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BTCUSD Bitcoin

101,020.47

-172.74 (-0.17%)

08:49:22 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,994,712,323,424	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-172.74	-0.17%	101,020.47	101,020.46	101,020.47

High Price	Low Price	Open Price	Prev. Close	52 Week Range
101,953.03	100,400.01	101,151.30	101,193.21	38,501.00 - 104,000.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:49:23	0.000062	101,020.47	USD

Price x Volume	Volume	Base Symbol	Related Pairs
430,820,504.00	4,264.53	BTC	BTCEUR	BTCGBP	ETHBTC

Ethereum Price Preps for Breakout: Will Bulls Drive a Massive Upswing?

12/12/2024 3:28am

NEWSBTC

Ethereum price started a decent increase above the $3,650 zone. ETH is now rising and might aim for a move above the $3,900 resistance zone. Ethereum started a decent increase above $3,650 and $3,680. The price is trading below $3,750 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,720 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $3,850 and $3,900 resistance levels. Ethereum Price Eyes More Gains Ethereum price remained stable above $3,500 and started a fresh increase like Bitcoin. ETH was able to climb above the $3,650 and $3,720 resistance levels. There was a break above a key bearish trend line with resistance at $3,720 on the hourly chart of ETH/USD. The bulls pushed the pair above the 50% Fib retracement level of the downward wave from the $4,015 swing high to the $3,488 low. The price even spiked above the $3,800 resistance zone. 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 $3,850 level. The first major resistance is near the $3,890 level or the 76.4% Fib retracement level of the downward wave from the $4,015 swing high to the $3,488 low. The main resistance is now forming near $4,000. A clear move above the $4,000 resistance might send the price toward the $4,050 resistance. An upside break above the $4,050 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,150 resistance zone or even $4,220. Another Drop In ETH? If Ethereum fails to clear the $3,890 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 $3,650 support. Any more losses might send the price toward the $3,550 support level in the near term. The next key support sits at $3,500. 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 – $3,750 Major Resistance Level – $3,890

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