{"id":22573,"date":"2024-11-22T03:28:58","date_gmt":"2024-11-22T03:28:58","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=22573"},"modified":"2024-11-22T03:28:58","modified_gmt":"2024-11-22T03:28:58","slug":"ethereum-price-survives-dip-rallies-10-and-targets-more-upside","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=22573","title":{"rendered":"Ethereum Price Survives Dip: Rallies 10% and Targets More Upside"},"content":{"rendered":"

Ethereum price started a fresh increase above the $3,220 zone. ETH is rising and aiming for more gains above the $3,350 resistance.<\/em><\/p>\n

Ethereum started a fresh increase above the $3,220 and $3,300 levels.
\nThe price is trading above $3,250 and the 100-hourly Simple Moving Average.
\nThere is a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could gain bullish momentum if it clears the $3,385 resistance zone.<\/p>\n

Ethereum Price Regains Traction<\/h2>\n

Ethereum price remained supported above $3,000 and started a fresh increase like Bitcoin<\/a>. ETH gained pace for a move above the $3,150 and $3,220 resistance levels.<\/p>\n

The bulls pumped the price above the $3,300 level. It gained over 10% and traded as high as $3,387. It is now consolidating gains above the 23.6% Fib retracement level of the recent move from the $3,036 swing low to the $3,387 high.<\/p>\n

Ethereum price is now trading above $3,220 and the 100-hourly Simple Moving Average<\/a>. On the upside, the price seems to be facing hurdles near the $3,350 level. There is also a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH\/USD.<\/p>\n

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

The first major resistance is near the $3,385 level. The main resistance is now forming near $3,420. A clear move above the $3,420 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,880.<\/p>\n

Another Decline In ETH?<\/h2>\n

If Ethereum fails to clear the $3,350 resistance, it could start another decline. Initial support on the downside is near the $3,300 level. The first major support sits near the $3,250 zone.<\/p>\n

A clear move below the $3,250 support might push the price toward $3,220 or the 50% Fib retracement level of the recent move from the $3,036 swing low to the $3,387 high. Any more losses might send the price toward the $3,150 support level in the near term. The next key support sits at $3,050.<\/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 $3,250<\/p>\n

Major Resistance Level \u2013 $3,385<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh increase above the $3,220 zone. ETH is rising and aiming for more gains above the $3,350 resistance. Ethereum started a fresh increase above the $3,220 and $3,300 levels. The price is trading above $3,250 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at […]<\/p>\n","protected":false},"author":0,"featured_media":22574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-22573","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\/22573"}],"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=22573"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22573\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/22574"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}