{"id":483323,"date":"2022-02-10T05:48:32","date_gmt":"2022-02-10T05:48:32","guid":{"rendered":"https:\/\/wncen.com\/?p=483323"},"modified":"2024-06-11T13:00:33","modified_gmt":"2024-06-11T13:00:33","slug":"ethereum-gearing-lift-off-to-3-5k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-gearing-lift-off-to-3-5k\/","title":{"rendered":"TA: Ethereum Gearing For Another Lift-Off to $3.5K: Rally Isn’t Over Yet"},"content":{"rendered":"
Ethereum climbed to a new weekly high above $3,250 against the US Dollar. ETH price is correcting gains, but it might find support near $3,150.<\/em><\/p>\n Ethereum remained strong and extended increase<\/a> above the $3,200 level. ETH even climbed above the $3,250 level and settled well above the 100 hourly simple moving average.<\/p>\n A high was formed near the $3,272 and the price is now correcting gains. It is trading below the $3,200 support level. Ether corrected lower below the 23.6% Fib retracement level of the recent increase from the $3,028 swing low to $3,272 high.<\/p>\n However, the price is still trading above $3,150 and the 100 hourly simple moving average<\/a>. Besides, there is a major bullish trend line forming with support near $3,150 on the hourly chart of ETH\/USD.<\/p>\n <\/a><\/p>\n An immediate resistance on the upside is near the $3,220 level. The first major resistance is near the $3,220 level. A successful close above $3,250 might start another increase. In the stated case, the price could surpass the $3,280 and $3,300 levels. The next major stop for the bulls may possibly be near the $3,400 level.<\/p>\n If ethereum fails to continue higher above $3,220 or $3,250, it could start a downside correction. An initial support on the downside is near the $3,150 level and the trend line zone.<\/p>\n The trend line is also near the 50% Fib retracement level of the recent increase from the $3,028 swing low to $3,272 high. A downside break below the trend line support might push the price towards the 100 hourly SMA. The next major support is near the $3,050 level, below which there is a risk of a larger decline.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining pace in the bearish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is just below the 50 level.<\/p>\n Major Support Level \u2013 $3,150<\/p>\n Major Resistance Level \u2013 $3,250<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum climbed to a new weekly high above $3,250 against the US Dollar. ETH price is correcting gains, but it might find support near $3,150. Ethereum started a downside correction after it spiked above the $3,250 level. The price is still trading above $3,150 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,150 on the hourly chart of ETH\/USD (data feed via Kraken). The pair must stay above $3,150 and $3,100 to start another increase in the near term. Ethereum Price Eyes More Upsides Ethereum remained strong and extended increase above the $3,200 level. ETH even climbed above the $3,250 level and settled well above the 100 hourly simple moving average. A high was formed near the $3,272 and the price is now correcting gains. It is trading below the $3,200 support level. Ether corrected lower below the 23.6% Fib retracement level of the recent increase from the $3,028 swing low to $3,272 high. However, the price is still trading above $3,150 and the 100 hourly simple moving average. Besides, there is a major bullish trend line forming with support near $3,150 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $3,220 level. The first major resistance is near the $3,220 level. A successful close above $3,250 might start another increase. In the stated case, the price could surpass the $3,280 and $3,300 levels. The next major stop for the bulls may possibly be near the $3,400 level. Dips Limited in ETH? If ethereum fails to continue higher above $3,220 or $3,250, it could start a downside correction. An initial support on the downside is near the $3,150 level and the trend line zone. The trend line is also near the 50% Fib retracement level of the recent increase from the $3,028 swing low to $3,272 high. A downside break below the trend line support might push the price towards the 100 hourly SMA. The next major support is near the $3,050 level, below which there is a risk of a larger decline. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining pace in the bearish zone. Hourly RSI – The RSI for ETH\/USD is just below the 50 level. Major Support Level \u2013 $3,150 Major Resistance Level \u2013 $3,250<\/p>\n","protected":false},"author":67,"featured_media":464597,"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-483323","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 Eyes More Upsides<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n