{"id":25553,"date":"2024-12-04T03:18:11","date_gmt":"2024-12-04T03:18:11","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=25553"},"modified":"2024-12-04T03:18:11","modified_gmt":"2024-12-04T03:18:11","slug":"ethereum-price-holds-steady-4k-remains-the-goal","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=25553","title":{"rendered":"Ethereum Price Holds Steady, $4K Remains The Goal"},"content":{"rendered":"

Ethereum price is recovering higher from the $3,500 zone. ETH is showing bullish signs and might soon aim for a move above the $3,700 resistance zone.<\/em><\/p>\n

Ethereum remained in a positive zone and stayed above the $3,500 zone.
\nThe price is trading above $3,620 and the 100-hourly Simple Moving Average.
\nThere was a break above a connecting bearish trend line with resistance at $3,600 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could restart its increase if it clears the $3,700 zone.<\/p>\n

Ethereum Price Makes Fresh Increase<\/h2>\n

Ethereum price failed to clear the $3,680 resistance zone and corrected some gains like Bitcoin<\/a>. ETH declined below the $3,600 and $3,550 support levels. It even retested the $3,500 support level.<\/p>\n

A low was formed at $3,505 and the price is now attempting a fresh increase. There was a move above the $3,600 and $3,620 levels. The price cleared the 50% Fib retracement level of the downward move from the $3,760 swing high to the $3,505 low.<\/p>\n

Besides, there was a break above a connecting bearish trend line with resistance at $3,600 on the hourly chart of ETH\/USD. Ethereum price is now trading above $3,600 and the 100-hourly Simple Moving Average<\/a>.<\/p>\n

On the upside, the price seems to be facing hurdles near the $3,680 level. The first major resistance is near the $3,700 level or the 76.4% Fib retracement level of the downward move from the $3,760 swing high to the $3,505 low. The main resistance is now forming near $3,750.<\/p>\n

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

A clear move above the $3,750 resistance might send the price toward the $3,880 resistance. An upside break above the $3,880 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,000 resistance zone or even $4,120.<\/p>\n

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

If Ethereum fails to clear the $3,700 resistance, it could start another decline. Initial support on the downside is near the $3,600 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 $3,500 support. Any more losses might send the price toward the $3,420 support level in the near term. The next key support sits at $3,350.<\/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 $3,600<\/p>\n

Major Resistance Level \u2013 $3,700<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price is recovering higher from the $3,500 zone. ETH is showing bullish signs and might soon aim for a move above the $3,700 resistance zone. Ethereum remained in a positive zone and stayed above the $3,500 zone. The price is trading above $3,620 and the 100-hourly Simple Moving Average. There was a break above […]<\/p>\n","protected":false},"author":0,"featured_media":25554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25553","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\/25553"}],"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=25553"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25553\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25554"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}