Ethereum Price Readies for a Fresh Climb: Will Momentum Build?

2024-11-19 06:38

Ethereum price started a consolidation phase near the $3,000 zone. ETH is slowly moving higher and might aim for a fresh surge above $3,220.

Ethereum is consolidating and facing hurdles near $3,220. The price is trading above $3,150 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,130 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $3,220 resistance zone. Ethereum Price Faces Hurdles

Ethereum price remained supported above the $3,000 level like Bitcoin. ETH formed a base and recently moved above the $3,120 and $3,150 resistance levels.

There was a break above a key bearish trend line with resistance at $3,130 on the hourly chart of ETH/USD. The pair even cleared the $3,200 level and tested $3,220. A high was formed at $3,224 before there was a pullback. The price dipped below the 23.6% Fib retracement level of the upward move from the $3,051 swing low to the $3,224 high.

Ethereum price is now trading above $3,150 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,200 level.

The first major resistance is near the $3,220 level. The main resistance is now forming near $3,250. A clear move above the $3,250 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,450 resistance zone.

Another Drop In ETH?

If Ethereum fails to clear the $3,220 resistance, it could start another decline. Initial support on the downside is near the $3,140 level or the 50% Fib retracement level of the upward move from the $3,051 swing low to the $3,224 high. The first major support sits near the $3,050 zone.

A clear move below the $3,050 support might push the price toward $3,000. Any more losses might send the price toward the $2,940 support level in the near term. The next key support sits at $2,880.

Technical Indicators

Hourly MACD – 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 – $3,140

Major Resistance Level – $3,220

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Ethereum (ETH) на Currencies.ru

$ 3132.93 (-0.28%)
Объем 24H $35.145b
Изменеия 24h: 0.32 %, 7d: -2.34 %
Cегодня L: $3039.69 - H: $3145.41
Капитализация $377.291b Rank 2
Цена в час новости $ 3120.23 (0.41%)

ethereum 220 near price fresh moving might

ethereum 220 → Результатов: 122


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2020-7-3 10:37


Фото:

Ethereum Bulls Defend Crucial Support, But Outlook Remains Gloomy

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2020-7-2 23:00


Фото:

Ethereum Struggles to Flip Crucial Trendline as Analysts Eye Move to $120

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2020-6-30 23:00


Ethereum нацелился на преодоление уровня $220

Вслед за биткоином Ethereum также отправился в грандиозное путешествие по преодолению ключевых барьеров. После свободного падения на поддержку в $175 две недели назад, Ether продолжил рост выше $200.

2020-5-18 12:09