Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»EXCHANGE NEWS»Bulls want a new uptrend
EXCHANGE NEWS

Bulls want a new uptrend

By Crypto FlexsJanuary 18, 20253 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bulls want a new uptrend
Share
Facebook Twitter LinkedIn Pinterest Email

This article is also available in Spanish.

Ethereum price began a new recovery above the $3,250 area. ETH is maintaining its upward trend and may target a new rally above $3,480.

  • Ethereum began a significant recovery above the $3,240 area.
  • The price is trading above $3,300 and the 100-hour simple moving average.
  • On the hourly chart of ETH/USD (data feed via Kraken), a breakout occurred above a bearish trend line connecting with resistance at $3,320.
  • A break above the $3,400 resistance level could see the pair continue to rise.

Ethereum price remains above key support.

Ethereum price began a significant rally above the $3,240 level, but the gains were limited compared to Bitcoin. ETH was able to move into near-term positive territory by clearing the $3,300 and $3,320 resistance levels.

The pair even surged above the $3,350 and $3,400 levels. It last tested the $3,480 zone. The highest price was reached at $3,473, with the price recently correcting some gains. It fell below the 23.6% Fib retracement level of the upward move from the $2,912 swing low to the $3,473 high.

Ethereum price is currently trading above $3,280 and the 100-hour simple moving average. It has risen again and is trading above $3,300. On the hourly chart of ETH/USD, a breakout occurred above the bearish trend line connecting the resistance level at $3,320.

On the other hand, the price appears to be facing a hurdle near the $3,400 level. The first major resistance is near the $3,420 level. Major resistance is currently forming near $3,480. A clear break above the $3,480 resistance level could push the price towards the $3,550 resistance level.

Source: ETHUSD on TradingView.com

An uptick above the $3,550 resistance could lead to further gains in the coming sessions. If indicated, Ethereum could rise to the $3,650 resistance zone or $3,720 in the near term.

Fixing ETH’s shortcomings?

If Ethereum fails to clear the $3,400 resistance, another decline could begin. Initial support for the downside is near the $3,280 level. The first major support is near the $3,200 or 50% Fib retracement of the rise from the $2,912 swing low to the $3,473 high.

A clear move below the $3,200 support could push the price towards the $3,120 support. More losses may push the price towards the $3,050 support level in the near term. The next major support is $3,000.

technical indicators

Hourly MACD – ETH/USD MACD is gaining momentum in the bullish zone.

RSI per hour – The RSI for ETH/USD is now above the 50 zone.

Key Support Level – $3,280

Key Resistance Level – $3,400

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

The price is farther, and the investor of EDGE

June 5, 2025

Vechain is a crawling for the Renaissance upgrade among the veterinarian price pressure.

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

Defi, not MICA II at the front line

June 6, 2025

Improve video content with VEO 3: Comprehensive guide to effective prompt

June 6, 2025

Is the trump Fuel Fuel Dogecoin in ELON Musk less than $ 0.10?

June 6, 2025

The HBAR price aims for $ 0.40 when a big decision of the SEC comes.

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Start BTC, DOGE and ETH mining today!

June 6, 2025

AI increases artistry as an innovative creation at NVIDIA GTC Paris.

June 6, 2025

JPMORGAN accepts Bitcoin ETF with loan collateral: How investors can benefit

June 6, 2025

NVIDIA’s BLACKWELL Architecture MLPERF has set up new performance standards.

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Defi, not MICA II at the front line

June 6, 2025

Improve video content with VEO 3: Comprehensive guide to effective prompt

June 6, 2025

Is the trump Fuel Fuel Dogecoin in ELON Musk less than $ 0.10?

June 6, 2025
Most Popular

Crypto Political Campaign Donations for Congress

November 30, 2023

Benefits of Paying Independent Contractors in Cryptocurrency: Challenges and Solutions

May 20, 2024

Manta Network Strengthens Ecosystem with $vMANTA Staking Token

May 21, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.