Ethereum Leaps 5%, Crosses $3,300: Bulls Command The Market

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,152,809,191,111	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,152,809,191,111

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	92.36	0.16%	58,685.96	58,685.83	58,685.84

Price Change

Price Change %

Current Price

Bid Price

Offer

92.36

0.16%

58,685.96

58,685.83

58,685.84

High Price	Low Price	Open Price	Prev. Close	52 Week Range
58,781.41	58,222.39	58,593.60	58,593.60	24,900.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

58,781.41

58,222.39

58,593.60

24,900.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:19:05	0.000032	58,683.91	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

08:19:05

0.000032

58,683.91

USD

Price x Volume	Volume	Base Symbol	Related Pairs
140,618,297.11	2,403.06	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

140,618,297.11

2,403.06

Ethereum Leaps 5%, Crosses $3,300: Bulls Command The Market

15/07/2024 5:18am

NEWSBTC

Ethereum price started a major increase above the $3,250 resistance zone. ETH even surpassed $3,300 and aims for more upsides in the near term. Ethereum is gaining pace above the $3,250 level. The price is trading above $3,250 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,270 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise above the $3,320 and $3,350 resistance levels. Ethereum Price Regains Strength Ethereum price started a steady increase above the $3,150 resistance zone. ETH even climbed above the $3,250 resistance to move into a positive zone. Finally, there was a move above the $3,300 resistance, like Bitcoin. It tested the $3,250 resistance zone. A high was formed at $3,339 and the price is now consolidating gains. The bulls seem to be active well above the 23.6% Fib retracement level of the upward move from the $3,084 swing low to the $3,339 high. Ethereum is now trading above $3,280 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $3,270 on the hourly chart of ETH/USD. On the upside, the price is facing resistance near the $3,340 level. The first major resistance is near the $3,350 level. The next major hurdle is near the $3,420 level. A close above the $3,420 level might send Ether toward the $3,500 resistance. The next key resistance is near $3,550. An upside break above the $3,550 resistance might send the price higher toward the $3,650 resistance zone in the coming days. Are Dips Supported In ETH? If Ethereum fails to clear the $3,340 resistance, it could start a downside correction. Initial support on the downside is near $3,270 and the trend line. The first major support sits near the $3,220 zone. A clear move below the $3,220 support might push the price toward $3,200 or the 50% Fib retracement level of the upward move from the $3,084 swing low to the $3,339 high. Any more losses might send the price toward the $3,150 support level in the near term. The next key support sits at $3,050. 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 – $3,270 Major Resistance Level – $3,340

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