2 days ago
Ethereum price started a fresh increase above $2,92 0. ETH is now attempting to clear the $3,050 resistance and might accelerate higher. Ethereum started a fresh increase above the $2,920 and $2,950 levels. The price is trading above $2,950 and the 100-hourly Simple Moving Average. There was a break above a short-term bearish trend line with resistance at $2,825 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above the $3,050 zone. Ethereum Price Eyes Upside Break Ethereum price managed to stay above $2,720 and started a fresh increase, like Bitcoin . ETH price gained strength for a move above the $2,850 and $2,880 resistance levels. There was a break above a short-term bearish trend line with resistance at $2,825 on the hourly chart of ETH/USD. The bulls even pumped the price above $2,950. However, the price is now testing a key barrier at $3,050. A high was formed at $3,047 and the price is now consolidating above the 23.6% Fib retracement level of the recent move from the $2,718 swing low to the $3,047 low. Ethereum price is now trading above $2,950 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $3,050 level. The next key resistance is near the $3,080 level. The first major resistance is near the $3,120 level. A clear move above the $3,120 resistance might send the price toward the $3,200 resistance. An upside break above the $3,200 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,350 resistance zone or even $3,380 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,050 resistance, it could start a fresh decline. Initial support on the downside is near the $2,970 level. The first major support sits near the $2,880 zone or the 50% Fib retracement level of the recent move from the $2,718 swing low to the $3,047 low. A clear move below the $2,840 support might push the price toward the $2,800 support. Any more losses might send the price toward the $2,750 region in the near term. The next key support sits at $2,720 and $2,710. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,970 Major Resistance Level – $3,050
NewsBTC
You can visit the page to read the article.
Source: NewsBTC
Tags :
ETH ethbtc ethereum ethusd ETHUSDT
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
New `Postal` Game Canceled One Day After Reveal, Following Generative AI Allegations
Postal: Bullet Paradise has been scrapped and the developer is shutting down after gamers claimed the trailer used generative AI assets. NewsBTC
XRP Technical Update: Price Is Stuck. Here’s Key Resistance
Arthur (@XrpArthur) has shared an intriguing chart about XRP’s current market position. The asset continues to trade in a tight range as it approaches a major level on its daily chart. The market shows steady interest but also visible hesitation each time the price approaches the upper boundary. This creates an important moment for holders who want to see a shift in momentum before the next phase of movement . The chart highlights this tension and shows how the market reacts each time XRP returns to the same area. $XRP Technical Update We’re stuck under the $2.30 resistance, the yellow box is the battleground To flip momentum back in favor of the bulls, we need a daily close above $2.30 For now, bears are defending this zone hard, rejecting every attempt to break through pic.twitter.com/KzVCOsXdfQ — Arthur (@XrpArthur) December 3, 2025 The $2.3 Barrier Shapes Market Behavior Arthur analyzed the situation, revealing that XRP is stuck under the $2.3 resistance level. His chart shows a wide cluster of candles rejecting the same zone. The yellow box marks the region that acts as the current battleground for control. This zone continues to test buyers repeatedly. The reactions display the effort sellers invest to keep XRP below the line . The daily chart presents a sequence of failed attempts beyond the resistance. Each attempt met rejection near $2.30. The volume profile on the right side of the chart shows large activity between $2.1 and $2.3. This confirms that many trades occur in this range. It also signals that buyers stock positions, but they have not forced a breakout. Arthur explained what must happen for momentum to change. He said bulls need “a daily close above $2.3.” This sets a clear condition for holders. A close above this level would shift focus toward higher targets. Another analyst recently highlighted $2.7 as the next resistance , but the asset must first overcome $2.3. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 What the Current Structure Means for Holders The chart shows a series of higher lows forming underneath the resistance. This pattern signals that buyers continue to step in on each dip. The rejection wicks indicate strong activity from both sides. Holders now watch whether the price can sustain pressure long enough to break through the ceiling. Below the current price, $2.02 acts as key support. If XRP drops toward this area, buyers may hold it with confidence. A clean bounce from $2.02 would keep the structure intact. With whale activity rising rapidly in the current market, the asset might experience a notable resurgence from this rebound. The next stage depends on the daily close relative to $2.3. A confirmed close above this number would indicate the buyers finally winning inside the yellow box. That would give holders a clearer path toward higher resistance areas. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Technical Update: Price Is Stuck. Here’s Key Resistance appeared first on Times Tabloid . NewsBTC
