ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\nAn upside break above the $3,850 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,920 resistance zone or even $4,000 in the near term.<\/p>\n
Another Decline In ETH?<\/h2>\n If Ethereum fails to clear the $3,750 resistance, it could start another decline. Initial support on the downside is near the $3,660 level and the trend line. The first major support sits near the $3,620.<\/p>\n
A clear move below the $3,620 support might push the price toward the $3,550 support. Any more losses might send the price toward the $3,500 support level in the near term. The next key support sits at $3,420.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\nHourly RSI – <\/strong>The RSI for ETH\/USD is now above the 50 zone.<\/p>\nMajor Support Level \u2013 $3,660<\/p>\n
Major Resistance Level \u2013 $3,750<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price extended its increase above the $3,650 zone. ETH is consolidating and aims for a fresh increase above the $3,750 resistance. Ethereum started a decent recovery wave above the $3,700 zone. The price is trading above $3,650 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,660 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to rise if it clears the $3,750 resistance level. Ethereum Price Climbs Above $3,700 Ethereum price remained stable above the $3,550 level and extended its upward move like Bitcoin. ETH gained pace for a move above the $3,620 and $3,650 resistance levels. The bulls were able to surpass the $3,700 resistance level. It opened the doors for a move toward the $3,750 level. A high was formed at $3,742 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $3,593 swing low to the $3,742 high. Ethereum price is now trading above $3,660 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $3,660 on the hourly chart of ETH\/USD. The trend line is close to the 50% Fib retracement level of the upward move from the $3,593 swing low to the $3,742 high. On the upside, the price seems to be facing hurdles near the $3,710 level. The first major resistance is near the $3,750 level. The main resistance is now forming near $3,780. A clear move above the $3,780 resistance might send the price toward the $3,850 resistance. An upside break above the $3,850 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,920 resistance zone or even $4,000 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,750 resistance, it could start another decline. Initial support on the downside is near the $3,660 level and the trend line. The first major support sits near the $3,620. A clear move below the $3,620 support might push the price toward the $3,550 support. Any more losses might send the price toward the $3,500 support level in the near term. The next key support sits at $3,420. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 zone. Major Support Level \u2013 $3,660 Major Resistance Level \u2013 $3,750<\/p>\n","protected":false},"author":67,"featured_media":671752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83362],"tags":[65296,1946,8686,78803],"class_list":["post-671750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n
Ethereum Price Maintains Stability: Is a Move Higher Coming?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n