Ethereum Price Stays Resilient: A Gradual Increase in Sight?

Jan 2, 2025 04:00 am Cryptocurrency 147

Ethereum price started a fresh recovery wave from the $3,320 zone. ETH is consolidating and aims for a fresh increase above the $3,450 resistance.

Ethereum started a decent recovery wave above the $3,350 zone.

The price is trading above $3,365 and the 100-hourly Simple Moving Average.

There was a break above a short-term declining channel with resistance at $3,350 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could gain bullish momentum if it clears the $3,450 resistance level.

Ethereum Price Holds Support

Ethereum price remained stable above the $3,250 level and started a fresh recovery wave like Bitcoin. ETH gained pace for a move above the $3,320 and $3,350 resistance levels.

There was a break above a short-term declining channel with resistance at $3,350 on the hourly chart of ETH/USD. The pair surpassed the 50% Fib ..

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