CandleFocus Ethereum Price Dips Again: Will Bulls Step In to Protect the Trend?
2024-10-22
Author: Content Editor
The Ethereum price faced resistance near $2,750 and started a downward correction. It broke below the $2,680 support level and is currently consolidating near the 23.6% Fib retracement level. The price is trading below $2,680 and the 100-hourly Simple Moving Average. The immediate resistance is near $2,665, followed by the $2,700 level. A clear break above $2,700 could lead to further gains towards the $2,780 and $2,840 levels. On the downside, if the price fails to clear the $2,680 resistance, it could decline towards the $2,600 and $2,550 levels. The MACD indicator is losing momentum in the bullish zone, while the RSI is below 50. The major support level is at $2,600, and the major resistance level is at $2,680.
Related News
If Bitcoin Price Repeats Gold's Bullish Pattern, BTC Could Hit $230K CARV and Kaia Partner to Revolutionize Identity in Web3 $473 Billion Debt Increase in Just Three Weeks Pushes U.S. National Debt to Unprecedented Levels Most Successful dApps: The Top 5 Tokens Transforming Decentralized Finance in Q3 2024 Scroll Airdrop Farmers Gripe Over Ethereum Layer-2 Token Launch 53% Of Binance Traders Are Shorting Bitcoin – What Does This Mean For Price Action? Alameda Research continues to deposit Worldcoin (WLD) to Binance SEC Chair Gensler warns of investor risks stating, “too many people have been hurt” Massive Altcoin Whale Gave Up: Sold This Altcoin Out $35,000,000,000 Hedge Fund Brevan Howard Eyeing One Country for Its ‘Sensible’ Crypto Regulations: Report Elon Musk's Tesla Moved $776 Million in Bitcoin, But Is Still in Control of Wallets: Arkham JPMorgan’s CEO Jamie Dimon Quietly Backs Kamala Harris, Shuns Donald Trump How High Can Chainlink Price Go if BlackRock's Larry Fink Endorses LINK What Is Binance's Halloween Pumpkin Chase and How Can You Win Crypto Rewards? Magic Eden adds support for BeraChain and ApeChain, sets sights on Monad The Kenya Revenue Authority (KRA) proposes real-time crypto tax monitoring Historical Bullish Pattern Suggests Solana (SOL) Price Could Soar By 70% Retail Demand for Bitcoin Shows Strong Rebound After Four-Month Break Metallicus secures FedNow transaction certification GameStop Meme Stock Craze Prompted Market 'Plumbing' Changes, Says SEC Chair Gensler A basket of prominent meme coins outperformed Bitcoin (BTC) and S&P500 in 2024 Local Peak Seen in Bitcoin? Analyst Cites These 5 Altcoins as Examples Judge delays sentencing of IcomTech promoter to allow testimony Sui Blockchainintegrates with Google Cloud via ZettaBlock Paddle Finance Collaborates with Quantlytica to Revolutionize AI-Driven Services "Most Anticipated" Bitcoin Breakout: Legendary Trader Brandt Shares Crucial Chart Fed officials reiterate ‘modest’ path forward for interest rate cuts XRP Sinks to a Weekly Low, Rebound Likely to Follow Don’t Count on Bitcoin Correction Before Next Leg Up, According to Analyst Jason Pizzino – Here’s His Outlook FET Price Set for 100x Gains? Analysts Predict This for 2025 Ethereum Could Be Heading for Massive Capitulation As Fed Rate Cut Cycle Rocks ETH: Benjamin Cowen LUNC News: Terra Classic Community Votes On Key Proposal To Reduce Broader Costs SEC chair wishes Bitcoin a ‘sweet sixteen’ for white paper anniversary AVAX Gains Momentum as It Nears Critical Resistance Level at $32.72 Chainlink (LINK) Price Surges, Eyeing a Break Through $13 Resistance How to Turn $50 into $500K by the End of October? Plan to ‘kill Musk’s Twitter’ exposed in leaked CCDH files One Ethereum rival to turn $100 into $1,000 in 2025 Ripple misses filing deadline risking setback in ongoing SEC case Aurum Launches $1B Tokenized Fund for Data Center Investments on XRP Ledger With Zoniqx Rep. French Hill remains hopeful for crypto legislation before the end of 2024 Tether CEO Ardoino Says He Expects U.S. Will Catch Up in Crypto Regulation Notcoin founder says Binance and ‘poor guys from nowhere' are chasing success with Telegram games Shiba Inu (SHIB) Volatility Expected as Investors Move Tokens to Exchanges Donald Trump Lead Crosses 65%, New Pro-Bitcoin Ad Released! TON Network Experiences Dip in Daily Active Users from 5M Peak to 1.58M Ethereum price: Analyst points to potential short-squeeze Preaching the Goatse gospel: A timeline Ethereum Bullish Breakout Confirmed – Top Analyst Predicts $3,400 Target Analysis Company Speaks for Bitcoin: “Strong Bullish Signal!” – Here’s What They Expect Bitcoin mining difficulty hits new all-time high amid record network hash rate This Cryptocurrency Platform Takes Action Against Donald Trump Supporters Toncoin (TON) Price Faces Consolidation with Bearish Pressure Building Should You Play 'Dookey Dash: Unclogged'? The Bored Ape Endless Runner With Big Prizes Uniswap (UNI) Volume Spikes 150% as Upbit Expands Trading Pair Offerings Kyber Network Exploit: Hacker Uses Tornado Cash to Launder $1.65 Million in Stolen ETH HashKey Capital Is Bullish on Altcoins Amid Bitcoin’s Prevailing Boom Elon Musk, XRP Lawyer John Deaton Slam Senator Elizabeth Warren For Lying Analyst Identifies Upward Wave 3 for Cardano: Can It Reach $0.55 Amid Ongoing Recovery? BNB Price Prediction: Is It Time To Buy the Dip Now? XRP Remains Stable Above $0.50 As Traders Are Unsettled Analysts Predicted a Record for Bitcoin: “US Election Results Are Irrelevant, It Can Go To This Level” Ethereum Stays In Its Range And Falls From A High Of $2,800 D3 launches .APE domain names for ApeCoin users ZeroLend Partners with Token Terminal for Data-Driven Reporting Lightning Network value directly correlated to Bitcoin price: Report Bitcoin volatility expected to increase after approval of options on ETFs, analysts say SHIB Price Prediction for October 22 Bitcoin traders expect price pullbacks, but $73K remains the short-term target Tether is 'doubling down' on communication and transparency, CEO Paolo Ardoino says Metaplanet Raises $66 Million Through Stocks Acquisition Rights Program The Metric That Matters for the Lightning Network Peter Todd forced into hiding after HBO doc claims he invented Bitcoin Price analysis 10/22: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA UAE crypto VAT exemption viewed as significant positive impact on virtual asset ecosystem BTC, DOGE and ADA Whales Might Drive Price Rebound, Here's Why IOTA News: TLIP Initiative Takes Flight in Kenya, UK, and Across Africa and Asia with Upcoming RWA dApps 35,770,000,000,000 Reasons: Gemini Stuns Crypto Community With Bitcoin Post Bitcoin Has Surged Over 1,000% Since Elon Musk’s First Tweet on BTC Aptos Sees Major Uptick in Transactions: APT Targets Yearly High of $20 WBTC supply contracts this month following Justin Sun custody drama MicroStrategy's Saylor Issues Special Bitcoin Tweet as BTC Falls Below $67,000 NetVRk Unveils AI-Driven Metaverse with Unreal Engine 5 Analyst Predicts $200,000 Bitcoin (BTC) Price, Yet Expects Post-2025 Timeline Core Scientific to host more CoreWeave infrastructure, targets $8.7B revenue CoinShares Expands US Footprint with New York Office Tudor Jones says he is “long gold and long bitcoin” RAY forms cup and handle as Raydium’s DEX volume spikes 1 Trillion Shiba Inu in 24 Hours: Why Is SHIB Price Still Down? Aptos NFT Market Grows with 3.9K Collections and 2.3M Sales SUI Price Weakens as TVL Surge Reaches Plateau Institutions hold $13b of Bitcoin ETF shares Expert Criticizes XRP, Shares Only Way XRP Can Pump 0G Foundation announces a new node sale Uptober to Bullcember: Crypto Market Signals Explosive Growth, $100k BTC in Sight? SEC Puts Cryptocurrency Under Microscope for 2025 Why Is the New Era of TON Tokens Mistakenly Labeled as Meme Coins? Solana TVL reaches new peak since early 2022 Dogecoin's (DOGE) Massive Milestone: Profitability Hits 80% Trader That Called 2021 Crypto Collapse Flips Bullish on Dogecoin, Hints at Bitcoin Breakout Now What are the Chances of Shiba Inu Price Hitting $1? Analyst Uses Bitcoin Four-Year Cycle to Set Timeline for $150K-175K Peak Tokenization Could Pose Risks to Financial System, FSB and BIS Warn Crypto CEO Loses $450K to 'Best Friend' After Connecting to His WiFi World's Largest Prediction Market Polymarket Is Trump Biased 3 SOL Charts Hinting At Major Solana Price Rally in November Bitcoin Yield On Dollars? Yes, Please. How DePIN is disrupting Google, Amazon, and Nvidia Will Chris Larsen's XRP Donation Impact The Ripple SEC Lawsuit? Major Tax Hike on Cryptocurrencies in Italy Pro meme coin trader earns $815K in 30 days with an 81% win rate XRP Price Prediction: Ripple CTO Breaks Silence on Speculation Grass crypto pre-market futures steady as airdrop details emerge Winklevoss-backed DeFi platform launches after $6.9M investment round Here’s why ApeCoin has suffered a harsh reversal 2024 US Election: Market Volatility & Liquidity Risks Analysts Target This Level in the Short Term for Bitcoin! Here Are the Details Chainlink Unveils New CCIP Private Transactions Feature for Financial Institutions Avalanche (AVAX) Launches Credit Card That Lets Users Spend Cryptocurrency “Anywhere Visa Is Accepted” dYdX founder is back as CEO, and he’s in full ‘founder mode’ Dogecoin Whale Accumulates 155M DOGE, Is the Dip Over? Asymmetric Research Joins Stacks to Strengthen sBTC Security CoreDAO Bridges Ethereum & Bitcoin with 64% User Surge and Record dApp Volumes $96 Million Bitcoin (BTC) Withdrawal Stuns Crypto Exchange Binance Scroll's SCR Token Debuts at $212M Market Cap in Volatile Trading Session MAGA (TRUMP) Meme Coin Targets Yearly Low Ahead of US Elections Solana, XRP, Litecoin ETFs May Have a Chance of Approval: "But Only on One Condition!" Two Expert ETF Analysts Explain! Truflation launches the ‘Deadlift Index’ to combine fitness with finance TRON Surpasses BTC, ETH and XRP in Q3 Revenue Bitcoin Self-Custody Calls Intensify as Centralization Grows: 'No One Is Ready for the Biggest Hack in History' Possible Shiba Inu (SHIB) Golden Cross in 10 Days: Now or in 2025? Ripple sells $100 million of XRP amid shy ‘Uptober’ and Kamala Harris donation WazirX Founder Nischal Slams CoinSwitch Allegations as Baseless Solana Protocol Elmnts Launches Tokenized Mineral Rights Platform Blockchain can help fight AI fakes in crypto airdrops and elections Mark Cuban Dismisses Polymarket Election Odds as Result of 'Foreign Money' 94% of all Bitcoin in profit hints that $69K BTC price was a local top Iran's Crypto Exchanges Witness Major Growth Amidst International Sanctions Whale Alert: $390M Giant Withdraws 8,065 ETH in Bold Move from Binance! Bitcoin Exchange OKX Announces It Will List a New Altcoin on Futures! Russian ‘crypto queen’ Valeria Fedyakina, aka Bitmama, faces $23M fraud charges France opens trial for $30M diamond and crypto investment scam case Solana's Crypto-Governance Hub Realms is Under New Management ? Michael Saylor Says He'll Give Away His Bitcoin—Like Satoshi Nakamoto Buenos Aires Adds ZK Proofs to City App in Bid to Boost Residents' Privacy Messari Founder Declares XRP “Dead” Amid Ripple Founder’s $10M XRP Donation to Harris Campaign Why These Altcoins Are Trending Today — October 22 Bitcoin Price Faces Resistance as Analysts Now Weigh Pre-Election Consolidation Gary Gensler's Contentious Reign Over Crypto Approaches Its Twilight Solana price unfazed by Pump.fun $6.6M sale, $47M SOL remaining This trading bot has a 100% win rate on meme coins As stablecoins gain greater traction, what's next for crypto's 'killer use case?' Ethereum Price Analysis: ETH’s Rejection at $2.7K Could Spell Further Trouble VeChain News: VePassport Launches with Improved Sybil Defense and Rewards for Better Actions Bitcoin’s $4.2B October Options Expiry May Increase Short-Term Volatility Binance Introduces LUMIA Token Earn Campaign with Up to 19.9% APR for Stakers Bonk Price Eyes 2X Rally After This Major Listing Altcoin Market Slumps: Ethereum, Solana, and Sui Lead the Decline $1.1 Billion in 24 Hours: What's Next for XRP Amid $203 Million Market Sell-Off? ApeCoin (APE) Price: Wintermute Manipulation or Bullish Breakout? One condition Bitcoin must meet or 'bears can creep back into the picture' 4 Best USB Bitcoin Miners in 2024 XRP Rebranding on Binance as Ripple’s RLUSD Nears Launch Wall Street Bitcoin Miner Expands to Ethiopia to Combat 170% Surge in Production Costs Chainlink Launches CCIP Private Transactions, ANZ Bank Pilots New Feature MicroStrategy CEO Michael Saylor Reveals His Bitcoin MSTR Plan India weighs crypto ban as it pushes for digital rupee adoption Blockchain fixes this: Building trust and privacy with AI | Opinion Will Altcoin Season Begin Soon? Analysis Company Gives Investors Upsetting Answer! Ethereum Supply Surge May Cap Price Growth Under $3,000 For Now Arbitrum’s big test: Will $0.61 resistance hold or break? Lido Finance Sees TVL Growth, Despite stETH Dip on L2 Networks Is It Illegal to Use Uniswap in USA? NFP Token Plunge: Coinone Disputes Hack Claim, Launches Probe FET News: Whale Activity Surges 3,610% as Price Approaches $1.49 Resistance BREAKING: Coinbase Futures Announces Listing of Recent Popular Altcoin! Ripple’s managing director of ME Reece Merrick keen to launch RLUSD stablecoin in UAE Bitcoin Price Analysis: What Are BTC’s Chances for New ATH After the Rejection at $69K? Retail Crypto Investors Pivot to Derivatives as Market Momentum Grows Aerodrome Dominates ETH-USDC Trading Volume with $284M in 24 Hours VeChain Boosts Ecosystem After Securing Latest US Patent Suilend to Launch Native Token SEND in December Cardano (ADA) Cup and Handle pattern forming; Rally imminent? Here's How Government Can "Confiscate" Your Bitcoin: Samson Mow How Soon Could Shiba Inu Price Hit $100, $500, and $1000? APT hits six-month high as God candle forms, rally expected to continue ICP Price Approaches Critical Breakout Point: What to Expect? Crypto Regulations: Trick or Treat for Innovation? XRP Price Prediction as Analyst Says 'Patience is Key' For $589 Target Cardano Wallet Yoroi Opens Door to Passive Income for ADA Holders with This Latest Partnership GameFi Set for Major Growth, Expected to Hit $301.5B by 2030 Binance, Crypto.com lose ground to rivals, DEX’s on the rise: Report Here’s the Crypto Sector With the Biggest Product-Market Fit, According to Investor Arthur Cheong Scroll Airdrop Farming Unwinds With $170 Million TVL Drop Top Trader Predicts Dogecoin Price To Reach $0.37 in Two Weeks Avalanche (AVAX) launches credit card, allowing users to spend crypto ‘wherever Visa is accepted’ Top 5 AI Altcoins to Sell Before the End of October Stripe's Acquisition of Bridge Validates the Usage of Stablecoins: Bernstein Ripple CEO Comments on Elon Musk Mentioning XRP Aptos (APT) Price Shoots 12% As TVL Hits $920M New All-Time High Analyst Sets Bitcoin $285,000 Target Using Quantile Model Uniswap Awards $850K Grant to OpenZeppelin for v4 Hooks Library Development Lisk Joins Forces with Moralis to Streamline dApp Development 3 Reasons Why Bitcoin (BTC) Hashrate Hits New ATH of Over 925 Eh/s Bitcoin analysis sees 'lower risk aversion' as retail demand adds 13% Over 1 Million Cardano Addresses May Hinder ADA’s Bid to Break $1 Karpatkey closes $7 million funding round to expand DAO treasury services $200 Million in Crypto Destroyed on Market as Bitcoin Bulls Perish BitBoy Says XRP Will Overtake Ethereum, Predicts Price of $16.5-$22 Is a Bitcoin price crash possible today? Here's what to expect Solana Smart Whale Sells 22,726 $SOL for $3.86M at Market Peak Top Analyst Predicts Timeline For Solana Price To Reach $4,500 $PIP Soars 149.6%, Leading Crypto Gainers on October 21 Lawyer John Deaton Calls Senator Warren Clueless on Inflation Claims Bitcoin Approaches Crucial Level as Open Interest Concerns Abound: Bitfinex APT, UNI Chart Gains Amid Market-Wide Correction, BTC Shaky at $67K (Market Watch) Whale activity around leading assets skyrocketed, showing mixed signals Expert Says XRP Primed for Its Biggest Explosion Yet Solana's Co-Founder Questions Ethereum Utility Without Base Layer 2 Pump Fun Sells Another 40,000 SOL, Is Solana Price Rally Delayed? Top Trader Predicts Bitcoin Breakout to $100,000 Following Months of Consolidation – But There’s a Big Catch India leans toward Bitcoin ban, highlights benefits of CBDCs BNB Price Poised for Fresh Increase: Will Momentum Build? Orion Protocol (ORN) Migrates to Lumia (LUMIA) Token Known for Its Bitcoin ETFs, WisdomTree Fined $4 Million by US SEC Litecoin’s Mini Bull Run: Unpacking the Key Driving Factors Analyst Says Fantom (FTM) Downtrend Is Over, Is $1 The Next Stop? Expert Sees Bitcoin Hitting $300-500K as Whales Ramp up Buying Activity GSR Markets Move Millions as NEIRO Price Shows Bearish Signs Satoshi-Era Whale from 2009 Sells Nearly $10 Million Worth of Bitcoin Metaplanet “Asia’s Microstrategy” Raises 10 Billion Yen to Boost Bitcoin Holdings Aussie Crypto Exchange’s Ex-CEO Charged for $1.5M Theft from Customer What’s New in DePin? Chirp Celebrates 2 Years, MapMetrics Improves Navigation, CVPad Launches Privasea Node Sale XRP Price Stays Range-Bound: Will It Soon Make a Move? Ethereum Price Dips Again: Will Bulls Step In to Protect the Trend? Here’s Shiba Inu Price if It Sees Only 10% of Bitcoin Market Cryptocurrency Transactions' Volumes Spike Nearly 25% in Brazil APE Traders Make Bold Moves in PowerTrade's Altcoin Options Market U.S. Debt Projections Stable Until 2034, Despite BlackRock’s Warnings Bitcoin Price Corrects Some Gains: A Pause Before the Next Move? Misspelling Soneium on Google could drain your crypto wallet: Scam Sniffer Upbit Announces Listing of a New Altcoin, Price is Rising! Proof-of-Work vs Proof-of-Stake: Which Is Better? Bitcoin, Majors Dip on Leverage Flush; CAT Token Runs Up 60% on Futures Listing Vital Wallet launches using MetaMask Snaps to bring Neo N3 wallets to Ethereum users Neo News: Week in Review – October 14 – October 20 Crypto Stocks COIN, MSTR, MARA Plunge, Bitcoin Gains Reverse Ledger Live enables THORChain’s decentralized native cross-chain swaps Latam Insights Encore: Brazil Can Lead the Way to Full BRICS De-Dollarization Stacks Activating Nakamoto Upgrade In 8 Days, Will STX Break $2? Trump’s tax plan set to eliminate income taxes for 93 million Americans BTC down Monday after climbing past $69K. What’s next? ‘Being this wrong should be illegal’ — Crypto pundits slam Fed’s Kashkari AI-driven meme coin SLOP rises 56,000% in just 24 hours Proof-of-Work vs Proof-of-Stake: Which Is Better? Industry Stakeholders Cautious as Argentina Drafts New Crypto Regulations BlackRock Bitcoin ETF records $329 million net inflows despite market retreat Nomura-backed Komainu to acquire crypto custodian Propine amid Singapore expansion Ex-CEO of Mine Digital stole $1.5M from a Bitcoiner, says regulator Ripple CEO Brad Garlinghouse: Voters Care About Crypto, XRP NAKAWallet Launching in 24 Hours: Nakamoto Games Prepares for Takeoff! Crypto Stocks COIN, MSTR, MARA Plunge, Bitcoin Gains Reverse Ledger Live enables THORChain’s decentralized native cross-chain swaps Bitcoiners slam Saylor for throwing weight behind ‘too big to fail’ banks XRP Shows Weakest Performance in Top 10, Unless This Happens, Biggest Bitcoin (BTC) Breakout of 2024 Is in, Solana (SOL) Explodes Above $165: Is $200 Next? Tezos price prediction 2024-2030: How high can XTZ rise? Ripple Moves 200M XRP Amid SEC Appeal, What's Happening? Crypto industry wields growing influence in US politics with donations climbing over $190 million Big Token Unlocks Ahead: Guild of Guardians, Moonwell, Ronin, and Yield Guild on the Horizon