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Ethereum started a fresh increase from the $2,550 support zone against the US Dollar. ETH price is rising, and it is likely to accelerate higher if it breaks $2,880.<\/em><\/p>\n

\n
Ethereum is showing positive signs above the $2,750 resistance zone.<\/li>\n
The price is well above the $2,700 support and the 100 hourly simple moving average.<\/li>\n
There was a break above a major bearish trend line with resistance near $2,750 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a strong increase if there is no break below the 100 hourly SMA and $2,700.<\/li>\n<\/ul>\n
Ethereum Price Is Eyeing More Upsides<\/h2>\n
After retesting the key $2,550 support zone, ethereum started a fresh increase<\/a> above the $2,650 resistance zone. ETH gained pace above the $2,700 and $2,720 levels.<\/p>\n
The price gained pace above the 50% Fib retracement level of the of the downward move from the $2,814 swing high to $2,548 low. There was also a break above a major bearish trend line with resistance near $2,750 on the hourly chart of ETH\/USD.<\/p>\n
The pair is now well above the $2,700 support and the 100 hourly simple moving average, unlike bitcoin<\/a>. Ether is also above the 76.4% Fib retracement level of the of the downward move from the $2,814 swing high to $2,548 low. An immediate resistance is near the $2,814 high.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
The first major resistance is near the $2,850 level. The main hurdle is near the $2,880 level. A clear upside break above the $2,880 level could set the pace for a larger increase. In the stated case, the price could test the $3,000 level.<\/p>\n
Dips Supported in ETH?<\/h2>\n
If Ethereum fails to clear the $2,800 and $2,850 resistance levels, it could start a downside correction. An initial support on the downside is near the $2,750 level.<\/p>\n
The main support is now forming near the $2,650 level and the 100 hourly SMA. A downside break below $2,650 and the 100 hourly SMA could open the doors for a larger decline. The next major support sits near the $2,550 zone, below which the price is likely to move into a bearish zone.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly gaining pace in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is currently above the 50 level.<\/p>\n
Major Support Level \u2013 $2,650<\/p>\n
Major Resistance Level \u2013 $2,850<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum started a fresh increase from the $2,550 support zone against the US Dollar. ETH price is rising, and it is likely to accelerate higher if it breaks $2,880. Ethereum is showing positive signs above the $2,750 resistance zone. The price is well above the $2,700 support and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $2,750 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a strong increase if there is no break below the 100 hourly SMA and $2,700. Ethereum Price Is Eyeing More Upsides After retesting the key $2,550 support zone, ethereum started a fresh increase above the $2,650 resistance zone. ETH gained pace above the $2,700 and $2,720 levels. The price gained pace above the 50% Fib retracement level of the of the downward move from the $2,814 swing high to $2,548 low. There was also a break above a major bearish trend line with resistance near $2,750 on the hourly chart of ETH\/USD. The pair is now well above the $2,700 support and the 100 hourly simple moving average, unlike bitcoin. Ether is also above the 76.4% Fib retracement level of the of the downward move from the $2,814 swing high to $2,548 low. An immediate resistance is near the $2,814 high. Source: ETHUSD on TradingView.com The first major resistance is near the $2,850 level. The main hurdle is near the $2,880 level. A clear upside break above the $2,880 level could set the pace for a larger increase. In the stated case, the price could test the $3,000 level. Dips Supported in ETH? If Ethereum fails to clear the $2,800 and $2,850 resistance levels, it could start a downside correction. An initial support on the downside is near the $2,750 level. The main support is now forming near the $2,650 level and the 100 hourly SMA. A downside break below $2,650 and the 100 hourly SMA could open the doors for a larger decline. The next major support sits near the $2,550 zone, below which the price is likely to move into a bearish zone. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly gaining pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is currently above the 50 level. Major Support Level \u2013 $2,650 Major Resistance Level \u2013 $2,850<\/p>\n","protected":false},"author":67,"featured_media":460134,"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-465161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nTA: Ethereum Outpaces Bitcoin, Here\u2019s Why ETH Could Surpass $2,880<\/title>\n<meta name=\"description\" content=\"Ethereum started a fresh increase from the $2,550 support zone against the US Dollar. 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