{"id":24126,"date":"2024-11-28T03:18:17","date_gmt":"2024-11-28T03:18:17","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=24126"},"modified":"2024-11-28T03:18:17","modified_gmt":"2024-11-28T03:18:17","slug":"ethereum-price-powers-ahead-with-a-10-surge-more-to-come","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=24126","title":{"rendered":"Ethereum Price Powers Ahead with a 10% Surge: More to Come?"},"content":{"rendered":"

Ethereum price remained supported above the $3,250 zone. ETH started a fresh surge and cleared the $3,550 resistance zone.<\/em><\/p>\n

Ethereum started a fresh increase from the $3,250 support zone.
\nThe price is trading above $3,500 and the 100-hourly Simple Moving Average.
\nThere was a break above a connecting bearish trend line with resistance at $3,375 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair is up nearly 10% and now consolidates gains near the $3,650 zone.<\/p>\n

Ethereum Price Starts Fresh Surge<\/h2>\n

Ethereum price remained supported above $3,250 and started a fresh increase bearing Bitcoin<\/a>. ETH was able to surpass the $3,350 and $3,400 resistance levels.<\/p>\n

There was a break above a connecting bearish trend line with resistance at $3,375 on the hourly chart of ETH\/USD. The bulls pumped the price above the $3,500 and $3,550 resistance levels. It gained nearly 10% and traded as high as $3,688.<\/p>\n

The price is now correcting gains below the $3,650 level. Ethereum price is now trading above $3,550 and the 100-hourly Simple Moving Average<\/a>. It is also above the 23.6% Fib retracement level of the upward move from the $3,254 swing low to the $3,688 high.<\/p>\n

On the upside, the price seems to be facing hurdles near the $3,650 level. The first major resistance is near the $3,685 level. The main resistance is now forming near $3,720.<\/p>\n

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

A clear move above the $3,720 resistance might send the price toward the $3,840 resistance. An upside break above the $3,840 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,950 resistance zone or even $4,000.<\/p>\n

Downsides Supported In ETH?<\/h2>\n

If Ethereum fails to clear the $3,685 resistance, it could start another decline. Initial support on the downside is near the $3,585 level. The first major support sits near the $3,550 zone.<\/p>\n

A clear move below the $3,550 support might push the price toward the 50% Fib retracement level of the upward move from the $3,254 swing low to the $3,688 high at $3,470. Any more losses might send the price toward the $3,350 support level in the near term. The next key support sits at $3,250.<\/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 $3,485<\/p>\n

Major Resistance Level \u2013 $3,685<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price remained supported above the $3,250 zone. ETH started a fresh surge and cleared the $3,550 resistance zone. Ethereum started a fresh increase from the $3,250 support zone. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $3,375 […]<\/p>\n","protected":false},"author":0,"featured_media":24127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-24126","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\/24126"}],"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=24126"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/24126\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/24127"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}