{"id":36440,"date":"2024-02-26T04:52:38","date_gmt":"2024-02-26T08:52:38","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=36440"},"modified":"2024-02-26T04:52:38","modified_gmt":"2024-02-26T08:52:38","slug":"ethereum-price-climbs-toward-3200-and-bulls-are-just-getting-started","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/02\/26\/ethereum-price-climbs-toward-3200-and-bulls-are-just-getting-started\/","title":{"rendered":"Ethereum Price Climbs Toward $3,200 And Bulls Are Just Getting Started"},"content":{"rendered":"

Ethereum price is outperforming Bitcoin with a move above $3,000. ETH is showing bullish signs and might soon climb above the $3,200 resistance.<\/em><\/p>\n

Ethereum started a fresh increase above the $3,000 resistance zone.
\nThe price is trading above $3,050 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support at $3,080 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could extend its increase toward $3,200 or even $3,250 in the near term.<\/p>\n

Ethereum Price Outperforms Bitcoin<\/h2>\n

Ethereum price remained stable above the $2,880 support zone. ETH formed a base and started a fresh increase above the $3,000 resistance. It gained nearly 5% and outperformed Bitcoin<\/a>.<\/p>\n

A new multi-week high is formed near $3,121 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward wave from the $2,907 swing low to the $3,121 high. There is also a key bullish trend line forming with support at $3,080 on the hourly chart of ETH\/USD.<\/p>\n

Ethereum is now trading above $3,085 and the 100-hourly Simple Moving Average<\/a>. Immediate resistance on the upside is near the $3,120 level. The first major resistance is near the $3,150 level.<\/p>\n

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

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

The next major resistance is near $3,200, above which the price might gain bullish momentum. If there is a move above the $3,200 resistance, Ether could even rally toward the $3,280 resistance. Any more gains might call for a test of $3,320.<\/p>\n

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

If Ethereum fails to clear the $3,120 resistance, it could start a downside correction. Initial support on the downside is near the $3,080 level and the trend line.<\/p>\n

The first major support is near the $3,000 zone. It is close to the 50% Fib retracement level of the upward wave from the $2,907 swing low to the $3,121 high, below which Ether might test the 100-hourly Simple Moving Average. The next key support could be the $2,960 zone. A clear move below the $2,960 support might send the price toward $2,920. Any more losses might send the price toward the $2,860 level.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing 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 $3,000<\/p>\n

Major Resistance Level \u2013 $3,120<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ethereum price is outperforming Bitcoin with a move above $3,000. ETH is showing bullish signs and might soon climb above the $3,200 resistance.<\/em><\/p>\n

Ethereum started a fresh increase above the $3,000 resistance zone.
\nThe price is trading above $3,050 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support at $3,080 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could extend its increase toward $3,200 or even $3,250 in the near term.<\/p>\n

Ethereum Price Outperforms Bitcoin<\/h2>\n

Ethereum price remained stable above the $2,880 support zone. ETH formed a base and started a fresh increase above the $3,000 resistance. It gained nearly 5% and outperformed Bitcoin<\/a>.<\/p>\n

A new multi-week high is formed near $3,121 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward wave from the $2,907 swing low to the $3,121 high. There is also a key bullish trend line forming with support at $3,080 on the hourly chart of ETH\/USD.<\/p>\n

Ethereum is now trading above $3,085 and the 100-hourly Simple Moving Average<\/a>. Immediate resistance on the upside is near the $3,120 level. The first major resistance is near the $3,150 level.<\/p>\n

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

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

The next major resistance is near $3,200, above which the price might gain bullish momentum. If there is a move above the $3,200 resistance, Ether could even rally toward the $3,280 resistance. Any more gains might call for a test of $3,320.<\/p>\n

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

If Ethereum fails to clear the $3,120 resistance, it could start a downside correction. Initial support on the downside is near the $3,080 level and the trend line.<\/p>\n

The first major support is near the $3,000 zone. It is close to the 50% Fib retracement level of the upward wave from the $2,907 swing low to the $3,121 high, below which Ether might test the 100-hourly Simple Moving Average. The next key support could be the $2,960 zone. A clear move below the $2,960 support might send the price toward $2,920. Any more losses might send the price toward the $2,860 level.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing 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 $3,000<\/p>\n

Major Resistance Level \u2013 $3,120<\/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-36440","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\/36440","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=36440"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36440\/revisions"}],"predecessor-version":[{"id":36443,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36440\/revisions\/36443"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=36440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=36440"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=36440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}