Ethereum Price Prepares To Go On Another Bullish Spree, Key Support Intact

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	398,895,099,023	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

398,895,099,023

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	48.65	1.49%	3,324.34	3,324.34	3,324.35

Price Change

Price Change %

Current Price

Bid Price

Offer

48.65

1.49%

3,324.34

3,324.35

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,327.60	3,242.86	3,268.77	3,275.69	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,327.60

3,242.86

3,268.77

3,275.69

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	15:04:24	0.004221	3,324.34	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

15:04:24

0.004221

3,324.34

USD

Price x Volume	Volume	Base Symbol	Related Pairs
72,665,077.02	22,181.20	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

72,665,077.02

22,181.20

Ethereum Price Prepares To Go On Another Bullish Spree, Key Support Intact

29/02/2024 4:07am

NEWSBTC

Ethereum price climbed to a new multi-month high above $3,400. ETH is consolidating like Bitcoin and seems to be setting up for another bullish spree. Ethereum extended its increase above the $3,400 resistance zone. The price is trading above $3,350 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct lower, but dips might be limited below the $3,250 support zone. Ethereum Price Extends Rally Ethereum price remained in a bullish zone after it settled above the $3,000 pivot level. Bitcoin saw strong moves above the $60,000 resistance. It even rallied toward the $64,000 level. ETH also started a decent increase and cleared the $3,320 resistance. It surged over 10% and even tested the $3,500 level. A new multi-month high was formed near $3,496 before there was a sharp decline. A low was formed at $3,111 and the price is now attempting a fresh increase. It is still above the 23.6% Fib retracement level of the upward wave from the $3,111 swing low to the $3,465 high. Ethereum is now trading above $3,350 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,250 on the hourly chart of ETH/USD. The trend line is close to the 61.8% Fib retracement level of the upward wave from the $3,111 swing low to the $3,465 high. Immediate resistance on the upside is near the $3,450 level. The first major resistance is near the $3,500 level. The next major resistance is near $3,550, above which the price might gain bullish momentum. Source: ETHUSD on TradingView.com If there is a move above the $3,550 resistance, Ether could even rally toward the $3,680 resistance. Any more gains might call for a test of $3,800. Downside Correction In ETH? If Ethereum fails to clear the $3,450 resistance, it could start a downside correction. Initial support on the downside is near the $3,380 level. The first major support is near the $3,285 zone. The next key support could be the $3,250 zone and the trend line. A clear move below the $3,250 support might send the price toward $3,120. Any more losses might send the price toward the $3,050 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 – $3,285 Major Resistance Level – $3,450

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

ETHUSD Ethereum