Ethereum

Resistance

Donald Trump

<a href="https://bitcoinworld.co.in/ethereum-price-surges-5-above-the-2300-support-zone-has-eth-bulls-finally-take-over/" title="Ethereum Price Surges 5% Above The $2,300 Support Zone, Has ETH Bulls Finally Take Over?" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400;" aria-level="1">Ethereum price is gaining pace and trading above the $2,300 support zone. Is $2,550 possible?</li> 
 <li aria-level="1">Are the Ethereum bull taking over?</li> 
</ul> 
Ethereum price extended its decline below the $2,250 level. ETH even spiked below the $2,200 level to $2,192 before the bulls appeared. Now, the price has started a strong increase, outperforming Bitcoin. 
There was a move above the $2,250 and $2,280 resistance levels. The bulls even pumped the price above the $2,350 resistance.&nbsp; 
A new multi-day high is formed near $2,441 and the price is now consolidating gains. The <a href="https://coinstats.app/coins/ethereum/">price</a> is now trading above the 23.6% Fib retracement level of the upward move from the $2,180 swing low to the $2,289 high at press time. 
<figure id="attachment_60700" aria-describedby="caption-attachment-60700" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-60700" src="https://bitcoinworld.co.in/wp-content/uploads/Ethereum-Price-Chart-3-483x300.png" alt="" width="567" height="352" srcset="https://bitcoinworld.co.in/wp-content/uploads/Ethereum-Price-Chart-3-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/Ethereum-Price-Chart-3.png 760w" sizes="(max-width: 567px) 100vw, 567px">
 <figcaption id="caption-attachment-60700" class="wp-caption-text">
 Ethereum Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
Ethereum is now trading above $2,350 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $2,440 level. 
The first major resistance is now near $2,500. A close above the $2,500 resistance could send the price toward $2,500.&nbsp; 
The next key resistance is near $2,620. A clear move above the $2,620 zone could start another increase. The next resistance sits at $2,700, above which Ethereum might rally and test the $2,800 zone. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/ethereum-wallet-linked-to-donald-trump-moved-2-4m-in-crypto-to-coinbase/" aria-label="“Ethereum Wallet Linked To Donald Trump Moved $2.4M In Crypto To Coinbase” (Edit)">Ethereum Wallet Linked To Donald Trump Moved $2.4M In Crypto To Coinbase</a> 
<h3 id="span-style-font-weight-400-downside-correction-in-eth-span">Downside Correction In ETH?</h3> 
If Ethereum fails to clear the $2,440 resistance, it could start a fresh decline. Initial support on the downside is near the $2,380 level and the trend line. 
The first key support could be the $2,320 zone or the 50% Fib retracement level of the upward move from the $2,180 swing low to the $2,441 high.&nbsp; 
A downside break and a close below $2,320 might spark more bearish moves. In the stated case, Ether could revisit the $2,200 support. Any more losses might send the price toward the $2,120 level. 
<h3 id="span-style-font-weight-400-technical-indicators-span">Technical Indicators</h3> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.</li> 
 <li style="font-weight: 400;" aria-level="1">Hourly RSI – The RSI for ETH/USD is now above the 50 level.</li> 
 <li style="font-weight: 400;" aria-level="1">Major Support Level – $2,320</li> 
 <li style="font-weight: 400;" aria-level="1">Major Resistance Level – $2,440</li> 
</ul> 
<blockquote>
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</blockquote> 
The post <a href="https://bitcoinworld.co.in/ethereum-price-surges-5-above-the-2300-support-zone-has-eth-bulls-finally-take-over/">Ethereum Price Surges 5% Above The $2,300 Support Zone, Has ETH Bulls Finally Take Over?</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Ethereum Price Surges 5% Above The $2,300 Support Zone, Has ETH Bulls Finally Take Over?

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