{"id":596859,"date":"2024-03-08T06:58:44","date_gmt":"2024-03-08T06:58:44","guid":{"rendered":"https:\/\/wncen.com\/?p=596859"},"modified":"2024-06-11T08:17:21","modified_gmt":"2024-06-11T08:17:21","slug":"ethereum-price-rally-4k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-rally-4k\/","title":{"rendered":"Ethereum Price (ETH) On The Path To Rally Past $4K"},"content":{"rendered":"<p><em>Ethereum price extended its increase toward $3,950. ETH is now consolidating gains and might aim for a move above the $4,000 resistance.<\/em><\/p>\n<ul>\n<li>Ethereum traded to a new multi-month high above $3,940.<\/li>\n<li>The price is trading above $3,850 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a short-term bullish flag pattern with resistance at $3,830 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could resume its increase if it clears the $3,940 resistance zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Remains In Strong Uptrend<\/h2>\n<p>Ethereum price extended its rally above the $3,850 level, unlike <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-reclaims-66k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>. BTC failed to extend gains above the $68,000 zone and is now consolidating gains. However, ETH silently moved higher above $3,850.<\/p>\n<p>There was a break above a short-term <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-consolidates-4k\/\" target=\"_blank\" rel=\"noopener \">bullish flag pattern<\/a> with resistance at $3,830 on the hourly chart of ETH\/USD. The pair broke the $3,900 resistance zone. It traded to a new multi-month high above $3,940 and recently started a consolidation phase.<\/p>\n<p>There was a pullback below the $3,900 level. The price tested the 23.6% Fib retracement level of the recent increase from the $3,716 swing low to the $3,943 high.<\/p>\n<p>Ethereum is now trading above $3,850 and the 100-hourly Simple Moving Average. Immediate resistance on the upside is near the $3,920 level. The first major resistance is near the $3,940 level. The next major resistance is near $4,000, above which the price might gain bullish momentum.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_cebcf1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-596860\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_cebcf1.png?resize=1024%2C461\" alt=\"Ethereum Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_cebcf1.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_cebcf1.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_cebcf1.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_cebcf1.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_cebcf1.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_cebcf1.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_cebcf1.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 stop for the bulls could be near the $4,080 level. If there is a move above the $4,080 resistance, Ether could even rally toward the $4,220 resistance. Any more gains might call for a test of $4,350.<\/p>\n<h2>Are Dips Limited In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,940 resistance, it could start another downside correction. Initial support on the downside is near the $3,850 level.<\/p>\n<p>The first major support is near the $3,800 zone or the 76.4% Fib retracement level of the recent increase from the $3,716 swing low to the $3,943 high. The next key support could be the $3,720 zone. A clear move below the $3,720 support might send the price toward $3,550. Any more losses might send the price toward the $3,400 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 $3,720<\/p>\n<p>Major Resistance Level \u2013 $3,940<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price extended its increase toward $3,950. ETH is now consolidating gains and might aim for a move above the $4,000 resistance. Ethereum traded to a new multi-month high above $3,940. The price is trading above $3,850 and the 100-hourly Simple Moving Average. There was a break above a short-term bullish flag pattern with resistance at $3,830 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could resume its increase if it clears the $3,940 resistance zone. Ethereum Price Remains In Strong Uptrend Ethereum price extended its rally above the $3,850 level, unlike Bitcoin. BTC failed to extend gains above the $68,000 zone and is now consolidating gains. However, ETH silently moved higher above $3,850. There was a break above a short-term bullish flag pattern with resistance at $3,830 on the hourly chart of ETH\/USD. The pair broke the $3,900 resistance zone. It traded to a new multi-month high above $3,940 and recently started a consolidation phase. There was a pullback below the $3,900 level. The price tested the 23.6% Fib retracement level of the recent increase from the $3,716 swing low to the $3,943 high. Ethereum is now trading above $3,850 and the 100-hourly Simple Moving Average. Immediate resistance on the upside is near the $3,920 level. The first major resistance is near the $3,940 level. The next major resistance is near $4,000, above which the price might gain bullish momentum. Source: ETHUSD on TradingView.com The next stop for the bulls could be near the $4,080 level. If there is a move above the $4,080 resistance, Ether could even rally toward the $4,220 resistance. Any more gains might call for a test of $4,350. Are Dips Limited In ETH? If Ethereum fails to clear the $3,940 resistance, it could start another downside correction. Initial support on the downside is near the $3,850 level. The first major support is near the $3,800 zone or the 76.4% Fib retracement level of the recent increase from the $3,716 swing low to the $3,943 high. The next key support could be the $3,720 zone. A clear move below the $3,720 support might send the price toward $3,550. Any more losses might send the price toward the $3,400 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 $3,720 Major Resistance Level \u2013 $3,940<\/p>\n","protected":false},"author":67,"featured_media":463650,"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-596859","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 (ETH) On The Path To Rally Past $4K<\/title>\n<meta name=\"description\" content=\"Ethereum price extended its increase toward $3,950. 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