The post Ethereum Price Fails to Break $3,000—Is the Uptrend in Danger? appeared on BitcoinEthereumNews.com.

Este artículo también está disponible en español. Ethereum price failed to clear the $3,000 resistance zone. ETH is consolidating near $2,750 and might aim for a fresh increase. Ethereum is still showing positive signs above the $2,680 zone. The price is trading above $2,750 and the 100-hourly Simple Moving Average. There is a short-term bullish trend line forming with support at $2,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,850 and $2,880. Ethereum Price Eyes Fresh Increase Ethereum price remained supported above the $2,650 level and recently started a decent upward move, outperforming Bitcoin. ETH gained pace above the $2,750 and $2,850 resistance levels. The price even spiked toward $3,000 before the bears appeared. There was no upside continuation and the price corrected gains. There was a move below the $2,850 support. The price traded below the 50% Fib retracement level of the upward move from the $2,616 swing low to the $3,021 high. Ethereum price is now trading above $2,750 and the 100-hourly Simple Moving Average. There is also a short-term bullish trend line forming with support at $2,780 on the hourly chart of ETH/USD. It is close to the 61.8% Fib retracement level of the upward move from the $2,616 swing low to the $3,021 high. On the upside, the price seems to be facing hurdles near the $2,820 level. The first major resistance is near the $2,850 level. The main resistance is now forming near $2,880 or $2,920. Source: ETHUSD on TradingView.com A clear move above the $2,920 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the…

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Filed under: News - @ February 24, 2025 3:20 am