Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

2025-05-19

Nexchain leads together with BTC Bull Token

2025-05-19

Finish Bitcoin price inches in the direction of all time-can Momentum?

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-19

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

    2025-05-18
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

    2025-05-19

    Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

    2025-05-19

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18
  • Analysis

    Finish Bitcoin price inches in the direction of all time-can Momentum?

    2025-05-19

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Can Bulls Cause a Higher Wave?
Analysis

Can Bulls Cause a Higher Wave?

2024-07-16No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price quickly rose above the USD 3,350 resistance zone. ETH tested as high as $3,500 and is aiming for more gains in the near term.

  • Ethereum shows strength and tested the USD 3,500 level.
  • The price is trading above USD 3,350 and the 100-hourly Simple Moving Average.
  • A major bullish trendline is forming with support at $3,320 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to rise above the USD 3,500 and USD 3,550 resistance levels.

Ethereum Price Rises 10%, Bulls in Action

Ethereum price started a major rise above the USD 3,250 resistance zone. ETH even climbed above the USD 3,350 resistance to move further into a positive zone. Finally, there was a move above the resistance at $3,440, like Bitcoin.

It tested the $3,500 resistance zone. A high was reached at $3,497 and the price is now consolidating gains. The bulls appear to be active well above the 23.6% Fib retracement level of the upwave from the $3,085 swing low to the $3,497 high.

Ethereum is now trading above $3,400 and the 100-hourly Simple Moving Average. There is also a major bullish trendline forming with support at $3,320 on the hourly chart of ETH/USD.

On the upside, the price is facing resistance around the $3,480 level. The first major resistance is around the $3,500 level. The next major hurdle is near the USD 3,550 level. A close above the USD 3,550 level could send Ether towards the USD 3,650 resistance.

Ethereum price
Source: ETHUSD on TradingView.com

The next major resistance is near USD 3,720. An upside break above the USD 3,720 resistance could send the price higher towards the USD 3,880 resistance zone in the coming days.

See also  Ethereum price prints bullish technical pattern, why closing above $1,880 is critical

Are dips limited in ETH?

If Ethereum fails to clear the USD 3,500 resistance, it could initiate a downward correction. The initial downside support is near USD 3,400. The first major support is near the $3,320 zone and the trendline.

A clear move below the $3,320 support could push the price towards $3,270 or the 50% Fib retracement level of the upwave from the $3,085 swing low to the $3,497 high. Any further losses could send the price towards the USD 3,220 support level in the near term. The next major support is at USD 3,150.

Technical indicators

hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.

RSI per hour – The RSI for ETH/USD is now above the 50 zone.

Major support level – $3,320

Major resistance level – $3,500

Source link

Bulls Higher Wave
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Finish Bitcoin price inches in the direction of all time-can Momentum?

2025-05-19

Ethereum – price cannot break through – what does it stop?

2025-05-19

Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

2025-05-19

Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

2025-05-19
Add A Comment

Comments are closed.

Top Posts

Hong Kong bans Worldcoin’s data collection due to alleged privacy violations

2024-05-22

USDC MINTS $ 795.72M – How it can help to help Crypto & Bitcoin

2025-02-12

Samsung Next Invests in Startale Labs Amid Blockchain Partnership with Sony

2024-09-04
Editors Picks

The Solana Saga phone is the new Google ads…

2024-01-17

XRP set to skyrocket? Key developments point to huge gains ahead

2024-07-24

The Uniswap proposes to launch V3 on Fantom

2023-05-28

Janet Yellen claims the crypto industry needs “additional regulation” to plug “gaps.”

2023-06-07

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

Nexchain leads together with BTC Bull Token

Finish Bitcoin price inches in the direction of all time-can Momentum?

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,384.100.17%
  • ethereumEthereum(ETH)$2,513.920.17%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.37-1.65%
  • binancecoinBNB(BNB)$646.72-0.39%
  • solanaSolana(SOL)$165.84-4.15%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.224021-3.65%
  • cardanoCardano(ADA)$0.74-2.63%
  • tronTRON(TRX)$0.265056-1.12%
  • suiSui(SUI)$3.79-1.78%
  • chainlinkChainlink(LINK)$15.69-1.80%
  • avalanche-2Avalanche(AVAX)$22.30-3.50%
  • stellarStellar(XLM)$0.285728-2.29%
  • hyperliquidHyperliquid(HYPE)$26.07-1.07%
  • shiba-inuShiba Inu(SHIB)$0.000014-2.88%
  • hedera-hashgraphHedera(HBAR)$0.192214-1.69%
  • unus-sed-leoUNUS SED LEO(LEO)$8.63-0.88%
  • bitcoin-cashBitcoin Cash(BCH)$390.60-3.28%
  • the-open-networkToncoin(TON)$3.02-4.53%
  • litecoinLitecoin(LTC)$98.44-2.01%
  • polkadotPolkadot(DOT)$4.61-3.41%
  • moneroMonero(XMR)$342.610.51%
  • bitget-tokenBitget Token(BGB)$5.16-0.35%
  • pepePepe(PEPE)$0.000013-3.16%
  • daiDai(DAI)$1.000.02%
  • piPi(PI)$0.72-2.27%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.96-2.45%
  • bittensorBittensor(TAO)$411.70-3.22%
  • aaveAave(AAVE)$235.73-0.50%
  • nearNEAR Protocol(NEAR)$2.77-1.92%
  • aptosAptos(APT)$5.16-0.45%
  • okbOKB(OKB)$52.23-2.09%
  • ondo-financeOndo(ONDO)$0.93-2.68%
  • kaspaKaspa(KAS)$0.107568-5.62%
  • ethereum-classicEthereum Classic(ETC)$18.38-1.67%
  • internet-computerInternet Computer(ICP)$5.23-1.74%
  • gatechain-tokenGateToken(GT)$21.38-1.49%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.88-2.35%
  • crypto-com-chainCronos(CRO)$0.095900-3.68%
  • mantleMantle(MNT)$0.73-1.29%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.233877-2.14%
  • vechainVeChain(VET)$0.027993-2.53%
  • render-tokenRender(RENDER)$4.59-2.14%
  • ethenaEthena(ENA)$0.369428-5.55%
  • usd1World Liberty Financial USD(USD1)$1.00-0.05%
  • filecoinFilecoin(FIL)$2.900.04%
  • algorandAlgorand(ALGO)$0.221987-1.24%
  • arbitrumArbitrum(ARB)$0.389515-0.80%
  • bitcoinBitcoin(BTC)$105,384.100.17%
  • ethereumEthereum(ETH)$2,513.920.17%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.37-1.65%
  • binancecoinBNB(BNB)$646.72-0.39%
  • solanaSolana(SOL)$165.84-4.15%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.224021-3.65%
  • cardanoCardano(ADA)$0.74-2.63%
  • tronTRON(TRX)$0.265056-1.12%
  • suiSui(SUI)$3.79-1.78%
  • chainlinkChainlink(LINK)$15.69-1.80%
  • avalanche-2Avalanche(AVAX)$22.30-3.50%
  • stellarStellar(XLM)$0.285728-2.29%
  • hyperliquidHyperliquid(HYPE)$26.07-1.07%
  • shiba-inuShiba Inu(SHIB)$0.000014-2.88%
  • hedera-hashgraphHedera(HBAR)$0.192214-1.69%
  • unus-sed-leoUNUS SED LEO(LEO)$8.63-0.88%
  • bitcoin-cashBitcoin Cash(BCH)$390.60-3.28%
  • the-open-networkToncoin(TON)$3.02-4.53%
  • litecoinLitecoin(LTC)$98.44-2.01%
  • polkadotPolkadot(DOT)$4.61-3.41%
  • moneroMonero(XMR)$342.610.51%
  • bitget-tokenBitget Token(BGB)$5.16-0.35%
  • pepePepe(PEPE)$0.000013-3.16%
  • daiDai(DAI)$1.000.02%
  • piPi(PI)$0.72-2.27%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.96-2.45%
  • bittensorBittensor(TAO)$411.70-3.22%
  • aaveAave(AAVE)$235.73-0.50%
  • nearNEAR Protocol(NEAR)$2.77-1.92%
  • aptosAptos(APT)$5.16-0.45%
  • okbOKB(OKB)$52.23-2.09%
  • ondo-financeOndo(ONDO)$0.93-2.68%
  • kaspaKaspa(KAS)$0.107568-5.62%
  • ethereum-classicEthereum Classic(ETC)$18.38-1.67%
  • internet-computerInternet Computer(ICP)$5.23-1.74%
  • gatechain-tokenGateToken(GT)$21.38-1.49%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.88-2.35%
  • crypto-com-chainCronos(CRO)$0.095900-3.68%
  • mantleMantle(MNT)$0.73-1.29%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.233877-2.14%
  • vechainVeChain(VET)$0.027993-2.53%
  • render-tokenRender(RENDER)$4.59-2.14%
  • ethenaEthena(ENA)$0.369428-5.55%
  • usd1World Liberty Financial USD(USD1)$1.00-0.05%
  • filecoinFilecoin(FIL)$2.900.04%
  • algorandAlgorand(ALGO)$0.221987-1.24%
  • arbitrumArbitrum(ARB)$0.389515-0.80%