Ethereum Price Could Regain Strength If It Clears This Key Hurdle

Mar 25, 2024 06:00 am Cryptocurrency 51

Ethereum price is attempting a fresh increase wave above the $3,400 zone. ETH must clear the $3,580 resistance to continue higher in the near term.

Ethereum is holding gains above the $3,250 support zone.

The price is trading above $3,400 and the 100-hourly Simple Moving Average.

There was a break above a key bearish trend line with resistance at $3,400 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could continue to rise if it settles above the $3,500 resistance zone.

Ethereum Price Eyes Fresh Increase

Ethereum price remained stable above the $3,250 support zone. ETH formed a base and started a fresh increase above the $3,350 resistance level, like Bitcoin.

ETH climbed above the $3,400 resistance zone. There was a move above the 50% Fib retracement level of the downward move from the $3,587 swing high to ..

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