{"id":576465,"date":"2024-02-23T03:48:33","date_gmt":"2024-02-23T03:48:33","guid":{"rendered":"https:\/\/wncen.com\/?p=576465"},"modified":"2024-06-11T07:56:14","modified_gmt":"2024-06-11T07:56:14","slug":"ethereum-price-eth-surge-3200","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-eth-surge-3200\/","title":{"rendered":"Ethereum Price At Make-or-Break Levels, Can ETH Surge To $3,200?"},"content":{"rendered":"<p><em>Ethereum price is struggling below the $3,030 resistance. ETH is consolidating and might start a downside correction below the $2,930 support.<\/em><\/p>\n<ul>\n<li>Ethereum struggled to stay above the $3,000 level and corrected lower.<\/li>\n<li>The price is trading above $2,930 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bullish trend line forming with support at $2,930 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could start a fresh increase unless there is a clear move below $2,930.<\/li>\n<\/ul>\n<h2>Ethereum Price Hits Support<\/h2>\n<p>Ethereum price made another attempt to gain pace above the <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-retreats-from-3k\/\" target=\"_blank\" rel=\"noopener \">$3,000 resistance zone<\/a>. However, the bears were active above the $3,000 resistance. A new multi-week high is formed near $3,036 and the price started a downside correction, like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-accumulation-52k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>There was a move below the $3,000 and $2,980 levels. The price spiked below the 50% Fib retracement level of the upward move from the $2,865 swing low to the $3,036 high. However, the bulls are now active near the $2,940 level.<\/p>\n<p>Ethereum is now trading above $2,930 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2,930 on the hourly chart of ETH\/USD. The trend line is close to the 100-hourly Simple Moving Average and the 61.8% Fib retracement level of the upward move from the $2,865 swing low to the $3,036 high.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_f0677c.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-576466\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_f0677c.png?resize=1024%2C461\" alt=\"Ethereum Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_f0677c.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_f0677c.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_f0677c.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_f0677c.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_f0677c.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_f0677c.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_f0677c.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSD on TradingView.com<\/a><\/p>\n<p>Immediate resistance on the upside is near the $2,980 level. The first major resistance is near the $3,000 level. The next major resistance is near $3,035, above which the price might rise and test the $3,080 resistance zone. If there is a move above the $3,080 resistance, Ether could even rally toward the $3,200 resistance. Any more gains might call for a test of $3,250.<\/p>\n<h2>More Losses In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,000 resistance, it could continue to move down. Initial support on the downside is near the $2,930 level and the 100-hourly Simple Moving Average.<\/p>\n<p>The first major support is near the $2,865 level. The next key support could be the $2,820 zone. A clear move below the $2,820 support might send the price toward $2,720. Any more losses might send the price toward the $2,550 level in the coming days.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\n<p>Major Support Level \u2013 $2,865<\/p>\n<p>Major Resistance Level \u2013 $3,000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is struggling below the $3,030 resistance. ETH is consolidating and might start a downside correction below the $2,930 support. Ethereum struggled to stay above the $3,000 level and corrected lower. The price is trading above $2,930 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,930 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a fresh increase unless there is a clear move below $2,930. Ethereum Price Hits Support Ethereum price made another attempt to gain pace above the $3,000 resistance zone. However, the bears were active above the $3,000 resistance. A new multi-week high is formed near $3,036 and the price started a downside correction, like Bitcoin. There was a move below the $3,000 and $2,980 levels. The price spiked below the 50% Fib retracement level of the upward move from the $2,865 swing low to the $3,036 high. However, the bulls are now active near the $2,940 level. Ethereum is now trading above $2,930 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2,930 on the hourly chart of ETH\/USD. The trend line is close to the 100-hourly Simple Moving Average and the 61.8% Fib retracement level of the upward move from the $2,865 swing low to the $3,036 high. Source: ETHUSD on TradingView.com Immediate resistance on the upside is near the $2,980 level. The first major resistance is near the $3,000 level. The next major resistance is near $3,035, above which the price might rise and test the $3,080 resistance zone. If there is a move above the $3,080 resistance, Ether could even rally toward the $3,200 resistance. Any more gains might call for a test of $3,250. More Losses In ETH? If Ethereum fails to clear the $3,000 resistance, it could continue to move down. Initial support on the downside is near the $2,930 level and the 100-hourly Simple Moving Average. The first major support is near the $2,865 level. The next key support could be the $2,820 zone. A clear move below the $2,820 support might send the price toward $2,720. Any more losses might send the price toward the $2,550 level in the coming days. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $2,865 Major Resistance Level \u2013 $3,000<\/p>\n","protected":false},"author":67,"featured_media":457526,"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-576465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n<title>Ethereum Price At Make-or-Break Levels, Can ETH Surge To $3,200?<\/title>\n<meta name=\"description\" content=\"Ethereum price is struggling below the $3,030 resistance. 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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. 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