🚀 Ethereum Reclaims $3,000 — Are Bulls Ready to Take Over?

Above $2,550, Ethereum price rose again. ETH is stabilizing and seeking advances over $2,740.

Ethereum rose beyond $2,700 again.
The price is over $2,600 and the 100-hour SMA.
The hourly ETH/USD chart shows a bullish trend line with support at $2,540.

If it breaks $2,740, the pair may climb again.

Ethereum Price Maintains

Like Bitcoin, Ethereum price rose after finding support at $2,400. ETH price broke $2,500 and $2,550 barrier.

Bullish traders broke $2,650. ETH exceeded $2,700. With a high of $2,731, the price is consolidating gains above the 23.6% Fib retracement line of the upward advance from $2,482 swing low to $2,731.

Ethereum is over $2,600 and the 100-hour SMA. The hourly ETH/USD chart shows a bullish trend line with support at $2,540.

Price may find resistance at $2,720 on the upside. Near $2,740 is the next major resistance. Near $2,750 is the first significant obstacle. A clean break over $2,750 might push the price above $2,840.

Above $2,840 barrier might lead to greater advances in the following sessions. Ether may grow to $2,880 or $2,920 in the short future.

Does ETH Support Dips?
Ethereum may fall again if it fails to break $2,740. Around $2,640 is first downward support. The $2,580 zone and 61.8% Fib retracement level of the upward run from the $2,482 swing low to the $2,731 high are the first key supports.

A decisive break below $2,580 might bring the market below $2,540. If losses continue, the price may reach $2,450 support. The next support is $2,350.

Tech Indicators

Hourly ETH/USD MACD is rising in the positive zone.

Hourly ETH/USD RSI is over 50.

Major Support: $2,640

Major Resistance: $2,740

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