Ethereum Price Steadies: Bulls Push for a Controlled Comeback

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,672,939,263,386	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,672,939,263,386

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	194.19	0.23%	84,325.45	84,316.55	84,324.27

Price Change

Price Change %

Current Price

Bid Price

Offer

194.19

0.23%

84,325.45

84,316.55

84,324.27

High Price	Low Price	Open Price	Prev. Close	52 Week Range
84,428.12	84,141.47	84,213.37	84,131.26	49,050.01 - 109,356.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

84,428.12

84,141.47

84,213.37

84,131.26

49,050.01 - 109,356.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	00:19:14	0.000041	84,325.46	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

00:19:14

0.000041

84,325.46

USD

Price x Volume	Volume	Base Symbol	Related Pairs
5,062,952.23	60.03	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

5,062,952.23

60.03

Ethereum Price Steadies: Bulls Push for a Controlled Comeback

03/01/2025 3:28am

NEWSBTC

Ethereum price started a fresh recovery wave above the $3,400 zone. ETH is consolidating and aims for a fresh increase above the $3,500 resistance. Ethereum started a decent recovery wave above the $3,450 zone. The price is trading above $3,420 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $3,500 resistance level. Ethereum Price Rises Steadily Ethereum price remained stable above the $3,320 level and extended its recovery wave like Bitcoin. ETH gained pace for a move above the $3,350 and $3,420 resistance levels. The bulls were able to surpass the $3,450 resistance level. It opened the doors for a move toward the $3,500 level. A high was formed at $3,502 and the price is now consolidating gains. There was a minor dip below the 23.6% Fib retracement level of the upward move from the $3,310 swing low to the $3,502 high. Ethereum price is now trading above $3,400 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $3,420 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $3,480 level. The first major resistance is near the $3,500 level. The main resistance is now forming near $3,550. A clear move above the $3,550 resistance might send the price toward the $3,650 resistance. An upside break above the $3,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,780 resistance zone or even $3,880 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,500 resistance, it could start another decline. Initial support on the downside is near the $3,420 level and the trend line. The first major support sits near the $3,400 or the 50% Fib retracement level of the upward move from the $3,310 swing low to the $3,502 high. A clear move below the $3,400 support might push the price toward the $3,350 support. Any more losses might send the price toward the $3,280 support level in the near term. The next key support sits at $3,220. 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 – $3,400 Major Resistance Level – $3,500

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