Ethereum Price Hints at Upside: Analyzing The Bullish Signals

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	410,628,827,502	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

410,628,827,502

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	40.65	1.21%	3,413.77	3,413.77	3,413.78

Price Change

Price Change %

Current Price

Bid Price

Offer

40.65

1.21%

3,413.77

3,413.78

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,429.78	3,347.21	3,374.12	3,373.12	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,429.78

3,347.21

3,374.12

3,373.12

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	22:10:16	0.012181	3,413.78	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

22:10:16

0.012181

3,413.78

USD

Price x Volume	Volume	Base Symbol	Related Pairs
97,096,887.01	28,674.23	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

97,096,887.01

28,674.23

Ethereum Price Hints at Upside: Analyzing The Bullish Signals

28/06/2024 4:28am

NEWSBTC

Ethereum price is attempting a fresh increase above the $3,420 resistance zone. ETH is now struggling to clear the $3,480 and $3,520 resistance levels. Ethereum slowly moved higher above the $3,420 zone. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $3,390 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $3,480 and $3,520 resistance levels to continue higher. Ethereum Price Recovers Slightly Ethereum price started a decent recovery wave above the $3,350 level. ETH even cleared the $3,400 level and outperformed Bitcoin. There was a break above a connecting bearish trend line with resistance near $3,390 on the hourly chart of ETH/USD. The pair even cleared the $3,450 resistance zone. A high was formed at $3,482 and the price is now consolidating gains. There was a move below the $3,450 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $3,328 swing low to the $3,482 high. The bulls are now trying to protect more downsides below the $3,420 level. Ethereum is trading above $3,400 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $3,480 level. The first major resistance is near the $3,500 level. The next major hurdle is near the $3,520 level. A close above the $3,520 level might send Ether toward the $3,550 resistance. The next key resistance is near $3,620. An upside break above the $3,620 resistance might send the price higher. Any more gains could send Ether toward the $3,740 resistance zone. Another Drop In ETH? If Ethereum fails to clear the $3,480 resistance, it could start another decline. Initial support on the downside is near $3,420. The first major support sits near the $3,400 zone and the 50% Fib retracement level of the upward move from the $3,328 swing low to the $3,482 high. A clear move below the $3,400 support might push the price toward $3,320. Any more losses might send the price toward the $3,240 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 now above the 50 zone. Major Support Level – $3,400 Major Resistance Level – $3,480

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ETHUSD Ethereum