{"id":483708,"date":"2022-02-15T05:38:57","date_gmt":"2022-02-15T05:38:57","guid":{"rendered":"https:\/\/wncen.com\/?p=483708"},"modified":"2024-06-11T14:11:31","modified_gmt":"2024-06-11T14:11:31","slug":"ethereum-overcome-hurdles-3k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-overcome-hurdles-3k\/","title":{"rendered":"TA: Ethereum Overcome Hurdles, Why 100 SMA Is The Key"},"content":{"rendered":"
Ethereum found support near $2,830 and recovered losses against the US Dollar. ETH price could continue to rise if it stays above the 100 hourly SMA.<\/em><\/p>\n Ethereum started a downside correction below the $3,000 support zone<\/a> and the 100 hourly simple moving average. However, ETH found support near $2,830 and formed a base for a fresh increase.<\/p>\n The price climbed above the $2,900 and $2,920 resistance levels. There was a move above the 23.6% Fib retracement level of the key decline from the $3,283 swing high to $2,832 low. Besides, there was a break above a major declining channel with resistance near $2,920 on the hourly chart of ETH\/USD.<\/p>\n Ether is now trading above $3,000 and the 100 hourly simple moving average<\/a>. An immediate resistance is near the $3,040 level. The first major resistance is near the $3,060 level.<\/p>\n <\/a><\/p>\n It coincides with the 50% Fib retracement level of the key decline from the $3,283 swing high to $2,832 low. A successful close above $3,060 might start another increase. In the stated case, the price could surpass the $3,100 and $3,110 levels. Any more gains might send the price towards the $3,250 level. An intermediate resistance is near the $3,200 level.<\/p>\n If ethereum fails to start a fresh increase above $3,050 or $3,060, it could start a fresh decline. An initial support on the downside is near the $2,980 level.<\/p>\n The next major support is near the $2,960 level and the 100 hourly simple moving average. A downside break below the $2,960 level might push the price towards the $2,920 level. The next major support is near the $2,850 level, below which there is a risk of a larger decline. In the stated case, the price could test $2,680.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing pace in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n Major Support Level \u2013 $2,960<\/p>\n Major Resistance Level \u2013 $3,060<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum found support near $2,830 and recovered losses against the US Dollar. ETH price could continue to rise if it stays above the 100 hourly SMA. Ethereum started a decent recovery wave above the $2,900 resistance zone. The price is now trading above $3,000 and the 100 hourly simple moving average. There was a break above a major declining channel with resistance near $2,920 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could extend increase if there is a clear move above $3,060. Ethereum Price Eyes Upside Break Ethereum started a downside correction below the $3,000 support zone and the 100 hourly simple moving average. However, ETH found support near $2,830 and formed a base for a fresh increase. The price climbed above the $2,900 and $2,920 resistance levels. There was a move above the 23.6% Fib retracement level of the key decline from the $3,283 swing high to $2,832 low. Besides, there was a break above a major declining channel with resistance near $2,920 on the hourly chart of ETH\/USD. Ether is now trading above $3,000 and the 100 hourly simple moving average. An immediate resistance is near the $3,040 level. The first major resistance is near the $3,060 level. Source: ETHUSD on TradingView.com It coincides with the 50% Fib retracement level of the key decline from the $3,283 swing high to $2,832 low. A successful close above $3,060 might start another increase. In the stated case, the price could surpass the $3,100 and $3,110 levels. Any more gains might send the price towards the $3,250 level. An intermediate resistance is near the $3,200 level. Fresh Decline in ETH? If ethereum fails to start a fresh increase above $3,050 or $3,060, it could start a fresh decline. An initial support on the downside is near the $2,980 level. The next major support is near the $2,960 level and the 100 hourly simple moving average. A downside break below the $2,960 level might push the price towards the $2,920 level. The next major support is near the $2,850 level, below which there is a risk of a larger decline. In the stated case, the price could test $2,680. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $2,960 Major Resistance Level \u2013 $3,060<\/p>\n","protected":false},"author":67,"featured_media":456906,"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":[1946,8686,78803],"class_list":["post-483708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price Eyes Upside Break<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Fresh Decline in ETH?<\/h2>\n