{"id":3685,"date":"2025-03-26T05:11:08","date_gmt":"2025-03-26T05:11:08","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-price-in-accumulation-mode-key-support-holding-firm\/"},"modified":"2025-03-26T05:11:08","modified_gmt":"2025-03-26T05:11:08","slug":"ethereum-price-in-accumulation-mode-key-support-holding-firm","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-price-in-accumulation-mode-key-support-holding-firm\/","title":{"rendered":"Ethereum Price In Accumulation Mode\u2014Key Support Holding Firm"},"content":{"rendered":"<p><em>Ethereum price started a recovery wave above the $2,020 zone. ETH is now consolidating and facing hurdles near the $2,080 resistance.<\/em><\/p>\n<ul>\n<li>Ethereum started a recovery wave above the $2,020 level.<\/li>\n<li>The price is trading above $2,025 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a connecting bullish trend line forming with support at $2,010 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair must clear the $2,075 and $2,100 resistance levels to start a decent increase.<\/li>\n<\/ul>\n<h2>Ethereum Price Consolidates Below Resistance<\/h2>\n<p>Ethereum price formed a base above the $1,880 level and started a recovery wave, like Bitcoin. ETH was able to clear the $1,950 and $1,980 resistance levels.<\/p>\n<p>The bulls pushed the price above the $2,000 level. Finally, the price tested the $2,100 zone. A high was formed at $2,104 and the price started a downside correction. There was a move below the $2,050 level. The price dipped below the 23.6% Fib retracement level of the upward wave from the $1,981 swing low to the $2,104 high.<\/p>\n<p>Ethereum price is now trading above $2,010 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2,010 on the hourly chart of ETH\/USD.<\/p>\n<p>On the upside, the price seems to be facing hurdles near the $2,075 level. The next key resistance is near the $2,100 level. The first major resistance is near the $2,150 level. A clear move above the $2,150 resistance might send the price toward the $2,200 resistance.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-718425\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/Ethereum_6e95a0.png?resize=1024%2C449\" alt=\"Ethereum Price\" width=\"1024\" height=\"449\" \/><\/p>\n<p>An upside break above the $2,200 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,320 in the near term.<\/p>\n<h2>Downside Break In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,100 resistance, it could start another decline. Initial support on the downside is near the $2,045 level. The first major support sits near the $2,020 zone and the 61.8% Fib retracement level of the upward wave from the $1,981 swing low to the $2,104 high.<\/p>\n<p>A clear move below the $2,020 support might push the price toward the $2,010 support and the trend line. Any more losses might send the price toward the $1,965 support level in the near term. The next key support sits at $1,920.<\/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 below the 50 zone.<\/p>\n<p>Major Support Level \u2013 $2,010<\/p>\n<p>Major Resistance Level \u2013 $2,100<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a recovery wave above the $2,020 zone. ETH is now consolidating and facing hurdles near the $2,080 resistance. Ethereum started a recovery wave above the $2,020 level. The price is trading above $2,025 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,010 on&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3686,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[72,148,102,104,105],"class_list":["post-3685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-cryptocurrency-market-news","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3685","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=3685"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3686"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}