{"id":136580,"date":"2021-08-24T06:59:05","date_gmt":"2021-08-24T06:59:05","guid":{"rendered":"https:\/\/precoinnews.com\/?p=136580"},"modified":"2021-08-24T06:59:05","modified_gmt":"2021-08-24T06:59:05","slug":"ethereum-price-analysis-eth-could-surge-above-3400","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ethereum-price-analysis-eth-could-surge-above-3400\/","title":{"rendered":"Ethereum Price Analysis: ETH Could Surge Above $3,400"},"content":{"rendered":"

Ethereum price is showing positive signs above $3,200 against the US Dollar. ETH\/USD must stay above the $3,200 support to continue higher in the near term.<\/em><\/p>\n

Ethereum Price Analysis<\/h2>\n

In the past few days, ethereum started a steady increase above the $3,000 zone against the US Dollar. ETH price gained pace after it broke the $3,200 resistance zone.<\/p>\n

There was also a close above the $3,200 level and the 55 simple moving average (4-hours). The price accelerated higher above the $3,250 and $3,300 levels. It even spiked above the $3,350 level. A high is formed near $3,383, and the price is now consolidating gains.<\/p>\n

It corrected lower below the $3,300 level. It is now testing the 23.6% Fib retracement level of the upward move from the $2,964 swing low to $3,383 high.<\/p>\n

An immediate support is near the $3,280 level. The first key support is near the $3,260 level. There is also a major bullish trend line forming with support near $3,260 on the 4-hours chart. If there is a downside break below the trend line support, the price could test $3,200.<\/p>\n

The 50% Fib retracement level of the upward move from the $2,964 swing low to $3,383 high is near $3,200 to act as a strong support along with the 55 simple moving average (4-hours). Any more losses could lead the price below $3,120. The next major support is near $3,000.<\/p>\n

On the upside, an initial resistance is near the $3,350 zone. The first major resistance is near the $3,380 level, above which the price is likely to resume its rally in the near term. The next stop for the bulls could be near the $3,500 level.<\/p>\n

<\/p>\n

Ethereum Price<\/p>\n

Looking at the chart, Ethereum price is clearly trading above the $3,200 zone and the 55 simple moving average (4-hours). Overall, ether price could continue to rise as long as it is above $3,260 and $3,200.<\/p>\n

Technical indicators<\/h2>\n

4 hours MACD \u2013 The MACD for ETH\/USD is slowly losing momentum in the bullish zone.<\/p>\n

4 hours RSI (Relative Strength Index) \u2013 The RSI for ETH\/USD is still above the 50 level.<\/p>\n

Key Support Levels \u2013 $3,260, followed by the $3,200 zone.<\/p>\n

Key Resistance Levels \u2013 $3,350 and $3,380.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum price is showing positive signs above<\/p>\n","protected":false},"author":3,"featured_media":136579,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nEthereum Price Analysis: ETH Could Surge Above $3,400 - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/ethereum-price-analysis-eth-could-surge-above-3400\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Price Analysis: ETH Could Surge Above $3,400 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Ethereum price is showing positive signs above\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/ethereum-price-analysis-eth-could-surge-above-3400\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-24T06:59:05+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/08\/Ethereum-Price-Analysis-ETH-Could-Surge-Above-3400-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/ethereum-price-analysis-eth-could-surge-above-3400\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/ethereum-price-analysis-eth-could-surge-above-3400\/\",\"name\":\"Ethereum Price Analysis: ETH Could Surge Above $3,400 - 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