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Home»Analysis»Ethereum -Price is gaining grip: can it support the climb?
Analysis

Ethereum -Price is gaining grip: can it support the climb?

2025-02-01No Comments3 Mins Read
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Ethereum -Price started a new increase above $ 3,220. ETH is now consolidating and can keep an eye on more profit above the $ 3,270 resistance zone.

  • Ethereum started a new increase above $ 3,120 zone.
  • The price is traded above $ 3,200 and the 100-hour simple advancing average.
  • There was a break over an important bearish trend line with resistance at $ 3,200 on the hourly table ETH/USD (data feed via Kraken).
  • The couple can start a different increase if it remains above the level of $ 3,200.

Ethereum -Price Restores

Ethereum -Price started a considerable increase in the $ 3,020 zone, such as Bitcoin. ETH was able to surpass the resistance levels of $ 3,120 and $ 3,150 to go to a positive zone.

There was a break above an important bearish trend line with resistance at $ 3,200 on the hourly table ETH/USD. The pair surpassed the 50% FIB retracement level of the downward movement of the $ 3,427 wing high to $ 3,020 swing low.

However, De Beren are now active in the vicinity of the resistance levels of $ 3,270 and $ 3,280. Ethereum price is now traded above $ 3,200 and the 100-hour simple advancing average.

At the top the price seems to have to do with obstacles near the $ 3,270 level and the 61.8% FIB retracement level of the downward movement of the $ 3,427 wing high to $ 3,020 swing low. The first major resistance is near the level of $ 3,330. The most important resistance is now almost $ 3,360. A clear movement above the $ 3,360 resistance can send the price to $ 3,450 resistance.

Ethereum -Price

An upward break above the $ 3,450 resistance can request more profit in the upcoming sessions. In the indicated case, Ether could rise to the $ 3,550 resistance zone or even $ 3,650 in the short term.

See also  Ethereum ready for an upward breakthrough!

Another drop in ETH?

If Ethereum did not know the resistance of $ 3,270, this can start a new decline. The first support on the disadvantage is near the level of $ 3,220. The first major support is near the $ 3,200.

A clear movement under the support of $ 3,200 can push the price to $ 3,120 support. All losses can send the price in the short term to the support level of $ 3,050. The next key support is at $ 3,000.

Technical indicators

Hour MacD – The MACD for ETH/USD is gaining force in the bullish zone.

Hour RSI – The RSI for ETH/USD is now above 50 zone.

Major support level – $ 3,200

Large resistance level – $ 3,270

Source link

Climb Ethereum gaining Grip Price Support
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