{"id":611670,"date":"2024-06-06T03:28:49","date_gmt":"2024-06-06T03:28:49","guid":{"rendered":"https:\/\/wncen.com\/?p=611670"},"modified":"2024-06-11T06:45:14","modified_gmt":"2024-06-11T06:45:14","slug":"ethereum-price-green-3880","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-green-3880\/","title":{"rendered":"Ethereum Price Indicators Flash Green: More Upsides Ahead?"},"content":{"rendered":"<p><em>Ethereum price is slowly moving higher above the $3,800 resistance zone. ETH could gain bullish momentum if it clears the $3,880 and $3,920 resistance levels.<\/em><\/p>\n<ul>\n<li>Ethereum is holding gains above the $3,800 level.<\/li>\n<li>The price is trading above $3,840 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bullish trend line forming with support near $3,840 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could start a fresh increase unless there is a close below the $3,800 support.<\/li>\n<\/ul>\n<h2>Ethereum Price Eyes More Upsides<\/h2>\n<p>Ethereum price <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-stuck-3840\/\" target=\"_blank\" rel=\"noopener \">remained stable<\/a> above the $3,760 support zone. ETH formed a base and started another increase above the $3,800 level like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-green-70k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>There was a move above the $3,820 level and $3,840. The price tested the $3,880 resistance zone. A high was formed at $3,884 and the price is now consolidating gains in a range. It already tested the 23.6% Fib retracement level of the upward move from the $3,729 swing low to the $3,884 high.<\/p>\n<p>Ethereum is now trading above $3,800 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $3,840 on the hourly chart of ETH\/USD.<\/p>\n<p>If there is another increase, ETH might face resistance near the $3,880 level. The first major resistance is near the $3,920 level. An upside break above the $3,920 resistance might send the price higher. The next key resistance sits at $4,000, above which the price might gain traction and rise toward the $4,080 level.<\/p>\n<figure id=\"attachment_611671\" aria-describedby=\"caption-attachment-611671\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Ethereum_a5af93.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-611671 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Ethereum_a5af93.png?resize=1024%2C449\" alt=\"Ethereum Price\" width=\"1024\" height=\"449\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Ethereum_a5af93.png?w=1950 1950w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Ethereum_a5af93.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Ethereum_a5af93.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Ethereum_a5af93.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Ethereum_a5af93.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Ethereum_a5af93.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Ethereum_a5af93.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-611671\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>If the bulls push Ether above the $4,080 level, the price might rise and test the $4,200 resistance. Any more gains could send Ether toward the $4,320 resistance zone.<\/p>\n<h2>Are Dips Supported In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,880 resistance, it could start a downside correction. Initial support on the downside is near $3,840 and the trend line.<\/p>\n<p>The next major support is near the $3,800 zone and the 50% Fib retracement level of the upward move from the $3,729 swing low to the $3,884 high. A clear move below the $3,800 support might push the price toward $3,720. Any more losses might send the price toward the $3,650 level in the near term.<\/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 zone.<\/p>\n<p>Major Support Level \u2013 $3,800<\/p>\n<p>Major Resistance Level \u2013 $3,880<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is slowly moving higher above the $3,800 resistance zone. ETH could gain bullish momentum if it clears the $3,880 and $3,920 resistance levels. Ethereum is holding gains above the $3,800 level. The price is trading above $3,840 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $3,840 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below the $3,800 support. Ethereum Price Eyes More Upsides Ethereum price remained stable above the $3,760 support zone. ETH formed a base and started another increase above the $3,800 level like Bitcoin. There was a move above the $3,820 level and $3,840. The price tested the $3,880 resistance zone. A high was formed at $3,884 and the price is now consolidating gains in a range. It already tested the 23.6% Fib retracement level of the upward move from the $3,729 swing low to the $3,884 high. Ethereum is now trading above $3,800 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $3,840 on the hourly chart of ETH\/USD. If there is another increase, ETH might face resistance near the $3,880 level. The first major resistance is near the $3,920 level. An upside break above the $3,920 resistance might send the price higher. The next key resistance sits at $4,000, above which the price might gain traction and rise toward the $4,080 level. If the bulls push Ether above the $4,080 level, the price might rise and test the $4,200 resistance. Any more gains could send Ether toward the $4,320 resistance zone. Are Dips Supported In ETH? If Ethereum fails to clear the $3,880 resistance, it could start a downside correction. Initial support on the downside is near $3,840 and the trend line. The next major support is near the $3,800 zone and the 50% Fib retracement level of the upward move from the $3,729 swing low to the $3,884 high. A clear move below the $3,800 support might push the price toward $3,720. Any more losses might send the price toward the $3,650 level in the near term. 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 zone. Major Support Level \u2013 $3,800 Major Resistance Level \u2013 $3,880<\/p>\n","protected":false},"author":67,"featured_media":611672,"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-611670","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 Indicators Flash Green: More Upsides Ahead?<\/title>\n<meta name=\"description\" content=\"Ethereum price is slowly moving higher above the $3,800 resistance zone. 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