{"id":741,"date":"2024-10-21T04:00:22","date_gmt":"2024-10-21T04:00:22","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-bulls-set-sights-on-2850-is-a-surge-imminent\/"},"modified":"2024-10-21T04:00:22","modified_gmt":"2024-10-21T04:00:22","slug":"ethereum-bulls-set-sights-on-2850-is-a-surge-imminent","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-bulls-set-sights-on-2850-is-a-surge-imminent\/","title":{"rendered":"Ethereum Bulls Set Sights on $2,850: Is a Surge Imminent?"},"content":{"rendered":"<p><em>Ethereum price is extending gains above the $2,650 resistance. ETH could continue to rise toward $2,850 if it clears the $2,750 resistance zone.<\/em><\/p>\n<ul>\n<li>Ethereum remained in a positive zone above the $2,580 and $2,620 resistance levels.<\/li>\n<li>The price is trading above $2,650 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bullish trend line forming with support near $2,680 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could continue to move up if it clears the $2,750 and $2,780 resistance levels.<\/li>\n<\/ul>\n<h2>Ethereum Price Aims For More Gains<\/h2>\n<p>Ethereum price remained stable above the $2,600 level like Bitcoin. ETH extended gains above the $2,650 resistance level to move further into a positive zone.<\/p>\n<p>The price cleared the $2,700 level and tested $2,765. A high was formed at $2,765 and the price is now consolidating gains. There was a minor decline below the $2,740 level, but the price is stable above the 23.6% Fib retracement level of the upward move from the $2,576 swing low to the $2,765 high.<\/p>\n<p>Ethereum price is now trading above $2,650 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $2,680 on the hourly chart of ETH\/USD. The trend line is near the 50% Fib retracement level of the upward move from the $2,576 swing low to the $2,765 high.<\/p>\n<p>On the upside, the price seems to be facing hurdles near the $2,750 level. The first major resistance is near the $2,765 level. A clear move above the $2,765 resistance might send the price toward the $2,840 resistance. An upside break above the $2,840 resistance might call for more gains in the coming sessions.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"wp-image-649003 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/10\/Ethereum_45f74d.png?resize=1024%2C478\" alt=\"Ethereum Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>In the stated case, Ether could rise toward the $2,880 resistance zone in the near term. The next hurdle sits near the $2,920 level or $2,950.<\/p>\n<h2>Another Drop In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,750 resistance, it could start another decline. Initial support on the downside is near the $2,720 level. The first major support sits near the $2,680 zone and the trend line.<\/p>\n<p>A clear move below the $2,720 support might push the price toward $2,650. Any more losses might send the price toward the $2,620 support level in the near term. The next key support sits at $2,550.<\/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 $2,650<\/p>\n<p>Major Resistance Level \u2013 $2,765<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is extending gains above the $2,650 resistance. ETH could continue to rise toward $2,850 if it clears the $2,750 resistance zone. Ethereum remained in a positive zone above the $2,580 and $2,620 resistance levels. The price is trading above $2,650 and the 100-hourly Simple Moving Average. There is a key bullish trend line&hellip;<\/p>\n","protected":false},"author":1,"featured_media":742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[69,153,71,72,73],"class_list":["post-741","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\/741","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=741"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/742"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}