The post Ethereum Price Hits $3,450 Wall: Can It Power Through? appeared on BitcoinEthereumNews.com.

Este artículo también está disponible en español. Ethereum price extended its increase above the $3,220 resistance. ETH is now consolidating and facing hurdles near the $3,450 resistance. Ethereum started a fresh increase above the $3,120 resistance zone. The price is trading above $3,150 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,220 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it remains stable above the $3,150 zone. Ethereum Price Faces Hurdles Ethereum price started a fresh increase above the $3,000 resistance like Bitcoin. ETH was able to climb above the $3,120 and $3,120 resistance levels to move further into a positive zone. It even surged above the $3,350 level and traded to a new monthly high. A high was formed at $3,443 before there was a minor pullback. There was a move below the 23.6% Fib retracement level of the upward wave from the $3,070 swing low to the $3,443 high. Ethereum price is now trading above $3,150 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $3,220 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the upward wave from the $3,070 swing low to the $3,443 high. On the upside, the price seems to be facing hurdles near the $3,320 level. The first major resistance is near the $3,400 level. The main resistance is now forming near $3,450. A clear move above the $3,450 resistance might send the price toward the $3,580 resistance. Source: ETHUSD on TradingView.com An upside break above the $3,580 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 - @ November 13, 2024 4:10 am