{"id":53874,"date":"2025-03-24T03:28:00","date_gmt":"2025-03-24T03:28:00","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=53874"},"modified":"2025-03-24T03:28:00","modified_gmt":"2025-03-24T03:28:00","slug":"ethereum-price-teases-a-breakout-can-this-spark-a-momentum-shift","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=53874","title":{"rendered":"Ethereum Price Teases a Breakout\u2014Can This Spark a Momentum Shift"},"content":{"rendered":"

Ethereum price started a recovery wave above the $1,880 zone. ETH is now consolidating and facing hurdles near the $2,020 resistance.<\/em><\/p>\n

Ethereum started a recovery wave above the $1,920 level.
\nThe price is trading below $1,950 and the 100-hourly Simple Moving Average.
\nThere is a short-term rising channel forming with support at $1,980 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair must clear the $2,020 and $2,040 resistance levels to start a decent increase.<\/p>\n

Ethereum Price Faces Resistance<\/h2>\n

Ethereum price formed a base above the $1,820 level and started a recovery wave, like Bitcoin<\/a>. ETH was able to clear the $1,880 and $1,920 resistance levels.<\/p>\n

The bulls pushed the price above the $1,950 level. There was a move above the 50% Fib retracement level of the downward wave from the $2,068 swing high to the $1,936 low. However, the bears seem to be active near the $2,020 resistance zone.<\/p>\n

Ethereum price is now trading below $1,950 and the 100-hourly Simple Moving Average<\/a>. There is also a short-term rising channel forming with support at $1,980 on the hourly chart of ETH\/USD.<\/p>\n

On the upside, the price seems to be facing hurdles near the $2,020 level. The next key resistance is near the $2,040 level or the 76.4% Fib retracement level of the downward wave from the $2,068 swing high to the $1,936 low.<\/p>\n

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

The first major resistance is near the $2,040 level. A clear move above the $2,040 resistance might send the price toward the $2,120 resistance. An upside break above the $2,120 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,150 resistance zone or even $2,250 in the near term.<\/p>\n

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

If Ethereum fails to clear the $2,040 resistance, it could start another decline. Initial support on the downside is near the $1,980 level. The first major support sits near the $1,950 zone.<\/p>\n

A clear move below the $1,950 support might push the price toward the $1,880 support. Any more losses might send the price toward the $1,850 support level in the near term. The next key support sits at $1,800.<\/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 $1,880<\/p>\n

Major Resistance Level \u2013 $2,040<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a recovery wave above the $1,880 zone. ETH is now consolidating and facing hurdles near the $2,020 resistance. Ethereum started a recovery wave above the $1,920 level. The price is trading below $1,950 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $1,980 on the […]<\/p>\n","protected":false},"author":0,"featured_media":53875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53874","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\/53874"}],"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=53874"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/53874\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/53875"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}