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{"id":629927,"date":"2024-07-16T03:18:54","date_gmt":"2024-07-16T03:18:54","guid":{"rendered":"https:\/\/uniquehot.com\/?p=629927"},"modified":"2024-07-16T02:46:06","modified_gmt":"2024-07-16T02:46:06","slug":"ethereum-price-rockets-3500","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-rockets-3500\/","title":{"rendered":"Ethereum Price Rockets to $3,500 Again: Can Bulls Ignite a Higher Surge?"},"content":{"rendered":"

Ethereum price gained pace above the $3,350 resistance zone. ETH even tested $3,500 and aims for more upsides in the near term.<\/em><\/p>\n

\n
Ethereum is showing strength and tested the $3,500 level.<\/li>\n
The price is trading above $3,350 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bullish trend line forming with support at $3,320 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could continue to rise above the $3,500 and $3,550 resistance levels.<\/li>\n<\/ul>\n
Ethereum Price Climbs 10%, Bulls In Action<\/h2>\n
Ethereum price started a major increase above the $3,250 resistance zone. ETH even climbed above the $3,350 resistance to move further into a positive zone. Finally, there was a move above the $3,440 resistance, like Bitcoin<\/a>.<\/p>\n
It tested the $3,500 resistance zone. A high was formed at $3,497 and the price is now consolidating gains. The bulls seem to be active well above the 23.6% Fib retracement level of the upward wave from the $3,085 swing low to the $3,497 high.<\/p>\n
Ethereum is now trading above $3,400 and the 100-hourly Simple Moving Average. There is also a key bullish trend line<\/a> forming with support at $3,320 on the hourly chart of ETH\/USD.<\/p>\n
On the upside, the price is facing resistance near the $3,480 level. The first major resistance is near the $3,500 level. The next major hurdle is near the $3,550 level. A close above the $3,550 level might send Ether toward the $3,650 resistance.<\/p>\n
$\"Ethereum$ <\/a>
Source: ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The next key resistance is near $3,720. An upside break above the $3,720 resistance might send the price higher toward the $3,880 resistance zone in the coming days.<\/p>\n
Are Dips Limited In ETH?<\/h2>\n
If Ethereum fails to clear the $3,500 resistance, it could start a downside correction. Initial support on the downside is near $3,400. The first major support sits near the $3,320 zone and the trend line.<\/p>\n
A clear move below the $3,320 support might push the price toward $3,270 or the 50% Fib retracement level of the upward wave from the $3,085 swing low to the $3,497 high. Any more losses might send the price toward the $3,220 support level in the near term. The next key support sits at $3,150.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n
Hourly RSI – <\/strong>The RSI for ETH\/USD is now above the 50 zone.<\/p>\n
Major Support Level \u2013 $3,320<\/p>\n
Major Resistance Level \u2013 $3,500<\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum price gained pace above the $3,350 resistance zone. ETH even tested $3,500 and aims for more upsides in the near term. Ethereum is showing strength and tested the $3,500 level. The price is trading above $3,350 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,320 on the hourly chart of ETH\/USD (data feed via Kraken). The pair could continue to rise above the $3,500 and $3,550 resistance levels. Ethereum Price Climbs 10%, Bulls In Action Ethereum price started a major increase above the $3,250 resistance zone. ETH even climbed above the $3,350 resistance to move further into a positive zone. Finally, there was a move above the $3,440 resistance, like Bitcoin. It tested the $3,500 resistance zone. A high was formed at $3,497 and the price is now consolidating gains. The bulls seem to be active well above the 23.6% Fib retracement level of the upward wave from the $3,085 swing low to the $3,497 high. Ethereum is now trading above $3,400 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,320 on the hourly chart of ETH\/USD. On the upside, the price is facing resistance near the $3,480 level. The first major resistance is near the $3,500 level. The next major hurdle is near the $3,550 level. A close above the $3,550 level might send Ether toward the $3,650 resistance. The next key resistance is near $3,720. An upside break above the $3,720 resistance might send the price higher toward the $3,880 resistance zone in the coming days. Are Dips Limited In ETH? If Ethereum fails to clear the $3,500 resistance, it could start a downside correction. Initial support on the downside is near $3,400. The first major support sits near the $3,320 zone and the trend line. A clear move below the $3,320 support might push the price toward $3,270 or the 50% Fib retracement level of the upward wave from the $3,085 swing low to the $3,497 high. Any more losses might send the price toward the $3,220 support level in the near term. The next key support sits at $3,150. Technical Indicators Hourly MACD \u2013 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 \u2013 $3,320 Major Resistance Level \u2013 $3,500<\/p>\n","protected":false},"author":67,"featured_media":629929,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83362],"tags":[65296,1946,8686,78803],"class_list":["post-629927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Rockets to $3,500 Again: Can Bulls Ignite a Higher Surge?<\/title>\n<meta name=\"description\" content=\"Ethereum price gained pace above the $3,350 resistance zone. 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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 Rockets to $3,500 Again: Can Bulls Ignite a Higher Surge?","url":"http:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-rockets-3500\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-rockets-3500\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/Ethereum-3500.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/Ethereum-3500.jpg?fit=1792%2C1024"},"articleSection":"ETH","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":"2024-07-16T03:18:54Z","datePublished":"2024-07-16T03:18:54Z","dateModified":"2024-07-16T03:18:54Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Rockets to $3,500 Again: Can Bulls Ignite a Higher Surge?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/eth\\\/ethereum-price-rockets-3500\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/eth\\\/ethereum-price-rockets-3500\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Ethereum-3500.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Ethereum-3500.jpg?fit=1792%2C1024\"},\"articleSection\":\"ETH\",\"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\":\"2024-07-16T03:18:54Z\",\"datePublished\":\"2024-07-16T03:18:54Z\",\"dateModified\":\"2024-07-16T03:18:54Z\"}<\/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\/2024\/07\/Ethereum-3500.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/629927"}],"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=629927"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/629927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/629929"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=629927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=629927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=629927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}