Ethereum

Resistance

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ethereum-breaks-through-3000-price-barrier" rel="noopener noreferrer nofollow">Ethereum Breaks Through $3,000 Price Barrier</a><br></p>
<p style="text-align: justify">The digital currency <a href="https://en.bitcoinhaber.net/ethereums-ascent-poised-for-a-breakthrough-to-10000" rel="noopener noreferrer nofollow">Ethereum</a> has achieved a notable increase, breaking past the $3,000 resistance mark. This progress underscores Ethereum’s robust performance trend and has placed it above the 100-hour Simple Moving Average, indicating promising prospects for the cryptocurrency.</p>
<h2 id="key-support-levels-for-ethereum-s-ascent">Key Support Levels for Ethereum’s Ascent</h2>
<p style="text-align: justify">Ethereum’s price movement depicts a consistent rising trend, with a support level at $2,950 offering a potential foundation for continued growth. This support might play a critical role in sustaining the upward trajectory and curbing any downward corrections.</p>
<p style="text-align: justify">Resistance levels are a focal point, with Ethereum facing immediate hurdles at $3,040 and $3,065. A forceful ascent could challenge the $3,120 resistance zone, and if breached, the path toward $3,220 and beyond might be paved for Ethereum.</p>
<h2 id="support-levels-to-watch-for-potential-dips">Support Levels to Watch for Potential Dips</h2>
<p style="text-align: justify">On the flip side, it’s crucial to keep an eye on specific support levels for Ethereum, should it experience a decline. Key supports at $2,995 and $2,950 are identified as possible cushions that could stabilize the cryptocurrency’s price should a retracement occur.</p>
<p style="text-align: justify">The bullish momentum for Ethereum is further confirmed by technical indicators such as the hourly MACD, which shows a bullish trend. The Relative Strength Index (RSI) being above 50 also implies that the buying activity might persist.</p>
<p style="text-align: justify">Currently trading near a vital support level, Ethereum’s commendable performance and technical indicators suggest a potential continuation of its upward trend. Nonetheless, investors should remain vigilant and adapt to any significant changes at the resistance or support levels.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ethereum-breaks-through-3000-price-barrier" rel="noopener noreferrer nofollow">Ethereum Breaks Through $3,000 Price Barrier</a></h5>

Ethereum Breaks Through $3,000 Price Barrier

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