Ethereum Price Hits $3K Milestone Again: Will The Gains Keep Coming?
Ethereum price has reached a $3K milestone, with gains over 10%. The price has surged above the $3,000 resistance and is now trading above $3,000 and the 100-hourly Simple Moving Average. A new bullish trend line with support at $3,120 is forming on the hourly chart of ETH/USD. The pair could continue to rise if it clears the $3,250 resistance.
However, the price is facing hurdles near the $3,200 level, with the first major resistance near the $3,250 level. If Ethereum fails to clear the $3,250 resistance, it could start a downside correction, with initial support near the $3,150 level. Technical indicators include the MACD for ETH/USD gaining momentum in the bullish zone and the RSI for ETH/USD above the 50 zone.
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