{"id":596271,"date":"2024-03-05T04:10:55","date_gmt":"2024-03-05T04:10:55","guid":{"rendered":"https:\/\/ktsl888.com\/?p=596271"},"modified":"2024-06-11T08:17:03","modified_gmt":"2024-06-11T08:17:03","slug":"ethereum-price-follows-bitcoin-4k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-follows-bitcoin-4k\/","title":{"rendered":"Ethereum Price Follows Bitcoin Surge, Why $4K Is Just A Matter of Time"},"content":{"rendered":"<p><em>Ethereum price is pumping above the $3,550 resistance. ETH is following Bitcoin and might soon rally toward the $4,000 resistance zone.<\/em><\/p>\n<ul>\n<li>Ethereum is gaining pace above the $3,550 resistance zone.<\/li>\n<li>The price is trading above $3,650 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a connecting bullish trend line forming with support at $3,600 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair seems to be setting up for a move toward the $3,850 and $4,000 levels.<\/li>\n<\/ul>\n<h2>Ethereum Price Starts Fresh Surge<\/h2>\n<p>Ethereum price extended its rally above the $3,500 level, like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-ath-70k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>. BTC surged and even spiked above the $68,000 level. ETH is showing signs of strength and surging above the $3,650 level.<\/p>\n<p>There was a clear move above the $3,700 level. A new multi-month high is formed at $3,715 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-surge-3800\/\" target=\"_blank\" rel=\"noopener \">upward move<\/a> from the $3,465 swing low to the $3,715 high.<\/p>\n<p>Ethereum is now trading above $3,650 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $3,600 on the hourly chart of ETH\/USD. The trend line is close to the 50% Fib retracement level of the upward move from the $3,465 swing low to the $3,715 high.<\/p>\n<p>Immediate resistance on the upside is near the $3,720 level. The first major resistance is near the $3,780 level. The next major resistance is near $3,850, above which the price might gain bullish momentum. \u00a0The next stop for the bulls could be near the $3,920 level.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Ethereum_c08084.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-596272\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Ethereum_c08084.png?resize=1024%2C461\" alt=\"Ethereum Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Ethereum_c08084.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Ethereum_c08084.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Ethereum_c08084.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Ethereum_c08084.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Ethereum_c08084.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Ethereum_c08084.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Ethereum_c08084.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 there is a move above the $3,920 resistance, Ether could even rally toward the $4,000 resistance. Any more gains might call for a test of $4,200.<\/p>\n<h2>Downside Correction In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,720 resistance, it could start a downside correction. Initial support on the downside is near the $3,650 level.<\/p>\n<p>The first major support is near the $3,600 zone and the trend line. The next key support could be the $3,550 zone. A clear move below the $3,550 support might send the price toward $3,420. Any more losses might send the price toward the $3,350 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is gaining 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 $3,600<\/p>\n<p>Major Resistance Level \u2013 $3,720<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is pumping above the $3,550 resistance. ETH is following Bitcoin and might soon rally toward the $4,000 resistance zone. Ethereum is gaining pace above the $3,550 resistance zone. The price is trading above $3,650 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,600 on the hourly chart of ETH\/USD (data feed via Kraken). The pair seems to be setting up for a move toward the $3,850 and $4,000 levels. Ethereum Price Starts Fresh Surge Ethereum price extended its rally above the $3,500 level, like Bitcoin. BTC surged and even spiked above the $68,000 level. ETH is showing signs of strength and surging above the $3,650 level. There was a clear move above the $3,700 level. A new multi-month high is formed at $3,715 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $3,465 swing low to the $3,715 high. Ethereum is now trading above $3,650 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $3,600 on the hourly chart of ETH\/USD. The trend line is close to the 50% Fib retracement level of the upward move from the $3,465 swing low to the $3,715 high. Immediate resistance on the upside is near the $3,720 level. The first major resistance is near the $3,780 level. The next major resistance is near $3,850, above which the price might gain bullish momentum. \u00a0The next stop for the bulls could be near the $3,920 level. Source: ETHUSD on TradingView.com If there is a move above the $3,920 resistance, Ether could even rally toward the $4,000 resistance. Any more gains might call for a test of $4,200. Downside Correction In ETH? If Ethereum fails to clear the $3,720 resistance, it could start a downside correction. Initial support on the downside is near the $3,650 level. The first major support is near the $3,600 zone and the trend line. The next key support could be the $3,550 zone. A clear move below the $3,550 support might send the price toward $3,420. Any more losses might send the price toward the $3,350 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $3,600 Major Resistance Level \u2013 $3,720<\/p>\n","protected":false},"author":67,"featured_media":504923,"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-596271","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 Follows Bitcoin Surge, Why $4K Is Just A Matter of Time<\/title>\n<meta name=\"description\" content=\"Ethereum price is pumping above the $3,550 resistance. 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