{"id":66165,"date":"2025-05-14T03:18:44","date_gmt":"2025-05-14T03:18:44","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=66165"},"modified":"2025-05-14T03:18:44","modified_gmt":"2025-05-14T03:18:44","slug":"ethereum-price-pops-above-2700-rally-gains-traction-once-more","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=66165","title":{"rendered":"Ethereum Price Pops Above $2,700 \u2014 Rally Gains Traction Once More"},"content":{"rendered":"

Ethereum price extended its increase above the $2,700 zone. ETH is now correcting gains and might revisit the $2,575 support zone.<\/em><\/p>\n

Ethereum started a fresh increase and cleared the $2,700 resistance.
\nThe price is trading above $2,620 and the 100-hourly Simple Moving Average.
\nThere was a break above a connecting bearish trend line with resistance at $2,450 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could find bids near $2,575 and start a fresh increase in the near term.<\/p>\n

Ethereum Price Restarts Rally<\/h2>\n

Ethereum price remained supported and started a fresh increase<\/a> above $2,550, beating Bitcoin<\/a>. ETH gained pace for a move above the $2,620 resistance zone.<\/p>\n

There was a break above a connecting bearish trend line with resistance at $2,450 on the hourly chart of ETH\/USD. The bulls were able to push the price above the $2,700 resistance zone. A high was formed at $2,736 and the price is now correcting gains.<\/p>\n

There was a minor decline below the 23.6% Fib retracement level of the upward move from the $2,416 swing low to the $2,736 high. However, the bulls are still active above $2,620.<\/p>\n

Ethereum price is now trading above $2,640 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,720 level. The next key resistance is near the $2,735 level. The first major resistance is near the $2,750 level.<\/p>\n

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

A clear move above the $2,750 resistance might send the price toward the $2,840 resistance. An upside break above the $2,840 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,880 resistance zone or even $2,950 in the near term.<\/p>\n

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

If Ethereum fails to clear the $2,720 resistance, it could start a fresh downside correction. Initial support on the downside is near the $2,600 level. The first major support sits near the $2,575 zone and the 50% Fib retracement level of the upward move from the $2,416 swing low to the $2,736 high.<\/p>\n

A clear move below the $2,575 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350.<\/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 $2,720<\/p>\n

Major Resistance Level \u2013 $2,575<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price extended its increase above the $2,700 zone. ETH is now correcting gains and might revisit the $2,575 support zone. Ethereum started a fresh increase and cleared the $2,700 resistance. The price is trading above $2,620 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":66166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-66165","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\/66165"}],"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=66165"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/66165\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/66166"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}