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{"id":601108,"date":"2024-04-03T03:54:21","date_gmt":"2024-04-03T03:54:21","guid":{"rendered":"https:\/\/wncen.com\/?p=601108"},"modified":"2024-06-11T06:49:35","modified_gmt":"2024-06-11T06:49:35","slug":"ethereum-price-uptrend-3320","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-uptrend-3320\/","title":{"rendered":"Ethereum Price Uptrend To Restart? These Could Be Hurdles To Watch"},"content":{"rendered":"

Ethereum price extended its decline below the $3,320 support zone. ETH is now consolidating and might start a fresh increase if it clears $3,320.<\/em><\/p>\n

\n
Ethereum remained in a bearish zone and traded below the $3,320 support zone.<\/li>\n
The price is trading below $3,400 and the 100-hourly Simple Moving Average.<\/li>\n
There is a major bearish trend line forming with resistance near $3,320 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could gain bullish momentum if it settles above the $3,320 resistance zone.<\/li>\n<\/ul>\n
Ethereum Price Faces Resistance<\/h2>\n
Ethereum price remained in a bearish zone<\/a> below on the hourly timeframe below the $3,500 level. ETH extended its decline below the $3,320 support level, like Bitcoin<\/a>.<\/p>\n
It even spiked below $3,220. A low was formed at $3,215 and the price is now attempting a recovery wave. There was a move above the $3,250 level. It tested the 23.6% Fib retracement level of the downward wave from the $3,655 swing high to the $3,215 low.<\/p>\n
Ethereum is now trading below $3,400 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,320 level. There is also a major bearish trend line forming with resistance near $3,320 on the hourly chart of ETH\/USD.<\/p>\n
The first major resistance is near the $3,350 level. The next key resistance sits at $3,440 or the 50% Fib retracement level of the downward wave from the $3,655 swing high to the $3,215 low, above which the price might test the $3,500 level.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
The next key resistance is seen near the $3,550 level, above which Ether could gain bullish momentum. In the stated case, the price could rise toward the $3,680 hurdle. If there is a move above the $3,680 resistance, Ethereum could even climb toward the $3,780 resistance. Any more gains might call for a test of $3,850.<\/p>\n
Another Rejection In ETH?<\/h2>\n
If Ethereum fails to clear the $3,320 resistance, it could continue to move down. Initial support on the downside is near the $3,250 level.<\/p>\n
The first major support is near the $3,220 zone. The next key support could be the $3,120 zone. A clear move below the $3,120 support might send the price toward $3,040. Any more losses might send the price toward the $3,000 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bearish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\n
Major Support Level \u2013 $3,220<\/p>\n
Major Resistance Level \u2013 $3,320<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price extended its decline below the $3,320 support zone. ETH is now consolidating and might start a fresh increase if it clears $3,320. Ethereum remained in a bearish zone and traded below the $3,320 support zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $3,320 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the $3,320 resistance zone. Ethereum Price Faces Resistance Ethereum price remained in a bearish zone below on the hourly timeframe below the $3,500 level. ETH extended its decline below the $3,320 support level, like Bitcoin. It even spiked below $3,220. A low was formed at $3,215 and the price is now attempting a recovery wave. There was a move above the $3,250 level. It tested the 23.6% Fib retracement level of the downward wave from the $3,655 swing high to the $3,215 low. Ethereum is now trading below $3,400 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,320 level. There is also a major bearish trend line forming with resistance near $3,320 on the hourly chart of ETH\/USD. The first major resistance is near the $3,350 level. The next key resistance sits at $3,440 or the 50% Fib retracement level of the downward wave from the $3,655 swing high to the $3,215 low, above which the price might test the $3,500 level. Source: ETHUSD on TradingView.com The next key resistance is seen near the $3,550 level, above which Ether could gain bullish momentum. In the stated case, the price could rise toward the $3,680 hurdle. If there is a move above the $3,680 resistance, Ethereum could even climb toward the $3,780 resistance. Any more gains might call for a test of $3,850. Another Rejection In ETH? If Ethereum fails to clear the $3,320 resistance, it could continue to move down. Initial support on the downside is near the $3,250 level. The first major support is near the $3,220 zone. The next key support could be the $3,120 zone. A clear move below the $3,120 support might send the price toward $3,040. Any more losses might send the price toward the $3,000 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH\/USD is now below the 50 level. Major Support Level \u2013 $3,220 Major Resistance Level \u2013 $3,320<\/p>\n","protected":false},"author":67,"featured_media":461426,"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-601108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Uptrend To Restart? These Could Be Hurdles To Watch<\/title>\n<meta name=\"description\" content=\"Ethereum price extended its decline below the $3,320 support zone. 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