{"id":610133,"date":"2024-05-28T01:48:06","date_gmt":"2024-05-28T01:48:06","guid":{"rendered":"https:\/\/ktsl888.com\/?p=610133"},"modified":"2024-06-11T06:51:08","modified_gmt":"2024-06-11T06:51:08","slug":"ethereum-price-climb-4k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-climb-4k\/","title":{"rendered":"Ethereum Price Continues Its Climb: Bullish Momentum Drives Higher Gains"},"content":{"rendered":"<p><em>Ethereum price extended its increase above the $3,900 resistance. ETH is now consolidating near $3,880 and might continue to grind higher in the near term.<\/em><\/p>\n<ul>\n<li>Ethereum started another increase above the $3,850 resistance.<\/li>\n<li>The price is trading above $3,850 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a major bullish trend line forming with support at $3,860 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could continue to move up and test the $4,000 resistance zone in the near term.<\/li>\n<\/ul>\n<h2>Ethereum Price Eyes $4,000<\/h2>\n<p>Ethereum price remained supported above the $3,650 support zone. ETH started another increase, outperformed <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-higher-70k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>, and climbed above the $3,750 level.<\/p>\n<p>There was a move above the $3,850 resistance. The bulls pushed the price above the $3,940 resistance. It traded close to the $4,000 resistance. A high was formed near $3,973 and the price is now correcting <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-new-peaks-4k\/\" target=\"_blank\" rel=\"noopener \">gains<\/a>. There was a minor decline below the $3,920 level.<\/p>\n<p>The price dipped below the 23.6% Fib retracement level of the upward move from the $3,630 swing low to the $3,973 high. Ethereum price is trading above $3,850 and the 100-hourly Simple Moving Average. There is also a major bullish trend line forming with support at $3,860 on the hourly chart of ETH\/USD.<\/p>\n<p>Immediate resistance is near the $3,940 level. The first major resistance is near the $3,970 level. An upside break above the $3,970 resistance might send the price higher. The next key resistance sits at $4,000, above which the price might gain traction and rise toward the $4,080 level.<\/p>\n<figure id=\"attachment_610134\" aria-describedby=\"caption-attachment-610134\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Ethereum_6a6d2a.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-610134 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Ethereum_6a6d2a.png?resize=1024%2C449\" alt=\"Ethereum Price\" width=\"1024\" height=\"449\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Ethereum_6a6d2a.png?w=1950 1950w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Ethereum_6a6d2a.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Ethereum_6a6d2a.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Ethereum_6a6d2a.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Ethereum_6a6d2a.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Ethereum_6a6d2a.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/Ethereum_6a6d2a.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-610134\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>If there is a clear move above the $4,080 level, the price might rise and test the $4,220 resistance. Any more gains could send Ether toward the $4,350 resistance zone.<\/p>\n<h2>Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,940 resistance, it could continue to move down. Initial support on the downside is near the $3,860 level and the trend line.<\/p>\n<p>The next major support is near the $3,800 zone or the 50% Fib retracement level of the upward move from the $3,630 swing low to the $3,973 high. A clear move below the $3,800 support might push the price toward $3,720. Any more losses might send the price toward the $3,630 level in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is still above the 50 zone.<\/p>\n<p>Major Support Level \u2013 $3,800<\/p>\n<p>Major Resistance Level \u2013 $3,940<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price extended its increase above the $3,900 resistance. ETH is now consolidating near $3,880 and might continue to grind higher in the near term. Ethereum started another increase above the $3,850 resistance. The price is trading above $3,850 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support at $3,860 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to move up and test the $4,000 resistance zone in the near term. Ethereum Price Eyes $4,000 Ethereum price remained supported above the $3,650 support zone. ETH started another increase, outperformed Bitcoin, and climbed above the $3,750 level. There was a move above the $3,850 resistance. The bulls pushed the price above the $3,940 resistance. It traded close to the $4,000 resistance. A high was formed near $3,973 and the price is now correcting gains. There was a minor decline below the $3,920 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $3,630 swing low to the $3,973 high. Ethereum price is trading above $3,850 and the 100-hourly Simple Moving Average. There is also a major bullish trend line forming with support at $3,860 on the hourly chart of ETH\/USD. Immediate resistance is near the $3,940 level. The first major resistance is near the $3,970 level. An upside break above the $3,970 resistance might send the price higher. The next key resistance sits at $4,000, above which the price might gain traction and rise toward the $4,080 level. If there is a clear move above the $4,080 level, the price might rise and test the $4,220 resistance. Any more gains could send Ether toward the $4,350 resistance zone. Another Decline In ETH? If Ethereum fails to clear the $3,940 resistance, it could continue to move down. Initial support on the downside is near the $3,860 level and the trend line. The next major support is near the $3,800 zone or the 50% Fib retracement level of the upward move from the $3,630 swing low to the $3,973 high. A clear move below the $3,800 support might push the price toward $3,720. Any more losses might send the price toward the $3,630 level in the near term. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is still above the 50 zone. Major Support Level \u2013 $3,800 Major Resistance Level \u2013 $3,940<\/p>\n","protected":false},"author":67,"featured_media":610135,"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-610133","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 Continues Its Climb: Bullish Momentum Drives Higher Gains<\/title>\n<meta name=\"description\" content=\"Ethereum price extended its increase above the $3,900 resistance. 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