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{"id":609032,"date":"2024-05-21T01:58:30","date_gmt":"2024-05-21T01:58:30","guid":{"rendered":"https:\/\/ktsl888.com\/?p=609032"},"modified":"2024-06-11T06:52:03","modified_gmt":"2024-06-11T06:52:03","slug":"ethereum-soars-20-eth-etf-rumors","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-soars-20-eth-etf-rumors\/","title":{"rendered":"Ethereum Soars 20%: ETH Hype Escalates on ETF Rumors"},"content":{"rendered":"

Ethereum price rallied over 20% amid rise in hopes of ETH ETF. ETH broke many hurdles and even broke the $3,500 resistance zone.<\/em><\/p>\n

\n
Ethereum started a fresh surge and cleared the $3,500 resistance zone.<\/li>\n
The price is trading above $3,600 and the 100-hourly Simple Moving Average.<\/li>\n
There is a short-term rising channel forming with support at $3,640 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could continue to move up unless there is a close below the $3,400 support.<\/li>\n<\/ul>\n
Ethereum Price Starts Fresh Uptrend<\/h2>\n
Ethereum price formed a base and rallied above the $3,200 resistance zone. ETH ETF hopes increased with the recent SEC move. Trades took advantage of the recent move, resulting in a strong upward move above the $3,350 resistance zone.<\/p>\n
It outperformed Bitcoin<\/a> and gained over 20%. There was a strong move above the $3,500 resistance zone. It traded to a new weekly high at $3,721 and is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $3,067 swing low to the $3,721 high.<\/p>\n
Ethereum is now trading above $3,600 and the 100-hourly Simple Moving Average<\/a>. There is also a short-term rising channel forming with support at $3,640 on the hourly chart of ETH\/USD.<\/p>\n
Immediate resistance is near the $3,700 level. The first major resistance is near the $3,720 level. An upside break above the $3,720 resistance might send the price higher.<\/p>\n
$\"Ethereum$ <\/a>
Source: ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The next key resistance sits at $3,800, above which the price might gain traction and rise toward the $3,880 level. If there is a clear move above the $3,880 level, the price might rise and test the $3,950 resistance. Any more gains could send Ether toward the $4,000 resistance zone.<\/p>\n
Are Dips Attractive In ETH?<\/h2>\n
If Ethereum fails to clear the $3,720 resistance, it could start a downside correction. Initial support on the downside is near the $3,640 level and the channel zone.<\/p>\n
The next major support is near the $3,600 zone. A clear move below the $3,600 support might push the price toward $3,500. Any more losses might send the price toward the $3,400 level in the near term.<\/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 correcting from the 85 zone.<\/p>\n
Major Support Level \u2013 $3,600<\/p>\n
Major Resistance Level \u2013 $3,720<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price rallied over 20% amid rise in hopes of ETH ETF. ETH broke many hurdles and even broke the $3,500 resistance zone. Ethereum started a fresh surge and cleared the $3,500 resistance zone. The price is trading above $3,600 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $3,640 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to move up unless there is a close below the $3,400 support. Ethereum Price Starts Fresh Uptrend Ethereum price formed a base and rallied above the $3,200 resistance zone. ETH ETF hopes increased with the recent SEC move. Trades took advantage of the recent move, resulting in a strong upward move above the $3,350 resistance zone. It outperformed Bitcoin and gained over 20%. There was a strong move above the $3,500 resistance zone. It traded to a new weekly high at $3,721 and is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $3,067 swing low to the $3,721 high. Ethereum is now trading above $3,600 and the 100-hourly Simple Moving Average. There is also a short-term rising channel forming with support at $3,640 on the hourly chart of ETH\/USD. Immediate resistance is near the $3,700 level. The first major resistance is near the $3,720 level. An upside break above the $3,720 resistance might send the price higher. The next key resistance sits at $3,800, above which the price might gain traction and rise toward the $3,880 level. If there is a clear move above the $3,880 level, the price might rise and test the $3,950 resistance. Any more gains could send Ether toward the $4,000 resistance zone. Are Dips Attractive 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 $3,640 level and the channel zone. The next major support is near the $3,600 zone. A clear move below the $3,600 support might push the price toward $3,500. Any more losses might send the price toward the $3,400 level in the near term. 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 correcting from the 85 zone. Major Support Level \u2013 $3,600 Major Resistance Level \u2013 $3,720<\/p>\n","protected":false},"author":67,"featured_media":609034,"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-609032","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 Soars 20%: ETH Hype Escalates on ETF Rumors<\/title>\n<meta name=\"description\" content=\"Ethereum price rallied over 20% amid rise in hopes of ETH ETF. 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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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