{"id":2487,"date":"2025-01-22T05:11:07","date_gmt":"2025-01-22T05:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-price-poised-for-lift-off-will-an-upside-break-spark-a-surge\/"},"modified":"2025-01-22T05:11:07","modified_gmt":"2025-01-22T05:11:07","slug":"ethereum-price-poised-for-lift-off-will-an-upside-break-spark-a-surge","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-price-poised-for-lift-off-will-an-upside-break-spark-a-surge\/","title":{"rendered":"Ethereum Price Poised for Lift-Off: Will an Upside Break Spark a Surge?"},"content":{"rendered":"<p><em>Ethereum price is struggling below the $3,500 resistance while Bitcoin gains. ETH is consolidating above $3,150 and might aim for an upside break.<\/em><\/p>\n<ul>\n<li>Ethereum failed to gain pace for a close above $3,400 and $3,450.<\/li>\n<li>The price is trading above $3,300 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key contracting triangle forming with resistance at $3,355 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could start another increase if it clears the $3,400 resistance level.<\/li>\n<\/ul>\n<h2>Ethereum Price Aims Key Upside Break<\/h2>\n<p>Ethereum price started a decent upward move from the $3,200 level but upsides were limited compared to Bitcoin. ETH cleared the $3,250 resistance to move into a short-term bullish zone.<\/p>\n<p>The bulls were able to push the price above the $3,300 resistance zone. Besides, there was a clear move above the 50% Fib retracement level of the downward move from the $3,445 swing high to the $3,203 low. However, the bears are still active below $3,400.<\/p>\n<p>Ethereum price is now trading above $3,300 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,350 level or the 61.8% Fib retracement level of the downward move from the $3,445 swing high to the $3,203 low.<\/p>\n<p>There is also a key contracting triangle forming with resistance at $3,355 on the hourly chart of ETH\/USD. The first major resistance is near the $3,400 level. The main resistance is now forming near $3,445.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-680267\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/01\/Ethereum_07c757.png?resize=1024%2C478\" alt=\"Ethereum Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>A clear move above the $3,445 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,720 in the near term.<\/p>\n<h2>Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,400 resistance, it could start another decline. Initial support on the downside is near the $3,300 level. The first major support sits near the $3,250.<\/p>\n<p>A clear move below the $3,250 support might push the price toward the $3,200 support. Any more losses might send the price toward the $3,120 support level in the near term. The next key support sits at $3,050.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing 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 $3,200<\/p>\n<p>Major Resistance Level \u2013 $3,400<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is struggling below the $3,500 resistance while Bitcoin gains. ETH is consolidating above $3,150 and might aim for an upside break. Ethereum failed to gain pace for a close above $3,400 and $3,450. The price is trading above $3,300 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-2487","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\/2487","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=2487"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/2487\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/2488"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=2487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=2487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=2487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}