Ethereum Price Momentum Reignites As The Bulls Aim For $4K

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	360,897,765,489	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

360,897,765,489

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	27.85	0.94%	3,001.73	3,001.79	3,001.80

Price Change

Price Change %

Current Price

Bid Price

Offer

27.85

0.94%

3,001.73

3,001.79

3,001.80

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,012.82	2,970.85	2,975.17	2,973.88	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,012.82

2,970.85

2,975.17

2,973.88

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	07:43:07	0.098708	3,001.62	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

07:43:07

0.098708

3,001.62

USD

Price x Volume	Volume	Base Symbol	Related Pairs
32,163,351.75	10,738.64	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

32,163,351.75

10,738.64

Ethereum Price Momentum Reignites As The Bulls Aim For $4K

26/03/2024 8:28am

NEWSBTC

Ethereum price is attempting a fresh increase above the $3,500 zone. ETH must clear the $3,680 resistance to continue higher in the near term. Ethereum is gaining pace above the $3,500 support zone. The price is trading above $3,600 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it settles above the $3,680 resistance zone. Ethereum Price Eyes Steady Increase Ethereum price started a decent increase above the $3,550 resistance zone. ETH bulls were able to push the price in a positive zone above the $3,600 level, like Bitcoin. ETH climbed above the $3,650 resistance zone. A high was formed at $3,680 and the price is now consolidating gains. It is holding gains above the 23.6% Fib retracement level of the upward move from the $3,301 swing low to the $3,680 high. Ethereum is now trading above $3,600 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,560 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com On the upside, immediate resistance is near the $3,680 level. The first major resistance is near the $3,720 level. The next key resistance sits at $3,750, above which the price might gain bullish momentum. In the stated case, Ether could rally toward the $3,880 level. If there is a move above the $3,880 resistance, Ethereum could even climb toward the $4,000 resistance. Any more gains might call for a test of $4,080. Are Dips Limited In ETH? If Ethereum fails to clear the $3,680 resistance, it could start another decline. Initial support on the downside is near the $3,600 level. The first major support is near the $3,580 zone and the trend line. The next key support could be the $3,500 zone or the 50% Fib retracement level of the upward move from the $3,301 swing low to the $3,680 high. A clear move below the $3,500 support might send the price toward $3,380. Any more losses might send the price toward the $3,120 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 – $3,600 Major Resistance Level – $3,680

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