* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, August 5, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Nasdaq-listed Verb Technology to build $558 million TON treasury, rebrand as TON Strategy Co. – The Block

    Nasdaq-Listed Verb Technology to Build $558 Million TON Treasury and Rebrand as TON Strategy Co

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

    Credo Technology: Driving the Next Wave of AI Innovation

    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Nasdaq-listed Verb Technology to build $558 million TON treasury, rebrand as TON Strategy Co. – The Block

    Nasdaq-Listed Verb Technology to Build $558 Million TON Treasury and Rebrand as TON Strategy Co

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

    Credo Technology: Driving the Next Wave of AI Innovation

    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Ethereum ETH’s Potential Rebound After Hitting Target Low

April 20, 2024
in Technology
Ethereum ETH’s Potential Rebound After Hitting Target Low
Share on FacebookShare on Twitter

The crypto market has been experiencing a significant correction, and Ethereum (ETH) has not been left out. Following a 23% decline, Ethereum slipped off its $3,726 high on April 9 and hit a two-month low of $2,850 on April 13. 

Amid this downturn, Tara, a well-known crypto analyst, recently predicted that Ethereum might be gearing up for a recovery after hitting a low of $2,960. 

Predicted Continuation of Bearish Pressure

Despite a minor rebound from a $2,960 low, Ethereum remains in an overall bearish trend. The asset has been exhibiting unpredictable price movements as it attempts to reclaim the $3,000 level.

In her analysis, Tara pointed out Ethereum’s recent price actions, indicating that the bearish pressure might continue. This could lead to a decline to the $2,700 price level, which is close to a crucial retracement point. 

#Ethereum UPDATE! SO, I believe #ETH is actually done with it’s correction now too. It did hit the 1:1 of W1 at 2960 and now that #BTC has already hit target, I believe this is all ETH is going to get. I explain more in my video update with Casi that will be posted later today!… https://t.co/dzcLevpsC4 pic.twitter.com/qWzieBmKAV

— TARA (@PrecisionTrade3) April 18, 2024

This bearish push was expected to occur as part of the crypto market’s ongoing correction. However, in his updated outlook, Tara indicated that this correction might have already concluded, given the shift in broader market sentiment.

Earlier today, Bitcoin reached its correction target of $59,700 and is experiencing a bullish surge above $64,000. Ethereum is following the same upward trajectory, recording a 2% increase in the last 24 hours.

This bullish reversal preceded Ethereum’s retest of the $2,960 low, which coincides with Bitcoin’s recent retest of the $59,700 price level. 

The correlation between Bitcoin and Ethereum is not uncommon in the crypto market. Often, Bitcoin’s performance influences the performance of other cryptocurrencies, including Ethereum. 

Ethereum’s Bullish Momentum and Future Prospects

According to Tara, the $2,960 level represented a strong retracement level. Such support zones are typically used as a springboard for recovery, and this was indeed the case for Ethereum. 

Ethereum has rallied 4.71% over the last seven hours since touching $2,960, breaking above the $3,000 mark again. It now aims to establish a firm support level above this psychological threshold. 

However, as previously highlighted by Tara, Ethereum faces significant resistance at the Fibonacci 0.382 level, situated at $3,115. If the bears regain control, Ethereum would need to maintain its position above $2,996 to prevent any sharper drops to the recent lows. 

Ethereum’s hourly RSI has continued to rise following the drop to $2,960, indicating bullish momentum in the short term. However, the crypto would need to break through the 50-day EMA at $3,164 to confirm this price rally. This coincides with the Fib. 0.382 level at $3,115.

CryptoQuant data shows a decrease in Open Interest, suggesting that Ethereum might be on trend reversal from bearish to bullish. The funding rate indicates that long sentiment outweighs shorts, reflecting investors’ bullish behavior. 

Ethereum is currently trading at $3100, down 12% in the last seven days. The upcoming days and weeks will be crucial for Ethereum as it navigates through this period of market volatility.

The cryptocurrency’s ability to maintain its bullish momentum and break through key resistance levels will be instrumental in determining its future price trajectory.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechReport – https://techreport.com/crypto-news/ethereum-eths-potential-rebound-after-hitting-target-low/

Tags: ETH’sEthereumtechnology
Previous Post

Bitcoin (BTC) Coming Back Strong and Might Reach $200,000 Post-Halving

Next Post

Modeling of brain efflux: Constraints of brain surfaces

Who’s the top dog? Wave-riding canines compete in the World Dog Surfing Championships – NPR

Meet the Ultimate Wave-Riding Canines Battling for the World Dog Surfing Championship!

August 5, 2025
‘The Big Short’ investor warns despite economy’s stronghold against ‘thoughtless,’ ‘unprecedented’ tariffs so far, stagflation is coming – Fortune

The Big Short’ Investor Issues Stark Warning: Stagflation Threatens Despite Economy’s Surprising Strength Against Unprecedented Tariffs

August 5, 2025
‘Billie Jean’ – Hyde Park Herald

The Enduring Magic Behind ‘Billie Jean’ Revealed

August 5, 2025
Health insurance in Pennsylvania may see biggest hike in years – 90.5 WESA

Pennsylvania Braces for Its Largest Health Insurance Increase in Years

August 5, 2025
The Origins of the Political Power Grab in Texas – The New York Times

Inside Texas’s Bold Quest for Political Control

August 5, 2025
Nasdaq-listed Verb Technology to build $558 million TON treasury, rebrand as TON Strategy Co. – The Block

Nasdaq-Listed Verb Technology to Build $558 Million TON Treasury and Rebrand as TON Strategy Co

August 5, 2025

USA Wrestling and Pure&Clean Sports continue partnership to champion athlete safety and advance the sport – USA Wrestling

August 5, 2025
Archived natural DNA samplers reveal four decades of biodiversity change across the tree of life – Nature

Four Decades of Biodiversity Uncovered Through Archived Natural DNA Samplers

August 4, 2025
Scientists say they have solved the mystery of what killed more than 5 billion sea stars – Yahoo Home

Scientists say they have solved the mystery of what killed more than 5 billion sea stars – Yahoo Home

August 4, 2025
Science and the courts need to better distinguish between correlations and causation – Genetic Literacy Project

Science and the courts need to better distinguish between correlations and causation – Genetic Literacy Project

August 4, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (754)
  • Economy (780)
  • Entertainment (21,657)
  • General (16,291)
  • Health (9,817)
  • Lifestyle (787)
  • News (22,149)
  • People (778)
  • Politics (789)
  • Science (15,992)
  • Sports (21,275)
  • Technology (15,757)
  • World (761)

Recent News

Who’s the top dog? Wave-riding canines compete in the World Dog Surfing Championships – NPR

Meet the Ultimate Wave-Riding Canines Battling for the World Dog Surfing Championship!

August 5, 2025
‘The Big Short’ investor warns despite economy’s stronghold against ‘thoughtless,’ ‘unprecedented’ tariffs so far, stagflation is coming – Fortune

The Big Short’ Investor Issues Stark Warning: Stagflation Threatens Despite Economy’s Surprising Strength Against Unprecedented Tariffs

August 5, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version