{"id":3039,"date":"2025-02-20T05:11:06","date_gmt":"2025-02-20T05:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-price-builds-strength-will-it-finally-break-higher\/"},"modified":"2025-02-20T05:11:06","modified_gmt":"2025-02-20T05:11:06","slug":"ethereum-price-builds-strength-will-it-finally-break-higher","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-price-builds-strength-will-it-finally-break-higher\/","title":{"rendered":"Ethereum Price Builds Strength\u2014Will It Finally Break Higher?"},"content":{"rendered":"<p><em>Ethereum price is showing positive signs above the $2,650 zone. ETH is rising like Bitcoin and might start another increase in the near term.<\/em><\/p>\n<ul>\n<li>Ethereum is still showing positive signs above the $2,620 zone.<\/li>\n<li>The price is trading above $2,680 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a key contracting triangle with resistance 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 $2,725 and $2,755.<\/li>\n<\/ul>\n<h2>Ethereum Price Eyes Upside Break<\/h2>\n<p>Ethereum price remained supported above the $2,500 level and recently started a decent upward move, like Bitcoin. ETH broke the $2,620 resistance to move into a short-term bullish zone.<\/p>\n<p>There was a break above a key contracting triangle with resistance at $2,700 on the hourly chart of ETH\/USD. The price was able to surpass the $2,720 level and tested the 50% Fib retracement level of the downward move from the $2,845 swing high to the $2,605 low.<\/p>\n<p>Ethereum price is now trading above $2,680 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,725 level.<\/p>\n<p>The first major resistance is near the $2,755 level or the 61.8% Fib retracement level of the downward move from the $2,845 swing high to the $2,605 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-699910\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/Ethereum_413b75.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 $2,880 resistance. An upside break above the $2,880 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,920 resistance zone or even $3,000 in the near term.<\/p>\n<h2>Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,755 resistance, it could start another decline. Initial support on the downside is near the $2,700 level. The first major support sits near the $2,660 zone.<\/p>\n<p>A clear move below the $2,660 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 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 $2,660<\/p>\n<p>Major Resistance Level \u2013 $2,755<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price is showing positive signs above the $2,650 zone. ETH is rising like Bitcoin and might start another increase in the near term. Ethereum is still showing positive signs above the $2,620 zone. The price is trading above $2,680 and the 100-hourly Simple Moving Average. There was a break above a key contracting triangle&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-3039","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\/3039","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=3039"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3040"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}