GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout

Ethereum Price Gains Traction: Can It Sustain the Climb?

Ethereum price started a fresh increase above $3,220. ETH is now consolidating and might eye more gains above the $3,270 resistance zone.

  • Ethereum started a fresh increase above the $3,120 zone.
  • The price is trading above $3,200 and the 100-hourly Simple Moving Average.
  • There was a break above a key bearish trend line with resistance at $3,200 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start another increase if it stays above the $3,200 level.

Ethereum Price Recovers

Ethereum price started a decent increase from the $3,020 zone, like Bitcoin. ETH was able to surpass the $3,120 and $3,150 resistance levels to move into a positive zone.

There was a break above a key bearish trend line with resistance at $3,200 on the hourly chart of ETH/USD. The pair surpassed the 50% Fib retracement level of the downward move from the $3,427 wing high to the $3,020 swing low.

However, the bears are now active near the $3,270 and $3,280 resistance levels. Ethereum price is now trading above $3,200 and the 100-hourly Simple Moving Average.

On the upside, the price seems to be facing hurdles near the $3,270 level and the 61.8% Fib retracement level of the downward move from the $3,427 wing high to the $3,020 swing low. The first major resistance is near the $3,330 level. The main resistance is now forming near $3,360. A clear move above the $3,360 resistance might send the price toward the $3,450 resistance.

Ethereum Price

An upside break above the $3,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,550 resistance zone or even $3,650 in the near term.

Another Drop In ETH?

If Ethereum fails to clear the $3,270 resistance, it could start another decline. Initial support on the downside is near the $3,220 level. The first major support sits near the $3,200.

A clear move below the $3,200 support might push the price toward the $3,120 support. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $3,200

Major Resistance Level – $3,270

Latest Press

post-thumbnail
News
2 hours ago
Why Bitcoin Analyst and Influencer PlanB Convert His Bitcoin Into ETFs?
The post Why Bitcoin Analyst and Influencer PlanB Convert His Bitcoin Into ETFs? appeared first on C...
READ MORE
post-thumbnail
News
2 hours ago
Crypto News: Argentina’s President Milei Could Face Impeachment Over Promoting $LIBRA Cryptocurrency Scam
The post Crypto News: Argentina’s President Milei Could Face Impeachment Over Promoting $LIBRA Cry...
READ MORE
post-thumbnail
News
2 hours ago
XRP Price Prediction For February 16
The post XRP Price Prediction For February 16 appeared first on Coinpedia Fintech News Ripple’s XR...
READ MORE
post-thumbnail
News
2 hours ago
XRP News: Major Ripple Developments and Global Partnerships Unveiled
The post XRP News: Major Ripple Developments and Global Partnerships Unveiled appeared first on Coin...
READ MORE
default post thumbnail
News
2 hours ago
Looking For The Next Kaspa? Analyst Predicts This RWA Crypto to 10X Before Q3 2025, Here’s Why
As Kaspa (KAS) struggles to hold momentum, analysts are shifting their attention toward Coldware (CO...
READ MORE
default post thumbnail
News
2 hours ago
Kaspa (KAS) Whales Swim Towards Web3 Mobile Provider Releasing Cryptocurrency Priced at $0.0045
As the cryptocurrency market continues to evolve, Coldware (COLD) has emerged as a dominant force in...
READ MORE
default post thumbnail
News
8 hours ago
Uniswap Price Surges Past $10 — Bullish Pattern Suggests Further 30% Gain
The Uniswap price appears to be recovering nicely after a disappointing performance at the beginning...
READ MORE
default post thumbnail
News
8 hours ago
XRP Breaks Key Barrier, Surges Past 100-Day SMA And $2.7 Resistance
XRP has finally shattered a critical resistance level, surging past $2.7 and breaking above the 100-...
READ MORE
default post thumbnail
News
8 hours ago
XRP Price To New All-Time High? Analyst Says $5.8 Is Possible Following ‘Golden Cross’
The XRP price action has been one of the brighter spots in the cryptocurrency space in 2025, weather...
READ MORE
default post thumbnail
News
8 hours ago
Solana, XRP, and Lightchain AI Crypto – What’s in Store for Their Prices During the 2025 Altcoin Boom?
As the cryptocurrency market gears up for the next major altcoin boom in 2025, investors are closely...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started