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Home»Analysis»Ethereum – Price teases an outbreak – this spark can be a momentum shift
Analysis

Ethereum – Price teases an outbreak – this spark can be a momentum shift

2025-03-24No Comments3 Mins Read
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Ethereum -Price started a recovery wave above $ 1,880 zone. ETH is now consolidating and is confronted with obstacles near the $ 2,020 resistance.

  • Ethereum started a recovery wave above the level of $ 1,920.
  • The price acts under $ 1,950 and the 100-hour simple advancing average.
  • There is an increasing channel in the short term that forms with support at $ 1,980 on the hourly table ETH/USD (data feed via Kraken).
  • The couple must delete the resistance levels of $ 2,020 and $ 2,040 to start a considerable increase.

Ethereum -Price is reserved

Ethereum -Price formed a base above the level of $ 1,820 and started a recovery wave, such as Bitcoin. ETH was able to erase the resistance levels of $ 1,880 and $ 1,920.

The bulls pushed the price above the $ 1,950 level. There was a movement above the 50% FIB retracement level of the downward wave of the $ 2,068 swing high to $ 1,936 low. However, the bears seem to be active in the $ 2,020 resistance zone.

Ethereum price is now traded under $ 1,950 and the 100-hour simple advancing average. There is also an increasing channel in the short term that forms with support at $ 1,980 on the ETH/USD graph per hour.

See also  Top Trader Says Large-Cap Altcoin Is on the Cusp of a Violent Upward Move, Updates Outlook for Bitcoin and dogwifhat

At the top the price seems to have to do with obstacles near the level of $ 2,020. The following key resistance is near the $ 2,040 level or the 76.4% FIB retracement level of the downward wave of the $ 2,068 Swing high to $ 1,936 low.

Ethereum -Price
Source: Ethusd on TradingView.com

The first major resistance is near the level of $ 2,040. A clear movement above the $ 2,040 resistance can send the price to $ 2,120 resistance. An upward break above the $ 2,120 resistance can request more profit in the coming sessions. In the declared case, Ether could rise to the $ 2,150 resistance zone or even $ 2,250 in the short term.

Another drop in ETH?

If Ethereum did not know the resistance of $ 2,040, this can start a new decline. The first support on the disadvantage is near the level of $ 1,980. The first major support is near the $ 1,950 zone.

A clear movement under the support of $ 1,950 can push the price to $ 1,880 support. All losses can send the price in the short term to the support level of $ 1,850. The following key support is $ 1,800.

Technical indicators

Hour MacD – The MACD for ETH/USD is gaining force in the bullish zone.

Hour RSI – The RSI for ETH/USD is now above 50 zone.

Major support level – $ 1,880

Large resistance level – $ 2,040

Source link

Ethereum Momentum Outbreak Price shift Spark teases
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