Ethereum Price Hints At Potential Fresh Rally, Buy The Dip?
Ethereum's price surpasses $3,120 resistance, eyeing $3,280 for a potential rally. The cryptocurrency broke key hurdles, surpassing 50% Fib retracement level and is trading above $3,120 and the 100-hourly Simple Moving Average. Immediate resistance at $3,200, with major levels at $3,250 and $3,280. A breach above $3,350 could push it to $3,420, aiming for $3,550 and potentially $3,880. Failure to pass $3,250 could lead to a decline, with support levels at $3,150, $3,120, and potential drops to $3,020 and $2,965. Technical indicators suggest a bullish trend with MACD gaining momentum and RSI above 50. Key levels include a Major Support at $3,150 and Major Resistance at $3,280.
EASY MODE:
Ethereum's price is going up! It passed $3,120 and might reach $3,280. It overcame some important challenges and is now trading above $3,120 and the 100-hourly Simple Moving Average. Right now, it faces a small obstacle at $3,200, then bigger ones at $3,250 and $3,280. If it goes past $3,350, it could go up to $3,420, aiming for $3,550 and maybe even $3,880. But if it can't get past $3,250, it might go down instead. In that case, it has support at $3,150, $3,120, and could drop to $3,020 and $2,965. The numbers on the computer show that things are looking good for Ethereum, with the trend looking positive and some important support and resistance levels.
