The post Ethereum Price Teases a Breakout—Can This Spark a Momentum Shift appeared on BitcoinEthereumNews.com.

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum price started a recovery wave above the $1,880 zone. ETH is now consolidating and facing hurdles near the $2,020 resistance. Ethereum started a recovery wave above the $1,920 level. The price is trading below $1,950 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $1,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,020 and $2,040 resistance levels to start a decent increase. Ethereum Price Faces Resistance Ethereum price formed a base above the $1,820 level and started a recovery wave, like Bitcoin. ETH was able to clear the $1,880 and $1,920 resistance levels. The bulls pushed the price above the $1,950 level. There was a move above the 50% Fib retracement level of the downward wave from the $2,068 swing high to the $1,936 low. However, the bears seem to be active near the $2,020 resistance zone. Ethereum price is now trading below $1,950 and the 100-hourly Simple Moving Average. There is also a short-term rising channel forming with support at $1,980 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,020 level. The next key resistance is near the $2,040 level or the 76.4% Fib retracement level of the downward wave from the $2,068 swing high to the $1,936 low. Source: ETHUSD on TradingView.com The first major resistance is near the $2,040 level.…

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Filed under: News - @ March 24, 2025 3:29 am