Ethereum Price At Make-or-Break Levels, Can ETH Surge To $3,200?

Feb 23, 2024 04:00 am Cryptocurrency 69

Ethereum price is struggling below the $3,030 resistance. ETH is consolidating and might start a downside correction below the $2,930 support.

Ethereum struggled to stay above the $3,000 level and corrected lower.

The price is trading above $2,930 and the 100-hourly Simple Moving Average.

There is a key bullish trend line forming with support at $2,930 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could start a fresh increase unless there is a clear move below $2,930.

Ethereum Price Hits Support

Ethereum price made another attempt to gain pace above the $3,000 resistance zone. However, the bears were active above the $3,000 resistance. A new multi-week high is formed near $3,036 and the price started a downside correction, like Bitcoin.

There was a move below the $3,000 and $2,980 levels. The price spiked below the 50% Fib ..

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