Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»EXCHANGE NEWS»Ethereum price signals a continuation of its upward trend, but can the bulls erase it?
EXCHANGE NEWS

Ethereum price signals a continuation of its upward trend, but can the bulls erase it?

By Crypto FlexsMarch 30, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum price signals a continuation of its upward trend, but can the bulls erase it?
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum price is attempting to recover beyond the $3,500 area. For ETH to continue rising in the near term, the resistance at $3,580 needs to be cleared.

  • Ethereum began a significant recovery above the $3,350 area.
  • The price is trading above $3,450 and the 100-hour simple moving average.
  • On the hourly chart of ETH/USD (data feed via Kraken), a breakout occurred above a short-term bullish flag pattern with resistance at $3,480.
  • If it settles above the $3,580 resistance zone, it could continue to rise.

Ethereum price maintains support

Ethereum price, like Bitcoin, began a significant uptrend above the $3,250 and $3,350 resistance levels. ETH crossed the $3,500 resistance and moved into positive territory.

A high was reached at $3,587 and there was a slight decline. The price dipped below the $3,500 level and surged below the 23.6% Fib retracement level of the recovery wave from the $3,059 swing low to the $3,587 high. However, bulls are active near $3,400.

Recently, on the hourly chart of ETH/USD, there was a break above a short-term bullish flag pattern with resistance at $3,480. Ethereum price is currently trading above $3,500 and the 100-hour simple moving average.

Source: ETHUSD on TradingView.com

On the other hand, immediate resistance is close to the $3,550 level. The first major resistance is near the $3,580 level. The next major resistance level is $3,670, above which the price could gain upward momentum. If specified, Ethereum could rise to the $3,800 level. If there is a move above the $3,800 resistance level, Ethereum may head towards the $4,000 resistance level. A test of $4,080 may be needed for further gains.

Another decline in ETH?

If Ethereum fails to clear the $3,580 resistance, another decline could begin. Initial support for the downside is near the $3,410 level.

The first major support is near the $3,320 zone or the 50% Fib retracement level of the recovery wave from the $3,059 swing low to the $3,587 high. The next major support could be the $3,200 zone. A clear move below the $3,200 support could lead the price towards $3,060. Any more losses could push the price down to the $3,000 level.

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 level.

Key Support Level – $3,400

Key Resistance Level – $3,580

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Dogecoin (DOGE) after collision

June 23, 2025

Litecoin Key Support in Focus Price Eye Brake Out Determination

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 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

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025
Most Popular

US Spot Bitcoin ETF Reports Net Inflows of $130M, Largest in 3 Weeks

July 2, 2024

Bitcoin Miner hut 8 can be obtained with an overbuca, Clear Street says.

April 2, 2025

Polkadot (DOT) New Vision: JAM Session Revealed by Gavin Wood

May 11, 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.