{"id":4925,"date":"2025-05-29T04:11:08","date_gmt":"2025-05-29T04:11:08","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-price-flexes-strength-outpaces-bitcoin-with-bullish-breakout\/"},"modified":"2025-05-29T04:11:08","modified_gmt":"2025-05-29T04:11:08","slug":"ethereum-price-flexes-strength-outpaces-bitcoin-with-bullish-breakout","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-price-flexes-strength-outpaces-bitcoin-with-bullish-breakout\/","title":{"rendered":"Ethereum Price Flexes Strength \u2014 Outpaces Bitcoin With Bullish Breakout"},"content":{"rendered":"<p><em>Ethereum price found support at $2,550 and started a fresh increase. ETH is now up over 5% and might attempt to clear the $2,800 resistance.<\/em><\/p>\n<ul>\n<li>Ethereum started a decent increase above the $2,550 and $2,720 levels.<\/li>\n<li>The price is trading near $2,720 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a new connecting bullish trend line forming with support at $2,610 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could extend gains if it clears the $2,800 resistance zone in the near term.<\/li>\n<\/ul>\n<h2>Ethereum Price Rallies Over 5%<\/h2>\n<p>Ethereum price started a fresh increase from the $2,550 support zone, beating Bitcoin. ETH price was able to recover above the $2,620 and $2,650 resistance levels.<\/p>\n<p>The price even surpassed the $2,720 level. However, the bears were active near the $2,785 resistance zone. The price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $2,610 swing low to the $2,787 high.<\/p>\n<p>Ethereum price is now trading near $2,720 and the 100-hourly Simple Moving Average. There is also a new connecting bullish trend line forming with support at $2,610 on the hourly chart of ETH\/USD.<\/p>\n<p>On the upside, the price could face resistance near the $2,780 level. The next key resistance is near the $2,800 level. The first major resistance is near the $2,7=840 level. A clear move above the $2,840 resistance might send the price toward the $2,880 resistance.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-760868\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/05\/Ethereum_6bdb58.png?resize=1024%2C449\" alt=\"Ethereum Price \" width=\"1024\" height=\"449\" \/><\/p>\n<p>An upside break above the $2,800 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 $2,950 in the near term.<\/p>\n<h2>Downside Correction In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,780 resistance, it could start a fresh decline. Initial support on the downside is near the $2,700 level. The first major support sits near the $2,650 zone. It is close to the 76.4% Fib retracement level of the upward move from the $2,610 swing low to the $2,787 high.<\/p>\n<p>A clear move below the $2,650 support might push the price toward the $2,610 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 $2,700<\/p>\n<p>Major Resistance Level \u2013 $2,780<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price found support at $2,550 and started a fresh increase. ETH is now up over 5% and might attempt to clear the $2,800 resistance. Ethereum started a decent increase above the $2,550 and $2,720 levels. The price is trading near $2,720 and the 100-hourly Simple Moving Average. There is a new connecting bullish trend&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4926,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-4925","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\/4925","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=4925"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/4925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/4926"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=4925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=4925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=4925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}