Ethereum

Momentum

Resistance

Gains

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-gains-momentum-above-key-resistance-levels/" data-wpel-link="internal">Ethereum Gains Momentum Above Key Resistance Levels</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/fox-news-yazdi-biden-soros-ve-ftx-iliskisi-uzmanlardan-sok-eden-iddialar" data-wpel-link="internal">Cryptocurrency</a></strong> <a href="https://coin-turk.com/populer-altcoinlerde-son-durum-ethereum-eth-xrp-ve-solana-sol" data-wpel-link="internal">Ethereum</a> has been successful in drawing attention with its strong recent performance. While <a href="https://en.coin-turk.com/the-rise-of-traditional-financial-giants-in-the-crypto-space/" data-wpel-link="internal">Ethereum</a>‘s price is gaining momentum above the $3,600 resistance area, investors are opening the door to new rallies. According to the latest data, if Ethereum’s price surpasses the $3,725 resistance area, this upward trend could expand even further. However, there are important points to consider at this stage.</p> 
<h2 style="text-align: justify" id="what-levels-should-be-watched-in-ethereum-s-price">What Levels Should Be Watched in Ethereum’s Price?</h2> 
<p style="text-align: justify">Firstly, it is observed that <strong>Ethereum</strong> aims for further gains above the $3,725 and $3,740 levels. These levels are critical for the price to maintain its momentum. Moreover, the fact that the price is trading above $3,650 and the 100-hour Simple Moving Average should not be overlooked. This situation indicates that Ethereum’s current upward trend is continuing strongly.</p> 
<p style="text-align: justify">Looking at the chart analysis, we see an ascending trend line formed with the support at $3,480 on the 4-hour chart of the <strong><a href="https://en.coin-turk.com/ethereum-expected-to-fall/" data-wpel-link="internal">ETH</a>/USD</strong> pair. This is emerging as an important indicator supporting the current direction of Ethereum.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-338948 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/ethereum-eth-coin-turk-com-1-1.png" alt="" width="1855" height="805"></p> 
<p style="text-align: justify">However, certain levels need to be exceeded for the sustainability of this upward trend. In particular, a close above the $3,725 resistance area could mean that Ethereum’s rally may continue.</p> 
<h2 style="text-align: justify" id="a-downward-move-in-eth-could-pull-the-price-to-these-levels">A Downward Move in ETH Could Pull the Price to These Levels!</h2> 
<p style="text-align: justify">If Ethereum fails to surpass the $3,725 resistance level, it could initiate a downward correction. Especially, closures below this level could indicate weakness in the bull market. Currently, the first downward support for Ethereum is near the $3,620 level.</p> 
<p style="text-align: justify">A close below this level could pull the price further down and trigger a drop towards the first major support area of $3,500 or towards the trend line. A clear move below the $3,500 level could send the price to the $3,420 support area. A break below this could lead to ETH incurring further losses, moving towards $3,350. Further down, the price could experience a drop towards the $3,220 level.</p> 
<h2 style="text-align: justify" id="technical-indicators-show-positive-signs-for-eth">Technical Indicators Show Positive Signs for ETH</h2> 
<p style="text-align: justify">Technical indicators currently suggest that Ethereum is showing some positive signs. Particularly, the 4-hour <strong>MACD</strong> appears to be gaining momentum in the bullish zone for the ETH/USD pair.</p> 
<p style="text-align: justify">The RSI is also currently above the 50 level, which could indicate some bullish potential.</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/ethereum-gains-momentum-above-key-resistance-levels/" data-wpel-link="internal">Ethereum Gains Momentum Above Key Resistance Levels</a></h5>

Ethereum Gains Momentum Above Key Resistance Levels

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