Ethereum Price Could Regain Strength If It Clears This Key Hurdle

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	359,328,461,916	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

359,328,461,916

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-14.37	-0.48%	2,991.66	2,991.56	2,991.66

Price Change

Price Change %

Current Price

Bid Price

Offer

-14.37

-0.48%

2,991.66

2,991.56

2,991.66

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,038.17	2,977.67	3,013.33	3,006.03	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,038.17

2,977.67

3,013.33

3,006.03

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	13:02:20	0.002981	2,991.66	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

13:02:20

0.002981

2,991.66

USD

Price x Volume	Volume	Base Symbol	Related Pairs
69,067,656.51	22,960.57	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

69,067,656.51

22,960.57

Ethereum Price Could Regain Strength If It Clears This Key Hurdle

25/03/2024 4:12am

NEWSBTC

Ethereum price is attempting a fresh increase wave above the $3,400 zone. ETH must clear the $3,580 resistance to continue higher in the near term. Ethereum is holding gains above the $3,250 support zone. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it settles above the $3,500 resistance zone. Ethereum Price Eyes Fresh Increase Ethereum price remained stable above the $3,250 support zone. ETH formed a base and started a fresh increase above the $3,350 resistance level, like Bitcoin. ETH climbed above the $3,400 resistance zone. There was a move above the 50% Fib retracement level of the downward move from the $3,587 swing high to the $3,250 low. There was a break above a key bearish trend line with resistance at $3,400 on the hourly chart of ETH/USD. Ethereum is now trading above $3,400 and the 100-hourly Simple Moving Average. On the upside, immediate resistance is near the $3,500 level. It is near the 76.4% Fib retracement level of the downward move from the $3,587 swing high to the $3,250 low. Source: ETHUSD on TradingView.com The first major resistance is near the $3,550 level. The next key resistance sits at $3,580, above which the price might gain bullish momentum. In the stated case, Ether could rally toward the $3,720 level. If there is a move above the $3,720 resistance, Ethereum could even climb toward the $3,880 resistance. Any more gains might call for a test of $4,000. 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 $3,400 level. The first major support is near the $3,250 zone. The next key support could be the $3,060 zone. A clear move below the $3,060 support might send the price toward $3,000. Any more losses might send the price toward the $2,880 level. 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 level. Major Support Level – $3,400 Major Resistance Level – $3,580

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