{"id":576793,"date":"2024-02-26T04:29:02","date_gmt":"2024-02-26T04:29:02","guid":{"rendered":"https:\/\/wncen.com\/?p=576793"},"modified":"2024-06-11T07:37:22","modified_gmt":"2024-06-11T07:37:22","slug":"ethereum-price-climbs-3000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-climbs-3000\/","title":{"rendered":"Ethereum Price Climbs Toward $3,200 And Bulls Are Just Getting Started"},"content":{"rendered":"<p><em>Ethereum price is outperforming Bitcoin with a move above $3,000. ETH is showing bullish signs and might soon climb above the $3,200 resistance.<\/em><\/p>\n<ul>\n<li>Ethereum started a fresh increase above the $3,000 resistance zone.<\/li>\n<li>The price is trading above $3,050 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bullish trend line forming with support at $3,080 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could extend its increase toward $3,200 or even $3,250 in the near term.<\/li>\n<\/ul>\n<h2>Ethereum Price Outperforms Bitcoin<\/h2>\n<p>Ethereum price remained stable above the $2,880 support zone. ETH formed a base and started a fresh increase above the $3,000 resistance. It gained nearly 5% and outperformed <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-stuck-52k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>A new multi-week high is formed near $3,121 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward wave from the $2,907 swing low to the $3,121 high. There is also a key bullish trend line forming with support at $3,080 on the hourly chart of ETH\/USD.<\/p>\n<p>Ethereum is now trading above $3,085 and the <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-eth-surge-3200\/\" target=\"_blank\" rel=\"noopener \">100-hourly Simple Moving Average<\/a>. Immediate resistance on the upside is near the $3,120 level. The first major resistance is near the $3,150 level.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_511c90.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-576794\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_511c90.png?resize=1024%2C461\" alt=\"Ethereum Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_511c90.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_511c90.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_511c90.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_511c90.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_511c90.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_511c90.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_511c90.png?w=1140 1140w\" sizes=\"(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>The next major resistance is near $3,200, above which the price might gain bullish momentum. If there is a move above the $3,200 resistance, Ether could even rally toward the $3,280 resistance. Any more gains might call for a test of $3,320.<\/p>\n<h2>Are Dips Supported In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,120 resistance, it could start a downside correction. Initial support on the downside is near the $3,080 level and the trend line.<\/p>\n<p>The first major support is near the $3,000 zone. It is close to the 50% Fib retracement level of the upward wave from the $2,907 swing low to the $3,121 high, below which Ether might test the 100-hourly Simple Moving Average. The next key support could be the $2,960 zone. A clear move below the $2,960 support might send the price toward $2,920. Any more losses might send the price toward the $2,860 level.<\/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 above the 50 level.<\/p>\n<p>Major Support Level \u2013 $3,000<\/p>\n<p>Major Resistance Level \u2013 $3,120<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is outperforming Bitcoin with a move above $3,000. ETH is showing bullish signs and might soon climb above the $3,200 resistance. Ethereum started a fresh increase above the $3,000 resistance zone. The price is trading above $3,050 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,080 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could extend its increase toward $3,200 or even $3,250 in the near term. Ethereum Price Outperforms Bitcoin Ethereum price remained stable above the $2,880 support zone. ETH formed a base and started a fresh increase above the $3,000 resistance. It gained nearly 5% and outperformed Bitcoin. A new multi-week high is formed near $3,121 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward wave from the $2,907 swing low to the $3,121 high. There is also a key bullish trend line forming with support at $3,080 on the hourly chart of ETH\/USD. Ethereum is now trading above $3,085 and the 100-hourly Simple Moving Average. Immediate resistance on the upside is near the $3,120 level. The first major resistance is near the $3,150 level. Source: ETHUSD on TradingView.com The next major resistance is near $3,200, above which the price might gain bullish momentum. If there is a move above the $3,200 resistance, Ether could even rally toward the $3,280 resistance. Any more gains might call for a test of $3,320. Are Dips Supported In ETH? If Ethereum fails to clear the $3,120 resistance, it could start a downside correction. Initial support on the downside is near the $3,080 level and the trend line. The first major support is near the $3,000 zone. It is close to the 50% Fib retracement level of the upward wave from the $2,907 swing low to the $3,121 high, below which Ether might test the 100-hourly Simple Moving Average. The next key support could be the $2,960 zone. A clear move below the $2,960 support might send the price toward $2,920. Any more losses might send the price toward the $2,860 level. 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 above the 50 level. Major Support Level \u2013 $3,000 Major Resistance Level \u2013 $3,120<\/p>\n","protected":false},"author":67,"featured_media":529299,"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-576793","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 Climbs Toward $3,200 And Bulls Are Just Getting Started<\/title>\n<meta name=\"description\" content=\"Ethereum price is outperforming Bitcoin with a move above $3,000. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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 Climbs Toward $3,200 And Bulls Are Just Getting Started","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-climbs-3000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-price-climbs-3000\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/iStock-1389493567.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/iStock-1389493567.jpg?fit=1254%2C836"},"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":"2024-02-26T04:29:02Z","datePublished":"2024-02-26T04:29:02Z","dateModified":"2024-06-11T07:37:22Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Climbs Toward $3,200 And Bulls Are Just Getting Started\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-climbs-3000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-price-climbs-3000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/iStock-1389493567.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/iStock-1389493567.jpg?fit=1254%2C836\"},\"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\":\"2024-02-26T04:29:02Z\",\"datePublished\":\"2024-02-26T04:29:02Z\",\"dateModified\":\"2024-06-11T07:37:22Z\"}<\/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\/2023\/05\/iStock-1389493567.jpg?fit=1254%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/576793"}],"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=576793"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/576793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/529299"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=576793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=576793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=576793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}