Ethereum Price Primed To Hit $3.5K After Bitcoin Rallies Past $60K<\/title>\n<meta name=\"description\" content=\"Ethereum price climbed to a new multi-month high above $3,300. ETH is consolidating while Bitcoin is gaining pace above the $60,000 resistance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-primed-to-hit-3-5k\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Price Primed To Hit $3.5K After Bitcoin Rallies Past $60K\" \/>\n<meta property=\"og:description\" content=\"Ethereum price climbed to a new multi-month high above $3,300. 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Ethereum price climbed to a new multi-month high above $3,300. ETH is consolidating while Bitcoin is gaining pace above the $60,000 resistance.<\/em><\/p>\n

\n
Ethereum extended its increase above the $3,300 resistance zone.<\/li>\n
The price is trading above $3,250 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting bullish trend line forming with support at $3,320 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could extend its increase toward $3,420 or even $3,500 in the near term.<\/li>\n<\/ul>\n
Ethereum Price Underperforms Bitcoin<\/h2>\n
Ethereum price started another steady increase from the $3,150 support zone<\/a>. ETH cleared the $3,220 and $3,250 resistance levels to move further into a positive zone.<\/p>\n
However, Bitcoin performed better and rallied significantly above the $58,000 resistance<\/a>. It surged over 10% and even cleared the $60,000 level. Ether also managed to pump above $3,300. A new multi-week high is formed near $3,368 and the price is now consolidating gains.<\/p>\n
It is trading above the 23.6% Fib retracement level of the upward wave from the $3,206 swing low to the $3,368 high. There is also a connecting bullish trend line forming with support at $3,320 on the hourly chart of ETH\/USD.<\/p>\n
Ethereum is now trading above $3,250 and the 100-hourly Simple Moving Average. Immediate resistance on the upside is near the $3,365 level. The first major resistance is near the $3,420 level. The next major resistance is near $3,450, above which the price might gain bullish momentum.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
If there is a move above the $3,500 resistance, Ether could even rally toward the $3,650 resistance. Any more gains might call for a test of $3,800.<\/p>\n
Downside Correction In ETH?<\/h2>\n
If Ethereum fails to clear the $3,365 resistance, it could start a downside correction. Initial support on the downside is near the $3,320 level.<\/p>\n
The first major support is near the $3,280 zone and the 61.8% Fib retracement level of the upward wave from the $3,206 swing low to the $3,368 high. The next key support could be the $3,160 zone. A clear move below the $3,160 support might send the price toward $3,120. Any more losses might send the price toward the $3,050 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 $3,265<\/p>\n
Major Resistance Level \u2013 $3,365<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price climbed to a new multi-month high above $3,300. ETH is consolidating while Bitcoin is gaining pace above the $60,000 resistance. Ethereum extended its increase above the $3,300 resistance zone. The price is trading above $3,250 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,320 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could extend its increase toward $3,420 or even $3,500 in the near term. Ethereum Price Underperforms Bitcoin Ethereum price started another steady increase from the $3,150 support zone. ETH cleared the $3,220 and $3,250 resistance levels to move further into a positive zone. However, Bitcoin performed better and rallied significantly above the $58,000 resistance. It surged over 10% and even cleared the $60,000 level. Ether also managed to pump above $3,300. A new multi-week high is formed near $3,368 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward wave from the $3,206 swing low to the $3,368 high. There is also a connecting bullish trend line forming with support at $3,320 on the hourly chart of ETH\/USD. Ethereum is now trading above $3,250 and the 100-hourly Simple Moving Average. Immediate resistance on the upside is near the $3,365 level. The first major resistance is near the $3,420 level. The next major resistance is near $3,450, above which the price might gain bullish momentum. Source: ETHUSD on TradingView.com If there is a move above the $3,500 resistance, Ether could even rally toward the $3,650 resistance. Any more gains might call for a test of $3,800. Downside Correction In ETH? If Ethereum fails to clear the $3,365 resistance, it could start a downside correction. Initial support on the downside is near the $3,320 level. The first major support is near the $3,280 zone and the 61.8% Fib retracement level of the upward wave from the $3,206 swing low to the $3,368 high. The next key support could be the $3,160 zone. A clear move below the $3,160 support might send the price toward $3,120. Any more losses might send the price toward the $3,050 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 $3,265 Major Resistance Level \u2013 $3,365<\/p>\n","protected":false},"author":67,"featured_media":463650,"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-583440","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 Price Primed To Hit $3.5K After Bitcoin Rallies Past $60K<\/title>\n<meta name=\"description\" content=\"Ethereum price climbed to a new multi-month high above $3,300. 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