Ethereum Price Hits $3,450 Wall: Can It Power Through?

Nov 13, 2024 04:00 am Cryptocurrency 15

Ethereum price extended its increase above the $3,220 resistance. ETH is now consolidating and facing hurdles near the $3,450 resistance.

Ethereum started a fresh increase above the $3,120 resistance zone.

The price is trading above $3,150 and the 100-hourly Simple Moving Average.

There is a connecting bullish trend line forming with support at $3,220 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could continue to rise if it remains stable above the $3,150 zone.

Ethereum Price Faces Hurdles

Ethereum price started a fresh increase above the $3,000 resistance like Bitcoin. ETH was able to climb above the $3,120 and $3,120 resistance levels to move further into a positive zone.

It even surged above the $3,350 level and traded to a new monthly high. A high was formed at $3,443 before there was a minor pullback. There was ..

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