Dec 22, 2025
5 0
Ethereum Price Rises Above $2,950 Amid Recovery Wave
Ethereum's price has initiated a recovery, moving above $2,950. It is consolidating and may attempt another upward wave if it surpasses $3,050.
- Price is trading above $2,950 and the 100-hourly Simple Moving Average.
- A break occurred above a bearish trend line with resistance at $2,920 on the ETH/USD hourly chart.
- Potential continued upward movement if settled above $3,050.
Key Resistance and Support Levels
- Immediate resistance at $3,020 and the 61.8% Fib retracement level.
- Major resistances at $3,050, $3,080, and potentially $3,150. A break above this could lead to $3,220 or $3,250.
- If unable to surpass $3,050, initial support is at $2,950, with further support at $2,915, $2,880, $2,840, and ultimately $2,800.
Technical Indicators
- Hourly MACD: Losing momentum in the bullish zone.
- Hourly RSI: Above the 50 zone.
