{"id":11450,"date":"2026-05-04T04:11:05","date_gmt":"2026-05-04T04:11:05","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-price-tracks-bitcoin-rally-targets-crucial-break-higher\/"},"modified":"2026-05-04T04:11:05","modified_gmt":"2026-05-04T04:11:05","slug":"ethereum-price-tracks-bitcoin-rally-targets-crucial-break-higher","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-price-tracks-bitcoin-rally-targets-crucial-break-higher\/","title":{"rendered":"Ethereum Price Tracks Bitcoin Rally, Targets Crucial Break Higher"},"content":{"rendered":"<p><em>Ethereum price started a fresh increase and remained stable above $2,350. ETH is now consolidating and might aim for more gains if it clears $2,400.<\/em><\/p>\n<ul>\n<li>Ethereum started a steady increase above the $2,350 zone.<\/li>\n<li>The price is trading above $2,365 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a bullish trend line forming with support at $2,340 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 $2,320 zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Aims for Fresh Gains<\/h2>\n<p>Ethereum price managed to stay above the $2,300 support and started a fresh increase, like Bitcoin. ETH price gained pace for a move above $2,320 and $2,350.<\/p>\n<p>The price even climbed toward $2,365. A high was formed at $2,387, and the price is now consolidating gains. It is holding gains above the 23.6% Fib retracement level of the upward move from the $2,220 swing low to the $2,387 high.<\/p>\n<p>Ethereum price is now trading above $2,350 and the 100-hourly Simple Moving Average. There is also a bullish trend line forming with support at $2,340 on the hourly chart of ETH\/USD,<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-894421\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/05\/Ethereum_7339b4.png?resize=1024%2C472\" alt=\"Ethereum Price\" width=\"1024\" height=\"472\" loading=\"lazy\" \/><\/p>\n<p>If the bulls remain in action above $2,350, the price could attempt another increase. Immediate resistance is seen near the $2,385 level. The first key resistance is near the $2,400 level. The next major resistance is near the $2,420 level. A clear move above the $2,420 resistance might send the price toward the $2,500 resistance. An upside break above the $2,500 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,550 resistance zone or even $2,565 in the near term.<\/p>\n<h2>Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,400 resistance, it could start a downside correction. Initial support on the downside is near the $2,350 level. The first major support sits near the $2,340 zone and the trend line.<\/p>\n<p>A clear move below the $2,340 support might push the price toward the $2,300 support or the 50% Fib retracement level of the upward move from the $2,220 swing low to the $2,387 high. Any more losses might send the price toward the $2,260 region. The main support could be $2,220.<\/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 $2,340<\/p>\n<p>Major Resistance Level \u2013 $2,400<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a fresh increase and remained stable above $2,350. ETH is now consolidating and might aim for more gains if it clears $2,400. Ethereum started a steady increase above the $2,350 zone. The price is trading above $2,365 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11451,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-11450","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\/11450","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=11450"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/11450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/11451"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=11450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=11450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=11450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}