Ethereum Price Momentum Reignites: RSI Signals Potential Surge To $3K

Feb 19, 2024 04:00 am Cryptocurrency 105

Ethereum price is gaining pace above the $2,800 support. ETH eyes more gains and might surge toward the $3,000 resistance zone.

Ethereum is consolidating gains above the $2,820 support zone.

The price is trading above $2,850 and the 100-hourly Simple Moving Average.

There is a connecting bullish trend line forming with support at $2,850 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could continue to move up toward the $3,000 resistance zone.

Ethereum Price Eyes Upside Break

Ethereum price remained stable and slowly moved higher above the $2,800 pivot level. ETH even outperformed Bitcoin and climbed to a new weekly high above the $2,850 level.

A new multi-week high is formed near $2,894 and the price is now consolidating gains. Ether is stable above the 23.6% Fib retracement level of the recent move from the $2,722 swing ..

Support the originator by clicking the read the rest link below.