Ethereum Price Uptrend To Continue? These Could Be The Factors To Watch

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	12,093,676,698	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

12,093,676,698

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.000179	-0.13%	0.137385	0.137385	0.137416

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.000179

-0.13%

0.137385

0.137416

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.137743	0.136943	0.137564	0.137564	0.071373 - 0.144371

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.137743

0.136943

0.137564

0.071373 - 0.144371

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	14:54:36	373.95	0.137385	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

14:54:36

373.95

0.137385

USD

Price x Volume	Volume	Base Symbol	Related Pairs
36,184.56	263,616.42	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

36,184.56

263,616.42

Ethereum Price Uptrend To Continue? These Could Be The Factors To Watch

01/03/2024 4:08am

NEWSBTC

Ethereum price climbed to a new multi-month high above $3,500. ETH is correcting gains like Bitcoin and might find strong bids near the $3,250 zone. Ethereum extended its increase above the $3,500 resistance zone. The price is trading above $3,300 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support at $3,260 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct lower, but dips might be limited below the $3,260 support zone. Ethereum Price Eyes Fresh Increase Ethereum price gained pace after it broke the $3,200 resistance zone, like Bitcoin. ETH cleared many hurdles near the $3,320 and $3,400 levels. Finally, it spiked above the $3,500 level. A new multi-month high was formed near $3,515 before there was a downside correction. The price declined below the $3,420 and $3,400 levels. It even tested the 50% Fib retracement level of the upward wave from the $3,110 swing low to the $3,515 high. Ethereum is now trading above $3,300 and the 100-hourly Simple Moving Average. There is also a major bullish trend line forming with support at $3,260 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 $3,110 swing low to the $3,515 high. Immediate resistance on the upside is near the $3,420 level. The first major resistance is near the $3,450 level. The next major resistance is near $3,500, above which the price might gain bullish momentum. Source: ETHUSD on TradingView.com If there is a move above the $3,500 resistance, Ether could even rally toward the $3,620 resistance. Any more gains might call for a test of $3,800. Are Dips Supported In ETH? If Ethereum fails to clear the $3,420 resistance, it could start a downside correction. Initial support on the downside is near the $3,310 level. The first major support is near the $3,260 zone or the trend line. The next key support could be the $3,250 zone. 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 losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $3,260 Major Resistance Level – $3,420

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