{"id":483004,"date":"2022-02-07T05:28:19","date_gmt":"2022-02-07T05:28:19","guid":{"rendered":"https:\/\/ktsl888.com\/?p=483004"},"modified":"2024-06-11T14:11:15","modified_gmt":"2024-06-11T14:11:15","slug":"ethereum-smashes-heavy-resistance-3k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-smashes-heavy-resistance-3k\/","title":{"rendered":"TA: Ethereum Smashes Heavy Resistance: Next Bullish Levels Traders Should Watch"},"content":{"rendered":"
Ethereum gained bullish momentum and cleared the $3,000 resistance against the US Dollar. ETH price is rising, but it could face hurdles near the $3,200 level.<\/em><\/p>\n Ethereum formed a base for a fresh increase<\/a> above the $2,800 resistance zone. ETH was able to surpass many hurdles near the $2,880 and $3,000 levels.<\/p>\n It even settled above the $3,000 resistance and the 100 hourly simple moving average<\/a>. Recently, there was a break above a key bearish trend line with resistance near $3,010 on the hourly chart of ETH\/USD. The pair is now rising and trading above the $3,050 level.<\/p>\n A high is formed near $3,089 and the price might continue to rise. Ether is trading well above the 23.6% Fib retracement level of the upward move from the $2,952 swing low to $3,089 high.<\/p>\n <\/a><\/p>\n An immediate resistance on the upside is near the $3,120 level. A clear move above the $3,120 resistance could send the price towards a major hurdle at $3,200. The bears might take a stand near the $3,200 level. If they fail, ether price could perhaps surge towards the $3,420 level in the near term.<\/p>\n If ethereum fails to continue higher above $3,120 or $3,200, it could start a downside correction. An initial support on the downside is near the $3,040 level. The first major support is near the $3,020 level.<\/p>\n It is near the 50% Fib retracement level of the upward move from the $2,952 swing low to $3,089 high. A downside break below the $3,020 level might push the price further lower. The next major support is near the $2,920 level and the 100 hourly SMA, below which there is a risk of a sharp decline. In the stated case, the price might revisit $2,800<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining pace 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 $3,020<\/p>\n Major Resistance Level \u2013 $3,200<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum gained bullish momentum and cleared the $3,000 resistance against the US Dollar. ETH price is rising, but it could face hurdles near the $3,200 level. Ethereum found support and started a strong increase above the $3,000 level. The price is now trading above $3,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $3,010 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could accelerate higher, but the $3,200 barrier might prevent additional gains. Ethereum Price Reclaims $3K Ethereum formed a base for a fresh increase above the $2,800 resistance zone. ETH was able to surpass many hurdles near the $2,880 and $3,000 levels. It even settled above the $3,000 resistance and the 100 hourly simple moving average. Recently, there was a break above a key bearish trend line with resistance near $3,010 on the hourly chart of ETH\/USD. The pair is now rising and trading above the $3,050 level. A high is formed near $3,089 and the price might continue to rise. Ether is trading well above the 23.6% Fib retracement level of the upward move from the $2,952 swing low to $3,089 high. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $3,120 level. A clear move above the $3,120 resistance could send the price towards a major hurdle at $3,200. The bears might take a stand near the $3,200 level. If they fail, ether price could perhaps surge towards the $3,420 level in the near term. Dips Limited in ETH? If ethereum fails to continue higher above $3,120 or $3,200, it could start a downside correction. An initial support on the downside is near the $3,040 level. The first major support is near the $3,020 level. It is near the 50% Fib retracement level of the upward move from the $2,952 swing low to $3,089 high. A downside break below the $3,020 level might push the price further lower. The next major support is near the $2,920 level and the 100 hourly SMA, below which there is a risk of a sharp decline. In the stated case, the price might revisit $2,800 Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $3,020 Major Resistance Level \u2013 $3,200<\/p>\n","protected":false},"author":67,"featured_media":462512,"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":[1946,8686,78803],"class_list":["post-483004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price Reclaims $3K<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Dips Limited in ETH?<\/h2>\n