ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\nAn upside break above the $2,680 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,880 resistance zone in the near term. The next hurdle sits near the $2,950 level or $3,000.<\/p>\n
Another Decline In ETH?<\/h2>\n If Ethereum fails to clear the $2,650 resistance, it could start another decline. Initial support on the downside is near the $2,600 level. The first major support sits near the $2,535 zone and the trend line.<\/p>\n
A clear move below the $2,500 support might push the price toward $2,450. Any more losses might send the price toward the $2,400 support level in the near term. The next key support sits at $2,350.<\/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 $2,535<\/p>\n
Major Resistance Level \u2013 $2,650<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price started a fresh increase above the $2,550 resistance. ETH is gaining pace and might soon clear the $2,650 resistance. Ethereum started a fresh increase above the $2,520 and $2,550 resistance levels. The price is trading above $2,580 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,535 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to rally if it clears the $2,650 and $2,680 resistance levels. Ethereum Price Eyes More Upsides Ethereum price extended its increase above the $2,550 resistance like Bitcoin. ETH cleared the $2,600 and $2,620 resistance levels. The price even spiked above $2,650 before there was a downside correction. There was a move below the $2,640 level. The price tested the $2,540 zone. A low was formed at $2,538 and the price is again rising. There was a move above the $2,580 resistance. The price climbed above the 50% Fib retracement level of the downward move from the $2,684 swing high to the $2,538 low. Ethereum price is now trading above $2,600 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $2,535 on the hourly chart of ETH\/USD. On the upside, the price seems to be facing hurdles near the $2,630 level. The first major resistance is near the $2,650 level or the 76.4% Fib retracement level of the downward move from the $2,684 swing high to the $2,538 low. A clear move above the $2,650 resistance might send the price toward the $2,680 resistance. An upside break above the $2,680 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,880 resistance zone in the near term. The next hurdle sits near the $2,950 level or $3,000. Another Decline In ETH? If Ethereum fails to clear the $2,650 resistance, it could start another decline. Initial support on the downside is near the $2,600 level. The first major support sits near the $2,535 zone and the trend line. A clear move below the $2,500 support might push the price toward $2,450. Any more losses might send the price toward the $2,400 support level in the near term. The next key support sits at $2,350. 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 $2,535 Major Resistance Level \u2013 $2,650<\/p>\n","protected":false},"author":67,"featured_media":648223,"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-648221","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 Bulls Set Sights on $3K: Is a Rally 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