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ETHUSD Ethereum

2,977.76

-9.08 (-0.30%)

09:49:29 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	357,357,820,369	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-9.08	-0.30%	2,977.76	2,977.59	2,977.76

High Price	Low Price	Open Price	Prev. Close	52 Week Range
2,999.99	2,909.35	2,984.13	2,986.84	1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	09:51:10	0.007824	2,974.64	USD

Price x Volume	Volume	Base Symbol	Related Pairs
82,156,116.99	27,774.81	ETH	ETHEUR	ETHGBP	ETHBTC

Ethereum Price Rises Amid Challenges: Will ETH Break Above $3,200?

12/07/2024 4:18am

NEWSBTC

Ethereum price extended its increase above the $3,120 resistance zone. ETH could soon aim for a move above the $3,200 resistance. Ethereum is slowly moving higher above the $3,080 level. The price is trading above $3,080 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise steadily if there is a close above the $3,200 resistance zone. Ethereum Price Outperforms Bitcoin Ethereum price extended its recovery wave above the $3,050 resistance zone. ETH even climbed above the $3,150 resistance. Finally, there was a spike above the $3,200 resistance, outperforming Bitcoin. It tested the $3,220 resistance zone. A high was formed at $3,213 and the price is now correcting gains. There was a minor decline below $3,150. The price tested the 50% Fib retracement level of the upward move from the $2,894 swing low to the $3,213 high. Ethereum is now trading above $3,080 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $3,070 on the hourly chart of ETH/USD. On the upside, the price is facing resistance near the $3,140 level. The first major resistance is near the $3,200 level. The next major hurdle is near the $3,220 level. A close above the $3,220 level might send Ether toward the $3,320 resistance. The next key resistance is near $3,440. An upside break above the $3,440 resistance might send the price higher toward the $3,550 resistance zone in the coming days. Are Dips Supported In ETH? If Ethereum fails to clear the $3,140 resistance, it could start another decline. Initial support on the downside is near $3,070 and the trend line. The first major support sits near the $3,000 zone and the 61.8% Fib retracement level of the upward move from the $2,894 swing low to the $3,213 high. A clear move below the $3,000 support might push the price toward $2,970. Any more losses might send the price toward the $2,895 support level in the near term. The next key support sits at $2,820. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,070 Major Resistance Level – $3,200

1 Year Ethereum Chart

1 Year Ethereum Chart

1 Month Ethereum Chart

1 Month Ethereum Chart

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