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Ethereum price is rising from the $3,550 zone. ETH is showing bullish signs and might soon aim for a move above the $3,920 resistance zone.<\/em><\/p>\n

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Ethereum remained in a positive zone and stayed above the $3,650 zone.<\/li>\n
The price is trading above $3,750 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bullish trend line forming with support at $3,800 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n

The pair could continue to rise if it clears the $3,880 resistance zone.<\/li>\n<\/ul>\n
Ethereum Price Starts Fresh Increase<\/h2>\n
Ethereum price remained well-bid above the $3,650 support zone. ETH formed a base and recently started a fresh increase above $3,700 like Bitcoin<\/a>. The bulls were able to push the price above the $3,800 resistance.<\/p>\n
A high was formed at $3,895 and the price is now showing many positive signs<\/a>. It is stable above the 23.6% Fib retracement level of the upward move from the $3,505 swing low to the $3,895 high. There is also a key bullish trend line forming with support at $3,800 on the hourly chart of ETH\/USD.<\/p>\n
Ethereum price is now trading above $3,750 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,895 level. The first major resistance is near the $3,920 level. The main resistance is now forming near $3,950.<\/p>\n
$\"Ethereum$ <\/a>
Source: ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
A clear move above the $3,950 resistance might send the price toward the $4,000 resistance. An upside break above the $4,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,050 resistance zone or even $4,120.<\/p>\n
Another Drop In ETH?<\/h2>\n
If Ethereum fails to clear the $3,920 resistance, it could start another decline. Initial support on the downside is near the $3,800 level. The first major support sits near the $3,750 zone.<\/p>\n
A clear move below the $3,750 support might push the price toward the $3,700 support or the 50% Fib retracement level of the upward move from the $3,505 swing low to the $3,895 high. Any more losses might send the price toward the $3,650 support level in the near term. The next key support sits at $3,600.<\/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 zone.<\/p>\n
Major Support Level \u2013 $3,700<\/p>\n
Major Resistance Level \u2013 $3,920<\/p>\n<\/p><\/div>\n

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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
Este art\u00edculo tambi\u00e9n est\u00e1 disponible en espa\u00f1ol. Ethereum price is rising from the $3,550 zone. ETH is showing bullish signs and might soon aim for a move above the $3,920 resistance zone. Ethereum remained in a positive zone and stayed above the $3,650 zone. The price is trading above $3,750 and the 100-hourly Simple Moving […]<\/p>\n","protected":false},"author":1,"featured_media":110555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[1330,44,1329,124,2687,470],"class_list":{"0":"post-110554","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-closer","9":"tag-ethereum","10":"tag-inches","11":"tag-price","12":"tag-rockets","13":"tag-target"},"_links":{"self":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/110554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/comments?post=110554"}],"version-history":[{"count":0,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/110554\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media\/110555"}],"wp:attachment":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media?parent=110554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/categories?post=110554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/tags?post=110554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}