{"id":26200,"date":"2024-12-06T03:18:11","date_gmt":"2024-12-06T03:18:11","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=26200"},"modified":"2024-12-06T03:18:11","modified_gmt":"2024-12-06T03:18:11","slug":"ethereum-price-gears-up-for-4000-higher-highs-in-sight","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=26200","title":{"rendered":"Ethereum Price Gears Up for $4,000: Higher Highs In Sight?"},"content":{"rendered":"

Ethereum price is rising from the $3,650 zone. ETH is gaining pace and might soon aim for a move above the $3,950 resistance zone.<\/em><\/p>\n

Ethereum remained in a positive zone and stayed above the $3,680 zone.
\nThe price is trading above $3,770 and the 100-hourly Simple Moving Average.
\nThere was a break above a short-term bearish trend line with resistance at $3,870 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to rise if it clears the $3,890 resistance zone.<\/p>\n

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

Ethereum price remained well-bid above the $3,670 support zone. ETH formed a base and recently started a fresh increase above $3,720 beating Bitcoin<\/a>. The bulls were able to push the price above the $3,780 resistance.<\/p>\n

There was a clear move above the 50% Fib retracement level of the downward move from the $3,956 swing high to the $3,680 low. Besides, there was a break above a short-term bearish trend line with resistance at $3,870 on the hourly chart of ETH\/USD.<\/p>\n

Ethereum price is now trading above $3,780 and the 100-hourly Simple Moving Average<\/a>. On the upside, the price seems to be facing hurdles near the $3,890 level. It is near the 76.4% Fib retracement level of the downward move from the $3,956 swing high to the $3,680 low.<\/p>\n

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

The first major resistance is near the $3,950 level. The main resistance is now forming near $3,980. A clear move above the $3,980 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 Pullback In ETH?<\/h2>\n

If Ethereum fails to clear the $3,890 resistance, it could start another decline. Initial support on the downside is near the $3,820 level. The first major support sits near the $3,775 zone.<\/p>\n

A clear move below the $3,775 support might push the price toward the $3,720 support. Any more losses might send the price toward the $3,650 support level in the near term. The next key support sits at $3,620.<\/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 $3,775<\/p>\n

Major Resistance Level \u2013 $3,890<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price is rising from the $3,650 zone. ETH is gaining pace and might soon aim for a move above the $3,950 resistance zone. Ethereum remained in a positive zone and stayed above the $3,680 zone. The price is trading above $3,770 and the 100-hourly Simple Moving Average. There was a break above a short-term […]<\/p>\n","protected":false},"author":0,"featured_media":26201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-26200","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\/26200"}],"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=26200"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/26200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/26201"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}