A company that is changing the way the world mines bitcoin

NewsBTC 2024-11-28 03:18:17

Ethereum Price Powers Ahead with a 10% Surge: More to Come?

Ethereum price remained supported above the $3,250 zone. ETH started a fresh surge and cleared the $3,550 resistance zone. Ethereum started a fresh increase from the $3,250 support zone. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $3,375 on the hourly chart of ETH/USD (data feed via Kraken). The pair is up nearly 10% and now consolidates gains near the $3,650 zone. Ethereum Price Starts Fresh Surge Ethereum price remained supported above $3,250 and started a fresh increase bearing Bitcoin. ETH was able to surpass the $3,350 and $3,400 resistance levels. There was a break above a connecting bearish trend line with resistance at $3,375 on the hourly chart of ETH/USD. The bulls pumped the price above the $3,500 and $3,550 resistance levels. It gained nearly 10% and traded as high as $3,688. The price is now correcting gains below the $3,650 level. Ethereum price is now trading above $3,550 and the 100-hourly Simple Moving Average. It is also above the 23.6% Fib retracement level of the upward move from the $3,254 swing low to the $3,688 high. On the upside, the price seems to be facing hurdles near the $3,650 level. The first major resistance is near the $3,685 level. The main resistance is now forming near $3,720. A clear move above the $3,720 resistance might send the price toward the $3,840 resistance. An upside break above the $3,840 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,950 resistance zone or even $4,000. Downsides Supported In ETH? If Ethereum fails to clear the $3,685 resistance, it could start another decline. Initial support on the downside is near the $3,585 level. The first major support sits near the $3,550 zone. A clear move below the $3,550 support might push the price toward the 50% Fib retracement level of the upward move from the $3,254 swing low to the $3,688 high at $3,470. Any more losses might send the price toward the $3,350 support level in the near term. The next key support sits at $3,250. 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 – $3,485 Major Resistance Level – $3,685

Наиболее читаемые новости

These 3 cryptos could surpass Solana with 7,0...
2024-11-28
Metaplanet Plans Major Bitcoin Investment to...
2024-11-28
4 Reasons Why the Crypto Market Is Up Today?
2024-11-28
Tornado Cash Decision from the US Will Benefi...
2024-11-28
XRP Wave Trend Analysis Shows Investors “Are...
2024-11-28
Paul Atkins’ Potential SEC Leadership May Tra...
2024-11-28
Marc Andreessen and Ben Armstrong Allege Demo...
2024-11-28
What Paul Atkins’ SEC appointment could mean...
2024-11-28

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения