{"id":486775,"date":"2022-03-24T05:28:53","date_gmt":"2022-03-24T05:28:53","guid":{"rendered":"https:\/\/wncen.com\/?p=486775"},"modified":"2024-06-11T14:18:38","modified_gmt":"2024-06-11T14:18:38","slug":"ethereum-reclaims-3k-2","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-reclaims-3k-2\/","title":{"rendered":"TA: Ethereum Reclaims $3K, Technicals Suggest More Upsides"},"content":{"rendered":"
Ethereum is moving higher above $3,000 against the US Dollar. ETH price could gain pace if there is a clear move above the $3,080 resistance.<\/em><\/p>\n Ethereum corrected lower below the $2,950 support zone<\/a>. However, ETH remained supported near the $2,900 zone and the price is still well above the 100 hourly simple moving average.<\/p>\n The price started a fresh increase above the $3,000 resistance. Ether even climbed above the $3,050 level. A high is formed near $3,080 and the price is now consolidating gains. There was a minor drop below the $3,050 level. The price declined below the 23.6% Fib retracement level of the upward move from the $2,926 swing low to $3,080 high.<\/p>\n ETH is now consolidating near $3,000 and is well above the 100 hourly simple moving average<\/a>. There is also a key bullish trend line forming with support near $2,985 on the hourly chart of ETH\/USD.<\/p>\n <\/a><\/p>\n On the upside, an initial resistance is near the $3,065 level. The first major resistance is near the $3,080 level. Ether price must clear the $3,080 resistance level to start another increase. In the stated case, the price may perhaps rise towards the $3,120 level. Any more gains might call for a move towards the $3,250 resistance zone in the coming sessions.<\/p>\n If ethereum fails to start a fresh increase above the $3,080 level, it could start a downside correction. An initial support on the downside is near the $3,000 zone.<\/p>\n The next major support is near the $2,980 level and the trend line. A downside break below the $2,980 support zone might push the price further lower. In the stated case, the price might drop to $2,920.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now losing pace in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n Major Support Level \u2013 $2,980<\/p>\n Major Resistance Level \u2013 $3,080<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum is moving higher above $3,000 against the US Dollar. ETH price could gain pace if there is a clear move above the $3,080 resistance. Ethereum remained well supported near the $2,900 support zone. The price is now trading above $2,920 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $2,985 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is consolidating near $3,000 and might extend rally in the near term. Ethereum Price Eyes More Gains Ethereum corrected lower below the $2,950 support zone. However, ETH remained supported near the $2,900 zone and the price is still well above the 100 hourly simple moving average. The price started a fresh increase above the $3,000 resistance. Ether even climbed above the $3,050 level. A high is formed near $3,080 and the price is now consolidating gains. There was a minor drop below the $3,050 level. The price declined below the 23.6% Fib retracement level of the upward move from the $2,926 swing low to $3,080 high. ETH is now consolidating near $3,000 and is well above the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $2,985 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com On the upside, an initial resistance is near the $3,065 level. The first major resistance is near the $3,080 level. Ether price must clear the $3,080 resistance level to start another increase. In the stated case, the price may perhaps rise towards the $3,120 level. Any more gains might call for a move towards the $3,250 resistance zone in the coming sessions. Downside Break in ETH? If ethereum fails to start a fresh increase above the $3,080 level, it could start a downside correction. An initial support on the downside is near the $3,000 zone. The next major support is near the $2,980 level and the trend line. A downside break below the $2,980 support zone might push the price further lower. In the stated case, the price might drop to $2,920. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now losing pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $2,980 Major Resistance Level \u2013 $3,080<\/p>\n","protected":false},"author":67,"featured_media":463156,"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-486775","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 Gains<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Downside Break in ETH?<\/h2>\n