{"id":486862,"date":"2022-03-25T08:10:00","date_gmt":"2022-03-25T08:10:00","guid":{"rendered":"https:\/\/wncen.com\/?p=486862"},"modified":"2024-06-11T14:18:43","modified_gmt":"2024-06-11T14:18:43","slug":"ethereum-bulls-keep-pushing","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-bulls-keep-pushing\/","title":{"rendered":"TA: Ethereum Bulls Keep Pushing, Why Rally Isn\u2019t Over Yet"},"content":{"rendered":"
Ethereum is moving higher above $3,050 against the US Dollar. ETH price is trading in the green zone and might surge above $3,150.<\/em><\/p>\n Ethereum remained well bid above the $2,950 support zone<\/a>. ETH started another increase and cleared the $3,050 resistance.<\/p>\n There was also a clear move above the $3,120 level and the price settled above the 100 hourly simple moving average<\/a>. It traded to a new multi-week high at $3,147 and is currently showing positive signs. It is trading above the 23.6% Fib retracement level of the upward move from the $3,006 swing low to $3,147 high.<\/p>\n There is also a major bullish trend line forming with support near $3,050 on the hourly chart of ETH\/USD. On the upside, an initial resistance is near the $3,150 level.<\/p>\n <\/a><\/p>\n The next major resistance is near the $3,200 level. Ether price could start another surge if there is a clear move above the $3,200 resistance. In the stated case, the price may perhaps rise towards the $3,250 level. Any more gains might call for a move towards the $3,350 resistance zone in the coming sessions.<\/p>\n If ethereum fails to start a fresh increase above the $3,150 level, it could start a downside correction. An initial support on the downside is near the $3,110 zone. The next major support is near the $3,070 level. It is near the 50% Fib retracement level of the upward move from the $3,006 swing low to $3,147 high.<\/p>\n The main support is near the $3,050 zone and the trend line. A downside break below the $3,050 support zone might push the price further lower. In the stated case, the price might drop to $3,000.<\/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 60 level.<\/p>\n Major Support Level \u2013 $3,050<\/p>\n Major Resistance Level \u2013 $3,150<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum is moving higher above $3,050 against the US Dollar. ETH price is trading in the green zone and might surge above $3,150. Ethereum is slowly rising and showing positive signs above the $3,000 support zone. The price is now trading above $3,050 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,050 on the hourly chart of ETH\/USD (data feed via Kraken). The pair is consolidating near $3,150 and might extend rally in the near term. Ethereum Price Eyes More Upsides Ethereum remained well bid above the $2,950 support zone. ETH started another increase and cleared the $3,050 resistance. There was also a clear move above the $3,120 level and the price settled above the 100 hourly simple moving average. It traded to a new multi-week high at $3,147 and is currently showing positive signs. It is trading above the 23.6% Fib retracement level of the upward move from the $3,006 swing low to $3,147 high. There is also a major bullish trend line forming with support near $3,050 on the hourly chart of ETH\/USD. On the upside, an initial resistance is near the $3,150 level. Source: ETHUSD on TradingView.com The next major resistance is near the $3,200 level. Ether price could start another surge if there is a clear move above the $3,200 resistance. In the stated case, the price may perhaps rise towards the $3,250 level. Any more gains might call for a move towards the $3,350 resistance zone in the coming sessions. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $3,150 level, it could start a downside correction. An initial support on the downside is near the $3,110 zone. The next major support is near the $3,070 level. It is near the 50% Fib retracement level of the upward move from the $3,006 swing low to $3,147 high. The main support is near the $3,050 zone and the trend line. A downside break below the $3,050 support zone might push the price further lower. In the stated case, the price might drop to $3,000. 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 60 level. Major Support Level \u2013 $3,050 Major Resistance Level \u2013 $3,150<\/p>\n","protected":false},"author":67,"featured_media":458437,"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-486862","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