{"id":1582,"date":"2024-12-02T06:00:23","date_gmt":"2024-12-02T06:00:23","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-bulls-charge-ahead-4k-within-grasp\/"},"modified":"2024-12-02T06:00:23","modified_gmt":"2024-12-02T06:00:23","slug":"ethereum-bulls-charge-ahead-4k-within-grasp","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-bulls-charge-ahead-4k-within-grasp\/","title":{"rendered":"Ethereum Bulls Charge Ahead: $4K Within Grasp"},"content":{"rendered":"<p><em>Ethereum price is moving higher above the $3,600 zone. ETH is showing bullish signs and might soon aim for a move above the $3,800 resistance zone.<\/em><\/p>\n<ul>\n<li>Ethereum started a decent increase from the $3,550 zone.<\/li>\n<li>The price is trading above $3,550 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a connecting bullish trend line forming with support at $3,700 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could restart its increase if it clears the $3,750 zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Eyes Steady Increase<\/h2>\n<p>Ethereum price remained supported above $3,350 and started a fresh increase like Bitcoin. ETH was able to surpass the $3,450 and $3,550 resistance levels.<\/p>\n<p>The bulls pumped the price above the $3,700 level. A high was formed at $3,748 and the price is now consolidating gains. There was a minor decline below the $3,720 level. The price dipped and tested the 23.6% Fib retracement level of the upward wave from the $3,572 swing low to the $3,748 high.<\/p>\n<p>Ethereum price is now trading above $3,550 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $3,700 on the hourly chart of ETH\/USD.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"wp-image-656228 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Ethereum.png?resize=1024%2C478\" alt=\"Ethereum Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>On the upside, the price seems to be facing hurdles near the $3,740 level. The first major resistance is near the $3,750 level. The main resistance is now forming near $3,800. A clear move above the $3,800 resistance might send the price toward the $3,880 resistance. An upside break above the $3,880 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,940 resistance zone or even $4,000.<\/p>\n<h2>Downside Correction In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,750 resistance, it could start another decline. Initial support on the downside is near the $3,700 level. The first major support sits near the $3,675 zone.<\/p>\n<p>A clear move below the $3,675 support might push the price toward the 61.8% Fib retracement level of the upward wave from the $3,572 swing low to the $3,748 high at $3,640. Any more losses might send the price toward the $3,570 support level in the near term. The next key support sits at $3,550.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now above the 50 zone.<\/p>\n<p>Major Support Level \u2013 $3,700<\/p>\n<p>Major Resistance Level \u2013 $3,750<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is moving higher above the $3,600 zone. ETH is showing bullish signs and might soon aim for a move above the $3,800 resistance zone. Ethereum started a decent increase from the $3,550 zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[69,153,71,72,73],"class_list":["post-1582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=1582"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/1583"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=1582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=1582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=1582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}