{"id":11105,"date":"2026-04-16T04:11:06","date_gmt":"2026-04-16T04:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-price-gears-up-another-increase-could-be-imminent\/"},"modified":"2026-04-16T04:11:06","modified_gmt":"2026-04-16T04:11:06","slug":"ethereum-price-gears-up-another-increase-could-be-imminent","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-price-gears-up-another-increase-could-be-imminent\/","title":{"rendered":"Ethereum Price Gears Up, Another Increase Could Be Imminent"},"content":{"rendered":"<p><em>Ethereum price started a fresh increase and remained stable above $2,320. ETH is now consolidating and might aim for more gains if it clears $2,380.<\/em><\/p>\n<ul>\n<li>Ethereum started a steady increase above the $2,300 zone.<\/li>\n<li>The price is trading above $2,320 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a contracting triangle forming with resistance at $2,380 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could continue to move up if it stays above the $2,400 zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Aims Fresh Increase<\/h2>\n<p>Ethereum price managed to stay above the $2,220 support and started a fresh increase, like Bitcoin. ETH price gained pace for a move above $2,250 and $2,300.<\/p>\n<p>The last swing high was formed at $2,417 before there was a downside correction. The price dipped below the $2,350 level. There was a move below the 38.2% Fib retracement level of the upward move from the $2,180 swing low to the $2,417 high.<\/p>\n<p>Ethereum price is now trading above $2,320 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,300, the price could attempt another increase.<\/p>\n<p>Immediate resistance is seen near the $2,365 level. The first key resistance is near the $2,380 level. There is also a contracting triangle forming with resistance at $2,380 on the hourly chart of ETH\/USD.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-892001\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/04\/Ethereum_47139e.png?resize=1024%2C512\" alt=\"Ethereum Price \" width=\"1024\" height=\"512\" loading=\"lazy\" \/><\/p>\n<p>The next major resistance is near the $2,400 level. A clear move above the $2,400 resistance might send the price toward the $2,440 resistance. An upside break above the $2,440 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,500 resistance zone or even $2,550 in the near term.<\/p>\n<h2>Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,380 resistance, it could start a downside correction. Initial support on the downside is near the $2,330 level. The first major support sits near the $2,295 zone or the 50% Fib retracement level of the upward move from the $2,180 swing low to the $2,417 high.<\/p>\n<p>A clear move below the $2,295 support might push the price toward the $2,265 support. Any more losses might send the price toward the $2,230 region. The main support could be $2,200.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now above the 50 zone.<\/p>\n<p>Major Support Level \u2013 $2,295<\/p>\n<p>Major Resistance Level \u2013 $2,380<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a fresh increase and remained stable above $2,320. ETH is now consolidating and might aim for more gains if it clears $2,380. Ethereum started a steady increase above the $2,300 zone. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There is a contracting triangle forming with resistance at&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11106,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-11105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/11105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=11105"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/11105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/11106"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=11105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=11105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=11105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}