Ethereum

Resistance

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereums-price-surge-and-key-resistance-levels-2/" data-wpel-link="internal">Ethereum’s Price Surge and Key Resistance Levels</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/altcoin-krali-icin-sirada-ne-var-ethereum-fiyat-tahmini-yorum" data-wpel-link="internal">Ethereum</a></strong> continues its significant uptrend by maintaining gains above the $3,120 resistance area. This cryptocurrency could climb higher soon if it surpasses the critical resistance level of $3,280. At the time of writing, <a href="https://en.coin-turk.com/ethereum-price-dynamics-and-technical-analysis/" data-wpel-link="internal">Ethereum</a> was trading at $3,262.</p> 
<h2 style="text-align: justify" id="ethereum-s-new-targets">Ethereum’s New Targets</h2> 
<p style="text-align: justify">According to recent updates, Ethereum has moved its rise above the $3,220 resistance zone and is currently trading above $3,165 and the 100-hour Simple Moving Average. A noticeable upward trend line forming at the $3,170 support level on the <a href="https://en.coin-turk.com/ethereum-gains-momentum-above-key-resistance-level/" data-wpel-link="internal">ETH</a>/USD four-hour chart highlights the potential for continued upward movement if Ethereum breaks the $3,280 resistance zone.</p> 
<p style="text-align: justify">Ethereum’s price remains in a positive zone above $3,000. ETH has moved its increase above the $3,150 and $3,165 resistance levels, even surpassing the $3,250 resistance.</p> 
<h2 style="text-align: justify" id="eth-s-rise-could-continue">ETH’s Rise Could Continue</h2> 
<p style="text-align: justify">According to the latest data, Ethereum traded at a new weekly high of $3,263 and underwent a brief correction. However, bulls actively provided support above the $3,200 level. Currently, Ethereum is trading above $3,200. Additionally, the significant upward trend line formed at the $3,170 support level could also influence the price direction.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-343867 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/ethereum-eth-coin-turk-com-1-7.png" alt="" width="1846" height="795"></p> 
<p style="text-align: justify">In the short term, the nearby resistance for the cryptocurrency Ethereum is around $3,270, while a larger resistance lies near $3,300. In the upcoming period, if Ethereum moves towards the $3,350 level, it could open the door to higher targets.</p> 
<p style="text-align: justify">However, a close above the $3,550 resistance could indicate that Ethereum might move even higher. In this scenario, testing the $3,750 resistance could also be on the agenda. Ethereum could gain more in the coming days towards the $3,880 resistance area.</p> 
<h2 style="text-align: justify" id="why-is-the-3-280-resistance-important">Why is the $3,280 Resistance Important?</h2> 
<p style="text-align: justify">Recently, Ethereum’s price has not surpassed the $3,280 resistance, which could be a signal for a downward correction. Currently, the first support level the price might encounter if it moves downward is around $3,200. However, in case of a more serious decline, the $3,180 area and nearby trend line could provide significant support.</p> 
<p style="text-align: justify">The main support level is notably at $3,120. A sharp drop below this level could increase selling pressure and push Ethereum towards $3,030. Further losses could potentially bring the price down to $2,850 in the near term.</p> 
<p style="text-align: justify">Looking at the technical indicators, the four-hour MACD for ETH/USD is gaining momentum in the bullish zone. Additionally, the four-hour RSI for ETH/USD is also above the 50 level, which could provide a positive outlook for the price.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ethereums-price-surge-and-key-resistance-levels-2/" data-wpel-link="internal">Ethereum’s Price Surge and Key Resistance Levels</a></h5>

Ethereum’s Price Surge and Key Resistance Levels

Table of Contents

COINTURK NEWS

Other articles published on Apr 24, 2024

Crypto Entities Intensify Measures Against Sybil Attacks in Airdrop Events

Dogeverse Presale Hits $10 Million Milestone - Best Meme Coin To Buy Now?

Fireblocks Introduces Tools to Safeguard DeFi for Institutions

Bitcoin Decreases More Than 3% Within 24 hours

3 Reasons Why Changpeng Zhao Prison Can Be 3 Years Long

New Cryptocurrency Releases, Listings, & Presales Today – NFsTay, BrickBlock, MerlinStarter

Join our free newsletter for daily crypto updates!