<\/p>\n
Ethereum price started a recovery wave from the $2,800 zone. ETH is now trading near $3,000 and might aim for more gains if it clears $3,050.<\/em><\/p>\n Ethereum price managed to remain stable above $2,850 and started a recovery wave, like Bitcoin<\/a>. ETH price was able to clear the $2,900 and $2,920 resistance levels.<\/p>\n The price cleared the 61.8% Fib retracement level of the downward wave from the $3,065 swing high to the $2,784 swing low. The price even surpassed the $3,000 level. A high was formed at $3,030 and the price is now consolidating gains above the 23.6% Fib retracement level of the recent upward move from the $2,784 swing low to the $3,030 high.<\/p>\n Ethereum price is now trading above $2,980 and the 100-hourly Simple Moving Average<\/a>. Besides, there is a bullish trend line forming with support at $2,970 on the hourly chart of ETH\/USD.<\/p>\n If the bulls remain in action above $2,970, the price could attempt another increase. Immediate resistance is seen near the $3,030 level. The first key resistance is near the $3,050 level. The next major resistance is near the $3,065 level.<\/p>\n A clear move above the $3,065 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 $3,180 resistance zone or even $3,200 in the near term.<\/p>\n If Ethereum fails to clear the $3,050 resistance, it could start a fresh decline. Initial support on the downside is near the $2,970 level. The first major support sits near the $2,950 zone.<\/p>\n A clear move below the $2,950 support might push the price toward the $2,880 support. Any more losses might send the price toward the $2,825 region. The main support could be $2,780.<\/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 above the 50 zone.<\/p>\n Major Support Level \u2013 $2,950<\/p>\n Major Resistance Level \u2013 $3,050<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Ethereum price started a recovery wave from the $2,800 zone. ETH is now trading near $3,000 and might aim for more gains if it clears $3,050. Ethereum managed to stay above $2,850 and started a recovery wave. The price is trading above $2,950 and the 100-hourly Simple Moving Average. There is a bullish trend line […]<\/p>\n","protected":false},"author":2,"featured_media":418229,"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-418216","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\/418216","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=418216"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/418216\/revisions"}],"predecessor-version":[{"id":418240,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/418216\/revisions\/418240"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/418229"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=418216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=418216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=418216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
Ethereum Price Starts Recovery<\/h2>\n
Another Rejection In ETH?<\/h2>\n