{"id":23173,"date":"2024-11-25T03:38:58","date_gmt":"2024-11-25T03:38:58","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=23173"},"modified":"2024-11-25T03:38:58","modified_gmt":"2024-11-25T03:38:58","slug":"ethereum-price-poised-for-gains-3600-within-reach","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=23173","title":{"rendered":"Ethereum Price Poised for Gains: $3,600 Within Reach?"},"content":{"rendered":"

Ethereum price started a fresh increase above the $3,320 zone. ETH is rising and aiming for more gains above the $3,500 resistance.<\/em><\/p>\n

Ethereum started a fresh increase above the $3,300 and $3,320 levels.
\nThe price is trading above $3,300 and the 100-hourly Simple Moving Average.
\nThere is a short-term bearish trend line forming with resistance at $3,350 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could gain bullish momentum if it clears the $3,420 resistance zone.<\/p>\n

Ethereum Price Eyes More Gains<\/h2>\n

Ethereum price remained supported above $3,120 and started a fresh increase like Bitcoin<\/a>. ETH gained pace for a move above the $3,220 and $3,300 resistance levels.<\/p>\n

The bulls pumped the price above the $3,400 level. It gained over 10%<\/a> and traded as high as $3,499. Recently, there was a downside correction below $3,400. The price dipped below $3,320 and tested $3,280. A low was formed at $3,288 and the price is now consolidating above the 23.6% Fib retracement level of the recent decline from the $3,499 swing high to the $3,288 low.<\/p>\n

Ethereum price is now trading above $3,300 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,350 level. There is also a short-term bearish trend line forming with resistance at $3,350 on the hourly chart of ETH\/USD.<\/p>\n

The first major resistance is near the $3,400 level. The main resistance is now forming near $3,420 or the 61.8% Fib retracement level of the recent decline from the $3,499 swing high to the $3,288 low.<\/p>\n

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

A clear move above the $3,420 resistance might send the price toward the $3,500 resistance. An upside break above the $3,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,600 resistance zone or even $3,620.<\/p>\n

Downsides Limited 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 $3,320 level. The first major support sits near the $3,285 zone.<\/p>\n

A clear move below the $3,285 support might push the price toward $3,220. Any more losses might send the price toward the $3,120 support level in the near term. The next key support sits at $3,040.<\/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 $3,300<\/p>\n

Major Resistance Level \u2013 $3,350<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh increase above the $3,320 zone. ETH is rising and aiming for more gains above the $3,500 resistance. Ethereum started a fresh increase above the $3,300 and $3,320 levels. The price is trading above $3,300 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":23174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-23173","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\/23173"}],"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=23173"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23173\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/23174"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}