{"id":600655,"date":"2024-04-01T04:07:21","date_gmt":"2024-04-01T04:07:21","guid":{"rendered":"https:\/\/wncen.com\/?p=600655"},"modified":"2024-06-11T07:56:07","modified_gmt":"2024-06-11T07:56:07","slug":"ethereum-price-stays-bullish-3550","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-stays-bullish-3550\/","title":{"rendered":"Ethereum Price Stays Bullish As Indicators Point To Fresh Upside"},"content":{"rendered":"<p><em>Ethereum price is signaling positive moves above the $3,550 zone. ETH could gain bullish momentum if it clears the $3,650 resistance zone in the near term.<\/em><\/p>\n<ul>\n<li>Ethereum started another increase from the $3,500 support zone.<\/li>\n<li>The price is trading above $3,550 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bullish trend line forming with support at $3,550 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 $3,650 resistance zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Could Accelerate Higher<\/h2>\n<p>Ethereum price remained strong above the $3,500 zone. ETH formed a base and recently started a fresh increase above the $3,600 resistance zone, like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-consolidates-70k-2\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>However, the bears are still active near the <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-lift-off-4k\/\" target=\"_blank\" rel=\"noopener \">$3,650 and $3,680 resistance levels<\/a>. A high was formed near $3,654 and the price is now consolidating gains. It moved a few points lower and traded below the 23.6% Fib retracement level of the upward move from the $3,491 swing low to the $3,654 high.<\/p>\n<p>Ethereum is still trading above $3,550 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,550 on the hourly chart of ETH\/USD. The trend line is close to the 61.8% Fib retracement level of the upward move from the $3,491 swing low to the $3,654 high.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Ethereum.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-600656\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Ethereum.png?resize=1024%2C461\" alt=\"Ethereum Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Ethereum.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Ethereum.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Ethereum.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Ethereum.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Ethereum.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Ethereum.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Ethereum.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>On the upside, immediate resistance is near the $3,630 level. The first major resistance is near the $3,650 level. 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 $3,800 resistance, Ethereum could even climb toward the $3,880 resistance. Any more gains might call for a test of $4,000.<\/p>\n<h2>Are Dips Limited In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,650 resistance, it could start another decline. Initial support on the downside is near the $3,600 level.<\/p>\n<p>The first major support is near the $3,575 zone. The next key support could be the $3,550 zone and the trend line. A clear move below the $3,550 support might send the price toward $3,440. Any more losses might send the price toward the $3,320 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 $3,550<\/p>\n<p>Major Resistance Level \u2013 $3,650<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is signaling positive moves above the $3,550 zone. ETH could gain bullish momentum if it clears the $3,650 resistance zone in the near term. Ethereum started another increase from the $3,500 support zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,550 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the $3,650 resistance zone. Ethereum Price Could Accelerate Higher Ethereum price remained strong above the $3,500 zone. ETH formed a base and recently started a fresh increase above the $3,600 resistance zone, like Bitcoin. However, the bears are still active near the $3,650 and $3,680 resistance levels. A high was formed near $3,654 and the price is now consolidating gains. It moved a few points lower and traded below the 23.6% Fib retracement level of the upward move from the $3,491 swing low to the $3,654 high. Ethereum is still trading above $3,550 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,550 on the hourly chart of ETH\/USD. The trend line is close to the 61.8% Fib retracement level of the upward move from the $3,491 swing low to the $3,654 high. Source: ETHUSD on TradingView.com On the upside, immediate resistance is near the $3,630 level. The first major resistance is near the $3,650 level. 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 $3,800 resistance, Ethereum could even climb toward the $3,880 resistance. Any more gains might call for a test of $4,000. Are Dips Limited In ETH? If Ethereum fails to clear the $3,650 resistance, it could start another decline. Initial support on the downside is near the $3,600 level. The first major support is near the $3,575 zone. The next key support could be the $3,550 zone and the trend line. A clear move below the $3,550 support might send the price toward $3,440. Any more losses might send the price toward the $3,320 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 $3,550 Major Resistance Level \u2013 $3,650<\/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-600655","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 Stays Bullish As Indicators Point To Fresh Upside<\/title>\n<meta name=\"description\" content=\"Ethereum price is signaling positive moves above the $3,550 zone. 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