ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\nA close above the $3,650 level might send Ether toward the $3,700 resistance. The next key resistance is near $3,720. An upside break above the $3,720 resistance might send the price higher toward the $3,800 resistance zone in the coming days.<\/p>\n
Another Decline In ETH?<\/h2>\n If Ethereum fails to clear the $3,550 resistance, it could start a downside correction. Initial support on the downside is near $3,500. The first major support sits near the $3,470 zone and the 100-hourly Simple Moving Average.<\/p>\n
A clear move below the $3,470 support might push the price toward $3,440. Any more losses might send the price toward the $3,350 support level in the near term. The next key support sits at $3,320.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing 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 $3,500<\/p>\n
Major Resistance Level \u2013 $3,550<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price started a downside correction from the $3,500 resistance zone. ETH declined below $3,440 and might struggle to stay above $3,380. Ethereum is moving higher above the $3,500 zone. The price is trading above $3,520 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,450 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to rise if there is a clear move above the $3,565 resistance zone. Ethereum Price Reclaims $3,500 Ethereum price remained in a bullish zone above the $3,350 resistance zone. ETH extended its increase above the $3,500 resistance but lagged Bitcoin. There was a spike above the $3,550 level and the price traded as high as $3,563. It is now consolidating gains near the 23.6% Fib retracement level of the upward move from the $3,412 swing low to the $3,563 high. Ethereum is now trading above $3,500 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $3,450 on the hourly chart of ETH\/USD. The trend line is close to the 76.4% Fib retracement level of the upward move from the $3,412 swing low to the $3,563 high. If the price stays above the 100-hourly Simple Moving Average, it could attempt a fresh increase. On the upside, the price is facing resistance near the $3,550 level. The first major resistance is near the $3,580 level. The next major hurdle is near the $3,650 level. A close above the $3,650 level might send Ether toward the $3,700 resistance. The next key resistance is near $3,720. An upside break above the $3,720 resistance might send the price higher toward the $3,800 resistance zone in the coming days. Another Decline In ETH? If Ethereum fails to clear the $3,550 resistance, it could start a downside correction. Initial support on the downside is near $3,500. The first major support sits near the $3,470 zone and the 100-hourly Simple Moving Average. A clear move below the $3,470 support might push the price toward $3,440. Any more losses might send the price toward the $3,350 support level in the near term. The next key support sits at $3,320. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 zone. Major Support Level \u2013 $3,500 Major Resistance Level \u2013 $3,550<\/p>\n","protected":false},"author":67,"featured_media":630847,"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-630845","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 Climbs: Will It Challenge the $3,700 Mark Again?<\/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