100 hourly simple moving average<\/a>.<\/p>\nMore Upsides in ETH?<\/h2>\n If Ethereum remains stable above the trend line support and $3,000, it could continue to rise. An initial resistance on the upside is near the $3,060 level.<\/p>\n
The first major resistance is near the $3,085 level. A clear upside break above the $3,085 level and could open the doors for a move above the $3,100 level. The next major hurdle for the bulls could be near the $3,150 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now gaining momentum in the bullish zone.<\/p>\nHourly RSI – <\/strong>The RSI for ETH\/USD is well above the 50 level.<\/p>\nMajor Support Level \u2013 $3,000<\/p>\n
Major Resistance Level \u2013 $3,150<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum extended its rally and it traded to a new all-time high above $3,000 against the US Dollar. ETH price is showing signs of more upsides towards $3,100 and $3,150. Ethereum remained well supported above $2,800 and it broke the $3,000 level. The price is now trading well above $3,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $2,990 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could correct lower, but the bulls are likely to appear near $3,000 and $2,950. Ethereum Price Remains In Uptrend Ethereum remained well supported and it gained pace above the $2,850 resistance. ETH outpaced bitcoin and it even cleared the $3,000 resistance zone. It traded to a new all-time high near $3,060 and it settled nicely above the 100 hourly simple moving average. The price is showing positive signs and it could continue to rise above $3,060. On the downside, an initial support is near the $3,030 level. The 23.6% Fib retracement level of the recent wave from the $2,928 swing low to $3,061 high is also near $3,030. The next major support is near the $2,995 level. There is also a key bullish trend line forming with support near $2,990 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com The trend line is close to the 50% Fib retracement level of the recent wave from the $2,928 swing low to $3,061 high. Any more losses might call for a test of the $2,925 and $2,920 support levels in the near term. The next major support is near the $2,850 level and the 100 hourly simple moving average. More Upsides in ETH? If Ethereum remains stable above the trend line support and $3,000, it could continue to rise. An initial resistance on the upside is near the $3,060 level. The first major resistance is near the $3,085 level. A clear upside break above the $3,085 level and could open the doors for a move above the $3,100 level. The next major hurdle for the bulls could be near the $3,150 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is well above the 50 level. Major Support Level \u2013 $3,000 Major Resistance Level \u2013 $3,150<\/p>\n","protected":false},"author":67,"featured_media":462852,"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-462849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n
TA: Ethereum Surges Above $3K, Here\u2019s Why Rally Isn\u2019t Over Yet<\/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