{"id":32632,"date":"2025-01-02T03:38:06","date_gmt":"2025-01-02T03:38:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=32632"},"modified":"2025-01-02T03:38:06","modified_gmt":"2025-01-02T03:38:06","slug":"ethereum-price-stays-resilient-a-gradual-increase-in-sight","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=32632","title":{"rendered":"Ethereum Price Stays Resilient: A Gradual Increase in Sight?"},"content":{"rendered":"

Ethereum price started a fresh recovery wave from the $3,320 zone. ETH is consolidating and aims for a fresh increase above the $3,450 resistance.<\/em><\/p>\n

Ethereum started a decent recovery wave above the $3,350 zone.
\nThe price is trading above $3,365 and the 100-hourly Simple Moving Average.
\nThere was a break above a short-term declining channel 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 $3,450 resistance level.<\/p>\n

Ethereum Price Holds Support<\/h2>\n

Ethereum price remained stable above the $3,250 level and started a fresh recovery wave<\/a> like Bitcoin<\/a>. ETH gained pace for a move above the $3,320 and $3,350 resistance levels.<\/p>\n

There was a break above a short-term declining channel with resistance at $3,350 on the hourly chart of ETH\/USD. The pair surpassed the 50% Fib retracement level of the recent decline from the $3,444 swing high to the $3,310 low.<\/p>\n

Ethereum price is now trading above $3,365 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,400 level. It is close to the 76.4% Fib retracement level of the recent decline from the $3,444 swing high to the $3,310 low.<\/p>\n

The first major resistance is near the $3,420 level. The main resistance is now forming near $3,450. A clear move above the $3,450 resistance might send the price toward the $3,550 resistance.<\/p>\n

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

An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,720 in the near term.<\/p>\n

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

If Ethereum fails to clear the $3,400 resistance, it could start another decline. Initial support on the downside is near the $3,360 level. The first major support sits near the $3,320.<\/p>\n

A clear move below the $3,320 support might push the price toward the $3,250 support. Any more losses might send the price toward the $3,200 support level in the near term. The next key support sits at $3,120.<\/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 $3,320<\/p>\n

Major Resistance Level \u2013 $3,450<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh recovery wave from the $3,320 zone. ETH is consolidating and aims for a fresh increase above the $3,450 resistance. Ethereum started a decent recovery wave above the $3,350 zone. The price is trading above $3,365 and the 100-hourly Simple Moving Average. There was a break above a short-term declining channel […]<\/p>\n","protected":false},"author":0,"featured_media":32633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-32632","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\/32632"}],"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=32632"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/32632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/32633"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}