Ethereum Price Revival: What the Signs Say About Its Next Move

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	2,082,926,881,275	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

2,082,926,881,275

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	1,480.37	1.42%	105,444.99	105,443.50	105,444.99

Price Change

Price Change %

Current Price

Bid Price

Offer

1,480.37

1.42%

105,444.99

105,443.50

105,444.99

High Price	Low Price	Open Price	Prev. Close	52 Week Range
105,779.94	102,751.92	103,835.33	103,964.62	39,382.15 - 109,356.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

105,779.94

102,751.92

103,835.33

103,964.62

39,382.15 - 109,356.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	11:26:37	0.000705	105,444.99	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

11:26:37

0.000705

105,444.99

USD

Price x Volume	Volume	Base Symbol	Related Pairs
482,333,185.07	4,614.01	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

482,333,185.07

4,614.01

Ethereum Price Revival: What the Signs Say About Its Next Move

24/01/2025 3:28am

NEWSBTC

Ethereum price is consolidating above the $3,180 support. ETH must clear the $3,350 resistance zone to start a fresh increase in the near term. Ethereum started a fresh increase from the $3,180 support zone. The price is trading above $3,250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it stays above the $3,220 support level. Ethereum Price Breaks Resistance Ethereum price started a decent upward move from the $3,180 level, beating Bitcoin. ETH was able to surpass the $3,220 and $3,250 resistance levels. There was a break above a key bearish trend line with resistance at $3,280 on the hourly chart of ETH/USD. The pair even surpassed $3,300 and tested $3,350. A high was formed at $3,346 and the price is now moving lower. There was a move below the $3,320 and $3,300 support levels. The price dipped below the 23.6% Fib retracement level of the upward move from the $3,181 swing low to the $3,346 high. Ethereum price is now trading above $3,250 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,350 level. The first major resistance is near the $3,370 level. The main resistance is now forming near $3,450. A clear move above the $3,450 resistance might send the price toward the $3,500 resistance. An upside break above the $3,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,550 resistance zone or even $3,580 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,350 resistance, it could start another decline. Initial support on the downside is near the $3,260 level. The first major support sits near the $3,220. A clear move below the $3,220 support might push the price toward the $3,180 support. Any more losses might send the price toward the $3,120 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 – $3,250 Major Resistance Level – $3,350

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