Ethereum Price Strengthens Base: A Springboard for More Gains?

Nov 29, 2024 04:00 am Cryptocurrency 24

Ethereum price is holding gains above the $3,500 zone. ETH is consolidating and might soon aim for a move above the $3,600 resistance zone.

Ethereum started a downside correction from the $3,685 zone.

The price is trading above $3,520 and the 100-hourly Simple Moving Average.

There is a connecting bearish trend line forming with resistance at $3,600 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could restart its increase if it clears the $3,600 zone.

Ethereum Price Eyes Fresh Surge

Ethereum price remained supported above $3,250 and started a fresh increase beating Bitcoin. ETH was able to surpass the $3,500 and $3,550 resistance levels.

The bulls pumped the price above the $3,650 level. A high was formed at $3,688 and the price recently corrected some gains. There was a minor decline below the $3,650 and $3,620 levels. The price ..

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