Ethereum Price Sets Sights on New Peaks: Anticipating a Bullish Breakout

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,312,424,759,770	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,312,424,759,770

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	136.02	0.20%	66,775.02	66,775.01	66,775.02

Price Change

Price Change %

Current Price

Bid Price

Offer

136.02

0.20%

66,775.02

66,775.01

66,775.02

High Price	Low Price	Open Price	Prev. Close	52 Week Range
67,274.96	65,050.00	66,636.61	66,639.00	24,900.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

67,274.96

65,050.00

66,636.61

66,639.00

24,900.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	20:34:16	0.000415	66,775.02	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

20:34:16

0.000415

66,775.02

USD

Price x Volume	Volume	Base Symbol	Related Pairs
985,425,394.54	14,900.15	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

985,425,394.54

14,900.15

Ethereum Price Sets Sights on New Peaks: Anticipating a Bullish Breakout

27/05/2024 2:58am

NEWSBTC

Ethereum price is again moving higher above the $3,800 resistance. ETH is now consolidating near $3,850 and is eyeing an upside break above $4,000 in the near term. Ethereum started a fresh increase above the $3,750 resistance. The price is trading above $3,750 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is a break below the $3,540 support. Ethereum Price Remains Supported for More Upsides Ethereum price remained stable above the $3,540 support zone. ETH formed a base, outperformed Bitcoin, and started another increase above the $3,650 level. There was a move above the $3,750 resistance. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $3,944 swing high to the $3,530 low. There is also a key bullish trend line forming with support at $3,780 on the hourly chart of ETH/USD. Ethereum price is trading above $3,750 and the 100-hourly Simple Moving Average. It is also above the 76.4% Fib retracement level of the downward move from the $3,944 swing high to the $3,530 low. Immediate resistance is near the $3,880 level. The first major resistance is near the $3,920 level. An upside break above the $3,920 resistance might send the price higher. The next key resistance sits at $4,000, above which the price might gain traction and rise toward the $4,080 level. If there is a clear move above the $4,080 level, the price might rise and test the $4,220 resistance. Any more gains could send Ether toward the $4,350 resistance zone. Another Drop In ETH? If Ethereum fails to clear the $3,880 resistance, it could start another downside correction. Initial support on the downside is near the $3,800 level and the trend line. The next major support is near the $3,735 zone. A clear move below the $3,735 support might push the price toward $3,630. Any more losses might send the price toward the $3,540 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is still above the 50 zone. Major Support Level – $3,800 Major Resistance Level – $3,880

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