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{"id":652479,"date":"2024-11-11T03:48:46","date_gmt":"2024-11-11T03:48:46","guid":{"rendered":"https:\/\/ktsl888.com\/?p=652479"},"modified":"2024-11-11T03:36:47","modified_gmt":"2024-11-11T03:36:47","slug":"ethereum-price-hits-3k-2","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-hits-3k-2\/","title":{"rendered":"Ethereum Price Hits $3K Milestone Again: Will The Gains Keep Coming?"},"content":{"rendered":"

Ethereum price started a fresh increase above the $3,000 resistance. ETH is up over 10% and now approaches the key barrier at $3,250.<\/em><\/p>\n

\n
Ethereum started a fresh surge above the $2,880 resistance zone.<\/li>\n
The price is trading above $3,000 and the 100-hourly Simple Moving Average.<\/li>\n
There is a new bullish trend line forming with support at $3,120 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could continue to rise if it clears the $3,250 resistance.<\/li>\n<\/ul>\n
Ethereum Price Regains Momentum<\/h2>\n
Ethereum price started a fresh increase above the $2,750 resistance like Bitcoin<\/a>. ETH was able to climb above the $2,880 and $3,000 resistance levels to move further into a positive zone.<\/p>\n
It even surged above the $3,120 level in the past few sessions. It is up over 10% and there was a move above $3,150. A high is formed at $3,249 before there was a minor pullback. There was a move below the 50% Fib retracement level of the upward move from the $3,020 swing low to the $3,249 high.<\/p>\n
However, the bulls were active near the $3,080 level and the 76.4% Fib retracement level of the upward move from the $3,020 swing low to the $3,249 high. Ethereum price is now trading above $3,120 and the 100-hourly Simple Moving Average<\/a>. There is also a new bullish trend line forming with support at $3,120 on the hourly chart of ETH\/USD.<\/p>\n
On the upside, the price seems to be facing hurdles near the $3,200 level. The first major resistance is near the $3,250 level. The main resistance is now forming near $3,300. A clear move above the $3,300 resistance might send the price toward the $3,350 resistance.<\/p>\n
$\"Ethereum$ <\/a>
Source: ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
An upside break above the $3,420 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,500 resistance zone.<\/p>\n
Are Dips Supported In ETH?<\/h2>\n
If Ethereum fails to clear the $3,250 resistance, it could start a downside correction. Initial support on the downside is near the $3,150 level. The first major support sits near the $3,120 zone and the trend line.<\/p>\n
A clear move below the $3,120 support might push the price toward $3,080. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000.<\/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 zone.<\/p>\n
Major Support Level \u2013 $3,120<\/p>\n
Major Resistance Level \u2013 $3,250<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price started a fresh increase above the $3,000 resistance. ETH is up over 10% and now approaches the key barrier at $3,250. Ethereum started a fresh surge above the $2,880 resistance zone. The price is trading above $3,000 and the 100-hourly Simple Moving Average. There is a new bullish trend line forming with support at $3,120 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to rise if it clears the $3,250 resistance. Ethereum Price Regains Momentum Ethereum price started a fresh increase above the $2,750 resistance like Bitcoin. ETH was able to climb above the $2,880 and $3,000 resistance levels to move further into a positive zone. It even surged above the $3,120 level in the past few sessions. It is up over 10% and there was a move above $3,150. A high is formed at $3,249 before there was a minor pullback. There was a move below the 50% Fib retracement level of the upward move from the $3,020 swing low to the $3,249 high. However, the bulls were active near the $3,080 level and the 76.4% Fib retracement level of the upward move from the $3,020 swing low to the $3,249 high. Ethereum price is now trading above $3,120 and the 100-hourly Simple Moving Average. There is also a new bullish trend line forming with support at $3,120 on the hourly chart of ETH\/USD. On the upside, the price seems to be facing hurdles near the $3,200 level. The first major resistance is near the $3,250 level. The main resistance is now forming near $3,300. A clear move above the $3,300 resistance might send the price toward the $3,350 resistance. An upside break above the $3,420 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,500 resistance zone. Are Dips Supported In ETH? If Ethereum fails to clear the $3,250 resistance, it could start a downside correction. Initial support on the downside is near the $3,150 level. The first major support sits near the $3,120 zone and the trend line. A clear move below the $3,120 support might push the price toward $3,080. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000. 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 zone. Major Support Level \u2013 $3,120 Major Resistance Level \u2013 $3,250<\/p>\n","protected":false},"author":67,"featured_media":652481,"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-652479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Hits $3K Milestone Again: Will The Gains Keep Coming?<\/title>\n<meta name=\"description\" content=\"Ethereum price started a fresh increase above the $3,000 resistance. 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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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