{"id":1606,"date":"2024-12-03T06:00:27","date_gmt":"2024-12-03T06:00:27","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-price-poised-for-recovery-will-it-reignite-the-uptrend\/"},"modified":"2024-12-03T06:00:27","modified_gmt":"2024-12-03T06:00:27","slug":"ethereum-price-poised-for-recovery-will-it-reignite-the-uptrend","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-price-poised-for-recovery-will-it-reignite-the-uptrend\/","title":{"rendered":"Ethereum Price Poised for Recovery: Will It Reignite The Uptrend?"},"content":{"rendered":"<p><em>Ethereum price is moving higher from the $3,550 zone. ETH is showing bullish signs and might soon aim for a move above the $3,680 resistance zone.<\/em><\/p>\n<ul>\n<li>Ethereum started a downside correction and retested the $3,550 zone.<\/li>\n<li>The price is trading above $3,600 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $3,650 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could restart its increase if it clears the $3,650 zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Eyes Fresh Upward Move<\/h2>\n<p>Ethereum price failed to clear the $3,800 resistance zone and corrected some gains like Bitcoin. ETH declined below the $3,650 and $3,600 support levels. It even retested the $3,550 support level.<\/p>\n<p>A low was formed at $3,557 and the price is now attempting a fresh increase. There was a move above the $3,600 and $3,620 levels. The price tested the 50% Fib retracement level of the downward move from the $3,762 swing high to the $3,557 low.<\/p>\n<p>Ethereum price is now trading above $3,600 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,650 level. There is also a connecting bearish trend line forming with resistance at $3,650 on the hourly chart of ETH\/USD.<\/p>\n<p>The first major resistance is near the $3,685 level or the 61.8% Fib retracement level of the downward move from the $3,762 swing high to the $3,557 low. The main resistance is now forming near $3,750.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"wp-image-656389 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Ethereum_607bc5.png?resize=1024%2C478\" alt=\"Ethereum Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>A clear move above the $3,750 resistance might send the price toward the $3,800 resistance. An upside break above the $3,800 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,880 resistance zone or even $3,920.<\/p>\n<h2>Another Slide In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,650 resistance, it could start another decline. Initial support on the downside is near the $3,600 level. The first major support sits near the $3,580 zone.<\/p>\n<p>A clear move below the $3,580 support might push the price toward the $3,550 support. Any more losses might send the price toward the $3,440 support level in the near term. The next key support sits at $3,350.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is gaining 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 $3,550<\/p>\n<p>Major Resistance Level \u2013 $3,685<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is moving higher from the $3,550 zone. ETH is showing bullish signs and might soon aim for a move above the $3,680 resistance zone. Ethereum started a downside correction and retested the $3,550 zone. The price is trading above $3,600 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[69,153,71,72,73],"class_list":["post-1606","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\/1606","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=1606"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/1607"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=1606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=1606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=1606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}