Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131
Grasp – Cryptocurrencypanther https://cryptocurrencypanther.com Latest Crypto News Mon, 02 Dec 2024 06:37:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://cryptocurrencypanther.com/wp-content/uploads/2021/07/cropped-Cryptocurrency-e1626714913653-32x32.png Grasp – Cryptocurrencypanther https://cryptocurrencypanther.com 32 32 Ethereum Bulls Charge Ahead: $4K Within Grasp https://cryptocurrencypanther.com/2024/12/02/ethereum-bulls-charge-ahead-4k-within-grasp/ https://cryptocurrencypanther.com/2024/12/02/ethereum-bulls-charge-ahead-4k-within-grasp/#respond Mon, 02 Dec 2024 06:37:46 +0000 https://cryptocurrencypanther.com/2024/12/02/ethereum-bulls-charge-ahead-4k-within-grasp/


Este artículo también está disponible en español.

Ethereum price is moving higher above the $3,600 zone. ETH is showing bullish signs and might soon aim for a move above the $3,800 resistance zone.

  • Ethereum started a decent increase from the $3,550 zone.
  • The price is trading above $3,550 and the 100-hourly Simple Moving Average.
  • There is a connecting bullish trend line forming with support at $3,700 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could restart its increase if it clears the $3,750 zone.

Ethereum Price Eyes Steady Increase

Ethereum price remained supported above $3,350 and started a fresh increase like Bitcoin. ETH was able to surpass the $3,450 and $3,550 resistance levels.

The bulls pumped the price above the $3,700 level. A high was formed at $3,748 and the price is now consolidating gains. There was a minor decline below the $3,720 level. The price dipped and tested the 23.6% Fib retracement level of the upward wave from the $3,572 swing low to the $3,748 high.

Ethereum price is now trading above $3,550 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $3,700 on the hourly chart of ETH/USD.

Ethereum Price
Source: ETHUSD on TradingView.com

On the upside, the price seems to be facing hurdles near the $3,740 level. The first major resistance is near the $3,750 level. The main resistance is now forming near $3,800. A clear move above the $3,800 resistance might send the price toward the $3,880 resistance. An upside break above the $3,880 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,940 resistance zone or even $4,000.

Downside Correction In ETH?

If Ethereum fails to clear the $3,750 resistance, it could start another decline. Initial support on the downside is near the $3,700 level. The first major support sits near the $3,675 zone.

A clear move below the $3,675 support might push the price toward the 61.8% Fib retracement level of the upward wave from the $3,572 swing low to the $3,748 high at $3,640. Any more losses might send the price toward the $3,570 support level in the near term. The next key support sits at $3,550.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $3,700

Major Resistance Level – $3,750



Source link

]]> https://cryptocurrencypanther.com/2024/12/02/ethereum-bulls-charge-ahead-4k-within-grasp/feed/ 0