Ethereum’s price has begun to rise and is currently holding steady above $2,355. It’s now stabilizing, and could climb higher if it breaks past the $2,400 mark.
- Ethereum started a steady increase above the $2,365 zone.
- The price is trading above $2,350 and the 100-hourly Simple Moving Average.
- There is a bullish trend line forming with support at $2,350 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could continue to move up if it stays above the $2,300 zone.
Ethereum Price Looks To Claim $2,400
Similar to Bitcoin, Ethereum’s price successfully held above the $2,320 support level and began to rise. This momentum is pushing ETH towards breaking through the $2,340 and $2,350 price points.
The price briefly reached almost $2,380, peaking at $2,398, and is now stabilizing. It dipped slightly below a key technical level – the 23.6% Fibonacci retracement – calculated from a recent low of $2,220 to the high of $2,398.
As a researcher tracking Ethereum, I’ve observed that the price has broken through the $2,360 mark and is now holding above its 100-hour Simple Moving Average. What’s particularly interesting is that we’re also seeing the beginnings of an upward trend, with support currently around $2,350 when looking at the hourly ETH/USD chart.
If the price stays above $2,350, it could continue to climb. Initial resistance is around $2,380, with stronger resistance levels at $2,400 and $2,420. Breaking above $2,420 could lead to a move towards $2,500, and surpassing that could trigger further gains. In that scenario, the price might reach resistance between $2,550 and $2,565 soon.
Another Pullback In ETH?
If Ethereum doesn’t break past the $2,400 mark, its price might start to fall. It could find some support around $2,350, along with a key trend line. A stronger level of support is expected near $2,330.
If the price falls below $2,330, it could drop to either $2,310 or the 50% retracement level of the recent price swing between $2,220 and $2,398. Further declines could push the price down to around $2,285, with strong support likely around $2,250.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $2,350
Major Resistance Level – $2,400
Read More
- Forza Horizon 6: Find the Ohtani Treasure Chest Location
- NTE Drift Guide (& Best Car Mods for Drifting)
- Diablo 4 Best Loot Filter Codes
- Boruto: Ikemoto Has Already Hinted At Sasuke’s New Eye After Return
- LEGO Batman Legacy of the Dark Knight Batcave Minikits & WayneTech Caches
- USD RUB PREDICTION
- Where to Find Prescription in Where Winds Meet (Raw Leaf Porridge Quest)
- Top 10 Must-Watch Isekai Anime on Crunchyroll Revealed!
- Deltarune Chapter 1 100% Walkthrough: Complete Guide to Secrets and Bosses
- GBP CNY PREDICTION
2026-05-05 06:41