{"id":62238,"date":"2025-01-24T12:30:08","date_gmt":"2025-01-24T17:30:08","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=62238"},"modified":"2025-01-24T12:30:08","modified_gmt":"2025-01-24T17:30:08","slug":"crypto-update-ether-bounces-off-head-and-shoulders-nneckline-bulls-eye-50-day-sma-at-3503","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/crypto-update-ether-bounces-off-head-and-shoulders-nneckline-bulls-eye-50-day-sma-at-3503\/62238\/","title":{"rendered":"Crypto update: Ether bounces off head-and-shoulders nneckline, bulls eye 50-day SMA at $3,503"},"content":{"rendered":"<p>Ether (ETHUSD) has shown a positive bounce off the neckline of the head-and-shoulders (H&S) pattern on January 23, signaling an attempt by the bulls to prevent the formation of this bearish setup. The price has increased by 4.77%, with ETH currently trading at $3,338.57.<\/p>\n<p>Ether is now targeting the 50-day simple moving average (SMA) at $3,503, which represents a crucial near-term resistance level. If buyers manage to push the price above this level, Ether could surge toward the next target of $3,745. A break above the 50-day SMA would signal bullish momentum, encouraging further buying interest.<\/p>\n<p>On the flip side, if Ether faces rejection at the 50-day SMA, it could suggest that the bears are still active sellers on rallies. This scenario increases the risk of a breakdown below the neckline of the H&S pattern. Should this occur, the ETHUSDT pair could see a sharp decline, with potential support at $2,850.<\/p>\n<h3>Trading Data (as of 12:27 PM, 24 January 2025 GMT-5):<\/h3>\n<ul>\n<li>Ethereum (ETHUSD) Price: $3,338.57 (+4.77%)<\/li>\n<li>Market Cap: $409.172 Billion<\/li>\n<li>24-Hour Volume: $31.39 Billion<\/li>\n<li>Circulating Supply: 120.50 Million ETH<\/li>\n<\/ul>\n<p><strong>Disclaimer:<\/strong> This article is for informational purposes only and does not constitute financial or investment advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ether (ETHUSD) has shown a positive bounce off the neckline of the head-and-shoulders (H&S) pattern on January 23, signaling an\u2026<\/p>\n","protected":false},"author":434,"featured_media":59987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76],"tags":[7042,17535,22446,3926,10142,24530,22448,24531,24529,22929],"class_list":["post-62238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-blockchain","tag-crypto-market","tag-crypto-news","tag-cryptocurrency","tag-ether","tag-ether-bullish","tag-ethereum-price","tag-ethereum-price-analysis","tag-ethusd","tag-market-analysis"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/62238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/434"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=62238"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/62238\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/59987"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=62238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=62238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=62238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}