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{"id":603224,"date":"2024-04-15T04:27:29","date_gmt":"2024-04-15T04:27:29","guid":{"rendered":"https:\/\/uniquehot.com\/?p=603224"},"modified":"2024-06-11T08:20:57","modified_gmt":"2024-06-11T08:20:57","slug":"ethereum-price-reclaims-3k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-reclaims-3k\/","title":{"rendered":"Ethereum Price Reclaims $3K But Can ETH Continue Higher?"},"content":{"rendered":"

Ethereum price dived over 10% before the bulls appeared near $2,550. ETH is back above $3,000 and now faces many hurdles near $3,200.<\/em><\/p>\n

\n
Ethereum is attempting a recovery wave from the $2,550 support zone.<\/li>\n
The price is trading below $3,250 and the 100-hourly Simple Moving Average.<\/li>\n
There is a rising channel forming with resistance at $3,200 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could gain bullish momentum if it stays above the $3,000 support zone.<\/li>\n<\/ul>\n
Ethereum Price Eyes Recovery Wave<\/h2>\n
Ethereum price started a major decline from the $3,550 resistance<\/a>. ETH declined over 10% and traded below the $3,000 support. It even spiked below $2,750 and tested $2,550.<\/p>\n
A low was formed near $2,537 and the price is now attempting a recovery wave, like Bitcoin<\/a>. The price climbed above the $2,800 and $3,000 resistance levels. It even surpassed the 50% Fib retracement level of the downward move from the $3,615 swing high to the $2,537 low.<\/p>\n
Ethereum is now trading below $3,250 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,200 level or the 61.8% Fib retracement level of the downward move from the $3,615 swing high to the $2,537 low. There is also a rising channel forming with resistance at $3,200 on the hourly chart of ETH\/USD.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/p>\n
The first major resistance is near the $3,250 level. The next key resistance sits at $3,300, above which the price might test the $3,360 level. The key hurdle could be $3,500, above which Ether could gain bullish momentum. In the stated case, the price could rise toward the $3,620 zone. If there is a move above the $3,620 resistance, Ethereum could even rise toward the $3,750 resistance.<\/p>\n
Another Decline In ETH?<\/h2>\n
If Ethereum fails to clear the $3,250 resistance, it could start another decline. Initial support on the downside is near the $3,080 level.<\/p>\n
The first major support is near the $3,000 zone. The next key support could be the $2,880 zone. A clear move below the $2,880 support might send the price toward $2,750. Any more losses might send the price toward the $2,550 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bearish zone.<\/p>\n
Hourly RSI – <\/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 $3,250<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price dived over 10% before the bulls appeared near $2,550. ETH is back above $3,000 and now faces many hurdles near $3,200. Ethereum is attempting a recovery wave from the $2,550 support zone. The price is trading below $3,250 and the 100-hourly Simple Moving Average. There is a rising channel forming with resistance at $3,200 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could gain bullish momentum if it stays above the $3,000 support zone. Ethereum Price Eyes Recovery Wave Ethereum price started a major decline from the $3,550 resistance. ETH declined over 10% and traded below the $3,000 support. It even spiked below $2,750 and tested $2,550. A low was formed near $2,537 and the price is now attempting a recovery wave, like Bitcoin. The price climbed above the $2,800 and $3,000 resistance levels. It even surpassed the 50% Fib retracement level of the downward move from the $3,615 swing high to the $2,537 low. Ethereum is now trading below $3,250 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,200 level or the 61.8% Fib retracement level of the downward move from the $3,615 swing high to the $2,537 low. There is also a rising channel forming with resistance at $3,200 on the hourly chart of ETH\/USD. Source: ETHUSD on TradingView.com The first major resistance is near the $3,250 level. The next key resistance sits at $3,300, above which the price might test the $3,360 level. The key hurdle could be $3,500, above which Ether could gain bullish momentum. In the stated case, the price could rise toward the $3,620 zone. If there is a move above the $3,620 resistance, Ethereum could even rise toward the $3,750 resistance. Another Decline In ETH? If Ethereum fails to clear the $3,250 resistance, it could start another decline. Initial support on the downside is near the $3,080 level. The first major support is near the $3,000 zone. The next key support could be the $2,880 zone. A clear move below the $2,880 support might send the price toward $2,750. Any more losses might send the price toward the $2,550 level. Technical Indicators Hourly MACD \u2013 The MACD for ETH\/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH\/USD is now above the 50 level. Major Support Level \u2013 $3,000 Major Resistance Level \u2013 $3,250<\/p>\n","protected":false},"author":67,"featured_media":456672,"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":[65296,1946,8686,78803],"class_list":["post-603224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Reclaims $3K But Can ETH Continue Higher?<\/title>\n<meta name=\"description\" content=\"Ethereum price dived over 10% before the bulls appeared near $2,550. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Price Reclaims $3K But Can ETH Continue Higher?","url":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-reclaims-3k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-reclaims-3k\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/02\/shutterstock_1044002455.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/02\/shutterstock_1044002455.jpg?fit=1000%2C667"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ethbtc","ethereum","ethusd","ethusdt"],"dateCreated":"2024-04-15T04:27:29Z","datePublished":"2024-04-15T04:27:29Z","dateModified":"2024-06-11T08:20:57Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Reclaims $3K But Can ETH Continue Higher?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-reclaims-3k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-reclaims-3k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/shutterstock_1044002455.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/shutterstock_1044002455.jpg?fit=1000%2C667\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ethbtc\",\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2024-04-15T04:27:29Z\",\"datePublished\":\"2024-04-15T04:27:29Z\",\"dateModified\":\"2024-06-11T08:20:57Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/02\/shutterstock_1044002455.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/603224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=603224"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/603224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/456672"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=603224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=603224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=603224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}