Ethereum Price Hits $3K Again: Will Gains Continue?

Ethereum price began rising beyond $3,000 barrier. ETH rose 10% and approaches $3,250, the crucial barrier.

Ethereum surged past $2,880 resistance.
The price is over $3,000 and the 100-hour SMA.

On the hourly ETH/USD chart, a bullish trend line with support around $3,120 is formed.

If $3,250 barrier is broken, the pair may increase.
Ethereum Price Maintains Momentum

Like Bitcoin, Ethereum price rose beyond $2,750 barrier. ETH moved into a bullish zone after breaking $2,880 and $3,000 resistance levels.

It even broke $3,120 in recent sessions. It rose over 10% and crossed $3,150. Before a small retreat, $3,249 was a peak. The $3,020 swing low to $3,249 high upward move fell below the 50% Fib retracement line.

Bulls were active at $3,080, the 76.4% Fib retracement line of the advance from $3,020 swing low to $3,249 high. Ethereum is over $3,120 and the 100-hour SMA. The hourly ETH/USD chart shows a fresh bullish trend line with support at $3,120.

The price may face resistance at $3,200 on the upside. Around $3,250 is the first substantial obstacle. Around $3,300 is the primary resistance. A clean break over $3,300 might push the price above $3,350.

Above $3,420 barrier might lead to greater advances in the following sessions. Ether might soar above $3,500 resistance.

Does ETH Support Dips?

Ethereum may drop below $3,250 if it fails to break. The downside has first support at $3,150. First big support is between $3,120 and the trend line.

A decisive break below $3,120 might send the price below $3,080. If losses continue, the price may reach $3,050 support. The next support is $3,000.

Tech Indicators

Hourly ETH/USD MACD is rising in the positive zone.

Hourly ETH/USD RSI is over 50.

Major Support: $3,120

Major Resistance: $3,250

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