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Ethereum Price Poised for Lift-Off: Will an Upside Break Spark a Surge? Newsbtc 1 săptămână în urmă

Ethereum Price Poised for Lift-Off: Will an Upside Break Spark a Surge? 📈

Ethereum

Ethereum's price is currently facing resistance below $3,500 while Bitcoin continues to gain. It is consolidating above $3,150 with the potential for an upside break. Ethereum failed to sustain a close above the $3,400 and $3,450 marks. Currently trading above $3,300 and the 100-hourly Simple Moving Average, a contracting triangle is forming with resistance at $3,355 on the ETH/USD hourly chart.

Should Ethereum clear the $3,400 resistance, it may increase further. An upside break past the $3,550 resistance could lead to more gains, potentially pushing Ether towards the $3,650 or even $3,720 zones. However, failure to clear the $3,400 resistance might result in another decline.

Technical indicators suggest a loss in momentum in the bullish zone, with key supports at $3,200 and resistances at $3,400. A move below $3,250 could target $3,200 support. However, a clear move above this resistance could spark a surge.

Sursă: www.newsbtc.com ↗

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