{"id":33797,"date":"2023-12-06T06:05:39","date_gmt":"2023-12-06T10:05:39","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=33797"},"modified":"2023-12-06T06:05:39","modified_gmt":"2023-12-06T10:05:39","slug":"ethereum-price-prediction-after-10-surge-is-eth-rally-just-getting-started","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/12\/06\/ethereum-price-prediction-after-10-surge-is-eth-rally-just-getting-started\/","title":{"rendered":"Ethereum Price Prediction- After 10% Surge, Is ETH Rally Just Getting Started?"},"content":{"rendered":"

Ethereum price extended its rally above the $2,250 resistance. ETH is up over 10% and might continue to rise toward the $2,500 resistance.<\/em><\/p>\n

Ethereum is showing positive signs and recently surpassed the $2,300 resistance.
\nThe price is trading above $2,250 and the 100-hourly Simple Moving Average.
\nThere is a major bullish trend line forming with support near $2,250 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could extend its rally if it clears the $2,320 resistance zone.<\/p>\n

Ethereum Price Extends Rally<\/h2>\n

Ethereum price remained in a positive zone above $2,120, like Bitcoin<\/a>. ETH extended its rally above the $2,200 and $2,250 resistance levels. The bulls remained action and the price spiked above $2,300.<\/p>\n

A new multi-month high was formed near $2,316 and the price is now correcting gains. There was a move below the $2,300 level. The price is now testing the 23.6% Fib retracement level of the upward move from the $2,188 swing low to the $2,316 high.<\/p>\n

Ethereum is now trading above $2,250 and the 100-hourly Simple Moving Average<\/a>. Besides, there is a major bullish trend line forming with support near $2,250 on the hourly chart of ETH\/USD.<\/p>\n

<\/a><\/p>\n

Source: ETHUSD on TradingView.com<\/a><\/p>\n

On the upside, the price is facing resistance near the $2,320 zone. The next key resistance is near the $2,350 level. A clear move above the $2,350 zone could send the price toward the $2,420 level. The next resistance sits at $2,450. Any more gains could start a wave toward the $2,500 level.<\/p>\n

Are Dips Supported in ETH?<\/h2>\n

If Ethereum fails to clear the $2,320 resistance, it could start a downside correction. Initial support on the downside is near the $2,265 level.<\/p>\n

The next key support is $2,250 and the trend line. It is near the 50% Fib retracement level of the upward move from the $2,188 swing low to the $2,316 high. The main support is now near $2,200 or the 100-hourly Simple Moving Average. A downside break below $2,200 might start an extended decline. The key support is now at $2,120, below which there is a risk of a move toward the $2,080 level in the near term.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n

Major Support Level \u2013 $2,200<\/p>\n

Major Resistance Level \u2013 $2,320<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum price extended its rally above the $2,250 resistance. ETH is up over 10% and might continue to rise toward the $2,500 resistance.<\/em><\/p>\n

Ethereum is showing positive signs and recently surpassed the $2,300 resistance.
\nThe price is trading above $2,250 and the 100-hourly Simple Moving Average.
\nThere is a major bullish trend line forming with support near $2,250 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could extend its rally if it clears the $2,320 resistance zone.<\/p>\n

Ethereum Price Extends Rally<\/h2>\n

Ethereum price remained in a positive zone above $2,120, like Bitcoin<\/a>. ETH extended its rally above the $2,200 and $2,250 resistance levels. The bulls remained action and the price spiked above $2,300.<\/p>\n

A new multi-month high was formed near $2,316 and the price is now correcting gains. There was a move below the $2,300 level. The price is now testing the 23.6% Fib retracement level of the upward move from the $2,188 swing low to the $2,316 high.<\/p>\n

Ethereum is now trading above $2,250 and the 100-hourly Simple Moving Average<\/a>. Besides, there is a major bullish trend line forming with support near $2,250 on the hourly chart of ETH\/USD.<\/p>\n

<\/a><\/p>\n

Source: ETHUSD on TradingView.com<\/a><\/p>\n

On the upside, the price is facing resistance near the $2,320 zone. The next key resistance is near the $2,350 level. A clear move above the $2,350 zone could send the price toward the $2,420 level. The next resistance sits at $2,450. Any more gains could start a wave toward the $2,500 level.<\/p>\n

Are Dips Supported in ETH?<\/h2>\n

If Ethereum fails to clear the $2,320 resistance, it could start a downside correction. Initial support on the downside is near the $2,265 level.<\/p>\n

The next key support is $2,250 and the trend line. It is near the 50% Fib retracement level of the upward move from the $2,188 swing low to the $2,316 high. The main support is now near $2,200 or the 100-hourly Simple Moving Average. A downside break below $2,200 might start an extended decline. The key support is now at $2,120, below which there is a risk of a move toward the $2,080 level in the near term.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now above the 50 level.<\/p>\n

Major Support Level \u2013 $2,200<\/p>\n

Major Resistance Level \u2013 $2,320<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-33797","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=33797"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33797\/revisions"}],"predecessor-version":[{"id":33815,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/33797\/revisions\/33815"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=33797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=33797"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=33797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}