{"id":69986,"date":"2025-05-29T02:58:26","date_gmt":"2025-05-29T02:58:26","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=69986"},"modified":"2025-05-29T02:58:26","modified_gmt":"2025-05-29T02:58:26","slug":"ethereum-price-flexes-strength-outpaces-bitcoin-with-bullish-breakout","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=69986","title":{"rendered":"Ethereum Price Flexes Strength \u2014 Outpaces Bitcoin With Bullish Breakout"},"content":{"rendered":"

Ethereum price found support at $2,550 and started a fresh increase. ETH is now up over 5% and might attempt to clear the $2,800 resistance.<\/em><\/p>\n

Ethereum started a decent increase above the $2,550 and $2,720 levels.
\nThe price is trading near $2,720 and the 100-hourly Simple Moving Average.
\nThere is a new connecting bullish trend line forming with support at $2,610 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could extend gains if it clears the $2,800 resistance zone in the near term.<\/p>\n

Ethereum Price Rallies Over 5%<\/h2>\n

Ethereum price started a fresh increase<\/a> from the $2,550 support zone, beating Bitcoin<\/a>. ETH price was able to recover above the $2,620 and $2,650 resistance levels.<\/p>\n

The price even surpassed the $2,720 level. However, the bears were active near the $2,785 resistance zone. The price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $2,610 swing low to the $2,787 high.<\/p>\n

Ethereum price is now trading near $2,720 and the 100-hourly Simple Moving Average. There is also a new connecting bullish trend line forming with support at $2,610 on the hourly chart of ETH\/USD.<\/p>\n

On the upside, the price could face resistance near the $2,780 level. The next key resistance is near the $2,800 level. The first major resistance is near the $2,7=840 level. A clear move above the $2,840 resistance might send the price toward the $2,880 resistance.<\/p>\n

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

An upside break above the $2,800 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,920 resistance zone or even $2,950 in the near term.<\/p>\n

Downside Correction In ETH?<\/h2>\n

If Ethereum fails to clear the $2,780 resistance, it could start a fresh decline. Initial support on the downside is near the $2,700 level. The first major support sits near the $2,650 zone. It is close to the 76.4% Fib retracement level of the upward move from the $2,610 swing low to the $2,787 high.<\/p>\n

A clear move below the $2,650 support might push the price toward the $2,610 support. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,500.<\/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 $2,700<\/p>\n

Major Resistance Level \u2013 $2,780<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price found support at $2,550 and started a fresh increase. ETH is now up over 5% and might attempt to clear the $2,800 resistance. Ethereum started a decent increase above the $2,550 and $2,720 levels. The price is trading near $2,720 and the 100-hourly Simple Moving Average. There is a new connecting bullish trend […]<\/p>\n","protected":false},"author":0,"featured_media":69987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-69986","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\/69986"}],"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=69986"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/69986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/69987"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}