{"id":118059,"date":"2025-12-05T03:08:36","date_gmt":"2025-12-05T03:08:36","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=118059"},"modified":"2025-12-05T03:08:36","modified_gmt":"2025-12-05T03:08:36","slug":"ethereum-tightens-uptrend-structure-as-market-eyes-another-wave-of-gains","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=118059","title":{"rendered":"Ethereum Tightens Uptrend Structure as Market Eyes Another Wave of Gains"},"content":{"rendered":"

Ethereum price started a fresh increase above $3,20<\/em>0. ETH is now consolidating gains and might aim for more gains above $3,250.<\/em><\/p>\n

Ethereum started a fresh increase above the $3,050 and $3,120 levels.
\nThe price is trading above $3,120 and the 100-hourly Simple Moving Average.
\nThere is a short-term contracting triangle forming with support at $3,130 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move up if it settles above the $3,240 zone.<\/p>\n

Ethereum Price Eyes Another Upside Break<\/h2>\n

Ethereum price managed to stay above $2,920 and started a fresh increase, like Bitcoin<\/a>. ETH price gained strength for a move above the $3,000 and $3,050 resistance levels.<\/p>\n

The bulls even pumped the price above $3,150. \u00a0However, the bulls struggled to clear $3,240 and $3,250. A high was formed at $3,239 and the price recently corrected some gains. There was a spike below the 23.6% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low.<\/p>\n

Ethereum price is now trading above $3,120 and the 100-hourly Simple Moving Average<\/a>. There is also a short-term contracting triangle forming with support at $3,130 on the hourly chart of ETH\/USD.<\/p>\n

<\/a><\/p>\n

If there is another upward move, the price could face resistance near the $3,200 level. The next key resistance is near the $3,240 level. The first major resistance is near the $3,250 level. A clear move above the $3,250 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term.<\/p>\n

Downside Correction In ETH?<\/h2>\n

If Ethereum fails to clear the $3,240 resistance, it could start a fresh decline. Initial support on the downside is near the $3,120 level. The first major support sits near the $3,050 zone.<\/p>\n

A clear move below the $3,050 support might push the price toward the $3,000 support. Any more losses might send the price toward the $2,980 region and the 50% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low in the near term. The next key support sits at $2,850 and $2,840.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now above the 50 zone.<\/p>\n

Major Support Level \u2013 $3,130<\/p>\n

Major Resistance Level \u2013 $3,240<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh increase above $3,200. ETH is now consolidating gains and might aim for more gains above $3,250. Ethereum started a fresh increase above the $3,050 and $3,120 levels. The price is trading above $3,120 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $3,130 […]<\/p>\n","protected":false},"author":0,"featured_media":118060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-118059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/118059"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=118059"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/118059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/118060"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=118059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=118059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=118059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}