{"id":599710,"date":"2024-03-26T08:28:03","date_gmt":"2024-03-26T08:28:03","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=599710"},"modified":"2024-06-11T07:45:48","modified_gmt":"2024-06-11T07:45:48","slug":"ethereum-price-momentum-4k","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/ethereum\/ethereum-price-momentum-4k\/","title":{"rendered":"Ethereum Price Momentum Reignites As The Bulls Aim For $4K"},"content":{"rendered":"<p><em>Ethereum price is attempting a fresh increase above the $3,500 zone. ETH must clear the $3,680 resistance to continue higher in the near term.<\/em><\/p>\n<ul>\n<li>Ethereum is gaining pace above the $3,500 support zone.<\/li>\n<li>The price is trading above $3,600 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bullish trend line forming with support at $3,560 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could continue to rise if it settles above the $3,680 resistance zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Eyes Steady Increase<\/h2>\n<p>Ethereum price started a decent increase above the $3,550 resistance zone. ETH bulls were able to push the price in a positive zone above the $3,600 level, like <a href=\"https:\/\/shenyangcang.com\/analysis\/btc\/bitcoin-price-reclaims-70k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>ETH climbed above the $3,650 resistance zone. A high was formed at $3,680 and the price is now consolidating gains. It is holding gains above the 23.6% Fib retracement level of the upward move from the $3,301 swing low to the $3,680 high.<\/p>\n<p>Ethereum is now trading above $3,600 and the <a href=\"https:\/\/shenyangcang.com\/analysis\/eth\/ethereum-price-strength-3580\/\" target=\"_blank\" rel=\"noopener \">100-hourly Simple Moving Average<\/a>. There is also a key bullish trend line forming with support at $3,560 on the hourly chart of ETH\/USD.<\/p>\n<p><a href=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/03\/Ethereum_47a066.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-599711\" src=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/03\/Ethereum_47a066.png?resize=1024%2C449\" alt=\"Ethereum Price\" width=\"1024\" height=\"449\" srcset=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/03\/Ethereum_47a066.png?w=1950 1950w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/03\/Ethereum_47a066.png?w=460 460w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/03\/Ethereum_47a066.png?w=768 768w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/03\/Ethereum_47a066.png?w=860 860w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/03\/Ethereum_47a066.png?w=1536 1536w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/03\/Ethereum_47a066.png?w=750 750w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/03\/Ethereum_47a066.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSD on TradingView.com<\/a><\/p>\n<p>On the upside, immediate resistance is near the $3,680 level. The first major resistance is near the $3,720 level. The next key resistance sits at $3,750, above which the price might gain bullish momentum. In the stated case, Ether could rally toward the $3,880 level. If there is a move above the $3,880 resistance, Ethereum could even climb toward the $4,000 resistance. Any more gains might call for a test of $4,080.<\/p>\n<h2>Are Dips Limited In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,680 resistance, it could start another decline. Initial support on the downside is near the $3,600 level.<\/p>\n<p>The first major support is near the $3,580 zone and the trend line. The next key support could be the $3,500 zone or the 50% Fib retracement level of the upward move from the $3,301 swing low to the $3,680 high. A clear move below the $3,500 support might send the price toward $3,380. Any more losses might send the price toward the $3,120 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n<p>Major Support Level \u2013 $3,600<\/p>\n<p>Major Resistance Level \u2013 $3,680<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is attempting a fresh increase above the $3,500 zone. ETH must clear the $3,680 resistance to continue higher in the near term. Ethereum is gaining pace above the $3,500 support zone. The price is trading above $3,600 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,560 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to rise if it settles above the $3,680 resistance zone. Ethereum Price Eyes Steady Increase Ethereum price started a decent increase above the $3,550 resistance zone. ETH bulls were able to push the price in a positive zone above the $3,600 level, like Bitcoin. ETH climbed above the $3,650 resistance zone. A high was formed at $3,680 and the price is now consolidating gains. It is holding gains above the 23.6% Fib retracement level of the upward move from the $3,301 swing low to the $3,680 high. Ethereum is now trading above $3,600 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,560 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com On the upside, immediate resistance is near the $3,680 level. The first major resistance is near the $3,720 level. The next key resistance sits at $3,750, above which the price might gain bullish momentum. In the stated case, Ether could rally toward the $3,880 level. If there is a move above the $3,880 resistance, Ethereum could even climb toward the $4,000 resistance. Any more gains might call for a test of $4,080. Are Dips Limited In ETH? If Ethereum fails to clear the $3,680 resistance, it could start another decline. Initial support on the downside is near the $3,600 level. The first major support is near the $3,580 zone and the trend line. The next key support could be the $3,500 zone or the 50% Fib retracement level of the upward move from the $3,301 swing low to the $3,680 high. A clear move below the $3,500 support might send the price toward $3,380. Any more losses might send the price toward the $3,120 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is gaining momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $3,600 Major Resistance Level \u2013 $3,680<\/p>\n","protected":false},"author":67,"featured_media":551696,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[65296,1946,8686,78803],"class_list":["post-599710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n<title>Ethereum Price Momentum Reignites As The Bulls Aim For $4K<\/title>\n<meta name=\"description\" content=\"Ethereum price is attempting a fresh increase above the $3,500 zone. 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