• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

What is Proof-of-Authority (POA) Consensus in Blockchain?

2025-05-10

What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

2025-05-09

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What is Proof-of-Authority (POA) Consensus in Blockchain?

    2025-05-10

    What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

    2025-05-09

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    2025-05-03

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    2025-05-02

    What Is a Layer-0 Blockchain Protocol?

    2025-05-02
  • Market Cap
  • Shop
Crypto Semantic
Home»Analysis»Ethereum Price Rallies 5%, Why ETH Bulls Could Aim For $3K This Month
Analysis

Ethereum Price Rallies 5%, Why ETH Bulls Could Aim For $3K This Month

2024-02-13No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum worth is up over 5% and there was a push towards $2,700. ETH is consolidating features and may intention for a transfer towards $2,800 or $3,000.

  • Ethereum is consolidating features beneath the $2,700 resistance zone.
  • The value is buying and selling above $2,600 and the 100-hourly Easy Shifting Common.
  • There was a break above a bullish flag sample with resistance at $2,500 on the hourly chart of ETH/USD (knowledge feed by way of Kraken).
  • The pair might begin a recent enhance if it stays above the $2,630 help zone.

Ethereum Worth Begins Recent Surge

Ethereum worth remained steady above the $2,420 resistance. ETH fashioned a base and began a recent enhance above the $2,500 resistance, outperforming Bitcoin.

There was a break above a bullish flag sample with resistance at $2,500 on the hourly chart of ETH/USD. The pair gained over 5% and there was a transparent transfer above the $2,600 resistance. It even moved towards the $2,700 degree. A excessive was fashioned close to $2,681 and the worth is now consolidating features.

There was a minor decline beneath the $2,660 degree. Ethereum continues to be buying and selling above the 23.6% Fib retracement degree of the latest rally from the $2,472 swing low to the $2,681 excessive. It’s also buying and selling above $2,620 and the 100-hourly Easy Shifting Common.

If there’s a recent enhance, the worth might surge above the $2,660 degree. On the upside, the primary main resistance is close to the $2,680 degree. The subsequent main resistance is close to $2,720, above which the worth may rise and check the $2,800 resistance.

See also  Bitcoin [BTC] bulls undeterred by macro mayhem, new report shows

Ethereum Price

Supply: ETHUSD on TradingView.com

If the bulls stay in motion, they might even push the worth above the $2,800 resistance. Within the said case, the worth might rise towards the $3,000 degree.

Are Dips Restricted In ETH?

If Ethereum fails to clear the $2,680 resistance, it might begin a draw back correction. Preliminary help on the draw back is close to the $2,630 degree.

The subsequent key help might be the $2,600 zone. A transparent transfer beneath the $2,600 help may ship the worth towards $2,575 or the 50% Fib retracement degree of the latest rally from the $2,472 swing low to the $2,681 excessive. The principle help might be $2,520 or the 100 hourly SMA. Any extra losses may ship the worth towards the $2,400 degree.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is dropping momentum within the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 degree.

Main Assist Degree – $2,630

Main Resistance Degree – $2,680

Disclaimer: The article is offered for instructional functions solely. It doesn’t symbolize the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You might be suggested to conduct your personal analysis earlier than making any funding choices. Use info offered on this web site completely at your personal threat.

Source link

Aim Bulls ETH Ethereum month Price Rallies
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum vs Bitcoin: Difference Between this Cryptocurrencies

2025-02-07

Uniswap (UNI) Price Prediction 2025 2026 2027

2025-01-08

BOOK OF MEME (BOME) Price Prediction 2024 2025 2026 2027

2025-01-05

Aevo (AEVO) Price Prediction 2024 2025 2026 2027

2025-01-04
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Analysis

Trader Who Accurately Nailed Bitcoin’s 2022 Bottom Says He Will Re-Enter Market When BTC Hits This Level

2023-06-16

A high crypto analyst is unveiling when he may resume Bitcoin (BTC) buying and selling…

Analysis

XRP Price Correction Is Over, Targets Set By Top Crypto Analysts

2023-11-20

The XRP value has risen by round 6% up to now three days, triggering renewed…

DeFi

The dYdX Foundation sees lightning progress and community engagement

2024-07-11

The dYdX Basis (DYDX), a decentralized finance (DeFi) protocol, has launched its 2024 Semi-Annual Ecosystem…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Coinbase-Backed Insurance Alternative OpenCover Debuts on Layer 2 Blockchain Base

2023-09-07

DJ Steve Aoki Faces Massive Losses As Blue-Chip NFTs Plummet in Value

2023-07-23

Curve Finance faces uncertain future as hack spreads FUD

2023-08-01

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$103,523.000.47%
  • ethereumEthereum(ETH)$2,388.291.65%
  • tetherTether(USDT)$1.000.03%
  • rippleXRP(XRP)$2.38-0.42%
  • binancecoinBNB(BNB)$655.742.75%
  • solanaSolana(SOL)$169.72-1.99%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 103,618.76
ethereum
Ethereum (ETH) $ 2,398.09
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.39
bnb
BNB (BNB) $ 656.50
solana
Solana (SOL) $ 170.24
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.226691
cardano
Cardano (ADA) $ 0.799085
tron
TRON (TRX) $ 0.261041