{"id":75613,"date":"2025-06-24T03:18:22","date_gmt":"2025-06-24T03:18:22","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=75613"},"modified":"2025-06-24T03:18:22","modified_gmt":"2025-06-24T03:18:22","slug":"ethereum-price-rebounds-strongly-clears-2350-resistance-with-8-gain","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=75613","title":{"rendered":"Ethereum Price Rebounds Strongly, Clears $2,350 Resistance With 8% Gain"},"content":{"rendered":"

Ethereum price started a fresh increase from the $2,120 zone. ETH is now up over 8% and might face resistance near the $2,460 zone.<\/em><\/p>\n

Ethereum started a fresh upward move above the $2,200 level.
\nThe price is trading above $2,250 and the 100-hourly Simple Moving Average.
\nThere was a break above a key bearish trend line with resistance at $2,240 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh increase if it settles above the $2,460 resistance zone in the near term.<\/p>\n

Ethereum Price Regains Traction<\/h2>\n

Ethereum price started a fresh increase from the $2,120 support level, like Bitcoin<\/a>. ETH price was able to clear the $2,200 and $2,250 resistance levels to move into a positive zone.<\/p>\n

Besides, there was a break above a key bearish trend line with resistance at $2,240 on the hourly chart of ETH\/USD. The bulls even pushed the price above the 61.8% Fib retracement level of the downward move from the $2,568 swing high to the $2,114 low.<\/p>\n

Ethereum price is now trading above $2,300 and the 100-hourly Simple Moving Average<\/a>. On the upside, the price could face resistance near the $2,440 level. The next key resistance is near the $2,460 level. It is close to the 76.4% Fib retracement level of the downward move from the $2,568 swing high to the $2,114 low.<\/p>\n

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

The first major resistance is near the $2,500 level. A clear move above the $2,500 resistance might send the price toward the $2,550 resistance. An upside break above the $2,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,620 resistance zone or even $2,650 in the near term.<\/p>\n

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

If Ethereum fails to clear the $2,460 resistance, it could start a fresh decline. Initial support on the downside is near the $2,340 level. The first major support sits near the $2,320 zone.<\/p>\n

A clear move below the $2,320 support might push the price toward the $2,250 support. Any more losses might send the price toward the $2,150 support level in the near term. The next key support sits at $2,120.<\/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 $2,320<\/p>\n

Major Resistance Level \u2013 $2,460<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh increase from the $2,120 zone. ETH is now up over 8% and might face resistance near the $2,460 zone. Ethereum started a fresh upward move above the $2,200 level. The price is trading above $2,250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend […]<\/p>\n","protected":false},"author":0,"featured_media":75614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75613","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\/75613"}],"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=75613"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/75614"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}