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{"id":599911,"date":"2024-03-27T02:28:40","date_gmt":"2024-03-27T02:28:40","guid":{"rendered":"https:\/\/ktsl888.com\/?p=599911"},"modified":"2024-06-11T07:57:03","modified_gmt":"2024-06-11T07:57:03","slug":"ethereum-price-bullish-streak-3680","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-bullish-streak-3680\/","title":{"rendered":"Ethereum Price May Have Another Chance For A Bullish Streak: Here’s How"},"content":{"rendered":"

Ethereum price is showing positive signs above the $3,550 zone. ETH must clear the $3,680 resistance to continue higher in the near term.<\/em><\/p>\n

\n
Ethereum started another increase above the $3,550 resistance zone.<\/li>\n
The price is trading above $3,550 and the 100-hourly Simple Moving Average.<\/li>\n
There is a major bullish trend line forming with support at $3,590 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could continue to rise if it settles above the $3,680 resistance zone.<\/li>\n<\/ul>\n
Ethereum Price Remains In Uptrend<\/h2>\n
Ethereum price started another increase above the $3,500 resistance zone. ETH bulls were able to push the price in a positive zone above the $3,580 level, like Bitcoin<\/a>.<\/p>\n
ETH climbed above the $3,650 resistance zone<\/a>. A high was formed at $3,680 before the price started a downside correction. There was a minor decline below the $3,600 level. The price declined below the 23.6% Fib retracement level of the upward move from the $3,302 swing low to the $3,680 high.<\/p>\n
Ethereum is now trading above $3,580 and the 100-hourly Simple Moving Average. There is also a major bullish trend line forming with support at $3,590 on the hourly chart of ETH\/USD.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
On the upside, immediate resistance is near the $3,640 level. The first major resistance is near the $3,680 level. The next key resistance sits at $3,720, above which the price might gain bullish momentum. In the stated case, Ether could rally toward the $3,800 level. If there is a move above the $3,800 resistance, Ethereum could even climb toward the $3,880 resistance. Any more gains might call for a test of $4,000.<\/p>\n
Are Dips Supported In ETH?<\/h2>\n
If Ethereum fails to clear the $3,640 resistance, it could start another decline. Initial support on the downside is near the $3,590 level and the trend line.<\/p>\n
The first major support is near the $3,550 zone. The next key support could be the $3,500 zone or the 50% Fib retracement level of the upward move from the $3,302 swing low to the $3,680 high. A clear move below the $3,500 support might send the price toward $3,390. Any more losses might send the price toward the $3,250 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n
Major Support Level \u2013 $3,590<\/p>\n
Major Resistance Level \u2013 $3,680<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is showing positive signs above the $3,550 zone. ETH must clear the $3,680 resistance to continue higher in the near term. Ethereum started another increase above the $3,550 resistance zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support at $3,590 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to rise if it settles above the $3,680 resistance zone. Ethereum Price Remains In Uptrend Ethereum price started another increase above the $3,500 resistance zone. ETH bulls were able to push the price in a positive zone above the $3,580 level, like Bitcoin. ETH climbed above the $3,650 resistance zone. A high was formed at $3,680 before the price started a downside correction. There was a minor decline below the $3,600 level. The price declined below the 23.6% Fib retracement level of the upward move from the $3,302 swing low to the $3,680 high. Ethereum is now trading above $3,580 and the 100-hourly Simple Moving Average. There is also a major bullish trend line forming with support at $3,590 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com On the upside, immediate resistance is near the $3,640 level. The first major resistance is near the $3,680 level. The next key resistance sits at $3,720, above which the price might gain bullish momentum. In the stated case, Ether could rally toward the $3,800 level. If there is a move above the $3,800 resistance, Ethereum could even climb toward the $3,880 resistance. Any more gains might call for a test of $4,000. Are Dips Supported In ETH? If Ethereum fails to clear the $3,640 resistance, it could start another decline. Initial support on the downside is near the $3,590 level and the trend line. The first major support is near the $3,550 zone. The next key support could be the $3,500 zone or the 50% Fib retracement level of the upward move from the $3,302 swing low to the $3,680 high. A clear move below the $3,500 support might send the price toward $3,390. Any more losses might send the price toward the $3,250 level. 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 level. Major Support Level \u2013 $3,590 Major Resistance Level \u2013 $3,680<\/p>\n","protected":false},"author":67,"featured_media":505105,"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-599911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price May Have Another Chance For A Bullish Streak: Here's How<\/title>\n<meta name=\"description\" content=\"Ethereum price is showing positive signs above the $3,550 zone. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. 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