{"id":36225,"date":"2024-02-19T03:53:29","date_gmt":"2024-02-19T07:53:29","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=36225"},"modified":"2024-02-19T03:53:29","modified_gmt":"2024-02-19T07:53:29","slug":"ethereum-price-momentum-reignites-rsi-signals-potential-surge-to-3k","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/02\/19\/ethereum-price-momentum-reignites-rsi-signals-potential-surge-to-3k\/","title":{"rendered":"Ethereum Price Momentum Reignites: RSI Signals Potential Surge To $3K"},"content":{"rendered":"

Ethereum price is gaining pace above the $2,800 support. ETH eyes more gains and might surge toward the $3,000 resistance zone.<\/em><\/p>\n

Ethereum is consolidating gains above the $2,820 support zone.
\nThe price is trading above $2,850 and the 100-hourly Simple Moving Average.
\nThere is a connecting bullish trend line forming with support at $2,850 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 Eyes Upside Break<\/h2>\n

Ethereum price remained stable and slowly moved higher above the $2,800 pivot level. ETH even outperformed Bitcoin<\/a> and climbed to a new weekly high above the $2,850 level.<\/p>\n

A new multi-week high is formed near $2,894 and the price is now consolidating gains<\/a>. Ether is stable above the 23.6% Fib retracement level of the recent move from the $2,722 swing low to the $2,894 high. There is also a connecting bullish trend line forming with support at $2,850 on the hourly chart of ETH\/USD.<\/p>\n

Ethereum is now trading above $2,850 and the 100-hourly Simple Moving Average. Immediate resistance on the upside is near the $2,895 level. The first major resistance is near the $2,920 level. The next major resistance is near $2,940, above which the price might rise and test the $3,000 resistance zone.<\/p>\n

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

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

If the bulls push the price above the $3,000 resistance, Ether could even rally toward the $3,120 resistance. In the stated case, the price could rise toward the $3,250 level in the near term. Any more gains might call for a test of $3,400.<\/p>\n

Downside Correction In ETH?<\/h2>\n

If Ethereum fails to clear the $2,895 resistance, it could start a downside correction. Initial support on the downside is near the $2,850 level and the trend line zone.<\/p>\n

The next key support could be the $2,800 zone or 50% Fib retracement level of the recent move from the $2,722 swing low to the $2,894 high. A clear move below the $2,800 support might send the price toward $2,780 or the 100-hourly Simple Moving Average. The main support could be $2,720. Any more losses might send the price toward the $2,640 level in the coming sessions.<\/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 $2,780<\/p>\n

Major Resistance Level \u2013 $2,895<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum price is gaining pace above the $2,800 support. ETH eyes more gains and might surge toward the $3,000 resistance zone.<\/em><\/p>\n

Ethereum is consolidating gains above the $2,820 support zone.
\nThe price is trading above $2,850 and the 100-hourly Simple Moving Average.
\nThere is a connecting bullish trend line forming with support at $2,850 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 Eyes Upside Break<\/h2>\n

Ethereum price remained stable and slowly moved higher above the $2,800 pivot level. ETH even outperformed Bitcoin<\/a> and climbed to a new weekly high above the $2,850 level.<\/p>\n

A new multi-week high is formed near $2,894 and the price is now consolidating gains<\/a>. Ether is stable above the 23.6% Fib retracement level of the recent move from the $2,722 swing low to the $2,894 high. There is also a connecting bullish trend line forming with support at $2,850 on the hourly chart of ETH\/USD.<\/p>\n

Ethereum is now trading above $2,850 and the 100-hourly Simple Moving Average. Immediate resistance on the upside is near the $2,895 level. The first major resistance is near the $2,920 level. The next major resistance is near $2,940, above which the price might rise and test the $3,000 resistance zone.<\/p>\n

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

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

If the bulls push the price above the $3,000 resistance, Ether could even rally toward the $3,120 resistance. In the stated case, the price could rise toward the $3,250 level in the near term. Any more gains might call for a test of $3,400.<\/p>\n

Downside Correction In ETH?<\/h2>\n

If Ethereum fails to clear the $2,895 resistance, it could start a downside correction. Initial support on the downside is near the $2,850 level and the trend line zone.<\/p>\n

The next key support could be the $2,800 zone or 50% Fib retracement level of the recent move from the $2,722 swing low to the $2,894 high. A clear move below the $2,800 support might send the price toward $2,780 or the 100-hourly Simple Moving Average. The main support could be $2,720. Any more losses might send the price toward the $2,640 level in the coming sessions.<\/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 $2,780<\/p>\n

Major Resistance Level \u2013 $2,895<\/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-36225","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\/36225","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=36225"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36225\/revisions"}],"predecessor-version":[{"id":36228,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36225\/revisions\/36228"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=36225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=36225"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=36225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}