{"id":8593,"date":"2025-12-05T05:11:06","date_gmt":"2025-12-05T05:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-tightens-uptrend-structure-as-market-eyes-another-wave-of-gains\/"},"modified":"2025-12-05T05:11:06","modified_gmt":"2025-12-05T05:11:06","slug":"ethereum-tightens-uptrend-structure-as-market-eyes-another-wave-of-gains","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-tightens-uptrend-structure-as-market-eyes-another-wave-of-gains\/","title":{"rendered":"Ethereum Tightens Uptrend Structure as Market Eyes Another Wave of Gains"},"content":{"rendered":"<p><em>Ethereum price started a fresh increase above $3,20<\/em><em>0. ETH is now consolidating gains and might aim for more gains above $3,250.<\/em><\/p>\n<ul>\n<li>Ethereum started a fresh increase above the $3,050 and $3,120 levels.<\/li>\n<li>The price is trading above $3,120 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a short-term contracting triangle forming with support at $3,130 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could continue to move up if it settles above the $3,240 zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Eyes Another Upside Break<\/h2>\n<p>Ethereum price managed to stay above $2,920 and started a fresh increase, like Bitcoin. ETH price gained strength for a move above the $3,000 and $3,050 resistance levels.<\/p>\n<p>The bulls even pumped the price above $3,150. \u00a0However, the bulls struggled to clear $3,240 and $3,250. A high was formed at $3,239 and the price recently corrected some gains. There was a spike below the 23.6% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low.<\/p>\n<p>Ethereum price is now trading above $3,120 and the 100-hourly Simple Moving Average. There is also a short-term contracting triangle forming with support at $3,130 on the hourly chart of ETH\/USD.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-863260\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/12\/Ethereum_3d7340.png?resize=1024%2C488\" alt=\"Ethereum Price \" width=\"1024\" height=\"488\" \/><\/p>\n<p>If there is another upward move, the price could face resistance near the $3,200 level. The next key resistance is near the $3,240 level. The first major resistance is near the $3,250 level. A clear move above the $3,250 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term.<\/p>\n<h2>Downside Correction In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,240 resistance, it could start a fresh decline. Initial support on the downside is near the $3,120 level. The first major support sits near the $3,050 zone.<\/p>\n<p>A clear move below the $3,050 support might push the price toward the $3,000 support. Any more losses might send the price toward the $2,980 region and the 50% Fib retracement level of the recent move from the $2,718 swing low to the $3,239 low in the near term. The next key support sits at $2,850 and $2,840.<\/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 $3,130<\/p>\n<p>Major Resistance Level \u2013 $3,240<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a fresh increase above $3,200. ETH is now consolidating gains and might aim for more gains above $3,250. Ethereum started a fresh increase above the $3,050 and $3,120 levels. The price is trading above $3,120 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $3,130&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8594,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-8593","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\/8593","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=8593"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/8593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/8594"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=8593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=8593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=8593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}