{"id":9190,"date":"2026-01-05T05:11:04","date_gmt":"2026-01-05T05:11:04","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-price-rallies-to-3200-bulls-press-for-further-upside\/"},"modified":"2026-01-05T05:11:04","modified_gmt":"2026-01-05T05:11:04","slug":"ethereum-price-rallies-to-3200-bulls-press-for-further-upside","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-price-rallies-to-3200-bulls-press-for-further-upside\/","title":{"rendered":"Ethereum Price Rallies to $3,200, Bulls Press for Further Upside"},"content":{"rendered":"<p><em>Ethereum price started a steady upward move above $3,050. ETH is now consolidating gains and might aim for more gains above $3,200.<\/em><\/p>\n<ul>\n<li>Ethereum started a fresh increase above $3,000 and $3,050.<\/li>\n<li>The price is trading above $3,100 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a short-term bullish trend line forming with support at $3,120 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could continue to move up if it clears the $3,200 zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Eyes More Gains<\/h2>\n<p>Ethereum price started a fresh increase after it settled above the $3,000 zone, like Bitcoin. ETH price gained pace for a move above the $3,050 and $3,120 resistance levels.<\/p>\n<p>The bulls even pumped the price toward $3,200. A high was formed at $3,218, and the price is now consolidating gains. It declined a few points below the 23.6% Fib retracement level of the recent increase from the $3,116 swing low to the $3,218 high.<\/p>\n<p>Ethereum price is now trading above $3,100 and the 100-hourly Simple Moving Average. Besides, there is a short-term bullish trend line forming with support at $3,120 on the hourly chart of ETH\/USD.<\/p>\n<p>If the bulls are able to protect more losses below $3,120, the price could attempt another increase. Immediate resistance is seen near the $3,200 level. The first key resistance is near the $3,220 level. The next major resistance is near the $3,250 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-872154\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/01\/Ethereum.png?resize=1024%2C488\" alt=\"Ethereum Price \" width=\"1024\" height=\"488\" loading=\"lazy\" \/><\/p>\n<p>A clear move above the $3,250 resistance might send the price toward the $3,350 resistance. An upside break above the $3,350 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>Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,220 resistance, it could start a fresh decline. Initial support on the downside is near the $3,165 level or the 50% Fib retracement level of the recent increase from the $3,116 swing low to the $3,218 high.<\/p>\n<p>The first major support sits near the $3,120 zone. A clear move below the $3,120 support might push the price toward the $3,050 support. Any more losses might send the price toward the $3,000 region.<\/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 $3,120<\/p>\n<p>Major Resistance Level \u2013 $3,220<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a steady upward move above $3,050. ETH is now consolidating gains and might aim for more gains above $3,200. Ethereum started a fresh increase above $3,000 and $3,050. The price is trading above $3,100 and the 100-hourly Simple Moving Average. There is a short-term bullish trend line forming with support at $3,120&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9191,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-9190","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\/9190","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=9190"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/9191"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=9190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=9190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=9190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}