Ethereum

Cryptocurrency

Resistance

<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/" 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/kripto-para-dunyasini-ayaga-kaldiracak-gelisme-dunyanin-en-buyuk-2-sirketi-kollari-sivadi" data-wpel-link="internal">Cryptocurrency</a></strong> market activity last night is reinforcing the upward trend in <a href="https://coin-turk.com/gala-coin-ethereum-yorumlari-ve-avax-coin-fiyat-grafigi" data-wpel-link="internal">Ethereum</a>‘s value. According to the latest data, there is a new wave of increase in <a href="https://en.coin-turk.com/high-volume-fake-trading-on-ethereum-based-dex-raises-concerns/" data-wpel-link="internal">Ethereum</a>‘s price above the $3,400 region. However, it is stated that <a href="https://en.coin-turk.com/surprising-revelation-donald-trumps-ethereum-portfolio-and-nft-profits/" data-wpel-link="internal">ETH</a> needs to break through the $3,580 resistance for a continued rise in the near term.</p> 
<h2 style="text-align: justify" id="where-could-ethereum-s-price-go">Where Could Ethereum’s Price Go?</h2> 
<p style="text-align: justify">Maintaining gains above the $3,250 support zone is emerging as an important factor for Ethereum. The price trading above $3,400 and the 100-hour Simple Moving Average is also a notable situation.</p> 
<p style="text-align: justify">It is indicated that there has been a breakout above a significant downtrend line with the $3,400 resistance on the hourly chart of the ETH/USD pair. This suggests that Ethereum’s uptrend is gaining strength.</p> 
<h2 style="text-align: justify" id="the-biggest-resistance-for-eth">The Biggest Resistance for ETH</h2> 
<p style="text-align: justify">Ethereum currently trading above $3,400 and the 100-hour Simple Moving Average can be considered a positive sign for investors. However, it is emphasized that there is an immediate resistance near the $3,500 level and surpassing this level could continue ETH’s upward trend.</p> 
<p style="text-align: justify">On the other hand, it is mentioned that the first major resistance for Ethereum is near the $3,550 level. The next key resistance is at the $3,580 level, where the price could gain upward momentum. In this case, it is predicted that ETH could rise towards the $3,720 level.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-332628 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/eth-coin-turk-com-1-2.png" alt="" width="1263" height="510"></p> 
<p style="text-align: justify">However, for Ethereum to gain more and test the $4,000 resistance, a move above the $3,720 resistance is needed.</p> 
<h2 style="text-align: justify" id="what-levels-to-watch-in-a-downward-trend-for-eth">What Levels to Watch in a Downward Trend for ETH?</h2> 
<p style="text-align: justify"><strong>Ethereum</strong> (ETH) is currently facing a critical resistance. However, if it cannot surpass the significant $3,500 resistance, a downward trend could begin for the cryptocurrency. So, what can be said for investors?</p> 
<p style="text-align: justify">Currently, the <strong>ETH</strong>/USD pair is facing support around $3,400. Below this level, the likelihood of a price drop towards the $3,250 region increases. More importantly, a critical support zone at $3,060 should be considered.</p> 
<p style="text-align: justify">If this support is broken, a scenario where ETH could fall to the $3,000 levels may arise. Furthermore, a drop towards the $2,880 levels is also possible.</p> 
<p style="text-align: justify">Looking at the technical indicators, the hourly MACD for ETH/<strong>USD</strong> appears to be gaining momentum in the bullish zone. Additionally, the hourly RSI is currently above the 50 level, indicating that some buyers are active in the market.</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/" data-wpel-link="internal">Ethereum’s Price Surge and Key Resistance Levels</a></h5>

Ethereum’s Price Surge and Key Resistance Levels

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