{"id":597556,"date":"2024-03-13T04:00:29","date_gmt":"2024-03-13T04:00:29","guid":{"rendered":"https:\/\/wncen.com\/?p=597556"},"modified":"2024-06-11T08:03:29","modified_gmt":"2024-06-11T08:03:29","slug":"ethereum-price-dips-3830","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-dips-3830\/","title":{"rendered":"Ethereum Price Dips Attractive As Bulls Aim For Move Above $4,200"},"content":{"rendered":"<p><em>Ethereum price is consolidating near the $4,000 zone. ETH is again moving higher as the bulls seem to be aiming for a move above the $4,200 level.<\/em><\/p>\n<ul>\n<li>Ethereum traded to a new multi-month high above $4,080 before correcting lower.<\/li>\n<li>The price is trading above $4,000 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a key contracting triangle with resistance at $4,025 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could resume its increase if it clears the $4,085 resistance zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Regains Strength<\/h2>\n<p>Ethereum price spiked above the $4,000 resistance zone, like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-faces-big-move-75k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>. ETH traded to a new multi-month high above $4,050 before there was a downside correction.<\/p>\n<p>The price declined below the $4,000 level, but the bulls were active near the $3,850 zone. A low was formed at $3,830 and the price is now rising. There was a move above the $4,000 resistance. The price cleared the 50% Fib retracement level of the recent decline from the $4,088 swing high to the $3,830 low.<\/p>\n<p>Ethereum price is now trading above $4,000 and the <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-uptrend-4300\/\" target=\"_blank\" rel=\"noopener \">100-hourly Simple Moving Average<\/a>. There was a break above a key contracting triangle with resistance at $4,025 on the hourly chart of ETH\/USD.<\/p>\n<p>It is now showing positive signs above the 76.4% Fib retracement level of the recent decline from the $4,088 swing high to the $3,830 low. If the pair stays above the $4,020 level, it could attempt another increase. Immediate resistance on the upside is near the $4,085 level.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_db2c92.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-597557\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_db2c92.png?resize=1024%2C461\" alt=\"Ethereum Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_db2c92.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_db2c92.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_db2c92.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_db2c92.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_db2c92.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_db2c92.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_db2c92.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 first major resistance is near the $4,120 level. The next major resistance is near $4,150, above which the price might gain bullish momentum. In the stated case, Ether could rally toward the $4,280 level. If there is a move above the $4,280 resistance, Ethereum could even rise toward the $4,350 resistance. Any more gains might call for a test of $4,500.<\/p>\n<h2>Are Dips Limited In ETH?<\/h2>\n<p>If Ethereum fails to clear the $4,085 resistance, it could start a downside correction. Initial support on the downside is near the $4,020 level.<\/p>\n<p>The first major support is near the $3,965 zone or 100 hourly SMA. The next key support could be the $3,880 zone. A clear move below the $3,880 support might send the price toward $3,830. Any more losses might send the price toward the $3,740 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is gaining 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 $3,965<\/p>\n<p>Major Resistance Level \u2013 $4,085<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is consolidating near the $4,000 zone. ETH is again moving higher as the bulls seem to be aiming for a move above the $4,200 level. Ethereum traded to a new multi-month high above $4,080 before correcting lower. The price is trading above $4,000 and the 100-hourly Simple Moving Average. There was a break above a key contracting triangle with resistance at $4,025 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could resume its increase if it clears the $4,085 resistance zone. Ethereum Price Regains Strength Ethereum price spiked above the $4,000 resistance zone, like Bitcoin. ETH traded to a new multi-month high above $4,050 before there was a downside correction. The price declined below the $4,000 level, but the bulls were active near the $3,850 zone. A low was formed at $3,830 and the price is now rising. There was a move above the $4,000 resistance. The price cleared the 50% Fib retracement level of the recent decline from the $4,088 swing high to the $3,830 low. Ethereum price is now trading above $4,000 and the 100-hourly Simple Moving Average. There was a break above a key contracting triangle with resistance at $4,025 on the hourly chart of ETH\/USD. It is now showing positive signs above the 76.4% Fib retracement level of the recent decline from the $4,088 swing high to the $3,830 low. If the pair stays above the $4,020 level, it could attempt another increase. Immediate resistance on the upside is near the $4,085 level. Source: ETHUSD on TradingView.com The first major resistance is near the $4,120 level. The next major resistance is near $4,150, above which the price might gain bullish momentum. In the stated case, Ether could rally toward the $4,280 level. If there is a move above the $4,280 resistance, Ethereum could even rise toward the $4,350 resistance. Any more gains might call for a test of $4,500. Are Dips Limited In ETH? If Ethereum fails to clear the $4,085 resistance, it could start a downside correction. Initial support on the downside is near the $4,020 level. The first major support is near the $3,965 zone or 100 hourly SMA. The next key support could be the $3,880 zone. A clear move below the $3,880 support might send the price toward $3,830. Any more losses might send the price toward the $3,740 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $3,965 Major Resistance Level \u2013 $4,085<\/p>\n","protected":false},"author":67,"featured_media":530007,"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-597556","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 Dips Attractive As Bulls Aim For Move Above $4,200<\/title>\n<meta name=\"description\" content=\"Ethereum price is consolidating near the $4,000 zone. 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