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{"id":575167,"date":"2024-02-15T04:30:40","date_gmt":"2024-02-15T04:30:40","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=575167"},"modified":"2024-06-11T08:05:00","modified_gmt":"2024-06-11T08:05:00","slug":"ethereum-bulls-soon-test-3k","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/ethereum\/ethereum-bulls-soon-test-3k\/","title":{"rendered":"Ethereum Bulls Keep Pushing, Why ETH Could Soon Test $3K"},"content":{"rendered":"

Ethereum price is gaining bullish momentum above the $2,700 support. ETH remains supported and eyes more upsides toward the $3,000 resistance.<\/em><\/p>\n

\n
Ethereum is consolidating gains above the $2,770 support zone.<\/li>\n
The price is trading above $2,780 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bullish trend line forming with support at $2,700 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could continue to move up toward the $3,000 resistance zone.<\/li>\n<\/ul>\n
Ethereum Price Remains In Strong Uptrend<\/h2>\n
Ethereum price remained well-bid above the $2,650 level. ETH settled above the $2,700 barrier to move further into a positive zone, like Bitcoin<\/a>. The bulls were able to pump the price above the $2,750 and $2,800 levels.<\/p>\n
A new multi-week high was formed near $2,826 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the recent rally from the $2,589 swing low to the $2,826 high. There is also a key bullish trend line forming with support at $2,700 on the hourly chart of ETH\/USD.<\/p>\n
Ethereum is now trading above $2,780 and the 100-hourly Simple Moving Average<\/a>. Immediate resistance is near the $2,825 level. The first major resistance is near the $2,850 level. The next major resistance is near $2,880, above which the price might rise and test the $2,950 resistance.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
If the bulls push the price above the $2,950 resistance, Ether could even spike above the $3,000 resistance. In the stated case, the price could rise toward the $3,045 level.<\/p>\n
Are Dips Limited In ETH?<\/h2>\n
If Ethereum fails to clear the $2,825 resistance, it could start a downside correction. Initial support on the downside is near the $2,770 level.<\/p>\n
The next key support could be the $2,725 zone. A clear move below the $2,725 support might send the price toward the trend line at $2,700 or the 50% Fib retracement level of the recent rally from the $2,589 swing low to the $2,826 high. The main support could be $2,640 or the 100 hourly SMA. Any more losses might send the price toward the $2,550 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining 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 $2,700<\/p>\n
Major Resistance Level \u2013 $2,880<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price is gaining bullish momentum above the $2,700 support. ETH remains supported and eyes more upsides toward the $3,000 resistance. Ethereum is consolidating gains above the $2,770 support zone. The price is trading above $2,780 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,700 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to move up toward the $3,000 resistance zone. Ethereum Price Remains In Strong Uptrend Ethereum price remained well-bid above the $2,650 level. ETH settled above the $2,700 barrier to move further into a positive zone, like Bitcoin. The bulls were able to pump the price above the $2,750 and $2,800 levels. A new multi-week high was formed near $2,826 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the recent rally from the $2,589 swing low to the $2,826 high. There is also a key bullish trend line forming with support at $2,700 on the hourly chart of ETH\/USD. Ethereum is now trading above $2,780 and the 100-hourly Simple Moving Average. Immediate resistance is near the $2,825 level. The first major resistance is near the $2,850 level. The next major resistance is near $2,880, above which the price might rise and test the $2,950 resistance. Source: ETHUSD on TradingView.com If the bulls push the price above the $2,950 resistance, Ether could even spike above the $3,000 resistance. In the stated case, the price could rise toward the $3,045 level. Are Dips Limited In ETH? If Ethereum fails to clear the $2,825 resistance, it could start a downside correction. Initial support on the downside is near the $2,770 level. The next key support could be the $2,725 zone. A clear move below the $2,725 support might send the price toward the trend line at $2,700 or the 50% Fib retracement level of the recent rally from the $2,589 swing low to the $2,826 high. The main support could be $2,640 or the 100 hourly SMA. Any more losses might send the price toward the $2,550 level. 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 level. Major Support Level \u2013 $2,700 Major Resistance Level \u2013 $2,880<\/p>\n","protected":false},"author":67,"featured_media":462611,"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-575167","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 Bulls Keep Pushing, Why ETH Could Soon Test $3K<\/title>\n<meta name=\"description\" content=\"Ethereum price is gaining bullish momentum above the $2,700 support. 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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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