NewsBTC
4 hours ago
0 0

Ethereum Price Holds Above $3,150 as Bulls Target $3,350 Resistance

Ethereum Price Analysis

  • Ethereum's price increased above $3,150 and is consolidating for a potential rise above $3,350.
  • The price corrected from the $3,450 zone but remains above $3,200 and the 100-hourly Simple Moving Average.
  • A new bullish trend line with support at $3,180 is forming.
  • If Ethereum breaks above $3,350, it could aim for $3,400 and possibly $3,450 or $3,500.

Ethereum Price

Potential Decline

  • If Ethereum fails to surpass $3,320 resistance, it might decline again.
  • Initial support levels are at $3,200 and $3,150. A break below $3,150 could target $3,040 and then $3,020 or $3,000.

Technical Indicators

  • Hourly MACD: Bullish momentum.
  • Hourly RSI: Above the 50 mark.
  • Major Support Level: $3,180
  • Major Resistance Level: $3,350