{"id":72909,"date":"2025-06-10T02:48:04","date_gmt":"2025-06-10T02:48:04","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=72909"},"modified":"2025-06-10T02:48:04","modified_gmt":"2025-06-10T02:48:04","slug":"ethereum-price-pops-above-2700-are-bulls-back-in-control","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=72909","title":{"rendered":"Ethereum Price Pops Above $2,700: Are Bulls Back in Control?"},"content":{"rendered":"

Ethereum price started a fresh increase above the $2,550 zone. ETH is now consolidating and eyes more gains above the $2,740 resistance.<\/em><\/p>\n

Ethereum started a fresh increase above the $2,700 level.
\nThe price is trading above $2,600 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support at $2,540 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh surge if it clears the $2,740 zone in the near term.<\/p>\n

Ethereum Price Regains Pace<\/h2>\n

Ethereum price started a fresh increase after it found support near the $2,400 level, like Bitcoin<\/a>. ETH price was able to clear the $2,500 and $2,550 resistance levels.<\/p>\n

The bulls pushed the price above $2,650. ETH even spiked above $2,700. A high was formed at $2,731 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $2,482 swing low to the $2,731 high.<\/p>\n

Ethereum price is now trading above $2,600 and the 100-hourly Simple Moving Average<\/a>. There is also a key bullish trend line forming with support at $2,540 on the hourly chart of ETH\/USD.<\/p>\n

On the upside, the price could face resistance near the $2,720 level. The next key resistance is near the $2,740 level. The first major resistance is near the $2,750 level. A clear move above the $2,750 resistance might send the price toward the $2,840 resistance.<\/p>\n

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

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 $2,920 in the near term.<\/p>\n

Are Dips Supported In ETH?<\/h2>\n

If Ethereum fails to clear the $2,740 resistance, it could start a fresh decline. Initial support on the downside is near the $2,640 level. The first major support sits near the $2,580 zone and the 61.8% Fib retracement level of the upward move from the $2,482 swing low to the $2,731 high.<\/p>\n

A clear move below the $2,580 support might push the price toward the $2,540 support. Any more losses might send the price toward the $2,450 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 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 $2,640<\/p>\n

Major Resistance Level \u2013 $2,740<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh increase above the $2,550 zone. ETH is now consolidating and eyes more gains above the $2,740 resistance. Ethereum started a fresh increase above the $2,700 level. The price is trading above $2,600 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,540 […]<\/p>\n","protected":false},"author":0,"featured_media":72910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-72909","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\/72909"}],"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=72909"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/72909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/72910"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}