Ethereum price started a fresh decline below $3,000. ETH is now consolidating and might soon aim to start a recovery wave if it clears $3,025. Ethereum started a fresh decline below the $3,050 zone. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,110 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,900 zone. Ethereum Price Starts Consolidation Ethereum price failed to stay above $3,050 and started a fresh decline, like Bitcoin. ETH price dipped below $3,020 and $3,000 to enter a bearish zone. The bears even pushed the price below $2,920. A low was formed at $2,875 and the price is now consolidating losses. There was a minor recovery toward the 23.6% Fib retracement level of the downward move from the $3,175 swing high to the $2,875 low. Ethereum price is now trading below $3,000 and the 100-hourly Simple Moving Average. Besides, there is a connecting bearish trend line forming with resistance at $3,110 on the hourly chart of ETH/USD. If there is another upward move, the price could face resistance near the $2,975 level. The next key resistance is near the $3,025 level and the 50% Fib retracement level of the downward move from the $3,175 swing high to the $2,875 low. The first major resistance is near the $3,050 level. A clear move above the $3,050 resistance might send the price toward the $3,110 resistance and the trend line. An upside break above the $3,110 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,200 resistance zone or even $3,250 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,025 resistance, it could start a fresh decline. Initial support on the downside is near the $2,920 level. The first major support sits near the $2,900 zone. A clear move below the $2,900 support might push the price toward the $2,840 support. Any more losses might send the price toward the $2,800 region. The next key support sits at $2,765. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now near the 50 zone. Major Support Level – $2,920 Major Resistance Level – $3,025
Ethereum price started a fresh decline below $3,000. ETH is now consolidating and might soon aim to start a recovery wave above $2,980. Ethereum started a fresh decline from the $3,175 zone. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,920 zone. Ethereum Price Dips 5% Ethereum price failed to stay above $3,150 and started a fresh decline, like Bitcoin. ETH price dipped below $3,120 and $3,050 to enter a bearish zone. The bears even pushed the price below $3,000. A low was formed at $2,916 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $3,175 swing high to the $2,916 low. Ethereum price is now trading below $3,000 and the 100-hourly Simple Moving Average. Besides, there is a connecting bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD. If there is another upward move, the price could face resistance near the $2,980 level. The next key resistance is near the $3,050 level and the 50% Fib retracement level of the downward move from the $3,175 swing high to the $2,916 low. The first major resistance is near the $3,080 level. A clear move above the $3,080 resistance might send the price toward the $3,120 resistance. An upside break above the $3,120 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,175 resistance zone or even $3,200 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,980 resistance, it could start a fresh decline. Initial support on the downside is near the $2,950 level. The first major support sits near the $2,920 zone. A clear move below the $2,920 support might push the price toward the $2,880 support. Any more losses might send the price toward the $2,840 region. The next key support sits at $2,800. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,920 Major Resistance Level – $3,080
Ethereum price started a fresh decline below $3,120. ETH is now consolidating and might soon aim to start a recovery wave above $3,200. Ethereum started a downside correction from the $3,250 zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,175 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,050 zone. Ethereum Price Dips Toward Support Ethereum price failed to stay above $3,180 and started a fresh decline, like Bitcoin. ETH price dipped below $3,150 and $3,120 to enter a short-term bearish zone. The bears even pushed the price toward $3,000. A low was formed at $3,026 and the price is now attempting to recover some losses. There was a move above the 23.6% Fib retracement level of the downward move from the $3,273 swing high to the $3,026 low. Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. Besides, there is a connecting bearish trend line forming with resistance at $3,175 on the hourly chart of ETH/USD. If there is another upward move, the price could face resistance near the $3,150 level or the 50% Fib retracement level of the downward move from the $3,273 swing high to the $3,026 low. The next key resistance is near the $3,180 level and the trend line. The first major resistance is near the $3,200 level. A clear move above the $3,200 resistance might send the price toward the $3,250 resistance. An upside break above the $3,250 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,320 resistance zone or even $3,400 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,200 resistance, it could start a fresh decline. Initial support on the downside is near the $3,080 level. The first major support sits near the $3,050 zone. A clear move below the $3,050 support might push the price toward the $3,020 support. Any more losses might send the price toward the $3,000 region. The next key support sits at $2,940. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,080 Major Resistance Level – $3,200
Ethereum price started a fresh increase above $3,150. ETH is now consolidating and might soon aim for a clear upside break above $3,350. Ethereum started a downside correction from the $3,450 zone. The price is trading above $3,200 and the 100-hourly Simple Moving Average. There is a new connecting bullish trend line forming with support at $3,180 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,150 zone. Ethereum Price Holds Support Ethereum price managed to stay above $3,150 and started a fresh increase, beating Bitcoin. ETH price gained strength for a move above the $3,300 and $3,320 resistance levels. The bulls even pushed the price above $3,400. However, the bears were active below $3,450. A high was formed at $3,448 and the price is now correcting gains. There was a move below $3,250, and the price even spiked below the 50% Fib retracement level of the upward wave from the $2,914 swing low to the $3,448 low. However, the bulls were active near $3,150. Ethereum price is now trading above $3,200 and the 100-hourly Simple Moving Average. Besides, there is a new connecting bullish trend line forming with support at $3,180 on the hourly chart of ETH/USD. If there is another upward move, the price could face resistance near the $3,290 level. The next key resistance is near the $3,320 level. The first major resistance is near the $3,350 level. A clear move above the $3,350 resistance might send the price toward the $3,400 resistance. An upside break above the $3,400 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,320 resistance, it could start a fresh decline. Initial support on the downside is near the $3,200 level. The first major support sits near the $3,150 zone. A clear move below the $3,150 support might push the price toward the $3,040 support. Any more losses might send the price toward the $3,020 region. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,180 Major Resistance Level – $3,350
Ethereum price started a fresh increase above $3,350. ETH is now correcting gains from $3,450 and might decline further below $3,200. Ethereum started a downside correction from the $3,450 zone. The price is trading near $3,200 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $3,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,200 zone. Ethereum Price Declines Heavily Ethereum price managed to stay above $3,200 and started a fresh increase, beating Bitcoin. ETH price gained strength for a move above the $3,320 and $3,350 resistance levels. The bulls even pushed the price above $3,400. However, the bears were active below $3,450. A high was formed at $3,448 and the price is now correcting gains. There was a sharp decline below the 23.6% Fib retracement level of the upward wave from the $2,914 swing low to the $3,448 low. Besides, there was a break below a bullish trend line with support at $3,240 on the hourly chart of ETH/USD. Ethereum price is now trading near $3,200 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $3,250 level. The next key resistance is near the $3,300 level. The first major resistance is near the $3,320 level. A clear move above the $3,320 resistance might send the price toward the $3,400 resistance. An upside break above the $3,400 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,250 resistance, it could start a fresh decline. Initial support on the downside is near the $3,200 level. The first major support sits near the $3,180 zone and the 50% Fib retracement level of the upward wave from the $2,914 swing low to the $3,448 low. A clear move below the $3,180 support might push the price toward the $3,150 support. Any more losses might send the price toward the $3,050 region. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,180 Major Resistance Level – $3,300
Ethereum price started a fresh increase above $3,250. ETH is now consolidating gains and might aim for more gains if it clears the $3,380 resistance. Ethereum started a fresh increase above the $3,200 and $3,250 levels. The price is trading above $3,200 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $3,210 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,350 zone. Ethereum Price Rallies Over 8% Ethereum price managed to stay above $3,000 and started a fresh increase, beating Bitcoin. ETH price gained strength for a move above the $3,120 and $3,250 resistance levels. The bulls even pushed the price above $3,350. However, the bears were active below $3,400. A high was formed at $3,396 and the price is now consolidating. There was a minor drop below the 23.6% Fib retracement level of the upward wave from the $3,094 swing low to the $3,396 low. Ethereum price is now trading above $3,200 and the 100-hourly Simple Moving Average. There is also a bullish trend line forming with support at $3,210 on the hourly chart of ETH/USD. If there is another upward move, the price could face resistance near the $3,320 level. The next key resistance is near the $3,350 level. The first major resistance is near the $3,380 level. A clear move above the $3,380 resistance might send the price toward the $3,420 resistance. An upside break above the $3,420 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,500 resistance zone or even $3,550 in the near term. Pullback In ETH? If Ethereum fails to clear the $3,380 resistance, it could start a fresh decline. Initial support on the downside is near the $3,250 level and the 50% Fib retracement level of the upward wave from the $3,094 swing low to the $3,396 low. The first major support sits near the $3,210 zone. A clear move below the $3,210 support might push the price toward the $3,150 support. Any more losses might send the price toward the $3,050 region. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,210 Major Resistance Level – $3,380
Ethereum price started a fresh increase above $3,050. ETH is now consolidating gains and might aim for more gains if it clears the $3,180 resistance. Ethereum started a fresh increase above the $3,020 and $3,050 levels. The price is trading above $3,075 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,180 zone. Ethereum Price Faces Resistance Ethereum price managed to stay above $2,950 and started a fresh increase, like Bitcoin. ETH price gained strength for a move above the $3,020 and $3,050 resistance levels. However, the bears were active below $3,200. A high was formed at $3,179 and the price is now consolidating. There was a minor drop below the 23.6% Fib retracement level of the upward wave from the $2,914 swing low to the $3,179 low. Ethereum price is now trading above $3,075 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $3,150 level. There is also a short-term contracting triangle forming with resistance at $3,150 on the hourly chart of ETH/USD. The next key resistance is near the $3,180 level. The first major resistance is near the $3,220 level. A clear move above the $3,220 resistance might send the price toward the $3,350 resistance. An upside break above the $3,350 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term. Downside Break In ETH? If Ethereum fails to clear the $3,180 resistance, it could start a fresh decline. Initial support on the downside is near the $3,080 level. The first major support sits near the $3,015 zone and the 61.8% Fib retracement level of the upward wave from the $2,914 swing low to the $3,179 low. A clear move below the $3,015 support might push the price toward the $2,975 support. Any more losses might send the price toward the $2,920 region. The next key support sits at $2,840 and $2,820. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,015 Major Resistance Level – $3,180
Ethereum price started a fresh increase above $3,000. ETH is now consolidating gains and might aim for more gains above $3,150. Ethereum started a fresh increase above the $3,000 and $3,020 levels. The price is trading above $3,050 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,140 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,150 zone. Ethereum Price Eyes Additional Gains Ethereum price managed to stay above $2,920 and started a fresh increase, like Bitcoin. ETH price gained strength for a move above the $3,000 and $3,020 resistance levels. Recently, the price saw a downside correction from the $3,240 zone. There was a drop below the 50% Fib retracement level of the upward wave from the $2,718 swing low to the $3,240 low. However, the bulls remained active near the $2,920 zone. Ethereum price is now trading above $3,050 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $3,140 level. There is also a key bearish trend line forming with resistance at $3,140 on the hourly chart of ETH/USD. The next key resistance is near the $3,200 level. The first major resistance is near the $3,250 level. A clear move above the $3,250 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term. Another Downside Correction In ETH? If Ethereum fails to clear the $3,140 resistance, it could start a fresh decline. Initial support on the downside is near the $3,050 level. The first major support sits near the $3,000 zone. A clear move below the $3,000 support might push the price toward the $2,950 support. Any more losses might send the price toward the $2,920 region and the 61.8% Fib retracement level of the upward wave from the $2,718 swing low to the $3,240 low. The next key support sits at $2,840 and $2,820. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,050 Major Resistance Level – $3,140
Ethereum price started a fresh increase above $3,200. ETH is now consolidating gains and might aim for more gains above $3,250. Ethereum started a fresh increase above the $3,050 and $3,120 levels. The price is trading above $3,120 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $3,130 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,240 zone. Ethereum Price Eyes Another Upside Break Ethereum price managed to stay above $2,920 and started a fresh increase, like Bitcoin. ETH price gained strength for a move above the $3,000 and $3,050 resistance levels. The bulls even pumped the price above $3,150. However, the bulls struggled to clear $3,240 and $3,250. A high was formed at $3,239 and the price recently corrected some gains. There was a spike below the 23.6% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low. Ethereum price is now trading above $3,120 and the 100-hourly Simple Moving Average. There is also a short-term contracting triangle forming with support at $3,130 on the hourly chart of ETH/USD. If there is another upward move, the price could face resistance near the $3,200 level. The next key resistance is near the $3,240 level. The first major resistance is near the $3,250 level. A clear move above the $3,250 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term. Downside Correction In ETH? If Ethereum fails to clear the $3,240 resistance, it could start a fresh decline. Initial support on the downside is near the $3,120 level. The first major support sits near the $3,050 zone. A clear move below the $3,050 support might push the price toward the $3,000 support. Any more losses might send the price toward the $2,980 region and the 50% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low in the near term. The next key support sits at $2,850 and $2,840. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,130 Major Resistance Level – $3,240
Ethereum price started a fresh increase above $3,120. ETH is now attempting to clear the $3,250 resistance and might accelerate higher. Ethereum started a fresh increase above the $3,000 and $3,120 levels. The price is trading above $3,150 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,250 zone. Ethereum Price Eyes More Gains Ethereum price managed to stay above $2,880 and started a fresh increase, like Bitcoin. ETH price gained strength for a move above the $2,950 and $3,000 resistance levels. The bulls even pumped the price above $3,120. However, the price is now testing a key barrier at $3,250. A high was formed at $3,239 and the price is now consolidating above the 23.6% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low. Ethereum price is now trading above $3,150 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $3,250 level. The next key resistance is near the $3,265 level. The first major resistance is near the $3,320 level. A clear move above the $3,320 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,500 resistance zone or even $3,540 in the near term. Downside Correction In ETH? If Ethereum fails to clear the $3,250 resistance, it could start a fresh decline. Initial support on the downside is near the $3,160 level. The first major support sits near the $3,120 zone and the trend line. A clear move below the $3,120 support might push the price toward the $3,050 support. Any more losses might send the price toward the $2,980 region and the 50% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low in the near term. The next key support sits at $2,920 and $2,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,120 Major Resistance Level – $3,250
Ethereum price started a fresh increase above $2,920. ETH is now attempting to clear the $3,050 resistance and might accelerate higher. Ethereum started a fresh increase above the $2,920 and $2,950 levels. The price is trading above $2,950 and the 100-hourly Simple Moving Average. There was a break above a short-term bearish trend line with resistance at $2,825 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,050 zone. Ethereum Price Eyes Upside Break Ethereum price managed to stay above $2,720 and started a fresh increase, like Bitcoin. ETH price gained strength for a move above the $2,850 and $2,880 resistance levels. There was a break above a short-term bearish trend line with resistance at $2,825 on the hourly chart of ETH/USD. The bulls even pumped the price above $2,950. However, the price is now testing a key barrier at $3,050. A high was formed at $3,047 and the price is now consolidating above the 23.6% Fib retracement level of the recent move from the $2,718 swing low to the $3,047 low. Ethereum price is now trading above $2,950 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $3,050 level. The next key resistance is near the $3,080 level. The first major resistance is near the $3,120 level. A clear move above the $3,120 resistance might send the price toward the $3,200 resistance. An upside break above the $3,200 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,350 resistance zone or even $3,380 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,050 resistance, it could start a fresh decline. Initial support on the downside is near the $2,970 level. The first major support sits near the $2,880 zone or the 50% Fib retracement level of the recent move from the $2,718 swing low to the $3,047 low. A clear move below the $2,840 support might push the price toward the $2,800 support. Any more losses might send the price toward the $2,750 region in the near term. The next key support sits at $2,720 and $2,710. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,970 Major Resistance Level – $3,050
Ethereum price started a fresh decline below $2,880. ETH is now attempting to recover from $2,720 but the bulls might face resistance. Ethereum started a fresh decline below $2,880 and $2,800. The price is trading below $2,850 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $2,820 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $2,850 zone. Ethereum Price Attempts Recovery Ethereum price failed to stay above $2,950 and started a fresh decline, like Bitcoin. ETH price declined below $2,880 to enter a bearish zone. The bears even pushed the price below $2,800. A low was formed at $2,718 and the price is now attempting to recover. There was a move above the $2,750 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $3,052 swing high to the $2,718 low. Ethereum price is now trading below $2,850 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $2,820 level. There is also a short-term bearish trend line forming with resistance at $2,820 on the hourly chart of ETH/USD. The next key resistance is near the $2,880 level or the 50% Fib retracement level of the downward move from the $3,052 swing high to the $2,718 low. The first major resistance is near the $2,920 level. A clear move above the $2,920 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,050 resistance zone or even $3,150 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,880 resistance, it could start a fresh decline. Initial support on the downside is near the $2,760 level. The first major support sits near the $2,740 zone. A clear move below the $2,740 support might push the price toward the $2,720 support. Any more losses might send the price toward the $2,650 region in the near term. The next key support sits at $2,550 and $2,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,720 Major Resistance Level – $2,880
Ethereum price started a fresh decline below $2,950. ETH is down over 5%, trading below $2,880, and might continue to move down. Ethereum started a fresh decline below $2,950 and $2,900. The price is trading below $2,880 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,990 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,800 zone. Ethereum Price Dips Over 5% Ethereum price failed to stay above $3,000 and started a fresh decline, like Bitcoin. ETH price declined below $2,880 to enter a bearish zone. There was a break below a key bullish trend line with support at $2,990 on the hourly chart of ETH/USD. The bears even pushed the price below $2,850. A low was formed at $2,815 and the price is showing bearish signs below the 23.6% Fib retracement level of the downward move from the $3,052 swing high to the $2,815 low. Ethereum price is now trading below $2,900 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $2,880 level. The next key resistance is near the $2,940 level or the 50% Fib retracement level of the downward move from the $3,052 swing high to the $2,815 low. The first major resistance is near the $2,960 level. A clear move above the $2,960 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,050 resistance zone or even $3,150 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,960 resistance, it could start a fresh decline. Initial support on the downside is near the $2,820 level. The first major support sits near the $2,800 zone. A clear move below the $2,800 support might push the price toward the $2,740 support. Any more losses might send the price toward the $2,720 region in the near term. The next key support sits at $2,650 and $2,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,800 Major Resistance Level – $2,940
Ethereum price started a recovery wave and surged above $3,000. ETH might continue to rise if it clears the $3,080 resistance. Ethereum started a recovery wave above $2,980 and $3,000. The price is trading above $2,960 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,080 zone. Ethereum Price Eyes More Gains Ethereum price managed to stay above $2,880 and started a recovery wave, like Bitcoin. ETH price was able to climb above the $2,920 and $2,950 levels. The bulls were able to push the price above the 61.8% Fib retracement level of the downward move from the $3,165 swing high to the $2,620 low. The bulls even pumped the price above $3,000 but they struggled to clear the $3,080 zone. The price failed to settle above the 76.4% Fib retracement level of the downward move from the $3,165 swing high to the $2,620 low. Ethereum price is now trading above $2,960 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support at $2,950 on the hourly chart of ETH/USD. If there is another upward move, the price could face resistance near the $3,050 level. The next key resistance is near the $3,080 level. The first major resistance is near the $3,120 level. A clear move above the $3,120 resistance might send the price toward the $3,165 resistance. An upside break above the $3,165 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,220 resistance zone or even $3,250 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,080 resistance, it could start a fresh decline. Initial support on the downside is near the $2,950 level. The first major support sits near the $2,880 zone. A clear move below the $2,880 support might push the price toward the $2,840 support. Any more losses might send the price toward the $2,800 region in the near term. The next key support sits at $2,750 and $2,740. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,950 Major Resistance Level – $3,080
Ethereum (ETH) is attempting to bounce from the market’s Q4 correction, retesting the $3,000 barrier once again. As we approach the end of November, some market observers have suggested that the end-of-year rally may still be possible in the coming weeks. Related Reading: XRP ETFs Outshine BTC, ETH, And SOL Funds With $164M Single-Day Inflows Ethereum Eyes $3,000 Ahead Of Key Upgrade On Wednesday, Ethereum experienced a 4.4% daily surge, retesting the $3,000 level for the first time in nearly a week. The cryptocurrency has been trading within the $2,680-$2,980 price range amid the latest market-wide correction, which also saw Bitcoin (BTC) lose some crucial support levels. At the start of the week, the King of Altcoins broke above the $2,900 area, attempting to retest the next key resistance over the past two days but ultimately failing to reclaim it. Analyst Ted Pillows highlighted this performance, noting that ETH “tapped the $2,950-$3,000 zone again and got rejected.” Per the post, until Ethereum successfully reclaims this level, “the chances of a new low are high.” On the contrary, if the cryptocurrency breaks above this zone with strong volume in the coming days, investors could “expect a rally towards the $3,400 level.” The analyst also suggested that the altcoin could see a remarkable recovery rally next week, driven by the upcoming Fusaka upgrade. As he explained, ETH soared around 50% after the network’s Pectra upgrade in May. As reported by NewsBTC, the upgrade introduced a series of improvements to increase transaction capacity, enhance efficiency, and reduce system stress. Following the implementation, the cryptocurrency rallied from the $1,800 level to the $2,700 area in a week, which was later followed by an 80% jump in Q3 to its latest all-time high (ATH) of $4,946. Now, the Fusaka upgrade is the network’s biggest update since The Merge and is expected to come on December 3, “to relieve one of the network’s most pressing bottlenecks: data availability for rollups,” VanEck explained in October. Based on this, Ted Pillows suggested that if ETH repeats its post-Pectra performance with the new upgrade, the altcoin’s price could soar above the $4,000 resistance in the next few weeks. End-Of-Year Rally Underway? Market watcher Merlijn The Trader also suggested that Ethereum could see another leg up soon, as it is “repeating a textbook wave structure” it has printed multiple times since hitting the bear market bottom in mid-2022. “Wave 1: Kicked off the cycle. Wave 2: Is shaking weak hands. wave 3: Where parabolas form,” the trader explained on X, noting that ETH could be ending its corrective move and potentially see another rally in the coming weeks. “This pattern printed 3 times before. Each time, ETH went vertical. Now it’s flashing again,” he stated. Similarly, Michaël van de Poppe highlighted Ethereum’s trading pair against Bitcoin, affirming that investors should keep an eye on the chart. Notably, ETH is retesting a multi-month downtrend line resistance against BTC, and could “see a strong breakout upwards in the coming weeks.” “This cycle is far from over,” van de Poppe added. Related Reading: Bitcoin’s November Crash To Continue If This Level Isn’t Reclaimed, Analyst Warns Meanwhile, Rekt Capital noted that Ethereum Dominance continues to occupy an area that served as a consolidation zone before the 2021 rally. “As long as ETHDOM can maintain itself above 10.05% then it should be positioned for higher market dominance levels over time,” the analyst concluded. As of this writing, ETH trades at $3,023, a 2% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Ethereum price started a recovery wave and surged above $3,0000. ETH might continue to rise if it clears the $3,120 resistance. Ethereum started a recovery wave above $2,950 and $3,000. The price is trading above $3,000 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,880 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,120 zone. Ethereum Price Rallies Over 5% Ethereum price managed to stay above $2,850 and started a recovery wave, like Bitcoin. ETH price was able to climb above the $2,880 and $2,950 levels. The bulls were able to push the price above the 61.8% Fib retracement level of the downward move from the $3,165 swing high to the $2,620 low. More importantly, the price surged above $3,000. Besides, there is a key bullish trend line forming with support at $2,880 on the hourly chart of ETH/USD. Ethereum price is now trading above $3,000 and the 100-hourly Simple Moving Average. It is also above the 76.4% Fib retracement level of the downward move from the $3,165 swing high to the $2,620 low. If there is another upward move, the price could face resistance near the $3,120 level. The next key resistance is near the $3,150 level. The first major resistance is near the $3,165 level. A clear move above the $3,165 resistance might send the price toward the $3,220 resistance. An upside break above the $3,220 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,320 resistance zone or even $3,350 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,150 resistance, it could start a fresh decline. Initial support on the downside is near the $2,980 level. The first major support sits near the $2,920 zone. A clear move below the $2,920 support might push the price toward the $2,840 support. Any more losses might send the price toward the $2,800 region in the near term. The next key support sits at $2,750 and $2,740. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,980 Major Resistance Level – $3,150
Ethereum price started a recovery wave above $2,880. ETH might gain bullish momentum if it manages to settle above the $3,000 resistance. Ethereum started a recovery wave above $2,850 and $2,880. The price is trading above $2,900 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,000 zone. Ethereum Price Eyes Upside Break Ethereum price managed to stay above $2,750 and started a recovery wave, like Bitcoin. ETH price was able to climb above the $2,800 and $2,850 levels. The bulls were able to push the price above the 61.8% Fib retracement level of the downward move from the $3,058 swing high to the $2,620 low. Besides, there was a break above a key bearish trend line with resistance at $2,950 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,840 and the 100-hourly Simple Moving Average. It is also above the 76.4% Fib retracement level of the downward move from the $3,058 swing high to the $2,620 low. If there is another recovery wave, the price could face resistance near the $2,980 level. The next key resistance is near the $3,000 level. The first major resistance is near the $3,060 level. A clear move above the $3,060 resistance might send the price toward the $3,150 resistance. An upside break above the $3,150 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,220 resistance zone or even $3,250 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,000 resistance, it could start a fresh decline. Initial support on the downside is near the $2,920 level. The first major support sits near the $2,880 zone. A clear move below the $2,880 support might push the price toward the $2,800 support. Any more losses might send the price toward the $2,740 region in the near term. The next key support sits at $2,650 and $2,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,880 Major Resistance Level – $3,000
Ethereum price started a recovery wave above $2,850. ETH faces resistance near $3,000 and might start a fresh decline in the near term. Ethereum started a recovery wave above $2,800 and $2,850. The price is trading above $2,850 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,970 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,840 zone. Ethereum Price Faces Resistance Ethereum price managed to stay above $2,650 and started a recovery wave, like Bitcoin. ETH price was able to climb above the $2,740 and $2,800 levels. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $3,058 swing high to the $2,620 low. However, the bears seem to be active below the $3,000 resistance zone. There is also a key bearish trend line forming with resistance at $2,970 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,840 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $2,950 level and the 76.4% Fib retracement level of the downward move from the $3,058 swing high to the $2,620 low. The next key resistance is near the $2,970 level. The first major resistance is near the $3,000 level. A clear move above the $3,000 resistance might send the price toward the $3,050 resistance. An upside break above the $3,050 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,120 resistance zone or even $3,250 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,950 resistance, it could start a fresh decline. Initial support on the downside is near the $2,840 level. The first major support sits near the $2,780 zone. A clear move below the $2,780 support might push the price toward the $2,740 support. Any more losses might send the price toward the $2,650 region in the near term. The next key support sits at $2,550 and $2,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,800 Major Resistance Level – $2,950
Ethereum price failed to stay above $2,800 and tested $2,620. ETH is now attempting to recover but faces resistance near $2,890. Ethereum started a fresh decline after it failed to stay above $2,800. The price is trading near $2,840 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,720 zone. Ethereum Price Attempts Recovery Ethereum price failed to continue higher above $3,000 and started a fresh decline, like Bitcoin. ETH price dipped below $2,880 and entered a bearish zone. The decline gathered pace below $2,800 and the price dipped below $2,700. A low was formed at $2,621 and the price is now attempting to recover. There was a move above the 23.6% Fib retracement level of the recent decline from the $3,058 swing high to the $2,621 low. Ethereum price is now trading near $2,840 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $2,890 level and the 61.8% Fib retracement level of the recent decline from the $3,058 swing high to the $2,621 low. The next key resistance is near the $2,920 level. The first major resistance is near the $2,950 level. There is also a key bearish trend line forming with resistance at $2,960 on the hourly chart of ETH/USD. A clear move above the $2,960 resistance might send the price toward the $3,020 resistance. An upside break above the $3,020 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,120 resistance zone or even $3,250 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,890 resistance, it could start a fresh decline. Initial support on the downside is near the $2,800 level. The first major support sits near the $2,720 zone. A clear move below the $2,720 support might push the price toward the $2,650 support. Any more losses might send the price toward the $2,620 region in the near term. The next key support sits at $2,550 and $2,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,720 Major Resistance Level – $2,890
Ethereum price failed to stay above $3,000 and tested $2,770. ETH is now attempting to recover but faces resistance near $2,880. Ethereum started a fresh decline after it failed to stay above $3,000. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,800 zone. Ethereum Price Dips Further Ethereum price failed to continue higher above $3,050 and started a fresh decline, like Bitcoin. ETH price dipped below $3,000 and entered a bearish zone. The decline gathered pace below $2,880 and the price dipped below $2,800. A low was formed at $2,770 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $3,058 swing high to the $2,770 low. Ethereum price is now trading below $3,000 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $2,920 level and the 50% Fib retracement level of the recent decline from the $3,058 swing high to the $2,770 low. The next key resistance is near the $2,950 level. The first major resistance is near the $3,050 level. There is also a key bearish trend line forming with resistance at $3,050 on the hourly chart of ETH/USD. A clear move above the $3,050 resistance might send the price toward the $3,120 resistance. An upside break above the $3,120 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,220 resistance zone or even $3,250 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,920 resistance, it could start a fresh decline. Initial support on the downside is near the $2,770 level. The first major support sits near the $2,740 zone. A clear move below the $2,740 support might push the price toward the $2,680 support. Any more losses might send the price toward the $2,620 region in the near term. The next key support sits at $2,550 and $2,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,770 Major Resistance Level – $3,050
Ethereum price failed to stay above $3,000 and tested $2,870. ETH is now attempting to recover but faces resistance near $3,100. Ethereum started a fresh decline after it failed to stay above $3,050. The price is trading below $3,100 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,000 zone. Ethereum Price Faces Hurdles Ethereum price failed to continue higher above $3,150 and started a fresh decline, like Bitcoin. ETH price dipped below $3,050 and entered a bearish zone. The decline gathered pace below $3,000 and the price dipped below $2,950. A low was formed at $2,870 and the price is now correcting some losses. There was a move above the 50% Fib retracement level of the recent decline from the $3,165 swing high to the $2,870 low. Ethereum price is now trading below $3,100 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,050 level and the 61.8% Fib retracement level of the recent decline from the $3,165 swing high to the $2,870 low. The next key resistance is near the $3,100 level. There is also a key bearish trend line forming with resistance at $3,100 on the hourly chart of ETH/USD. The first major resistance is near the $3,150 level. A clear move above the $3,150 resistance might send the price toward the $3,200 resistance. An upside break above the $3,200 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,320 resistance zone or even $3,350 in the near term. Another Drop In ETH? If Ethereum fails to clear the $3,100 resistance, it could start a fresh decline. Initial support on the downside is near the $3,000 level. The first major support sits near the $2,940 zone. A clear move below the $2,940 support might push the price toward the $2,880 support. Any more losses might send the price toward the $2,820 region in the near term. The next key support sits at $2,750 and $2,740. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,000 Major Resistance Level – $3,100
Ethereum price failed to stay above $3,050 and tested $2,950. ETH is now attempting to recover but faces resistance near $3,150. Ethereum started a fresh decline after it failed to stay above $3,150. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,065 zone. Ethereum Price Attempts Recovery Ethereum price failed to continue higher above $3,200 and started a fresh decline, like Bitcoin. ETH price dipped below $3,150 and entered a bearish zone. The decline gathered pace below $3,050 and the price dipped below $3,000. A low was formed at $2,941 and the price is now correcting some losses. There was a move above the 50% Fib retracement level of the recent decline from the $3,217 swing high to the $2,941 low. Ethereum price is now trading below $3,120 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,150 level and the 76.4% Fib retracement level of the recent decline from the $3,217 swing high to the $2,941 low. There is also a key bearish trend line forming with resistance at $3,150 on the hourly chart of ETH/USD. The next key resistance is near the $3,220 level. The first major resistance is near the $3,250 level. A clear move above the $3,250 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,150 resistance, it could start a fresh decline. Initial support on the downside is near the $3,065 level. The first major support sits near the $3,020 zone. A clear move below the $3,020 support might push the price toward the $2,950 support. Any more losses might send the price toward the $2,880 region in the near term. The next key support sits at $2,750 and $2,740. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,065 Major Resistance Level – $3,150
Ethereum price failed to stay above $3,150 and extended losses. ETH is down over 5% and might struggle to recover above $3,200 in the near term. Ethereum started a fresh decline after it failed to stay above $3,150. The price is trading below $3,100 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,000 zone. Ethereum Price Turns Red Ethereum price failed to continue higher above $3,150 and started a fresh decline, like Bitcoin. ETH price dipped below $3,180 and entered a bearish zone. The decline gathered pace below $3,120 and the price dipped below $3,000. A low was formed at $2,955 and the price is now correcting some losses. There was a move toward the 23.6% Fib retracement level of the recent decline from the $3,562 swing high to the $2,955 low. Ethereum price is now trading below $3,150 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,050 level. The next key resistance is near the $3,150 level. There is also a key bearish trend line forming with resistance at $3,150 on the hourly chart of ETH/USD. The first major resistance is near the $3,260 level and the 50% Fib retracement level of the recent decline from the $3,562 swing high to the $2,955 low. A clear move above the $3,260 resistance might send the price toward the $3,350 resistance. An upside break above the $3,350 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term. More Downside In ETH? If Ethereum fails to clear the $3,150 resistance, it could start a fresh decline. Initial support on the downside is near the $2,950 level. The first major support sits near the $2,880 zone. A clear move below the $2,880 support might push the price toward the $2,750 support. Any more losses might send the price toward the $2,680 region in the near term. The next key support sits at $2,650 and $2,640. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,950 Major Resistance Level – $3,150
Ethereum price failed to stay above $3,250 and extended losses. ETH is down over 5% and might struggle to recover above $3,250 in the near term. Ethereum started a fresh decline after it failed to stay above $3,200. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,160 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,000 zone. Ethereum Price Dips Further Ethereum price failed to continue higher above $3,350 and started a fresh decline, like Bitcoin. ETH price dipped below $3,200 and entered a bearish zone. The decline gathered pace below $3,150 and the price dipped below $3,050. A low was formed at $3,003 and the price is now correcting some losses. There was a move toward the 23.6% Fib retracement level of the recent decline from the $3,560 swing high to the $3,003 low. Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,160 level. There is also a key bearish trend line forming with resistance at $3,160 on the hourly chart of ETH/USD. The next key resistance is near the $3,280 level and the 50% Fib retracement level of the recent decline from the $3,560 swing high to the $3,003 low. The first major resistance is near the $3,350 level. A clear move above the $3,350 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,500 resistance zone or even $3,550 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,280 resistance, it could start a fresh decline. Initial support on the downside is near the $3,050 level. The first major support sits near the $3,000 zone. A clear move below the $3,000 support might push the price toward the $2,880 support. Any more losses might send the price toward the $2,750 region in the near term. The next key support sits at $2,640 and $2,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,050 Major Resistance Level – $3,280
Ethereum price failed to stay above $3,350 and extended losses. ETH is down over 5% and might struggle to recover above $3,450 in the near term. Ethereum started a fresh decline after it failed to stay above $3,500. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,150 zone. Ethereum Price Dips Sharply Ethereum price failed to continue higher above $3,550 and started a fresh decline, like Bitcoin. ETH price dipped below $3,500 and entered a short-term bearish zone. The decline gathered pace below $3,350 and the price dipped below $3,250. A low was formed at $3,153 and the price is now correcting some losses. There was a move toward the 23.6% Fib retracement level of the recent decline from the $3,561 swing high to the $3,153 low. Ethereum price is now trading below $3,350 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,300 level. The next key resistance is near the $3,350 level and the 50% Fib retracement level of the recent decline from the $3,561 swing high to the $3,153 low. The first major resistance is near the $3,500 level. There is also a key bearish trend line forming with resistance at $3,500 on the hourly chart of ETH/USD. A clear move above the $3,500 resistance might send the price toward the $3,650 resistance. An upside break above the $3,650 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,800 resistance zone or even $3,880 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,350 resistance, it could start a fresh decline. Initial support on the downside is near the $3,200 level. The first major support sits near the $3,150 zone. A clear move below the $3,150 support might push the price toward the $3,050 support. Any more losses might send the price toward the $3,000 region in the near term. The next key support sits at $2,880 and $2,850. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,150 Major Resistance Level – $3,350
Ethereum price failed to stay above $3,550. ETH is trimming gains and might decline further if it dips below the $3,350 support. Ethereum started a fresh decline after it failed to stay above $3,550. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,350 zone. Ethereum Price Dips Further Ethereum price failed to continue higher above $3,650 and started a fresh decline, like Bitcoin. ETH price dipped below $3,550 and entered a short-term bearish zone. The decline gathered pace below $3,500 and the price dipped below the 50% Fib retracement level of the upward move from the $3,176 swing low to the $3,658 high. Ethereum price is now trading below $3,550 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,475 level. The next key resistance is near the $3,500 level. The first major resistance is near the $3,550 level. There is also a key bearish trend line forming with resistance at $3,550 on the hourly chart of ETH/USD. A clear move above the $3,550 resistance might send the price toward the $3,650 resistance. An upside break above the $3,650 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,800 resistance zone or even $3,880 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,500 resistance, it could start a fresh decline. Initial support on the downside is near the $3,400 level. The first major support sits near the $3,360 zone and the 61.8% Fib retracement level of the upward move from the $3,176 swing low to the $3,658 high. A clear move below the $3,360 support might push the price toward the $3,280 support. Any more losses might send the price toward the $3,240 region in the near term. The next key support sits at $3,220 and $3,200. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,360 Major Resistance Level – $3,550
Ethereum price failed to recover further above $3,650. ETH is trimming gains and might decline further if it dips below the $3,360 support. Ethereum started a fresh decline after it failed to stay above $3,620. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $3,575 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,360 zone. Ethereum Price Dips Again Ethereum price started a recovery wave above $3,400 and $3,550, like Bitcoin. ETH price was able to climb above the $3,600 and $3,620 resistance levels. However, the bears remained active near the $3,650 zone. A high was formed at $3,658 and the price started a downside correction. There was a move below the $3,550 level. There was a break below a bullish trend line with support at $3,575 on the hourly chart of ETH/USD. The price tested the 50% Fib retracement level of the upward move from the $3,178 swing low to the $3,658 high. Ethereum price is now trading below $3,550 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,500 level. The next key resistance is near the $3,520 level. The first major resistance is near the $3,550 level. A clear move above the $3,550 resistance might send the price toward the $3,650 resistance. An upside break above the $3,650 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,800 resistance zone or even $3,880 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,550 resistance, it could start a fresh decline. Initial support on the downside is near the $3,420 level. The first major support sits near the $3,360 zone and the 61.8% Fib retracement level of the upward move from the $3,178 swing low to the $3,658 high. A clear move below the $3,360 support might push the price toward the $3,290 support. Any more losses might send the price toward the $3,220 region in the near term. The next key support sits at $3,175 and $3,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,360 Major Resistance Level – $3,550
Ethereum price started a recovery wave above $3,500. ETH is showing positive signs but faces hurdles near the $3,650 resistance. Ethereum started a decent upward move above $3,420 and $3,500. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $3,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $3,650 zone. Ethereum Price Faces Resistance Ethereum price managed to stay above $3,250 and started a recovery wave, like Bitcoin. ETH price was able to climb above the $3,350 and $3,420 resistance levels. The bulls pushed the price above the 61.8% Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low. The upward move was such that the price spiked to test the key hurdle at $3,650. Besides, there is a bullish trend line forming with support at $3,520 on the hourly chart of ETH/USD. Ethereum price is now trading above $3,550 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,650 level. The next key resistance is near the $3,710 level and the 76.4% Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low. The first major resistance is near the $3,740 level. A clear move above the $3,740 resistance might send the price toward the $3,880 resistance. An upside break above the $3,880 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,920 resistance zone or even $3,950 in the near term. Another Pullback In ETH? If Ethereum fails to clear the $3,650 resistance, it could start a fresh decline. Initial support on the downside is near the $3,540 level or the trend line. The first major support sits near the $3,485 zone. A clear move below the $3,485 support might push the price toward the $3,360 support. Any more losses might send the price toward the $3,260 region in the near term. The next key support sits at $3,200 and $3,180. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,485 Major Resistance Level – $3,650
Ethereum price started a recovery wave above $3,350. ETH is showing positive signs but faces hurdles near the $3,720 resistance. Ethereum started a decent upward move above $3,350 and $3,400. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $3,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $3,720 zone. Ethereum Price Attempts Recovery Ethereum price managed to stay above $3,200 and started a recovery wave, like Bitcoin. ETH price was able to climb above the $3,350 and $3,400 resistance levels. There was a break above a bearish trend line with resistance at $3,350 on the hourly chart of ETH/USD. The pair surpassed the 50% Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low. The upward move was such that the price spiked above $3,620. Ethereum price is now trading above $3,550 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,650 level. The next key resistance is near the $3,720 level and the 76.4% Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low. The first major resistance is near the $3,750 level. A clear move above the $3,750 resistance might send the price toward the $3,820 resistance. An upside break above the $3,820 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,880 resistance zone or even $3,925 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,650 resistance, it could start a fresh decline. Initial support on the downside is near the $3,580 level. The first major support sits near the $3,500 zone. A clear move below the $3,500 support might push the price toward the $3,450 support. Any more losses might send the price toward the $3,350 region in the near term. The next key support sits at $3,250 and $3,220. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,500 Major Resistance Level – $3,650
Ethereum price started a fresh decline from $3,480. ETH is struggling to recover and is now at risk of another decline below $3,250. Ethereum started another bearish wave after it settled below $3,450. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a new bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $3,250. Ethereum Price Dips Again Ethereum price failed to stay in a positive zone and started a fresh decline from $3,480, like Bitcoin. ETH price declined below $3,420 and $3,400. It seems like the bears defended the 50% Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low. There is also a new bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD. Ethereum price is now trading below $3,350 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,350 level. The next key resistance is near the $3,380 level and the trend line. The first major resistance is near the $3,480 level. A clear move above the $3,480 resistance might send the price toward the $3,580 resistance and the 61.8% Fib retracement level of the downward move from the $3,920 swing high to the $3,058 low. An upside break above the $3,580 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,675 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,380 resistance, it could start a fresh decline. Initial support on the downside is near the $3,250 level. The first major support sits near the $3,220 zone. A clear move below the $3,220 support might push the price toward the $3,150 support. Any more losses might send the price toward the $3,050 region in the near term. The next key support sits at $3,020 and $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,250 Major Resistance Level – $3,380