{"id":222,"date":"2024-10-07T06:54:48","date_gmt":"2024-10-07T06:54:48","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-price-back-above-2500-is-a-bigger-move-coming\/"},"modified":"2024-10-07T06:54:48","modified_gmt":"2024-10-07T06:54:48","slug":"ethereum-price-back-above-2500-is-a-bigger-move-coming","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-price-back-above-2500-is-a-bigger-move-coming\/","title":{"rendered":"Ethereum Price Back Above $2,500: Is a Bigger Move Coming?"},"content":{"rendered":"<p><em>Ethereum price started a fresh increase from the $2,300 support zone. ETH is rising and might aim for a move above the $2,550 resistance.<\/em><\/p>\n<ul>\n<li>Ethereum started a decent increase above the $2,350 and $2,420 levels.<\/li>\n<li>The price is trading above $2,420 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bullish trend line forming with support at $2,435 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair must clear the $2,525 and $2,550 resistance levels to continue higher in the near term.<\/li>\n<\/ul>\n<h2>Ethereum Price Aims Higher<\/h2>\n<p>Ethereum price remained stable above the $2,300 level and started a fresh increase. ETH was able to clear the $2,350 resistance to move into a positive zone like Bitcoin.<\/p>\n<p>The price was able to climb above the $2,400 resistance zone. There was a move above the 50% Fib retracement level of the downward wave from the $2,656 swing high to the $2,310 low. Finally, the bulls pushed the price above the $2,500 resistance.<\/p>\n<p>Ethereum price is now trading above $2,450 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2,435 on the hourly chart of ETH\/USD.<\/p>\n<p>On the upside, the price seems to be facing hurdles near the $2,525 level. It is close to the 61.8% Fib retracement level of the downward wave from the $2,656 swing high to the $2,310 low. A clear move above the $2,525 resistance might send the price toward the $2,550 resistance.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-646601 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/Ethereum_98f976.png?resize=1024%2C478\" alt=\"Ethereum Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/Ethereum_98f976.png?w=1835 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/Ethereum_98f976.png?w=460 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/Ethereum_98f976.png?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/Ethereum_98f976.png?w=860 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/Ethereum_98f976.png?w=1536 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/Ethereum_98f976.png?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/Ethereum_98f976.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"\/><\/p>\n<p>An upside break above the $2,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,650 resistance zone in the near term. The next hurdle sits near the $2,720 level or $2,740.<\/p>\n<h2>Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,525 resistance, it could start another decline. Initial support on the downside is near the $2,450 level. The first major support sits near the $2,420 zone and the trend line.<\/p>\n<p>A clear move below the $2,420 support might push the price toward $2,350. Any more losses might send the price toward the $2,320 support level in the near term. The next key support sits at $2,250.<\/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 $2,420<\/p>\n<p>Major Resistance Level \u2013 $2,525<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a fresh increase from the $2,300 support zone. ETH is rising and might aim for a move above the $2,550 resistance. Ethereum started a decent increase above the $2,350 and $2,420 levels. The price is trading above $2,420 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming&hellip;<\/p>\n","protected":false},"author":1,"featured_media":223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[69,153,71,72,73],"class_list":["post-222","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\/222","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=222"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/222\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/223"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}