ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\nThe next key resistance is near $2,880. An upside break above the $2,880 resistance might send the price higher toward the $3,000 resistance zone in the near term.<\/p>\n
Another Drop In ETH?<\/h2>\n If Ethereum fails to clear the $2,720 resistance, it could slowly move down. Initial support on the downside is near $2,670 and the triangle\u2019s trend line. The first major support sits near the $2,640 zone and the 100 hourly SMA.<\/p>\n
A clear move below the $2,640 support might push the price toward $2,620. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,520.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing 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 $2,670<\/p>\n
Major Resistance Level \u2013 $2,750<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price started a steady increase above the $2,650 resistance. ETH is beating Bitcoin and might even rally toward the $3,000 resistance zone. Ethereum started a fresh increase above the $2,580 and $2,650 levels. The price is trading above $2,670 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with support at $2,670 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could extend gains if it clears the $2,750 resistance zone. Ethereum Price Eyes More Upsides Ethereum price started a decent increase from the $2,520 support zone. ETH outperformed Bitcoin and surpassed the $2,650 resistance zone. The price even spiked above the $2,720 zone. The recent swing high was formed at $2,732 and the price is now consolidating gains. The price is now moving lower below the $2,700 level. There was a drop below the 23.6% Fib retracement level of the upward move from the $2,613 swing low to the $2,732 high. Ethereum price is now trading above $2,670 and the 100-hourly Simple Moving Average. There is also a key contracting triangle forming with support at $2,670 on the hourly chart of ETH\/USD. The triangle support is near the 50% Fib retracement level of the upward move from the $2,613 swing low to the $2,732 high. If there is another increase, the price might face hurdles near the $2,720 level. The first major resistance is near the $2,750 level. A close above the $2,750 level might send Ether toward the $2,820 resistance. The next key resistance is near $2,880. An upside break above the $2,880 resistance might send the price higher toward the $3,000 resistance zone in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,720 resistance, it could slowly move down. Initial support on the downside is near $2,670 and the triangle\u2019s trend line. The first major support sits near the $2,640 zone and the 100 hourly SMA. A clear move below the $2,640 support might push the price toward $2,620. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,520. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 zone. Major Support Level \u2013 $2,670 Major Resistance Level \u2013 $2,750<\/p>\n","protected":false},"author":67,"featured_media":635331,"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-635329","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 Bulls Set Sights on $3K: Is a Breakout Coming?<\/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