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Home Market & Analysis

Ethereum Price Breaks Out—10% Surge Sparks Bullish Momentum

n70products by n70products
March 3, 2025
in Market & Analysis
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Ethereum Price Breaks Out—10% Surge Sparks Bullish Momentum
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Ethereum worth began a recent improve from the $2,080 zone. ETH is now again above $2,400 and dealing with hurdles close to the $2,550 degree.

  • Ethereum began an honest improve above the $2,350 resistance zone.
  • The value is buying and selling above $2,350 and the 100-hourly Easy Shifting Common.
  • There was a break above a key bearish development line with resistance at $2,240 on the hourly chart of ETH/USD (information feed by way of Kraken).
  • The pair should clear the $2,500 and $2,550 resistance ranges to proceed larger.

Ethereum Worth Rallies 10%

Ethereum worth prolonged losses beneath $2,200 earlier than the bulls appeared, like Bitcoin. ETH examined the $2,080 zone and not too long ago began a powerful improve. There was a transfer above the $2,200 and $2,320 resistance ranges.

There was a break above a key bearish development line with resistance at $2,240 on the hourly chart of ETH/USD. The pair even surged above the $2,500 resistance degree. A excessive was fashioned at $2,550 and the value is now correcting some features.

There was a transfer beneath the 23.6% Fib retracement degree of the upward transfer from the $2,173 swing low to the $2,550 excessive. Ethereum worth is now buying and selling above $2,350 and the 100-hourly Simple Moving Average.

On the upside, the value appears to be dealing with hurdles close to the $2,500 degree. The primary main resistance is close to the $2,520 degree. The primary resistance is now forming close to $2,550. A transparent transfer above the $2,550 resistance may ship the value towards the $2,650 resistance.

Ethereum Price
Supply: ETHUSD on TradingView.com

An upside break above the $2,650 resistance may name for extra features within the coming periods. Within the acknowledged case, Ether may rise towards the $2,780 resistance zone and even $2,850 within the close to time period.

One other Decline In ETH?

If Ethereum fails to clear the $2,550 resistance, it may begin one other decline. Preliminary assist on the draw back is close to the $2,400 degree. The primary main assist sits close to the $2,360 zone or the 50% Fib retracement degree of the upward transfer from the $2,173 swing low to the $2,550 excessive.

A transparent transfer beneath the $2,360 assist may push the value towards the $2,320 assist. Any extra losses may ship the value towards the $2,220 assist degree within the close to time period. The following key assist sits at $2,080.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is dropping momentum within the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Main Assist Degree – $2,360

Main Resistance Degree – $2,550



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Tags: BreaksBullishEthereumMomentumOut10PriceSparksSurge
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