<\/p>\n
Ethereum price started a decent upward move above $2,900. ETH is now showing positive signs and might eye more gains above $3,000.<\/em><\/p>\n Ethereum price managed to stay above the $2,880 pivot level and started a recovery wave, like Bitcoin<\/a>. ETH price climbed above the $2,920 resistance to enter a positive zone.<\/p>\n The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $3,075 swing high to the $2,888 low. Besides, there is a bullish trend line forming with support at $2,930 on the hourly chart of ETH\/USD.<\/p>\n Ethereum price is now trading above $2,950 and the 100-hourly Simple Moving Average<\/a>. If the bulls are able to protect more losses below $2,950, the price could continue to move up.<\/p>\n Immediate resistance is seen near the $3,000 level and the 61.8% Fib retracement level of the downward move from the $3,075 swing high to the $2,888 low. The first key resistance is near the $3,030 level. The next major resistance is near the $3,050 level. A clear move above the $3,050 resistance might send the price toward the $3,120 resistance. An upside break above the $3,120 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,200 resistance zone or even $3,220 in the near term.<\/p>\n If Ethereum fails to clear the $3,000 resistance, it could start a fresh decline. Initial support on the downside is near the $2,950 level.<\/p>\n The first major support sits near the $2,920 zone. A clear move below the $2,920 support might push the price toward the $2,880 support. Any more losses might send the price toward the $2,800 region. The next key support sits at $2,720.<\/p>\n Technical Indicators<\/p>\n Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\n Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now above the 50 zone.<\/p>\n Major Support Level \u2013 $2,950<\/p>\n Major Resistance Level \u2013 $3,000<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Ethereum price started a decent upward move above $2,900. ETH is now showing positive signs and might eye more gains above $3,000. Ethereum started a recovery wave above the $2,920 zone. The price is trading above $2,950 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2,930 on […]<\/p>\n","protected":false},"author":2,"featured_media":415476,"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-415474","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\/415474","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=415474"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/415474\/revisions"}],"predecessor-version":[{"id":415477,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/415474\/revisions\/415477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/415476"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=415474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=415474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=415474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
Ethereum Price Eyes More Gains<\/h2>\n
Another Decline In ETH?<\/h2>\n