{"id":18826,"date":"2024-11-08T03:28:04","date_gmt":"2024-11-08T03:28:04","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=18826"},"modified":"2024-11-08T03:28:04","modified_gmt":"2024-11-08T03:28:04","slug":"ethereum-price-rise-targets-3000-will-it-cross-the-mark","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=18826","title":{"rendered":"Ethereum Price Rise Targets $3,000: Will It Cross the Mark?"},"content":{"rendered":"

Ethereum price started a fresh increase above the $2,720 resistance. ETH is up over 10% and now approaches the key barrier at $3,000.<\/em><\/p>\n

Ethereum started a fresh surge above the $2,720 resistance zone.
\nThe price is trading above $2,750 and the 100-hourly Simple Moving Average.
\nThere is a new connecting bullish trend line forming with support at $2,820 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to rise if it clears the $2,950 resistance.<\/p>\n

Ethereum Price Extends Its Increase<\/h2>\n

Ethereum price started a fresh increase above the $2,650 resistance like Bitcoin<\/a>. ETH was able to climb above the $2,720 and $2,750 resistance levels to move further into a positive zone.<\/p>\n

It even surged above the $2,850 level in the past few sessions, beating BTC. It is up over 10% and there was a move above $2,920. A high is formed at $2,955 and the price is showing signs of more upsides. It is well above the 23.6% Fib retracement level of the upward move from the $2,355 swing low to the $2,955 high.<\/p>\n

Ethereum price is now trading above $2,800 and the 100-hourly Simple Moving Average<\/a>. There is also a connecting bullish trend line forming with support at $2,820 on the hourly chart of ETH\/USD.<\/p>\n

On the upside, the price seems to be facing hurdles near the $2,920 level. The first major resistance is near the $2,950 level. The main resistance is now forming near $3,000. A clear move above the $3,000 resistance might send the price toward the $3,120 resistance.<\/p>\n

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

An upside break above the $3,120 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,250 resistance zone.<\/p>\n

Are Dips Limited In ETH?<\/h2>\n

If Ethereum fails to clear the $2,950 resistance, it could start a downside correction. Initial support on the downside is near the $2,850 level. The first major support sits near the $2,820 zone and the trend line.<\/p>\n

A clear move below the $2,820 support might push the price toward $2,720. Any more losses might send the price toward the $2,650 support level in the near term. The next key support sits at $2,550.<\/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 $2,820<\/p>\n

Major Resistance Level \u2013 $2,950<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh increase above the $2,720 resistance. ETH is up over 10% and now approaches the key barrier at $3,000. Ethereum started a fresh surge above the $2,720 resistance zone. The price is trading above $2,750 and the 100-hourly Simple Moving Average. There is a new connecting bullish trend line forming with […]<\/p>\n","protected":false},"author":0,"featured_media":18827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18826","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\/18826"}],"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=18826"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18826\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/18827"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}