{"id":1625,"date":"2024-12-04T06:00:27","date_gmt":"2024-12-04T06:00:27","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-price-holds-steady-4k-remains-the-goal\/"},"modified":"2024-12-04T06:00:27","modified_gmt":"2024-12-04T06:00:27","slug":"ethereum-price-holds-steady-4k-remains-the-goal","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-price-holds-steady-4k-remains-the-goal\/","title":{"rendered":"Ethereum Price Holds Steady, $4K Remains The Goal"},"content":{"rendered":"<p><em>Ethereum price is recovering higher from the $3,500 zone. ETH is showing bullish signs and might soon aim for a move above the $3,700 resistance zone.<\/em><\/p>\n<ul>\n<li>Ethereum remained in a positive zone and stayed above the $3,500 zone.<\/li>\n<li>The price is trading above $3,620 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a connecting bearish trend line with resistance at $3,600 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could restart its increase if it clears the $3,700 zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Makes Fresh Increase<\/h2>\n<p>Ethereum price failed to clear the $3,680 resistance zone and corrected some gains like Bitcoin. ETH declined below the $3,600 and $3,550 support levels. It even retested the $3,500 support level.<\/p>\n<p>A low was formed at $3,505 and the price is now attempting a fresh increase. There was a move above the $3,600 and $3,620 levels. The price cleared the 50% Fib retracement level of the downward move from the $3,760 swing high to the $3,505 low.<\/p>\n<p>Besides, there was a break above a connecting bearish trend line with resistance at $3,600 on the hourly chart of ETH\/USD. Ethereum price is now trading above $3,600 and the 100-hourly Simple Moving Average.<\/p>\n<p>On the upside, the price seems to be facing hurdles near the $3,680 level. The first major resistance is near the $3,700 level or the 76.4% Fib retracement level of the downward move from the $3,760 swing high to the $3,505 low. The main resistance is now forming near $3,750.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-656649\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Ethereum_5e8486.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 $3,880 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 $4,000 resistance zone or even $4,120.<\/p>\n<h2>Another Drop In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,700 resistance, it could start another decline. Initial support on the downside is near the $3,600 level. The first major support sits near the $3,550 zone.<\/p>\n<p>A clear move below the $3,550 support might push the price toward the $3,500 support. Any more losses might send the price toward the $3,420 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 $3,600<\/p>\n<p>Major Resistance Level \u2013 $3,700<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is recovering higher from the $3,500 zone. ETH is showing bullish signs and might soon aim for a move above the $3,700 resistance zone. Ethereum remained in a positive zone and stayed above the $3,500 zone. The price is trading above $3,620 and the 100-hourly Simple Moving Average. There was a break above&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[69,153,71,72,73],"class_list":["post-1625","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\/1625","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=1625"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/1626"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=1625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=1625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=1625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}