{"id":574788,"date":"2024-02-13T04:42:28","date_gmt":"2024-02-13T04:42:28","guid":{"rendered":"https:\/\/wncen.com\/?p=574788"},"modified":"2024-06-11T08:30:54","modified_gmt":"2024-06-11T08:30:54","slug":"ethereum-price-rallies-2700","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-rallies-2700\/","title":{"rendered":"Ethereum Price Rallies 5%, Why ETH Bulls Could Aim For $3K This Month"},"content":{"rendered":"<p><em>Ethereum price is up over 5% and there was a push toward $2,700. ETH is consolidating gains and might aim for a move toward $2,800 or $3,000.<\/em><\/p>\n<ul>\n<li>Ethereum is consolidating gains below the $2,700 resistance zone.<\/li>\n<li>The price is trading above $2,600 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a bullish flag pattern with resistance at $2,500 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could start a fresh increase if it stays above the $2,630 support zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Starts Fresh Surge<\/h2>\n<p>Ethereum price remained stable above the $2,420 resistance. ETH formed a base and started a fresh increase above the $2,500 resistance, outperforming <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-revisits-50k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>There was a break above a bullish flag pattern with resistance at $2,500 on the hourly chart of ETH\/USD. The pair gained over 5% and there was a clear move above the $2,600 resistance. It even moved toward the $2,700 level. A high was formed near $2,681 and the price is now consolidating gains.<\/p>\n<p>There was a minor decline below the $2,660 level. Ethereum is still trading above the 23.6% Fib retracement level of the recent rally from the $2,472 swing low to the $2,681 high. It is also trading above $2,620 and the <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-signals-exhaustion-2550\/\" target=\"_blank\" rel=\"noopener \">100-hourly Simple Moving Average<\/a>.<\/p>\n<p>If there is a fresh increase, the price could surge above the $2,660 level. On the upside, the first major resistance is near the $2,680 level. The next major resistance is near $2,720, above which the price might rise and test the $2,800 resistance.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_e03076.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-574789\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_e03076.png?resize=1024%2C461\" alt=\"Ethereum Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_e03076.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_e03076.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_e03076.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_e03076.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_e03076.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_e03076.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Ethereum_e03076.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>If the bulls remain in action, they could even push the price above the $2,800 resistance. In the stated case, the price could rise toward the $3,000 level.<\/p>\n<h2>Are Dips Limited In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,680 resistance, it could start a downside correction. Initial support on the downside is near the $2,630 level.<\/p>\n<p>The next key support could be the $2,600 zone. A clear move below the $2,600 support might send the price toward $2,575 or the 50% Fib retracement level of the recent rally from the $2,472 swing low to the $2,681 high. The main support could be $2,520 or the 100 hourly SMA. Any more losses might send the price toward the $2,400 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 $2,630<\/p>\n<p>Major Resistance Level \u2013 $2,680<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is up over 5% and there was a push toward $2,700. ETH is consolidating gains and might aim for a move toward $2,800 or $3,000. Ethereum is consolidating gains below the $2,700 resistance zone. The price is trading above $2,600 and the 100-hourly Simple Moving Average. There was a break above a bullish flag pattern with resistance at $2,500 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,630 support zone. Ethereum Price Starts Fresh Surge Ethereum price remained stable above the $2,420 resistance. ETH formed a base and started a fresh increase above the $2,500 resistance, outperforming Bitcoin. There was a break above a bullish flag pattern with resistance at $2,500 on the hourly chart of ETH\/USD. The pair gained over 5% and there was a clear move above the $2,600 resistance. It even moved toward the $2,700 level. A high was formed near $2,681 and the price is now consolidating gains. There was a minor decline below the $2,660 level. Ethereum is still trading above the 23.6% Fib retracement level of the recent rally from the $2,472 swing low to the $2,681 high. It is also trading above $2,620 and the 100-hourly Simple Moving Average. If there is a fresh increase, the price could surge above the $2,660 level. On the upside, the first major resistance is near the $2,680 level. The next major resistance is near $2,720, above which the price might rise and test the $2,800 resistance. Source: ETHUSD on TradingView.com If the bulls remain in action, they could even push the price above the $2,800 resistance. In the stated case, the price could rise toward the $3,000 level. Are Dips Limited In ETH? If Ethereum fails to clear the $2,680 resistance, it could start a downside correction. Initial support on the downside is near the $2,630 level. The next key support could be the $2,600 zone. A clear move below the $2,600 support might send the price toward $2,575 or the 50% Fib retracement level of the recent rally from the $2,472 swing low to the $2,681 high. The main support could be $2,520 or the 100 hourly SMA. Any more losses might send the price toward the $2,400 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 $2,630 Major Resistance Level \u2013 $2,680<\/p>\n","protected":false},"author":67,"featured_media":510835,"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-574788","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 Rallies 5%, Why ETH Bulls Could Aim For $3K This Month<\/title>\n<meta name=\"description\" content=\"Ethereum price is up over 5% and there was a push toward $2,700. 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