<\/p>\n
Ethereum price started a fresh surge and traded above $2,365. ETH is now consolidating and might aim for more gains if it clears $2,400.<\/em><\/p>\n Ethereum price managed to stay above the $2,200 support and started a fresh increase, like Bitcoin<\/a>. ETH price gained pace for a move above $2,220 and $2,280.<\/p>\n The bulls pumped the price above the $2,365 resistance. A high was formed at $2,417, and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $2,180 swing low to the $2,416 high.<\/p>\n Ethereum price is now trading above $2,300 and the 100-hourly Simple Moving Average<\/a>. If the bulls remain in action above $2,300, the price could attempt another increase.<\/p>\n Immediate resistance is seen near the $2,360 level. The first key resistance is near the $2,380 level. The next major resistance is near the $2,400 level. A clear move above the $2,400 resistance might send the price toward the $2,480 resistance. An upside break above the $2,480 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,550 resistance zone or even $2,620 in the near term.<\/p>\n If Ethereum fails to clear the $2,400 resistance, it could start a downside correction. Initial support on the downside is near the $2,320 level. The first major support sits near the $2,300 zone.<\/p>\n A clear move below the $2,300 support might push the price toward the $2,270 support and the 61.8% Fib retracement level of the upward move from the $2,180 swing low to the $2,416 high. Any more losses might send the price toward the $2,220 region. The main support could be $2,180.<\/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 $2,270<\/p>\n Major Resistance Level \u2013 $2,400<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Ethereum price started a fresh surge and traded above $2,365. ETH is now consolidating and might aim for more gains if it clears $2,400. Ethereum started a steady increase above the $2,220 zone. The price is trading above $2,300 and the 100-hourly Simple Moving Average. There was a break below a rising channel with support […]<\/p>\n","protected":false},"author":2,"featured_media":424430,"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-424425","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\/424425","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=424425"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424425\/revisions"}],"predecessor-version":[{"id":424431,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424425\/revisions\/424431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/424430"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=424425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=424425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=424425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
Ethereum Price Fails To Clear $2,400<\/h2>\n
More Downside In ETH?<\/h2>\n