Revenue Agenda
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Revenue Agenda
No Result
View All Result
Home Economy

The price of Ethereum bounced back above $3500 on Monday

by
July 1, 2024
in Economy
0
The price of Ethereum bounced back above $3500 on Monday
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

The price of Ethereum bounced back above $3500 on Monday

Last Monday, the price of Ethereum fell to the $3232 support level. 

Ethereum chart analysis

Last Monday, the price of Ethereum fell to the $3232 support level. Soon after, the price started a bullish consolidation, returning above the $3400 level. A new weekly high was formed on Thursday at the $3485 level. There, we meet a new resistance on Friday and retreat to the $3360 level.

The weekend saw Ethereum consolidating between $3,360 and $3,400, with a slight drop to the $3348 level on Sunday. However, the cryptocurrency quickly stabilized and initiated a bullish consolidation, crossing the $3425 level and climbing to $ 3450 by the end of the day. The bullish momentum continued into the new week, reaching a seven-day high at $ 3520.

 

Ethereum surged above EMA200, and we expect further continuation to the bullish side

The price of Ethereum stopped at that level and retreated slightly to the $3490 level. We see a consolidation in that zone and an attempt to maintain there in order to continue on the bullish side. Potential higher targets, which are crucial for your investment decisions, are $3550 and $3575 levels.

For a bearish option, we would need a negative consolidation and a price drop down to the $3430 support level. This would test the weekly open price and the support of the EMA200 moving average. If the support does not hold, a pullback to the bearish side will follow. Such a scenario would necessitate caution and could strengthen bearish momentum, forcing Ethereum to look for support at lower levels. Potential lower targets are $3375 and $3350 levels.

 

The post The price of Ethereum bounced back above $3500 on Monday appeared first on FinanceBrokerage.

Previous Post

USDCHF and USDJPY: USDJPY in consolidation around 161.00

Next Post

Bitcoin price could cross $64000 if it continues to rise

Next Post
Bitcoin price could cross $64000 if it continues to rise

Bitcoin price could cross $64000 if it continues to rise

  • Trending
  • Comments
  • Latest
Top 10 Potash Countries by Production (Updated 2024)

Top 10 Potash Countries by Production (Updated 2024)

August 21, 2024
Top 10 Phosphate Countries by Production (Updated 2024)

Top 10 Phosphate Countries by Production (Updated 2024)

August 1, 2024
Top 10 Uranium-producing Countries (Updated 2024)

Top 10 Uranium-producing Countries (Updated 2024)

November 6, 2024
7 Biggest Lithium-mining Companies in 2024

7 Biggest Lithium-mining Companies in 2024

September 18, 2024
WGC: Surging Gold Prices Drive Record Q2 Investment Demand

WGC: Surging Gold Prices Drive Record Q2 Investment Demand

0
New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

0

Pennsylvania House clears tax credits for new teachers, nurses, police officers

0
Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

0
WGC: Surging Gold Prices Drive Record Q2 Investment Demand

WGC: Surging Gold Prices Drive Record Q2 Investment Demand

August 5, 2025
Sarama Provides Update on Arbitration Proceedings

Sarama Provides Update on Arbitration Proceedings

August 5, 2025
Diggers and Dealers 2025 Presentation

Diggers and Dealers 2025 Presentation

August 5, 2025
Fortune Bay Announces Option Agreement for the Woods Uranium Projects

Fortune Bay Announces Option Agreement for the Woods Uranium Projects

August 5, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

Error: Contact form not found.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent News

WGC: Surging Gold Prices Drive Record Q2 Investment Demand

WGC: Surging Gold Prices Drive Record Q2 Investment Demand

August 5, 2025
Sarama Provides Update on Arbitration Proceedings

Sarama Provides Update on Arbitration Proceedings

August 5, 2025
Diggers and Dealers 2025 Presentation

Diggers and Dealers 2025 Presentation

August 5, 2025
Fortune Bay Announces Option Agreement for the Woods Uranium Projects

Fortune Bay Announces Option Agreement for the Woods Uranium Projects

August 5, 2025
  • About us
  • Privacy Policy
  • Terms & Conditions
  • About us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 revenueagenda.com | All Rights Reserved

No Result
View All Result
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy

Copyright © 2025 revenueagenda.com | All Rights Reserved