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7 hour ago
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Ethereum Price Targets $3,000 Break Amid Bullish Momentum

Ethereum Price Update

  • Ethereum price is on a recovery path, trading above the $2,950 mark and the 100-hourly Simple Moving Average.
  • A bullish trend line has formed with support at $2,930, indicating potential upward momentum.
  • The current resistance levels are at $3,000 and $3,030, with major resistance at $3,050.
  • If Ethereum breaks above $3,050, it may reach $3,120, with further potential to hit $3,200 or $3,220.
  • Failure to clear the $3,000 resistance could lead to a decline, with supports at $2,950 and $2,920.
  • A drop below $2,920 could push the price towards $2,880 or lower to $2,800 and $2,720.

Ethereum Price

Technical Indicators

  • Hourly MACD: Gaining momentum in the bullish zone.
  • Hourly RSI: Above the 50 zone, indicating positive momentum.
  • Major Support Level: $2,950
  • Major Resistance Level: $3,000

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