\n

Given that ETH has been trading in this range for the last 13 days, the $3,024 to $3,200 range looks to be very robust, both at the top and lower ends. Since spot ETH ETFs seem improbable with each fresh piece of information, ETH may stay inside the range given the recent decrease.<\/p>\n\n\n\n

But in the near run, ETH's movement will still be determined by changes in Bitcoin's price. Given its recent indication of a rally before the dip, ETH may likely witness larger price gains if Bitcoin maintains its upswing. Since the price of Ethereum seems to have already been factored in, an SEC spot ETH ETF refusal may not necessarily cause the price to rise.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Moves Below $64K Following An Unsuccessful Test of The 50-EMA, ETH Plots A Solid Bullish Breakout To Keep The Price Above $3.3K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-moves-below-64k-following-an-unsuccessful-test-of-the-50-ema-eth-plots-a-solid-bullish-breakout-to-keep-the-price-above-3-3k","to_ping":"","pinged":"","post_modified":"2024-05-02 08:30:22","post_modified_gmt":"2024-05-01 22:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16630","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

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

Thursday appears to be the start of Ethereum's consolidation after a 24-hour decline. The amount of long liquidations started to rise once more, reaching $35.1 million in the previous day.<\/p>\n\n\n\n

Given that ETH has been trading in this range for the last 13 days, the $3,024 to $3,200 range looks to be very robust, both at the top and lower ends. Since spot ETH ETFs seem improbable with each fresh piece of information, ETH may stay inside the range given the recent decrease.<\/p>\n\n\n\n

But in the near run, ETH's movement will still be determined by changes in Bitcoin's price. Given its recent indication of a rally before the dip, ETH may likely witness larger price gains if Bitcoin maintains its upswing. Since the price of Ethereum seems to have already been factored in, an SEC spot ETH ETF refusal may not necessarily cause the price to rise.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Moves Below $64K Following An Unsuccessful Test of The 50-EMA, ETH Plots A Solid Bullish Breakout To Keep The Price Above $3.3K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-moves-below-64k-following-an-unsuccessful-test-of-the-50-ema-eth-plots-a-solid-bullish-breakout-to-keep-the-price-above-3-3k","to_ping":"","pinged":"","post_modified":"2024-05-02 08:30:22","post_modified_gmt":"2024-05-01 22:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16630","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

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n
\"\"
ETH\/USD<\/a> could retest $3.5K if the price sustains above the current resistance at $3,200. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Thursday appears to be the start of Ethereum's consolidation after a 24-hour decline. The amount of long liquidations started to rise once more, reaching $35.1 million in the previous day.<\/p>\n\n\n\n

Given that ETH has been trading in this range for the last 13 days, the $3,024 to $3,200 range looks to be very robust, both at the top and lower ends. Since spot ETH ETFs seem improbable with each fresh piece of information, ETH may stay inside the range given the recent decrease.<\/p>\n\n\n\n

But in the near run, ETH's movement will still be determined by changes in Bitcoin's price. Given its recent indication of a rally before the dip, ETH may likely witness larger price gains if Bitcoin maintains its upswing. Since the price of Ethereum seems to have already been factored in, an SEC spot ETH ETF refusal may not necessarily cause the price to rise.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Moves Below $64K Following An Unsuccessful Test of The 50-EMA, ETH Plots A Solid Bullish Breakout To Keep The Price Above $3.3K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-moves-below-64k-following-an-unsuccessful-test-of-the-50-ema-eth-plots-a-solid-bullish-breakout-to-keep-the-price-above-3-3k","to_ping":"","pinged":"","post_modified":"2024-05-02 08:30:22","post_modified_gmt":"2024-05-01 22:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16630","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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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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\n

<\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
\"\"
ETH\/USD<\/a> could retest $3.5K if the price sustains above the current resistance at $3,200. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

Thursday appears to be the start of Ethereum's consolidation after a 24-hour decline. The amount of long liquidations started to rise once more, reaching $35.1 million in the previous day.<\/p>\n\n\n\n

Given that ETH has been trading in this range for the last 13 days, the $3,024 to $3,200 range looks to be very robust, both at the top and lower ends. Since spot ETH ETFs seem improbable with each fresh piece of information, ETH may stay inside the range given the recent decrease.<\/p>\n\n\n\n

But in the near run, ETH's movement will still be determined by changes in Bitcoin's price. Given its recent indication of a rally before the dip, ETH may likely witness larger price gains if Bitcoin maintains its upswing. Since the price of Ethereum seems to have already been factored in, an SEC spot ETH ETF refusal may not necessarily cause the price to rise.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Moves Below $64K Following An Unsuccessful Test of The 50-EMA, ETH Plots A Solid Bullish Breakout To Keep The Price Above $3.3K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-moves-below-64k-following-an-unsuccessful-test-of-the-50-ema-eth-plots-a-solid-bullish-breakout-to-keep-the-price-above-3-3k","to_ping":"","pinged":"","post_modified":"2024-05-02 08:30:22","post_modified_gmt":"2024-05-01 22:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16630","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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Subscribe To Our Newsletter

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\n
  • A daily candle closing above $3,200 can lead ETH\/USD to test the upcoming resistance at $3,506.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
    \"\"
    ETH\/USD<\/a> could retest $3.5K if the price sustains above the current resistance at $3,200. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    Thursday appears to be the start of Ethereum's consolidation after a 24-hour decline. The amount of long liquidations started to rise once more, reaching $35.1 million in the previous day.<\/p>\n\n\n\n

    Given that ETH has been trading in this range for the last 13 days, the $3,024 to $3,200 range looks to be very robust, both at the top and lower ends. Since spot ETH ETFs seem improbable with each fresh piece of information, ETH may stay inside the range given the recent decrease.<\/p>\n\n\n\n

    But in the near run, ETH's movement will still be determined by changes in Bitcoin's price. Given its recent indication of a rally before the dip, ETH may likely witness larger price gains if Bitcoin maintains its upswing. Since the price of Ethereum seems to have already been factored in, an SEC spot ETH ETF refusal may not necessarily cause the price to rise.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Moves Below $64K Following An Unsuccessful Test of The 50-EMA, ETH Plots A Solid Bullish Breakout To Keep The Price Above $3.3K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-moves-below-64k-following-an-unsuccessful-test-of-the-50-ema-eth-plots-a-solid-bullish-breakout-to-keep-the-price-above-3-3k","to_ping":"","pinged":"","post_modified":"2024-05-02 08:30:22","post_modified_gmt":"2024-05-01 22:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16630","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

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • However., ETH longs could suffer as inside sources tell Reuters that the SEC would most likely deny a spot ETH ETF.<\/li>\n\n\n\n
  • A daily candle closing above $3,200 can lead ETH\/USD to test the upcoming resistance at $3,506.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
    \"\"
    ETH\/USD<\/a> could retest $3.5K if the price sustains above the current resistance at $3,200. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    Thursday appears to be the start of Ethereum's consolidation after a 24-hour decline. The amount of long liquidations started to rise once more, reaching $35.1 million in the previous day.<\/p>\n\n\n\n

    Given that ETH has been trading in this range for the last 13 days, the $3,024 to $3,200 range looks to be very robust, both at the top and lower ends. Since spot ETH ETFs seem improbable with each fresh piece of information, ETH may stay inside the range given the recent decrease.<\/p>\n\n\n\n

    But in the near run, ETH's movement will still be determined by changes in Bitcoin's price. Given its recent indication of a rally before the dip, ETH may likely witness larger price gains if Bitcoin maintains its upswing. Since the price of Ethereum seems to have already been factored in, an SEC spot ETH ETF refusal may not necessarily cause the price to rise.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Moves Below $64K Following An Unsuccessful Test of The 50-EMA, ETH Plots A Solid Bullish Breakout To Keep The Price Above $3.3K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-moves-below-64k-following-an-unsuccessful-test-of-the-50-ema-eth-plots-a-solid-bullish-breakout-to-keep-the-price-above-3-3k","to_ping":"","pinged":"","post_modified":"2024-05-02 08:30:22","post_modified_gmt":"2024-05-01 22:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16630","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

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n
  • Ethereum price initiated a bullish breakout above the 50-EMA after the price transformed the resistance at $3,200 into support.<\/li>\n\n\n\n
  • However., ETH longs could suffer as inside sources tell Reuters that the SEC would most likely deny a spot ETH ETF.<\/li>\n\n\n\n
  • A daily candle closing above $3,200 can lead ETH\/USD to test the upcoming resistance at $3,506.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis \u2013 ETH\/USD Daily Chart<\/h2>\n\n\n\n
    \"\"
    ETH\/USD<\/a> could retest $3.5K if the price sustains above the current resistance at $3,200. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n

    Thursday appears to be the start of Ethereum's consolidation after a 24-hour decline. The amount of long liquidations started to rise once more, reaching $35.1 million in the previous day.<\/p>\n\n\n\n

    Given that ETH has been trading in this range for the last 13 days, the $3,024 to $3,200 range looks to be very robust, both at the top and lower ends. Since spot ETH ETFs seem improbable with each fresh piece of information, ETH may stay inside the range given the recent decrease.<\/p>\n\n\n\n

    But in the near run, ETH's movement will still be determined by changes in Bitcoin's price. Given its recent indication of a rally before the dip, ETH may likely witness larger price gains if Bitcoin maintains its upswing. Since the price of Ethereum seems to have already been factored in, an SEC spot ETH ETF refusal may not necessarily cause the price to rise.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Moves Below $64K Following An Unsuccessful Test of The 50-EMA, ETH Plots A Solid Bullish Breakout To Keep The Price Above $3.3K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-moves-below-64k-following-an-unsuccessful-test-of-the-50-ema-eth-plots-a-solid-bullish-breakout-to-keep-the-price-above-3-3k","to_ping":"","pinged":"","post_modified":"2024-05-02 08:30:22","post_modified_gmt":"2024-05-01 22:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16630","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

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n