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Este artículo también está disponible en español. Ethereum price found support near $2,350 and started a fresh increase. ETH is rising and might aim for a move above the $2,580 resistance. Ethereum started a fresh surge above the $2,500 resistance zone. The price is trading above $2,500 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,460 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above $2,580 and $2,620. Ethereum Price Restarts Increase Ethereum price found support near $2,350 and started a fresh increase like Bitcoin. ETH was able to climb above the $2,420 and $2,450 resistance levels to move into a positive zone. It cleared the 50% Fib retracement level of the downward move from the $2,583 swing high to the $2,357 low. Besides, there was a break above a key bearish trend line with resistance at $2,460 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,500 and the 100-hourly Simple Moving Average. It is also above the 76.4% Fib retracement level of the downward move from the $2,583 swing high to the $2,357 low. On the upside, the price seems to be facing hurdles near the $2,580 level. The first major resistance is near the $2,620 level. The main resistance is now forming near $2,650. A clear move above the $2,650 resistance might send the price toward the $2,720 resistance. Source: ETHUSD on TradingView.com An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,750 resistance zone. Another Drop In ETH? If Ethereum fails to clear the $2,620 resistance, it could start another decline. Initial support on the…

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Filed under: News - @ November 6, 2024 3:28 am