{"id":600273,"date":"2024-03-29T04:14:24","date_gmt":"2024-03-29T04:14:24","guid":{"rendered":"https:\/\/wncen.com\/?p=600273"},"modified":"2024-06-11T08:08:04","modified_gmt":"2024-06-11T08:08:04","slug":"ethereum-price-lift-off-4k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-lift-off-4k\/","title":{"rendered":"Ethereum Price Gearing For Another Lift-Off to $4K: Increase Isn&#8217;t Over Yet"},"content":{"rendered":"<p><em>Ethereum price is holding gains above the $3,500 zone. ETH could gain bullish momentum if it clears the $3,680 resistance zone in the near term.<\/em><\/p>\n<ul>\n<li>Ethereum retested the $3,450 and is currently moving higher.<\/li>\n<li>The price is trading above $3,500 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $3,540 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could gain bullish momentum if it settles above the $3,680 resistance zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Eyes Fresh Increase<\/h2>\n<p>Ethereum price started another <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-bullish-streak-3680\/\" target=\"_blank\" rel=\"noopener \">downside correction<\/a> below the $3,550 zone. ETH retested the $3,450 zone before the bulls appeared, like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-faces-uphill-task-70k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>. A low was formed near $3,459 and the price recently climbed higher.<\/p>\n<p>There was a move above the $3,520 resistance zone. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $3,680 swing high to the $3,459 low. There was also a break above a key bearish trend line with resistance at $3,540 on the hourly chart of ETH\/USD.<\/p>\n<p>Ethereum is now trading above $3,520 and the 100-hourly Simple Moving Average. On the upside, immediate resistance is near the $3,600 level. The first major resistance is near the $3,630 level. It is near the 76.4% Fib retracement level of the downward move from the $3,680 swing high to the $3,459 low.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_de3c50.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-600274\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_de3c50.png?resize=1024%2C449\" alt=\"Ethereum Price\" width=\"1024\" height=\"449\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_de3c50.png?w=1950 1950w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_de3c50.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_de3c50.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_de3c50.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_de3c50.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_de3c50.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Ethereum_de3c50.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 key resistance sits at $3,680, above which the price might gain bullish momentum. In the stated case, Ether could rally toward the $3,800 level. If there is a move above the $3,880 resistance, Ethereum could even climb toward the $3,920 resistance. Any more gains might call for a test of $4,000.<\/p>\n<h2>Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,630 resistance, it could start another decline. Initial support on the downside is near the $3,540 level.<\/p>\n<p>The first major support is near the $3,480 zone. The next key support could be the $3,450 zone. A clear move below the $3,450 support might send the price toward $3,325. Any more losses might send the price toward the $3,250 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 $3,450<\/p>\n<p>Major Resistance Level \u2013 $3,680<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is holding gains above the $3,500 zone. ETH could gain bullish momentum if it clears the $3,680 resistance zone in the near term. Ethereum retested the $3,450 and is currently moving higher. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,540 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the $3,680 resistance zone. Ethereum Price Eyes Fresh Increase Ethereum price started another downside correction below the $3,550 zone. ETH retested the $3,450 zone before the bulls appeared, like Bitcoin. A low was formed near $3,459 and the price recently climbed higher. There was a move above the $3,520 resistance zone. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $3,680 swing high to the $3,459 low. There was also a break above a key bearish trend line with resistance at $3,540 on the hourly chart of ETH\/USD. Ethereum is now trading above $3,520 and the 100-hourly Simple Moving Average. On the upside, immediate resistance is near the $3,600 level. The first major resistance is near the $3,630 level. It is near the 76.4% Fib retracement level of the downward move from the $3,680 swing high to the $3,459 low. Source: ETHUSD on TradingView.com The next key resistance sits at $3,680, above which the price might gain bullish momentum. In the stated case, Ether could rally toward the $3,800 level. If there is a move above the $3,880 resistance, Ethereum could even climb toward the $3,920 resistance. Any more gains might call for a test of $4,000. Another Decline In ETH? If Ethereum fails to clear the $3,630 resistance, it could start another decline. Initial support on the downside is near the $3,540 level. The first major support is near the $3,480 zone. The next key support could be the $3,450 zone. A clear move below the $3,450 support might send the price toward $3,325. Any more losses might send the price toward the $3,250 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 $3,450 Major Resistance Level \u2013 $3,680<\/p>\n","protected":false},"author":67,"featured_media":504752,"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-600273","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 Gearing For Another Lift-Off to $4K: Increase Isn&#039;t Over Yet<\/title>\n<meta name=\"description\" content=\"Ethereum price is holding gains above the $3,500 zone. 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