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Ethereum Price Analysis: ETH Bulls Aim For $3,500

Summary:
Ethereum price is moving higher above the ,000 resistance against the US Dollar. ETH price is now trading above ,120 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near ,000 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the ,000 support zone. Ethereum price is rising above the ,120 level against the US Dollar. ETH/USD could rise further if it clears the ,250 resistance zone. Ethereum Price Analysis In the past few sessions, Ethereum saw a decent increase above the ,000 level against the US Dollar. ETH price was able to gain pace for a move above the ,120 level and the 55 simple moving average (4 hours). The bulls even pushed the price above the

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  • Ethereum price is moving higher above the $3,000 resistance against the US Dollar.
  • ETH price is now trading above $3,120 and the 55 simple moving average (4 hours).
  • There is a key bullish trend line forming with support near $3,000 on the 4-hour chart (data feed from Coinbase).
  • The pair could climb further if it stays above the $3,000 support zone.

Ethereum price is rising above the $3,120 level against the US Dollar. ETH/USD could rise further if it clears the $3,250 resistance zone.

Ethereum Price Analysis

In the past few sessions, Ethereum saw a decent increase above the $3,000 level against the US Dollar. ETH price was able to gain pace for a move above the $3,120 level and the 55 simple moving average (4 hours).

The bulls even pushed the price above the $3,200 resistance zone. A high is formed near $3,277 and the price is now consolidating gains. It is trading above the $3,200 level. It is also above the 23.6% Fib retracement level of the upward wave from the $2,868 swing low to the $3,277 high.

Ether price is showing positive signs above $3,120 and the 55 simple moving average (4 hours). There is also a key bullish trend line forming with support near $3,000 on the 4-hour chart.

Immediate resistance on the upside is near the $3,250 level. The next major resistance is near the $3,320 zone. A clear move above the $3,320 level could send the price toward $3,450. Any more gains could even send the price toward the $3,500 resistance zone or $3,550 in the near term.

On the downside, initial support is near the $3,180 level. The next major support is now near the $3,070 level or 50% Fib retracement level of the upward wave from the $2,868 swing low to the $3,277 high, below which the price might test $3,000. A break below the $3,000 support could push the price to $2,880. Any more losses could lead the price towards $2,740.

Ethereum Price Analysis: ETH Bulls Aim For $3,500
Ethereum Price

Looking at the chart, Ethereum’s price is trading above the $3,120 zone and the 55 simple moving average (4 hours). Overall, Ether’s price could climb further if it stays above the $3,000 support zone.

Technical indicators

4 hours MACD – The MACD for ETH/USD is now gaining momentum in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for ETH/USD is now above the 50 level.

Key Support Levels – $3,180, followed by the $3,000 zone.

Key Resistance$ Levels – $3,250 and $3,320.

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