{"id":480866,"date":"2022-01-12T05:18:01","date_gmt":"2022-01-12T05:18:01","guid":{"rendered":"https:\/\/uniquehot.com\/?p=480866"},"modified":"2024-06-11T14:10:33","modified_gmt":"2024-06-11T14:10:33","slug":"ethereum-rallies-above-3200","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-rallies-above-3200\/","title":{"rendered":"TA: Ethereum Rallies Above $3,200 But This Resistance Is The Key"},"content":{"rendered":"
Ethereum started an upside correction above the $3,180 zone against the US Dollar. ETH price must clear the $3,250 to continue higher in the near term.<\/em><\/p>\n Ethereum started a decent increase above the $3,150 resistance zone<\/a>. ETH even broke the $3,200 resistance zone and the 100 hourly simple moving average to move into a positive zone.<\/p>\n The upward move gained pace, but the bears appeared near the $3,250 level. A high was formed near $3,264 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the recent increase from the $2,931 swing low to $3,264 high.<\/p>\n Besides, there is a key bullish trend line forming with support near $3,190 on the hourly chart of ETH\/USD. Bitcoin price is trading above $3,200 and the 100 hourly simple moving average<\/a>.<\/p>\n <\/a><\/p>\n On the upside, an immediate resistance is near the $3,250 level. A clear move above the $3,250 level might start a major increase in the near term. The next major resistance is near the $3,330 level, above which ether price could test $3,400. Any more gains could send the price towards the $3,550 level in the near term.<\/p>\n If ethereum fails to start a fresh increase above the $3,250 level, it could start another decline. An initial support on the downside is near the $3,200 level.<\/p>\n The first key support is now forming near the $3,190 level and the trend line. A downside break below the $3,190 level might spark a fresh decline. In the stated case, the price could test the $3,100 support zone. It is near the 50% Fib retracement level of the recent increase from the $2,931 swing low to $3,264 high.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is slowly losing pace in the bullish zone.<\/p>\n Hourly RSI – <\/strong>The RSI for ETH\/USD is above the 50 level.<\/p>\n Major Support Level \u2013 $3,190<\/p>\n Major Resistance Level \u2013 $3,250<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum started an upside correction above the $3,180 zone against the US Dollar. ETH price must clear the $3,250 to continue higher in the near term. Ethereum started a decent increase above the $3,200 resistance zone. The price is trading above $3,200 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $3,190 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to rise if there is a clear break above the $3,250 resistance zone. Ethereum Price Aims Upside Break Ethereum started a decent increase above the $3,150 resistance zone. ETH even broke the $3,200 resistance zone and the 100 hourly simple moving average to move into a positive zone. The upward move gained pace, but the bears appeared near the $3,250 level. A high was formed near $3,264 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the recent increase from the $2,931 swing low to $3,264 high. Besides, there is a key bullish trend line forming with support near $3,190 on the hourly chart of ETH\/USD. Bitcoin price is trading above $3,200 and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com On the upside, an immediate resistance is near the $3,250 level. A clear move above the $3,250 level might start a major increase in the near term. The next major resistance is near the $3,330 level, above which ether price could test $3,400. Any more gains could send the price towards the $3,550 level in the near term. Fresh Decline in ETH? If ethereum fails to start a fresh increase above the $3,250 level, it could start another decline. An initial support on the downside is near the $3,200 level. The first key support is now forming near the $3,190 level and the trend line. A downside break below the $3,190 level might spark a fresh decline. In the stated case, the price could test the $3,100 support zone. It is near the 50% Fib retracement level of the recent increase from the $2,931 swing low to $3,264 high. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is slowly losing pace in the bullish zone. Hourly RSI – The RSI for ETH\/USD is above the 50 level. Major Support Level \u2013 $3,190 Major Resistance Level \u2013 $3,250<\/p>\n","protected":false},"author":67,"featured_media":464831,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[1946,8686,78803],"class_list":["post-480866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n\n
Ethereum Price Aims Upside Break<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Fresh Decline in ETH?<\/h2>\n