{"id":25879,"date":"2024-12-05T03:18:58","date_gmt":"2024-12-05T03:18:58","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=25879"},"modified":"2024-12-05T03:18:58","modified_gmt":"2024-12-05T03:18:58","slug":"ethereum-price-rockets-up-4000-target-inches-closer","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=25879","title":{"rendered":"Ethereum Price Rockets Up: $4,000 Target Inches Closer"},"content":{"rendered":"

Ethereum price is rising from the $3,550 zone. ETH is showing bullish signs and might soon aim for a move above the $3,920 resistance zone.<\/em><\/p>\n

Ethereum remained in a positive zone and stayed above the $3,650 zone.
\nThe price is trading above $3,750 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support at $3,800 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to rise if it clears the $3,880 resistance zone.<\/p>\n

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

Ethereum price remained well-bid above the $3,650 support zone. ETH formed a base and recently started a fresh increase above $3,700 like Bitcoin<\/a>. The bulls were able to push the price above the $3,800 resistance.<\/p>\n

A high was formed at $3,895 and the price is now showing many positive signs<\/a>. It is stable above the 23.6% Fib retracement level of the upward move from the $3,505 swing low to the $3,895 high. There is also a key bullish trend line forming with support at $3,800 on the hourly chart of ETH\/USD.<\/p>\n

Ethereum price is now trading above $3,750 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,895 level. The first major resistance is near the $3,920 level. The main resistance is now forming near $3,950.<\/p>\n

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

A clear move above the $3,950 resistance might send the price toward the $4,000 resistance. An upside break above the $4,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,050 resistance zone or even $4,120.<\/p>\n

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

If Ethereum fails to clear the $3,920 resistance, it could start another decline. Initial support on the downside is near the $3,800 level. The first major support sits near the $3,750 zone.<\/p>\n

A clear move below the $3,750 support might push the price toward the $3,700 support or the 50% Fib retracement level of the upward move from the $3,505 swing low to the $3,895 high. Any more losses might send the price toward the $3,650 support level in the near term. The next key support sits at $3,600.<\/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 $3,700<\/p>\n

Major Resistance Level \u2013 $3,920<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price is rising from the $3,550 zone. ETH is showing bullish signs and might soon aim for a move above the $3,920 resistance zone. Ethereum remained in a positive zone and stayed above the $3,650 zone. The price is trading above $3,750 and the 100-hourly Simple Moving Average. There is a key bullish trend […]<\/p>\n","protected":false},"author":0,"featured_media":25880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25879","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\/25879"}],"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=25879"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25880"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}