{"id":633636,"date":"2024-08-07T03:18:11","date_gmt":"2024-08-07T03:18:11","guid":{"rendered":"https:\/\/ktsl888.com\/?p=633636"},"modified":"2024-08-07T03:10:27","modified_gmt":"2024-08-07T03:10:27","slug":"ethereum-price-climb-3550","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-climb-3550\/","title":{"rendered":"Ethereum Price Poised to Climb Higher: What&#8217;s Next for ETH?"},"content":{"rendered":"<p><em>Ethereum price started a recovery wave above the $2,350 resistance zone. ETH could gain bullish momentum if it clears the $2,680 resistance zone.<\/em><\/p>\n<ul>\n<li>Ethereum started a recovery wave above the $2,350 and $2,420 levels.<\/li>\n<li>The price is trading below $2,640 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a connecting bullish trend line forming with support at $2,440 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could rise steadily if it clears the $2,680 resistance zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Aims Higher Ground<\/h2>\n<p>Ethereum price started a <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-rebounds-2500\/\" target=\"_blank\" rel=\"noopener \">recovery wave<\/a> after a nasty spike below the $2,000 level. ETH climbed above the $2,200 and $2,250 resistance levels like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-strength-55k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> above $65,000.<\/p>\n<p>There was a move above the 50% Fib retracement level of the downward wave from the $2,920 swing high to the $1,910 swing low. Moreover, there is also a connecting bullish trend line forming with support at $2,440 on the hourly chart of ETH\/USD. However, the bears are active near the $2,540 and $2,550 levels.<\/p>\n<p>Ethereum price is still trading below $2,650 and the 100-hourly Simple Moving Average. On the upside, the price is facing hurdles near the $2,540 level and the 61.8% Fib retracement level of the downward wave from the $2,920 swing high to the $1,910 swing low.<\/p>\n<figure id=\"attachment_633637\" aria-describedby=\"caption-attachment-633637\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Ethereum_98b0bd.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-633637 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Ethereum_98b0bd.png?resize=1024%2C461\" alt=\"Ethereum Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Ethereum_98b0bd.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Ethereum_98b0bd.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Ethereum_98b0bd.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Ethereum_98b0bd.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Ethereum_98b0bd.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Ethereum_98b0bd.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Ethereum_98b0bd.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-633637\" 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>The first major resistance is near the $2,680 level and the 100-hourly Simple Moving Average. The next major hurdle is near the $2,720 level. A close above the $2,720 level might send Ether toward the $2,860 resistance. The next key resistance is near $2,920. An upside break above the $2,920 resistance might send the price higher toward the $3,000 resistance zone in the near term.<\/p>\n<h2>Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,540 resistance, it could start another decline. Initial support on the downside is near $2,440 and the trend line zone. The first major support sits near the $2,365 zone.<\/p>\n<p>A clear move below the $2,365 support might push the price toward $2,250. Any more losses might send the price toward the $2,120 support level in the near term. The next key support sits at $2,050.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now above the 50 zone.<\/p>\n<p>Major Support Level \u2013 $2,365<\/p>\n<p>Major Resistance Level \u2013 $2,540<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a recovery wave above the $2,350 resistance zone. ETH could gain bullish momentum if it clears the $2,680 resistance zone. Ethereum started a recovery wave above the $2,350 and $2,420 levels. The price is trading below $2,640 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,440 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could rise steadily if it clears the $2,680 resistance zone. Ethereum Price Aims Higher Ground Ethereum price started a recovery wave after a nasty spike below the $2,000 level. ETH climbed above the $2,200 and $2,250 resistance levels like Bitcoin above $65,000. There was a move above the 50% Fib retracement level of the downward wave from the $2,920 swing high to the $1,910 swing low. Moreover, there is also a connecting bullish trend line forming with support at $2,440 on the hourly chart of ETH\/USD. However, the bears are active near the $2,540 and $2,550 levels. Ethereum price is still trading below $2,650 and the 100-hourly Simple Moving Average. On the upside, the price is facing hurdles near the $2,540 level and the 61.8% Fib retracement level of the downward wave from the $2,920 swing high to the $1,910 swing low. The first major resistance is near the $2,680 level and the 100-hourly Simple Moving Average. The next major hurdle is near the $2,720 level. A close above the $2,720 level might send Ether toward the $2,860 resistance. The next key resistance is near $2,920. An upside break above the $2,920 resistance might send the price higher toward the $3,000 resistance zone in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,540 resistance, it could start another decline. Initial support on the downside is near $2,440 and the trend line zone. The first major support sits near the $2,365 zone. A clear move below the $2,365 support might push the price toward $2,250. Any more losses might send the price toward the $2,120 support level in the near term. The next key support sits at $2,050. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now above the 50 zone. Major Support Level \u2013 $2,365 Major Resistance Level \u2013 $2,540<\/p>\n","protected":false},"author":67,"featured_media":633638,"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-633636","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<title>Ethereum Price Poised to Climb Higher: What&#039;s Next for ETH?<\/title>\n<meta name=\"description\" content=\"Ethereum price started a recovery wave above the $2,350 resistance zone. 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