{"id":3002,"date":"2025-02-18T05:11:06","date_gmt":"2025-02-18T05:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-price-defies-the-trend-beating-bitcoin-in-recent-gains\/"},"modified":"2025-02-18T05:11:06","modified_gmt":"2025-02-18T05:11:06","slug":"ethereum-price-defies-the-trend-beating-bitcoin-in-recent-gains","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-price-defies-the-trend-beating-bitcoin-in-recent-gains\/","title":{"rendered":"Ethereum Price Defies The Trend\u2014Beating Bitcoin in Recent Gains"},"content":{"rendered":"<p><em>Ethereum price is showing positive signs above the $2,650 zone. ETH is outshining Bitcoin and might start another increase in the near term.<\/em><\/p>\n<ul>\n<li>Ethereum is holding gains and aiming for more gains.<\/li>\n<li>The price is trading above $2,650 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a connecting bullish trend line forming with support at $2,700 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could start a decent upward move if it settles above $2,750 and $2,780.<\/li>\n<\/ul>\n<h2>Ethereum Price Regains Traction<\/h2>\n<p>Ethereum price attempted a fresh increase above the $2,700 level, beating Bitcoin. ETH broke the $2,750 resistance but it failed to clear the $2,850 resistance zone.<\/p>\n<p>A high was formed at $2,847 and the price started a fresh decline. There was a move below the $2,750 and $2,720 support levels. A low was formed at $2,689 and the price is now consolidating gains. There was a move above the 23.6% Fib retracement level of the recent decline from the $2,847 swing high to the $2,689 low.<\/p>\n<p>Ethereum price is now trading above $2,700 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2,700 on the hourly chart of ETH\/USD.<\/p>\n<p>On the upside, the price seems to be facing hurdles near the $2,750 level. The first major resistance is near the $2,765 level or the 50% Fib retracement level of the recent decline from the $2,847 swing high to the $2,689 low. The main resistance is now forming near $2,800 or $2,820.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-698386\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/Ethereum_a089fe.png?resize=1024%2C478\" alt=\"Ethereum Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>A clear move above the $2,820 resistance might send the price toward the $2,850 resistance. An upside break above the $2,850 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,000 resistance zone or even $3,050 in the near term.<\/p>\n<h2>Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,750 resistance, it could start another decline. Initial support on the downside is near the $2,700 level. The first major support sits near the $2,680 zone.<\/p>\n<p>A clear move below the $2,680 support might push the price toward the $2,620 support. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,500.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bearish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n<p>Major Support Level \u2013 $2,700<\/p>\n<p>Major Resistance Level \u2013 $2,750<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is showing positive signs above the $2,650 zone. ETH is outshining Bitcoin and might start another increase in the near term. Ethereum is holding gains and aiming for more gains. The price is trading above $2,650 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-3002","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\/3002","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=3002"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3003"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}