains Neutral Near $62K, ETH Eyes A Further Price Correction Following The 50-EMA Break","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-momentum-remains-neutral-near-62k-eth-eyes-a-further-price-correction-following-the-50-ema-break","to_ping":"","pinged":"","post_modified":"2024-10-07 03:57:17","post_modified_gmt":"2024-10-06 16:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19060","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

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    \n