NewsBTC
Nov 27, 2025
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Ethereum Price Surges Over 5% Above $3,000 Resistance

Ethereum's price has initiated a recovery, rising above $3,000, driven by positive momentum similar to Bitcoin.

  • The price surpassed the $2,950 and $3,000 levels and is trading above the 100-hourly Simple Moving Average.
  • A key bullish trend line with support at $2,880 is forming on the ETH/USD hourly chart.
  • If Ethereum clears the $3,120 resistance, it may continue to climb.

Technical Outlook

  • The price has broken through the 61.8% and 76.4% Fib retracement levels of its recent decline.
  • Resistance levels are at $3,120, $3,150, and a significant one at $3,165. Breaking these may drive the price towards $3,220 or higher.
  • Potential upside could see Ethereum reaching $3,320 or even $3,350.

Downside Risks

  • Failure to surpass the $3,150 resistance could trigger a decline.
  • Initial support lies around $2,980, with stronger supports at $2,920 and $2,840.
  • A further drop might push the price towards $2,800, with additional support at $2,750.

Ethereum Price

Technical Indicators

  • Hourly MACD: Gaining momentum in the bullish zone.
  • Hourly RSI: Above the 50 level, indicating strength.

Major Support Level: $2,980

Major Resistance Level: $3,150