ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\nThe first major resistance is near the $3,450 level. The main resistance is now forming near $3,500. A clear move above the $3,500 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,680 resistance zone or even $3,750.<\/p>\n
Downsides Limited In ETH?<\/h2>\n
If Ethereum fails to clear the $3,400 resistance, it could start another decline. Initial support on the downside is near the $3,300 level. The first major support sits near the $3,250 zone.<\/p>\n
A clear move below the $3,250 support might push the price toward $3,150. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\nHourly RSI – <\/strong>The RSI for ETH\/USD is now above the 50 zone.<\/p>\nMajor Support Level \u2013 $3,250<\/p>\n
Major Resistance Level \u2013 $3,400<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price remained supported above the $3,220 zone. ETH is consolidating and might aim for a move above the $3,400 resistance. Ethereum started a fresh increase from the $3,250 support zone. The price is trading above $3,350 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $3,320 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $3,400 resistance zone. Ethereum Price Remains Stable and Eyes More Upsides Ethereum price remained supported above $3,200 and started a fresh increase while Bitcoin corrected gains. ETH is stable above $3,250 and is currently rising. There was a move above the $3,300 and $3,350 resistance levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $3,545 swing high to the $3,254 low. There was also a break above a connecting bearish trend line with resistance at $3,320 on the hourly chart of ETH\/USD. Ethereum price is now trading above $3,350 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,400 level. It is close to the 50% Fib retracement level of the downward move from the $3,545 swing high to the $3,254 low. The first major resistance is near the $3,450 level. The main resistance is now forming near $3,500. A clear move above the $3,500 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,680 resistance zone or even $3,750. Downsides Limited In ETH? If Ethereum fails to clear the $3,400 resistance, it could start another decline. Initial support on the downside is near the $3,300 level. The first major support sits near the $3,250 zone. A clear move below the $3,250 support might push the price toward $3,150. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 zone. Major Support Level \u2013 $3,250 Major Resistance Level \u2013 $3,400<\/p>\n","protected":false},"author":67,"featured_media":655083,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83362],"tags":[65296,1946,8686,78803],"class_list":["post-655081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n
Ethereum Price Maintains Strength at $3,250: Upside Ahead?<\/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