{"id":2371,"date":"2024-06-03T01:48:34","date_gmt":"2024-06-03T01:48:34","guid":{"rendered":"https:\/\/cryptd.in\/ethereum-price-steadies-strong-support-hints-at-exciting-upside-potential\/"},"modified":"2024-06-03T01:48:34","modified_gmt":"2024-06-03T01:48:34","slug":"ethereum-price-steadies-strong-support-hints-at-exciting-upside-potential","status":"publish","type":"post","link":"https:\/\/cryptd.in\/et\/ethereum-price-steadies-strong-support-hints-at-exciting-upside-potential\/","title":{"rendered":"Ethereum Price Steadies: Strong Support Hints at Exciting Upside Potential"},"content":{"rendered":"<p><em>Ethereum price extended its decline and tested the $3,700 support. ETH is now consolidating and eyeing a fresh increase above $3,840.<\/em><\/p>\n<p>Ethereum extended its decline and tested the $3,700 zone.<br \/>\nThe price is trading near $3,800 and the 100-hourly Simple Moving Average.<br \/>\nThere is a key bullish trend line forming with support near $3,760 on the hourly chart of ETH\/USD (data feed via Kraken).<br \/>\nThe pair could start a fresh increase unless there is a close below the $3,700 support.<\/p>\n<h2>Ethereum Price Holds Support<\/h2>\n<p>Ethereum price struggled to start a fresh increase and declined below the $3,750 support zone, like <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-slips-67k\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a>. ETH even traded below the $3,720 support zone. However, the bulls were active near the $3,700 support zone.<\/p>\n<p>A low was formed at $3,702 and the price recently started a <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-battle-3800\/\" target=\"_blank\" rel=\"noopener\">recovery wave<\/a>. There was a move above the $3,750 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $3,957 swing high to the $3,702 low.<\/p>\n<p>Ethereum price is now trading near $3,800 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $3,760 on the hourly chart of ETH\/USD.<\/p>\n<p>If there is a fresh increase, ETH might face resistance near the $3,830 level. The first major resistance is near the $3,880 level or the 76.4% Fib retracement level of the downward move from the $3,957 swing high to the $3,702 low.<\/p>\n<p>An upside break above the $3,880 resistance might send the price higher. The next key resistance sits at $3,950, above which the price might gain traction and rise toward the $4,000 level.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/06\/Ethereum.png?resize=1024%2C449\"><\/a><\/p>\n<p>If the bulls push Ether above the $4,000 level, the price might rise and test the $4,080 resistance. Any more gains could send Ether toward the $4,220 resistance zone.<\/p>\n<h2>Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,830 resistance, it could start another decline. Initial support on the downside is near the $3,750 level and the trend line.<\/p>\n<p>The next major support is near the $3,720 zone. A clear move below the $3,720 support might push the price toward $3,660. Any more losses might send the price toward the $3,550 level in the near term.<\/p>\n<p>Tehnilised n\u00e4itajad<\/p>\n<p>Tundiline MACD<strong> - <\/strong>The MACD for ETH\/USD is losing momentum in the bearish zone.<\/p>\n<p>Tundide RSI<strong> - <\/strong>The RSI for ETH\/USD is now above the 50 zone.<\/p>\n<p>Major Support Level \u2013 $3,720<\/p>\n<p>Major Resistance Level \u2013 $3,880<\/p>","protected":false},"excerpt":{"rendered":"<p>Ethereum price extended its decline and tested the $3,700 support. ETH is now consolidating and eyeing a fresh increase above $3,840. Ethereum extended its decline and tested the $3,700 zone. The price is trading near $3,800 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $3,760 on [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2371","post","type-post","status-publish","format-standard","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ethereum Price Steadies: Strong Support Hints at Exciting Upside Potential - cryptd.in<\/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:\/\/cryptd.in\/et\/ethereum-price-steadies-strong-support-hints-at-exciting-upside-potential\/\" \/>\n<meta property=\"og:locale\" content=\"et_EE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Price Steadies: Strong Support Hints at Exciting Upside Potential - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Ethereum price extended its decline and tested the $3,700 support. ETH is now consolidating and eyeing a fresh increase above $3,840. Ethereum extended its decline and tested the $3,700 zone. The price is trading near $3,800 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $3,760 on [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptd.in\/et\/ethereum-price-steadies-strong-support-hints-at-exciting-upside-potential\/\" \/>\n<meta property=\"og:site_name\" content=\"cryptd.in\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-03T01:48:34+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutit\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-price-steadies-strong-support-hints-at-exciting-upside-potential\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-price-steadies-strong-support-hints-at-exciting-upside-potential\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Ethereum Price Steadies: Strong Support Hints at Exciting Upside Potential\",\"datePublished\":\"2024-06-03T01:48:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-price-steadies-strong-support-hints-at-exciting-upside-potential\\\/\"},\"wordCount\":379,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"articleSection\":[\"Feeds\"],\"inLanguage\":\"et\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/ethereum-price-steadies-strong-support-hints-at-exciting-upside-potential\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-price-steadies-strong-support-hints-at-exciting-upside-potential\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/ethereum-price-steadies-strong-support-hints-at-exciting-upside-potential\\\/\",\"name\":\"Ethereum Price Steadies: Strong Support Hints at Exciting Upside Potential - cryptd.in\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#website\"},\"datePublished\":\"2024-06-03T01:48:34+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-price-steadies-strong-support-hints-at-exciting-upside-potential\\\/#breadcrumb\"},\"inLanguage\":\"et\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/ethereum-price-steadies-strong-support-hints-at-exciting-upside-potential\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/ethereum-price-steadies-strong-support-hints-at-exciting-upside-potential\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptd.in\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ethereum Price Steadies: Strong Support Hints at Exciting Upside Potential\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#website\",\"url\":\"https:\\\/\\\/cryptd.in\\\/\",\"name\":\"cryptd.in\",\"description\":\"Alternative LinkedIn for Crypto-friendly Talents\",\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptd.in\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"et\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\",\"name\":\"cryptd.in\",\"url\":\"https:\\\/\\\/cryptd.in\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"et\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/cryptdin_logo.jpg\",\"contentUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/cryptdin_logo.jpg\",\"width\":900,\"height\":900,\"caption\":\"cryptd.in\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ethereum Price Steadies: Strong Support Hints at Exciting Upside Potential - cryptd.in","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptd.in\/et\/ethereum-price-steadies-strong-support-hints-at-exciting-upside-potential\/","og_locale":"et_EE","og_type":"article","og_title":"Ethereum Price Steadies: Strong Support Hints at Exciting Upside Potential - cryptd.in","og_description":"Ethereum price extended its decline and tested the $3,700 support. ETH is now consolidating and eyeing a fresh increase above $3,840. Ethereum extended its decline and tested the $3,700 zone. The price is trading near $3,800 and the 100-hourly Simple Moving Average. 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