{"id":29840,"date":"2024-10-29T08:47:06","date_gmt":"2024-10-29T08:47:06","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=29840"},"modified":"2024-10-29T08:47:07","modified_gmt":"2024-10-29T08:47:07","slug":"ethereum-technical-analysis-report-29th-october-2024","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/ethereum-technical-analysis-report-29th-october-2024","title":{"rendered":"Ethereum Technical Analysis Report | 29th October 2024"},"content":{"rendered":"\n

Ethereum (ETH) has regained the critical $2,500 level, posting a modest 1% increase on Monday. The leading altcoin hints at a potential rally, fueled by a wave of withdrawals from exchanges by investors. However, the price momentum could face resistance due to negative flows in Ethereum exchange-traded funds (ETFs). Over the past week, investors pulled roughly 300,000 ETH\u2014worth around $760 million\u2014out of exchanges. Ethereum ETFs experienced the highest outflows among digital assets last week, with $35 million in negative flows.<\/p>\n\n\n\n

At the time of writing, ETH<\/a> was trading at $2,617. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

ETH, after making the weekly low of $2,304, surged almost by 13% up to $2,622. On a broader time scale, the asset is trading in a broad range from $2,300 to $2,800. ETH has a very strong resistance zone from $2,800 to $2,850. Once it gives a breakout above the resistance with good volumes then we can expect it to further rally up to $3,350.
<\/p>\n\n\n\n

  Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset<\/strong><\/td>Resistance 1<\/strong><\/td>Resistance 2<\/strong><\/td><\/tr>
$2,150<\/td>$2,350<\/td>ETH<\/strong><\/td>$2,800<\/td>$3,350<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

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Ethereum (ETH) has regained the critical $2,500 level, posting a modest 1% increase on Monday. The leading altcoin hints at a potential rally, fueled by a wave of withdrawals from exchanges by investors. However, the price momentum could face resistance due to negative flows in Ethereum exchange-traded funds (ETFs). Over the past week, investors pulled […]<\/p>\n","protected":false},"author":1,"featured_media":29842,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[16,311],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/29840"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=29840"}],"version-history":[{"count":2,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/29840\/revisions"}],"predecessor-version":[{"id":29846,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/29840\/revisions\/29846"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/29842"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=29840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=29840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=29840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}