CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

NewsBTC 2025-05-23 03:18:30

Ethereum Price Rally Alert: ETH Starts Its Climb Toward $3K Milestone

Ethereum price found support at $2,500 and started a fresh increase. ETH is now rising and might aim for a move above the $2,750 resistance zone. Ethereum started a decent increase above the $2,550 and $2,620 levels. The price is trading above $2,540 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain strength if it clears the $2,750 resistance in the near term. Ethereum Price Gains Strength Ethereum price started a decent increase after Bitcoin traded to a new all-time high. ETH bulls were active near the $2,500 zone and the price climbed above the $2,600 resistance. There was a move above the $2,620 and $2,650 levels. The price even spiked above $2,720. A high was formed at $2,731 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $2,442 swing low to the $2,731 high. Ethereum price is now trading above $2,675 and the 100-hourly Simple Moving Average . There is also a connecting bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,740 level. The next key resistance is near the $2,750 level. The first major resistance is near the $2,800 level. A clear move above the $2,800 resistance might send the price toward the $2,840 resistance. An upside break above the $2,840 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,920 resistance zone or even $3,000 in the near term. Are Dips Limited In ETH? If Ethereum fails to clear the $2,750 resistance, it could start a fresh decline. Initial support on the downside is near the $2,675 level. The first major support sits near the $2,550 zone and the trend line. It is near the 61.8% Fib retracement level of the upward move from the $2,442 swing low to the $2,731 high. A clear move below the $2,550 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,450 support level in the near term. The next key support sits at $2,420. Technical Indicators Hourly MACD – 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 – $2,550 Major Resistance Level – $2,740

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta