Ethereum Bulls Set Sights on $2,850: Is a Surge Imminent?

Oct 21, 2024 04:00 am Cryptocurrency 11

Ethereum price is extending gains above the $2,650 resistance. ETH could continue to rise toward $2,850 if it clears the $2,750 resistance zone.

Ethereum remained in a positive zone above the $2,580 and $2,620 resistance levels.

The price is trading above $2,650 and the 100-hourly Simple Moving Average.

There is a key bullish trend line forming with support near $2,680 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could continue to move up if it clears the $2,750 and $2,780 resistance levels.

Ethereum Price Aims For More Gains

Ethereum price remained stable above the $2,600 level like Bitcoin. ETH extended gains above the $2,650 resistance level to move further into a positive zone.

The price cleared the $2,700 level and tested $2,765. A high was formed at $2,765 and the price is now consolidating gains. There was a minor decline below the $2,740 level, but the price is stable above the 23.6% Fib retracement level of ..

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