Bittime - Ethereum price continues to recover above the $3,120 zone, but ETH did not manage to cross the $3,220 barrier and is currently seeing a decline in profits. Before emergence bears, Ethereum price rose above the $3,150 and $3,200 levels, with the 100 hourly moving average below $3,120.
Ethereum Price Drops Again
Before bears appeared, the price of Ethereum climbed higher above the $3,150 and $3,200 levels, like Bitcoin. However, after emergence bears, the price of Ethereum started to fall.
There is movement below the $3,150 level, where bears pushing it below the $3,120 support. Additionally, there was a break below the main bullish trend line with support at $3,120 on the hourly chart of ETH/USD, with the pair testing the $3,025 zone.
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After hitting a high of $3,025, the price is currently consolidating its decline. Ethereum is near the $3,070 level, or the 23.6% Fib retracement level of the recent decline from the $3,217 peak to $3,025 low. Ethereum is trading below $3,120.
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Further Losses in ETH?
If Ethereum fails to break the $3,120 mark, further declines may begin. Initial support on the downside is near the $3,025 level, and the first major support is around $3,000.
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If the price moves below the key support, which is near the $2,950 level, the price may move towards $2,820. In case of further losses, the price may return to the $2,650 level in the near term.
How To Buy Ethereum (ETH) With Bittime
You can buy and sell Ethereum (ETH) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Ethereum (ETH) is available on Bittime with ETH IDR pairing.
To be able to buy ETH tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn How to Buy Ethereum (ETH) on Bittime.
Monitor price chart movements of Ethereum (ETH), Bitcoin (BTC), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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