{"id":464487,"date":"2021-05-26T05:58:05","date_gmt":"2021-05-26T05:58:05","guid":{"rendered":"https:\/\/wncen.com\/?p=464487"},"modified":"2024-06-11T08:38:40","modified_gmt":"2024-06-11T08:38:40","slug":"ethereum-eth-could-test-3k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-eth-could-test-3k\/","title":{"rendered":"TA: Ethereum Breaks Key Resistance, Here\u2019s Why ETH Could Test $3K"},"content":{"rendered":"
Ethereum extended its upward move above the $2,750 resistance zone against the US Dollar. ETH price is showing positive signs and it could rise towards $3,000 or even higher.<\/em><\/p>\n Ethereum remained supported above the $2,500 level and it extended its recovery wave<\/a>. There was a break above the $2,600 and $2,650 resistance levels, opening the doors for a steady increase.<\/p>\n There was a clear break above the 61.8% Fib retracement level of the downward move from the $2,742 high to $2,375 low. Moreover, there was a break above a key bearish trend line with resistance near $2,600 on the hourly chart of ETH\/USD.<\/p>\n Ether price is now trading above the $2,700 support and the 100 hourly simple moving average<\/a>. It cleared the last swing high near $2,742 and it is now trading above $2,800.<\/p>\n <\/a><\/p>\n Besides, it is testing the 1.236 Fib extension level of the downward move from the $2,742 high to $2,375 low. If there are more gains, the price could test the $2,950 resistance. The next major resistance is near the $3,000 level, above which the price could rally towards the $3,000 level.<\/p>\n If Ethereum fails to continue higher above the $2,900 and $2,9500 resistance levels, it could start a downside correction. An initial support on the downside is near the $2,750 zone.<\/p>\n The first key support is near the $2,650 level. Any more losses could lead the price towards the $2,550 support zone and the 100 hourly simple moving average.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining pace in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is currently well above the 50 level.<\/p>\n Major Support Level \u2013 $2,750<\/p>\n Major Resistance Level \u2013 $2,950<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum extended its upward move above the $2,750 resistance zone against the US Dollar. ETH price is showing positive signs and it could rise towards $3,000 or even higher. Ethereum extended its recovery wave above the $2,650 and $2,750 levels. The price is now trading above the $2,700 support and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $2,600 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is now showing signs of more gains above $2,900 and $2,950. Ethereum Price Remains Well Bid Ethereum remained supported above the $2,500 level and it extended its recovery wave. There was a break above the $2,600 and $2,650 resistance levels, opening the doors for a steady increase. There was a clear break above the 61.8% Fib retracement level of the downward move from the $2,742 high to $2,375 low. Moreover, there was a break above a key bearish trend line with resistance near $2,600 on the hourly chart of ETH\/USD. Ether price is now trading above the $2,700 support and the 100 hourly simple moving average. It cleared the last swing high near $2,742 and it is now trading above $2,800. Source: ETHUSD on TradingView.com Besides, it is testing the 1.236 Fib extension level of the downward move from the $2,742 high to $2,375 low. If there are more gains, the price could test the $2,950 resistance. The next major resistance is near the $3,000 level, above which the price could rally towards the $3,000 level. Dips Limited in ETH? If Ethereum fails to continue higher above the $2,900 and $2,9500 resistance levels, it could start a downside correction. An initial support on the downside is near the $2,750 zone. The first key support is near the $2,650 level. Any more losses could lead the price towards the $2,550 support zone and the 100 hourly simple moving average. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is currently well above the 50 level. Major Support Level \u2013 $2,750 Major Resistance Level \u2013 $2,950<\/p>\n","protected":false},"author":67,"featured_media":464489,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[1946,8686,78803],"class_list":["post-464487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price Remains Well Bid<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n