{"id":36126,"date":"2024-02-15T04:52:36","date_gmt":"2024-02-15T08:52:36","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=36126"},"modified":"2024-02-15T04:52:36","modified_gmt":"2024-02-15T08:52:36","slug":"ethereum-bulls-keep-pushing-why-eth-could-soon-test-3k","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/02\/15\/ethereum-bulls-keep-pushing-why-eth-could-soon-test-3k\/","title":{"rendered":"Ethereum Bulls Keep Pushing, Why ETH Could Soon Test $3K"},"content":{"rendered":"

Ethereum price is gaining bullish momentum above the $2,700 support. ETH remains supported and eyes more upsides toward the $3,000 resistance.<\/em><\/p>\n

Ethereum is consolidating gains above the $2,770 support zone.
\nThe price is trading above $2,780 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support at $2,700 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move up toward the $3,000 resistance zone.<\/p>\n

Ethereum Price Remains In Strong Uptrend<\/h2>\n

Ethereum price remained well-bid above the $2,650 level. ETH settled above the $2,700 barrier to move further into a positive zone, like Bitcoin<\/a>. The bulls were able to pump the price above the $2,750 and $2,800 levels.<\/p>\n

A new multi-week high was formed near $2,826 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the recent rally from the $2,589 swing low to the $2,826 high. There is also a key bullish trend line forming with support at $2,700 on the hourly chart of ETH\/USD.<\/p>\n

Ethereum is now trading above $2,780 and the 100-hourly Simple Moving Average<\/a>. Immediate resistance is near the $2,825 level. The first major resistance is near the $2,850 level. The next major resistance is near $2,880, above which the price might rise and test the $2,950 resistance.<\/p>\n

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

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

If the bulls push the price above the $2,950 resistance, Ether could even spike above the $3,000 resistance. In the stated case, the price could rise toward the $3,045 level.<\/p>\n

Are Dips Limited In ETH?<\/h2>\n

If Ethereum fails to clear the $2,825 resistance, it could start a downside correction. Initial support on the downside is near the $2,770 level.<\/p>\n

The next key support could be the $2,725 zone. A clear move below the $2,725 support might send the price toward the trend line at $2,700 or the 50% Fib retracement level of the recent rally from the $2,589 swing low to the $2,826 high. The main support could be $2,640 or the 100 hourly SMA. Any more losses might send the price toward the $2,550 level.<\/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 $2,700<\/p>\n

Major Resistance Level \u2013 $2,880<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum price is gaining bullish momentum above the $2,700 support. ETH remains supported and eyes more upsides toward the $3,000 resistance.<\/em><\/p>\n

Ethereum is consolidating gains above the $2,770 support zone.
\nThe price is trading above $2,780 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support at $2,700 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move up toward the $3,000 resistance zone.<\/p>\n

Ethereum Price Remains In Strong Uptrend<\/h2>\n

Ethereum price remained well-bid above the $2,650 level. ETH settled above the $2,700 barrier to move further into a positive zone, like Bitcoin<\/a>. The bulls were able to pump the price above the $2,750 and $2,800 levels.<\/p>\n

A new multi-week high was formed near $2,826 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the recent rally from the $2,589 swing low to the $2,826 high. There is also a key bullish trend line forming with support at $2,700 on the hourly chart of ETH\/USD.<\/p>\n

Ethereum is now trading above $2,780 and the 100-hourly Simple Moving Average<\/a>. Immediate resistance is near the $2,825 level. The first major resistance is near the $2,850 level. The next major resistance is near $2,880, above which the price might rise and test the $2,950 resistance.<\/p>\n

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

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

If the bulls push the price above the $2,950 resistance, Ether could even spike above the $3,000 resistance. In the stated case, the price could rise toward the $3,045 level.<\/p>\n

Are Dips Limited In ETH?<\/h2>\n

If Ethereum fails to clear the $2,825 resistance, it could start a downside correction. Initial support on the downside is near the $2,770 level.<\/p>\n

The next key support could be the $2,725 zone. A clear move below the $2,725 support might send the price toward the trend line at $2,700 or the 50% Fib retracement level of the recent rally from the $2,589 swing low to the $2,826 high. The main support could be $2,640 or the 100 hourly SMA. Any more losses might send the price toward the $2,550 level.<\/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 $2,700<\/p>\n

Major Resistance Level \u2013 $2,880<\/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-36126","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\/36126","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=36126"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36126\/revisions"}],"predecessor-version":[{"id":36133,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36126\/revisions\/36133"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=36126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=36126"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=36126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}