{"id":37939,"date":"2025-01-22T03:28:58","date_gmt":"2025-01-22T03:28:58","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=37939"},"modified":"2025-01-22T03:28:58","modified_gmt":"2025-01-22T03:28:58","slug":"ethereum-price-poised-for-lift-off-will-an-upside-break-spark-a-surge","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=37939","title":{"rendered":"Ethereum Price Poised for Lift-Off: Will an Upside Break Spark a Surge?"},"content":{"rendered":"

Ethereum price is struggling below the $3,500 resistance while Bitcoin gains. ETH is consolidating above $3,150 and might aim for an upside break.<\/em><\/p>\n

Ethereum failed to gain pace for a close above $3,400 and $3,450.
\nThe price is trading above $3,300 and the 100-hourly Simple Moving Average.
\nThere is a key contracting triangle forming with resistance at $3,355 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start another increase if it clears the $3,400 resistance level.<\/p>\n

Ethereum Price Aims Key Upside Break<\/h2>\n

Ethereum price started a decent upward move from the $3,200 level but upsides were limited compared to Bitcoin<\/a>. ETH cleared the $3,250 resistance to move into a short-term bullish zone.<\/p>\n

The bulls were able to push the price above the $3,300 resistance zone. Besides, there was a clear move above the 50% Fib retracement level of the downward move from the $3,445 swing high to the $3,203 low. However, the bears are still active below $3,400.<\/p>\n

Ethereum price is now trading above $3,300 and the 100-hourly Simple Moving Average<\/a>. On the upside, the price seems to be facing hurdles near the $3,350 level or the 61.8% Fib retracement level of the downward move from the $3,445 swing high to the $3,203 low.<\/p>\n

There is also a key contracting triangle forming with resistance at $3,355 on the hourly chart of ETH\/USD. The first major resistance is near the $3,400 level. The main resistance is now forming near $3,445.<\/p>\n

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

A clear move above the $3,445 resistance might send the price toward the $3,550 resistance. 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 $3,300 level. The first major support sits near the $3,250.<\/p>\n

A clear move below the $3,250 support might push the price toward the $3,200 support. Any more losses might send the price toward the $3,120 support level in the near term. The next key support sits at $3,050.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing 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 $3,200<\/p>\n

Major Resistance Level \u2013 $3,400<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price is struggling below the $3,500 resistance while Bitcoin gains. ETH is consolidating above $3,150 and might aim for an upside break. Ethereum failed to gain pace for a close above $3,400 and $3,450. The price is trading above $3,300 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with […]<\/p>\n","protected":false},"author":0,"featured_media":37940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-37939","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\/37939"}],"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=37939"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/37939\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/37940"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}