{"id":3672,"date":"2025-03-24T06:00:21","date_gmt":"2025-03-24T06:00:21","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-price-teases-a-breakout-can-this-spark-a-momentum-shift\/"},"modified":"2025-03-24T06:00:21","modified_gmt":"2025-03-24T06:00:21","slug":"ethereum-price-teases-a-breakout-can-this-spark-a-momentum-shift","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-price-teases-a-breakout-can-this-spark-a-momentum-shift\/","title":{"rendered":"Ethereum Price Teases a Breakout\u2014Can This Spark a Momentum Shift"},"content":{"rendered":"<p><em>Ethereum price started a recovery wave above the $1,880 zone. ETH is now consolidating and facing hurdles near the $2,020 resistance.<\/em><\/p>\n<ul>\n<li>Ethereum started a recovery wave above the $1,920 level.<\/li>\n<li>The price is trading below $1,950 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a short-term rising channel forming with support at $1,980 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair must clear the $2,020 and $2,040 resistance levels to start a decent increase.<\/li>\n<\/ul>\n<h2>Ethereum Price Faces Resistance<\/h2>\n<p>Ethereum price formed a base above the $1,820 level and started a recovery wave, like Bitcoin. ETH was able to clear the $1,880 and $1,920 resistance levels.<\/p>\n<p>The bulls pushed the price above the $1,950 level. There was a move above the 50% Fib retracement level of the downward wave from the $2,068 swing high to the $1,936 low. However, the bears seem to be active near the $2,020 resistance zone.<\/p>\n<p>Ethereum price is now trading below $1,950 and the 100-hourly Simple Moving Average. There is also a short-term rising channel forming with support at $1,980 on the hourly chart of ETH\/USD.<\/p>\n<p>On the upside, the price seems to be facing hurdles near the $2,020 level. The next key resistance is near the $2,040 level or the 76.4% Fib retracement level of the downward wave from the $2,068 swing high to the $1,936 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-717218\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/Ethereum_3837d4.png?resize=1024%2C449\" alt=\"Ethereum Price\" width=\"1024\" height=\"449\" loading=\"lazy\" \/><\/p>\n<p>The first major resistance is near the $2,040 level. A clear move above the $2,040 resistance might send the price toward the $2,120 resistance. An upside break above the $2,120 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,150 resistance zone or even $2,250 in the near term.<\/p>\n<h2>Another Drop In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,040 resistance, it could start another decline. Initial support on the downside is near the $1,980 level. The first major support sits near the $1,950 zone.<\/p>\n<p>A clear move below the $1,950 support might push the price toward the $1,880 support. Any more losses might send the price toward the $1,850 support level in the near term. The next key support sits at $1,800.<\/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 $1,880<\/p>\n<p>Major Resistance Level \u2013 $2,040<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a recovery wave above the $1,880 zone. ETH is now consolidating and facing hurdles near the $2,020 resistance. Ethereum started a recovery wave above the $1,920 level. The price is trading below $1,950 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $1,980 on the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3673,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[69,153,71,72,73],"class_list":["post-3672","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\/3672","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=3672"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/3673"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=3672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=3672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=3672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}