{"id":219729,"date":"2023-12-27T22:40:04","date_gmt":"2023-12-27T17:10:04","guid":{"rendered":"https:\/\/dripp.zone\/news\/ethereum-price-exits-correction-trend-with-6-jump-is-2600-within-reach-crypto-news\/"},"modified":"2023-12-27T22:40:09","modified_gmt":"2023-12-27T17:10:09","slug":"ethereum-price-exits-correction-trend-with-6-jump-is-2600-within-reach-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-price-exits-correction-trend-with-6-jump-is-2600-within-reach-crypto-news\/","title":{"rendered":"Ethereum Price Exits Correction Trend With 6% Jump, Is $2600 Within Reach? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-171331\">\n<p>\nThe Ethereum price escape from a correction trendline sets the next leap of recovery beyond $2500\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"578\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/uZgqjEf7-e1703695692114.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"ETH Price\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">  Published 10 mins ago <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Despite the ongoing uncertainty in the crypto market, the second largest cryptocurrency Ethereum (ETH) has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/ethereum-price-prediction-as-bear-trap-points-to-10-surge\/\">managed to sustain<\/a> above the $2150 level. This level coincides closely with the 23.6% Fibonacci retracement level indicating the overall trend of this asset remains bullish. With an intraday gain of 5.3%, the ETH price has just offered a breakout above the resistance trendline which traced the correction trend indicating an early signal of uptrend continuation.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ethereum-aint-dead-heres-why-ethereum-can-outperform-bitcoin-in-q1-2024\/\">Ethereum Ain\u2019t Dead: Here\u2019s Why Ethereum Can Outperform Bitcoin in Q1 2024<\/a><\/p>\n<h2><b>Is ETH Price Ready to Surpass $2500<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The ETH price breakout from the overhead trendline should release the build-up momentum<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The coin buyers may face potential supply pressure at $2400, followed by $2665<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in Ether is $12.8 Billion, indicating a 30% gain.<\/span><\/li>\n<\/ul>\n<figure style=\"width: 1946px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Ethereum Price\" width=\"1946\" height=\"937\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/u\/uZgqjEf7.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/u\/uZgqjEf7.png\" alt=\"Ethereum Price\" width=\"1946\" height=\"937\"\/><\/noscript><figcaption class=\"wp-caption-text\">Ethereum Price| TradingView Chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">After witnessing steady growth from mid-October to early December, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\/\">Ethereum price<\/a> shifted its projection sideways in line with the current market uncertainty. This last three weeks\u2019 consolidation gives a view of price sustainability at higher levels and a short breather per buyers to recuperate the rest of the time.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">Interestingly, the ETH price was actively rebounding from two converging trendlines which acted as a dynamic resistance and support. Today, the Ethereum price witnessed a significant inflow, which led to a decisive breakout from the upper trendline in the 4-hour time frame chart.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">Should this candle close above the breached level, the buyers would obtain an early signal of uptrend continuation. With sustained buying the ETH price should surpass the last swing high resistance of $2400 to obtain a better confirmation and entry opportunity.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per the Fibonacci extension tool, the post-correction rally can chase a potential target of $2665 aligned with the 0.618 FIB level<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><strong>Key Level to Watch<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">While the current market outlook for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/crypto-price-prediction-today-december-26th-eth-hnt-rose\/\">Ethereum seems strongly bullish<\/a>, the coin buyers may face renewed supply pressure at the $2400 mark. In case this resistance triggers another correction, the coin holders can rely on an ascending trendline that has been offering dynamic support to the ETH price for nearly two months. The coin price rebounded several times from the support project the buyers continued to accumulate at market dips, which is a strong signal of an established uptrend. On the contrary, a breakdown below this support would trigger a significant correction in ETH price<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Bollinger Band: <\/b><span style=\"font-weight: 400;\">The flattish upper boundary of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger Band indicator<\/a> offers an additional layer of resistance at $2400<\/span><\/li>\n<li aria-level=\"1\"><b>Vortex Indicator: <\/b><span style=\"font-weight: 400;\">A bullish crossover between the VI+ and VI- slope signals a recovery trend in active.<\/span><\/li>\n<\/ul>\n<p><noscript><link rel=\"stylesheet\" id=\"quads-style-css-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/quick-adsense-reloaded\/includes\/gutenberg\/dist\/blocks.style.build.css?ver=2.0.72.1\" type=\"text\/css\" media=\"all\"\/><link rel=\"stylesheet\" id=\"dscf7-math-captcha-style-css\" 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            <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA171331\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD171331\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ethereum price escape from a correction trendline sets the next leap of recovery beyond $2500 Published 10 mins ago Despite the ongoing uncertainty in the crypto market, the second largest cryptocurrency Ethereum (ETH) has managed to sustain above the $2150 level. This level coincides closely with the 23.6% Fibonacci retracement level indicating the overall [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":219730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-219729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/219729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=219729"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/219729\/revisions"}],"predecessor-version":[{"id":219731,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/219729\/revisions\/219731"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/219730"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=219729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=219729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=219729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}