Ethereum Price Survives Dip: Rallies 10% and Targets More Upside

Ethereum price started a fresh increase above the $3,220 zone. ETH is rising and aiming for more gains above the $3,350 resistance. Ethereum started a fresh increase above the $3,220 and $3,300 levels. The price is trading above $3,250 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $3,385 resistance zone. Ethereum Price Regains Traction Ethereum price remained supported above $3,000 and started a fresh increase like Bitcoin. ETH gained pace for a move above the $3,150 and $3,220 resistance levels. The bulls pumped the price above the $3,300 level. It gained over 10% and traded as high as $3,387. It is now consolidating gains above the 23.6% Fib retracement level of the recent move from the $3,036 swing low to the $3,387 high. Ethereum price is now trading above $3,220 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,350 level. There is also a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH/USD. The first major resistance is near the $3,385 level. The main resistance is now forming near $3,420. A clear move above the $3,420 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,880. Another Decline In ETH? If Ethereum fails to clear the $3,350 resistance, it could start another decline. Initial support on the downside is near the $3,300 level. The first major support sits near the $3,250 zone. A clear move below the $3,250 support might push the price toward $3,220 or the 50% Fib retracement level of the recent move from the $3,036 swing low to the $3,387 high. Any more losses might send the price toward the $3,150 support level in the near term. The next key support sits at $3,050. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,250 Major Resistance Level – $3,385

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XRP Hits $1.4 Mark for the First Time in 2021, Promising Recovery for Crypto Investors

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On November 22, 2024, Solana (SOL) prices soared to a new all-time high of $264.31, marking a significant milestone for the crypto market amidst a revival in altcoin enthusiasm. The

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Solana Surpasses Sony and Allianz with $1223.5 Billion Market Cap, Now Ranks 153rd Globally

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Solana Surpasses $260 for the First Time, Hinting at Continuing Momentum in Cryptocurrency Markets

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Boost Your Earnings: HTX’s SmartEarn Offers 6% APY on Futures Accounts

On November 14, HTX announced the upgrade of its Liquid Restaking to SmartEarn, bringing users a more flexible The post Boost Your Earnings: HTX’s SmartEarn Offers 6% APY on Futures Accounts first appeared on HTX Square .

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Solana Hits All-Time High Price Two Years After FTX Nearly Sent It to Zero

After plunging to nearly $8 in 2022, Solana has finally fully rebounded, jumping above the $260 mark Thursday for the first time ever.

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