\n
On the daily chart, ETH printed a series of solid bullish candles and the price was plotting higher lows above the critical support at $2,110, indicating the beginning of a fresh bullish trend. However, the price is stuck below 50-EMA and shows weakness while encountering supplies around this key level.<\/p>\n\n\n\n
ETH\/USD must break and hold above the $2.6K level to transform the current bullish momentum into a sustainable uptrend. Alternatively, if the price rebounds below the current resistance and pushes the RSI below 50, we might see Ethereum retest the $2,300 - $2,110 zone this week<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Daily Chart Indicates A Range-Bound Movement Below $64K, ETH Bulls Struggle To Break The 50-EMA Resistance Near $2.6K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-daily-chart-indicates-a-range-bound-movement-below-64k-eth-bulls-struggle-to-break-the-50-ema-resistance-near-2-6k","to_ping":"","pinged":"","post_modified":"2024-09-23 20:20:11","post_modified_gmt":"2024-09-23 10:20:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18827","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"};