{"id":44422,"date":"2025-02-14T03:18:00","date_gmt":"2025-02-14T03:18:00","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=44422"},"modified":"2025-02-14T03:18:00","modified_gmt":"2025-02-14T03:18:00","slug":"ethereum-price-holds-ground-are-bulls-preparing-for-the-next-move","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=44422","title":{"rendered":"Ethereum Price Holds Ground\u2014Are Bulls Preparing for the Next Move?"},"content":{"rendered":"

Ethereum price is moving higher above the $2,650 zone. ETH might gain bullish momentum if it clears the $2,750 resistance zone.<\/em><\/p>\n

Ethereum started a fresh increase above the $2,620 resistance level.
\nThe price is trading above $2,650 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support at $2,640 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a decent upward move if it settles above $2,750 and $2,800.<\/p>\n

Ethereum Price Eyes Steady Increase<\/h2>\n

Ethereum price remained supported above the $2,550 level, like Bitcoin<\/a>. ETH formed a base and recently started a fresh increase above the $2,600 and $2,620 resistance levels.<\/p>\n

The bulls pumped the pair above the 23.6% Fib retracement level of the downside correction from the $2,794 swing high to the $2,614 low. The pair is now moving higher above the $2,680 level. There is also a key bullish trend line forming with support at $2,640 on the hourly chart of ETH\/USD.<\/p>\n

Ethereum price is now trading above $2,650 and the 100-hourly Simple Moving Average<\/a>. On the upside, the price seems to be facing hurdles near the $2,700 level or the 50% Fib retracement level of the downside correction from the $2,794 swing high to the $2,614 low.<\/p>\n

The first major resistance is near the $2,750 level. The main resistance is now forming near $2,800 or $2,820. A clear move above the $2,820 resistance might send the price toward the $2,920 resistance.<\/p>\n

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

An upside break above the $2,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,000 resistance zone or even $3,050 in the near term.<\/p>\n

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

If Ethereum fails to clear the $2,750 resistance, it could start another decline. Initial support on the downside is near the $2,655 level or the 100 hourly SMA. The first major support sits near the $2,620 zone or the trend line.<\/p>\n

A clear move below the $2,620 support might push the price toward the $2,600 support. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,440.<\/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 $2,620<\/p>\n

Major Resistance Level \u2013 $2,750<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price is moving higher above the $2,650 zone. ETH might gain bullish momentum if it clears the $2,750 resistance zone. Ethereum started a fresh increase above the $2,620 resistance level. The price is trading above $2,650 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,640 […]<\/p>\n","protected":false},"author":0,"featured_media":44423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-44422","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\/44422"}],"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=44422"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/44422\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/44423"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}