{"id":657626,"date":"2024-12-05T03:18:58","date_gmt":"2024-12-05T03:18:58","guid":{"rendered":"https:\/\/ktsl888.com\/?p=657626"},"modified":"2024-12-05T02:58:51","modified_gmt":"2024-12-05T02:58:51","slug":"ethereum-price-rockets-up-4000","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-rockets-up-4000\/","title":{"rendered":"Ethereum Price Rockets Up: $4,000 Target Inches Closer"},"content":{"rendered":"<p><em>Ethereum price is rising from the $3,550 zone. ETH is showing bullish signs and might soon aim for a move above the $3,920 resistance zone.<\/em><\/p>\n<ul>\n<li>Ethereum remained in a positive zone and stayed above the $3,650 zone.<\/li>\n<li>The price is trading above $3,750 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bullish trend line forming with support at $3,800 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could continue to rise if it clears the $3,880 resistance zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Starts Fresh Increase<\/h2>\n<p>Ethereum price remained well-bid above the $3,650 support zone. ETH formed a base and recently started a fresh increase above $3,700 like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-soars-to-100k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>. The bulls were able to push the price above the $3,800 resistance.<\/p>\n<p>A high was formed at $3,895 and the price is now showing many <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-holds-steady-4k\/\" target=\"_blank\" rel=\"noopener \">positive signs<\/a>. It is stable above the 23.6% Fib retracement level of the upward move from the $3,505 swing low to the $3,895 high. There is also a key bullish trend line forming with support at $3,800 on the hourly chart of ETH\/USD.<\/p>\n<p>Ethereum price is now trading above $3,750 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,895 level. The first major resistance is near the $3,920 level. The main resistance is now forming near $3,950.<\/p>\n<figure id=\"attachment_657627\" aria-describedby=\"caption-attachment-657627\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_4d8439.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-657627\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_4d8439.png?resize=1024%2C478\" alt=\"Ethereum Price \" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_4d8439.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_4d8439.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_4d8439.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_4d8439.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_4d8439.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_4d8439.png?w=104 104w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_4d8439.png?w=83 83w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_4d8439.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Ethereum_4d8439.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-657627\" 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>A clear move above the $3,950 resistance might send the price toward the $4,000 resistance. An upside break above the $4,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,050 resistance zone or even $4,120.<\/p>\n<h2>Another Drop In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,920 resistance, it could start another decline. Initial support on the downside is near the $3,800 level. The first major support sits near the $3,750 zone.<\/p>\n<p>A clear move below the $3,750 support might push the price toward the $3,700 support or the 50% Fib retracement level of the upward move from the $3,505 swing low to the $3,895 high. Any more losses might send the price toward the $3,650 support level in the near term. The next key support sits at $3,600.<\/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 $3,700<\/p>\n<p>Major Resistance Level \u2013 $3,920<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is rising from the $3,550 zone. ETH is showing bullish signs and might soon aim for a move above the $3,920 resistance zone. Ethereum remained in a positive zone and stayed above the $3,650 zone. The price is trading above $3,750 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,800 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to rise if it clears the $3,880 resistance zone. Ethereum Price Starts Fresh Increase Ethereum price remained well-bid above the $3,650 support zone. ETH formed a base and recently started a fresh increase above $3,700 like Bitcoin. The bulls were able to push the price above the $3,800 resistance. A high was formed at $3,895 and the price is now showing many positive signs. It is stable above the 23.6% Fib retracement level of the upward move from the $3,505 swing low to the $3,895 high. There is also a key bullish trend line forming with support at $3,800 on the hourly chart of ETH\/USD. Ethereum price is now trading above $3,750 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,895 level. The first major resistance is near the $3,920 level. The main resistance is now forming near $3,950. A clear move above the $3,950 resistance might send the price toward the $4,000 resistance. An upside break above the $4,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,050 resistance zone or even $4,120. Another Drop In ETH? If Ethereum fails to clear the $3,920 resistance, it could start another decline. Initial support on the downside is near the $3,800 level. The first major support sits near the $3,750 zone. A clear move below the $3,750 support might push the price toward the $3,700 support or the 50% Fib retracement level of the upward move from the $3,505 swing low to the $3,895 high. Any more losses might send the price toward the $3,650 support level in the near term. The next key support sits at $3,600. 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 $3,700 Major Resistance Level \u2013 $3,920<\/p>\n","protected":false},"author":67,"featured_media":657628,"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-657626","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 Rockets Up: $4,000 Target Inches Closer<\/title>\n<meta name=\"description\" content=\"Ethereum price is rising from the $3,550 zone. 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