Ethereum

<p><em><strong>The price of Ethereum is having a tough time going above the $3,030 mark. It’s kind of stuck and might begin to go down below the $2,930 support level. Recently, Ethereum tried to go past the $3,000 mark again, but it couldn’t quite make it.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>The sellers were strong above $3,000, and even though it reached around $3,036, it started going down again, similar to what happened with Bitcoin.</p><h3 id="ethereum-s-price-movement-and-key-levels">Ethereum’s Price Movement and Key Levels</h3><p>Ethereum’s price recently experienced a dip below the $3,000 and $2,980 levels, dropping below the 50% Fibonacci retracement level of its upward move from the $2,865 low to the $3,036 high. Despite this, the bulls have shown activity around the $2,940 mark.</p><p>Currently, Ethereum is trading above $2,930 and the 100-hourly Simple Moving Average. An important <a href="https://cryptosheadlines.com/xrps-monthly-pennant-confirms-bullish-trend-targets-2/" rel="noopener noreferrer nofollow">bullish trend</a> line is forming, with support at $2,930 on the hourly chart of ETH/USD. This <a href="https://cryptosheadlines.com/dogecoin-doge-clears-900-day-trend-line-challenges-ahead/" rel="noopener noreferrer nofollow">trend line</a> coincides closely with both the 100-hourly Simple Moving Average and the 61.8% Fibonacci retracement level of the earlier upward move.</p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines002-28.webp?resize&#61;640%2C288&amp;ssl&#61;1" /></p><p>Source: <a href="https://www.tradingview.com/symbols/ETHUSD/" rel="noopener noreferrer nofollow">ETHUSD on TradingView.com</a></p><p>Looking ahead, immediate resistance lies near the $2,980 level, followed by a major hurdle at $3,000. Beyond that, the next significant resistance is around $3,035. If <a href="https://cryptosheadlines.com/cardano-surpasses-ethereum-in-recent-crypto-development-activity/" rel="noopener noreferrer nofollow">Ethereum manages to surpass</a> this level, it could aim for the $3,080 resistance zone. Further gains might propel it towards the $3,200 resistance, with potential for testing $3,250 if the <a href="https://cryptosheadlines.com/solana-sol-signals-25-price-action-with-bullish-momentum/" rel="noopener noreferrer nofollow">bullish momentum</a> continues.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><h3 id="potential-ethereum-price-movement-and-support-levels">Potential Ethereum Price Movement and Support Levels</h3><p>If Ethereum fails to break through the $3,000 resistance barrier, it could face further downward pressure. Initial support is anticipated around the $2,930 level, in line with the 100-hourly Simple Moving Average.</p><p><a href="https://cryptosheadlines.com/terra-luna-classic-chooses-certik-for-secure-l1-development/" rel="noopener noreferrer nofollow">Also Read:   Terra Luna Classic Chooses CertiK for Secure L1 Development</a></p><p>The first significant support level lies near $2,865, followed by the key support zone around $2,820. A decisive <a href="https://cryptosheadlines.com/hong-kong-real-estate-market-moves-towards-tokenization/" rel="noopener noreferrer nofollow">move below $2,820 may lead to a downward trajectory towards</a> $2,720. Subsequent losses could potentially <a href="https://cryptosheadlines.com/ethereums-price-climbs-toward-4000-whats-driving-the-rally/" rel="noopener noreferrer nofollow">drive the price towards</a> the $2,550 level in the days ahead.</p><h3 id="technical-indicators">Technical Indicators</h3><p><strong>Hourly MACD</strong>: The MACD indicator for ETH/USD is showing signs of weakening momentum within the bullish zone.</p><p><strong>Hourly RSI</strong>: The Relative Strength Index (RSI) for ETH/USD has dipped below the 50 level, indicating a potential shift towards bearish sentiment.</p><h3 id="key-levels-to-watch">Key Levels to Watch</h3><ul><li>Major Support Level: $2,865</li><li>Major Resistance Level: $3,000</li></ul><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Ethereum’s Price Is at a Critical Point: Could It Jump to $3200?

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