<\/p>\n
Ethereum price started a recovery wave above $2,98<\/em>0. ETH is now consolidating and faces a key barrier near the $3,080 level.<\/em><\/p>\n Ethereum price started a decent increase above $2,880, like Bitcoin<\/a>. ETH price was able to surpass the $2,920 and $2,950 resistance levels to enter a positive zone.<\/p>\n The bulls pushed the price above the 61.8% Fib retracement level of the downward move<\/a> from the $3,175 swing high to the $2,775 low. The price even spiked above the $3,050 resistance zone. However, the bears remained active near $3,080.<\/p>\n Ethereum price is now trading above $2,980 and the 100-hourly Simple Moving Average. There is also a rising channel forming with support at $2,975 on the hourly chart of ETH\/USD.<\/p>\n If there is another upward move, the price could face resistance near the $3,050 level. The first key resistance is near the $3,080 level and the 76.4% Fib retracement level of the downward move from the $3,175 swing high to the $2,775 low.<\/p>\n The next major resistance is near the $3,150 level. A clear move above the $3,150 resistance might send the price toward the $3,220 resistance. An upside break above the $3,220 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,250 resistance zone or even $3,265 in the near term.<\/p>\n If Ethereum fails to clear the $3,080 resistance, it could start a fresh decline. Initial support on the downside is near the $2,980 level and the trend line. The first major support sits near the $2,915 zone.<\/p>\n A clear move below the $2,915 support might push the price toward the $2,840 support. Any more losses might send the price toward the $2,800 region. The next key support sits at $2,775.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n Major Support Level \u2013 $2,915<\/p>\n Major Resistance Level \u2013 $3,080<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Ethereum price started a recovery wave above $2,980. ETH is now consolidating and faces a key barrier near the $3,080 level. Ethereum started a decent upward move above the $3,000 zone. The price is trading above $2,980 and the 100-hourly Simple Moving Average. There is a rising channel forming with support at $2,975 on the […]<\/p>\n","protected":false},"author":2,"featured_media":414929,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-414928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/414928","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=414928"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/414928\/revisions"}],"predecessor-version":[{"id":414930,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/414928\/revisions\/414930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/414929"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=414928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=414928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=414928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
Ethereum Price Faces Important Resistance<\/h2>\n
Another Decline In ETH?<\/h2>\n