{"id":2423,"date":"2025-01-17T06:00:28","date_gmt":"2025-01-17T06:00:28","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-price-on-the-move-bulls-push-for-a-fresh-upside\/"},"modified":"2025-01-17T06:00:28","modified_gmt":"2025-01-17T06:00:28","slug":"ethereum-price-on-the-move-bulls-push-for-a-fresh-upside","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-price-on-the-move-bulls-push-for-a-fresh-upside\/","title":{"rendered":"Ethereum Price on The Move: Bulls Push for a Fresh Upside"},"content":{"rendered":"<p><em>Ethereum price started a fresh recovery wave above the $3,250 zone. ETH is holding gains and might aim for a fresh increase above the $3,480 zone.<\/em><\/p>\n<ul>\n<li>Ethereum started a decent recovery wave above the $3,240 zone.<\/li>\n<li>The price is trading above $3,300 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a connecting bearish trend line with resistance at $3,320 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could continue to rise if it clears the $3,400 resistance level.<\/li>\n<\/ul>\n<h2>Ethereum Price Stays Above The Key Support<\/h2>\n<p>Ethereum price started a decent upward move above the $3,240 level but upsides were limited compared to Bitcoin. ETH was able to clear the $3,300 and $3,320 resistance levels to move into a short-term positive zone.<\/p>\n<p>The pair even surged above the $3,350 and $3,400 levels. Finally, it tested the $3,480 zone. A high was formed at $3,473 and recently the price corrected some gains. There was a drop below the 23.6% Fib retracement level of the upward move from the $2,912 swing low to the $3,473 high.<\/p>\n<p>Ethereum price is now trading above $3,280 and the 100-hourly Simple Moving Average. It is again rising and trading above $3,300. There was a break above a connecting bearish trend line with resistance at $3,320 on the hourly chart of ETH\/USD.<\/p>\n<p>On the upside, the price seems to be facing hurdles near the $3,400 level. The first major resistance is near the $3,420 level. The main resistance is now forming near $3,480. A clear move above the $3,480 resistance might send the price toward the $3,550 resistance.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-677417\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/01\/Ethereum_83bcf9.png?resize=1024%2C478\" alt=\"Ethereum Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,720 in the near term.<\/p>\n<h2>Downside Correction In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,400 resistance, it could start another decline. Initial support on the downside is near the $3,280 level. The first major support sits near the $3,200 or the 50% Fib retracement level of the upward move from the $2,912 swing low to the $3,473 high.<\/p>\n<p>A clear move below the $3,200 support might push the price toward the $3,120 support. Any more losses might send the price toward the $3,050 support level in the near term. The next key support sits at $3,000.<\/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 $3,280<\/p>\n<p>Major Resistance Level \u2013 $3,400<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a fresh recovery wave above the $3,250 zone. ETH is holding gains and might aim for a fresh increase above the $3,480 zone. Ethereum started a decent recovery wave above the $3,240 zone. The price is trading above $3,300 and the 100-hourly Simple Moving Average. There was a break above a connecting&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[69,153,71,72,73],"class_list":["post-2423","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\/2423","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=2423"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2423\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/2424"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=2423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=2423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=2423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}