Ethereum Price Faces Big Move \u2013 Can Bulls Send ETH To $2,500?<\/title>\n<meta name=\"description\" content=\"Ethereum price gained traction and climbed above $2,350. ETH is now showing positive signs and might extend gains toward the $2,500 level.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-big-move-2500\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Price Faces Big Move \u2013 Can Bulls Send ETH To $2,500?\" \/>\n<meta property=\"og:description\" content=\"Ethereum price gained traction and climbed above $2,350. 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{"id":573727,"date":"2024-02-07T04:41:18","date_gmt":"2024-02-07T04:41:18","guid":{"rendered":"https:\/\/wncen.com\/?p=573727"},"modified":"2024-06-11T08:16:01","modified_gmt":"2024-06-11T08:16:01","slug":"ethereum-price-big-move-2500","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-big-move-2500\/","title":{"rendered":"Ethereum Price Faces Big Move \u2013 Can Bulls Send ETH To $2,500?"},"content":{"rendered":"

Ethereum price gained traction and climbed above $2,350. ETH is now showing positive signs and might extend gains toward the $2,500 level.<\/em><\/p>\n

\n
Ethereum is gaining bullish momentum above the $2,350 zone.<\/li>\n
The price is trading above $2,320 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break above a key rising channel forming with resistance near $2,350 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair might correct lower, but dips could be limited below the $2,335 support zone.<\/li>\n<\/ul>\n
Ethereum Price Turns Green<\/h2>\n
Ethereum price formed a base above the $2,220 level and started a decent increase. ETH outperformed Bitcoin<\/a> and was able to clear a few hurdles near the $2,350 level.<\/p>\n
There was a break above a key rising channel forming<\/a> with resistance near $2,350 on the hourly chart of ETH\/USD. The bulls pumped the pair toward the $2,400 level. A high was formed near $2,389 and the price is now consolidating gains.<\/p>\n
There was a minor decline below the $2,365 level. Ether dipped below the 23.6% Fib retracement level of the recent increase from the $2,282 swing low to the $2,389 high.<\/p>\n
Ethereum is now trading above $2,320 and the 100-hourly Simple Moving Average. On the upside, the first major resistance is near the $2,380 level. The next major resistance is near $2,420, above which the price might rise and test the $2,485 resistance.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
If the bulls remain in action, they could even pump the price above the $2,550 resistance. In the stated case, the price could rise toward the $2,550 level.<\/p>\n
Another Drop in ETH?<\/h2>\n
If Ethereum fails to clear the $2,380 resistance, it could start a downside correction. Initial support on the downside is near the $2,350 level and the channel trend line.<\/p>\n
The next key support could be the $2,335 zone or the 50% Fib retracement level of the recent increase from the $2,282 swing low to the $2,389 high. A clear move below the $2,335 support might send the price toward $2,250. The main support could be $2,220. Any more losses might send the price toward the $2,120 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum 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 $2,335<\/p>\n
Major Resistance Level \u2013 $2,380<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price gained traction and climbed above $2,350. ETH is now showing positive signs and might extend gains toward the $2,500 level. Ethereum is gaining bullish momentum above the $2,350 zone. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There was a break above a key rising channel forming with resistance near $2,350 on the hourly chart of ETH\/USD (data feed via Kraken). The pair might correct lower, but dips could be limited below the $2,335 support zone. Ethereum Price Turns Green Ethereum price formed a base above the $2,220 level and started a decent increase. ETH outperformed Bitcoin and was able to clear a few hurdles near the $2,350 level. There was a break above a key rising channel forming with resistance near $2,350 on the hourly chart of ETH\/USD. The bulls pumped the pair toward the $2,400 level. A high was formed near $2,389 and the price is now consolidating gains. There was a minor decline below the $2,365 level. Ether dipped below the 23.6% Fib retracement level of the recent increase from the $2,282 swing low to the $2,389 high. Ethereum is now trading above $2,320 and the 100-hourly Simple Moving Average. On the upside, the first major resistance is near the $2,380 level. The next major resistance is near $2,420, above which the price might rise and test the $2,485 resistance. Source: ETHUSD on TradingView.com If the bulls remain in action, they could even pump the price above the $2,550 resistance. In the stated case, the price could rise toward the $2,550 level. Another Drop in ETH? If Ethereum fails to clear the $2,380 resistance, it could start a downside correction. Initial support on the downside is near the $2,350 level and the channel trend line. The next key support could be the $2,335 zone or the 50% Fib retracement level of the recent increase from the $2,282 swing low to the $2,389 high. A clear move below the $2,335 support might send the price toward $2,250. The main support could be $2,220. Any more losses might send the price toward the $2,120 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $2,335 Major Resistance Level \u2013 $2,380<\/p>\n","protected":false},"author":67,"featured_media":510573,"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":[65296,1946,8686,78803],"class_list":["post-573727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Faces Big Move \u2013 Can Bulls Send ETH To $2,500?<\/title>\n<meta name=\"description\" content=\"Ethereum price gained traction and climbed above $2,350. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Price Faces Big Move \u2013 Can Bulls Send ETH To $2,500?","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-big-move-2500\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-big-move-2500\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/11\/iStock-952510084.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/11\/iStock-952510084.jpg?fit=1481%2C708"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ethbtc","ethereum","ethusd","ethusdt"],"dateCreated":"2024-02-07T04:41:18Z","datePublished":"2024-02-07T04:41:18Z","dateModified":"2024-06-11T08:16:01Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Faces Big Move \\u2013 Can Bulls Send ETH To $2,500?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-big-move-2500\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-big-move-2500\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/iStock-952510084.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/iStock-952510084.jpg?fit=1481%2C708\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ethbtc\",\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2024-02-07T04:41:18Z\",\"datePublished\":\"2024-02-07T04:41:18Z\",\"dateModified\":\"2024-06-11T08:16:01Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/11\/iStock-952510084.jpg?fit=1481%2C708","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/573727"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=573727"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/573727\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/510573"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=573727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=573727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=573727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}