Ethereum Smashes Resistance-Bitcoin Left Behind as Momentum Flips Bullish

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So, Ethereum has decided to stop dilly-dallying and has surged past $3,250-just like that! Now, it’s playing it cool, consolidating its gains. But let’s be real, it might just be plotting its next big move-if it can clear the almighty $3,380 resistance.

  • Ethereum casually breezed past the $3,200 and $3,250 levels-no biggie.
  • It’s now cruising above $3,200 and comfortably above the 100-hourly Simple Moving Average. Talk about confidence.
  • There’s a bullish trend line forming, holding strong at $3,210 on the hourly chart of ETH/USD (shoutout to Kraken for the data).
  • If it hangs out above the $3,350 zone for a while, we might just see it shoot higher.

Ethereum Price Rallies Over 8%-Bitcoin, Who?

Ethereum has done what everyone secretly wished for-pushing above $3,000 and looking way stronger than Bitcoin right now. Its price powerfully broke through $3,120 and $3,250 like it’s no problem.

The bulls didn’t stop there. They even managed to push ETH past $3,350. But of course, the bears showed up below $3,400, setting a high at $3,396, and now we’re seeing some consolidation. There was even a slight dip below the 23.6% Fib retracement level-oh, the drama.

But don’t panic, folks. Ethereum is still holding strong above $3,200, and that 100-hourly Simple Moving Average is looking pretty comfortable. Plus, there’s a bullish trend line holding steady at $3,210. It’s like the calm before the storm.

If Ethereum decides to make another move upwards, expect some resistance near $3,320. But fear not, the real challenge comes at $3,350. If it breaks through that, we might be looking at $3,380 next. And if it really gets going, don’t be shocked if we see $3,420 or even higher. Who knows? Ethereum could be headed toward $3,500 or even $3,550 in the near future. Hold onto your hats, folks.

Is Ethereum About to Crash? Or Nah?

But-let’s not get ahead of ourselves. If Ethereum can’t break the $3,380 resistance, we might see a little pullback. Initial support could show up around $3,250 and the 50% Fib retracement level of the upward wave from $3,094 to $3,396. If the bears really get their act together, we could see $3,210 next. Oh, the suspense.

If Ethereum keeps sliding, it might find support around $3,150. And if things get really wild, brace for $3,050. But don’t worry, there’s always $3,000 lurking in the background.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is cruising in the bullish zone like it’s the VIP section.

Hourly RSI – The RSI for ETH/USD is above 50, so it’s not exactly in danger of a meltdown. Yet.

Major Support Level – $3,210 (Don’t go below this, ETH.)

Major Resistance Level – $3,380 (Good luck with that one, ETH.)

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2025-12-10 06:25