CandleFocus Ethereum Price Survives Dip: Rallies 10% and Targets More Upside
2024-11-22
Author: Content Editor
The Ethereum price has started to rise and has surpassed the $3,220 and $3,300 resistance levels. It has gained over 10% and reached a high of $3,387. Currently, the price is consolidating above the 23.6% Fibonacci retracement level. On the upside, the price is facing hurdles near the $3,350 level, with a short-term contracting triangle forming at $3,360. The main resistance levels are at $3,385 and $3,420. If these levels are cleared, the price may rise towards $3,550 or even $3,650. On the downside, initial support is near $3,300, followed by major support at $3,250. A move below these levels could push the price towards $3,220 or $3,150. The technical indicators show bullish momentum, with the MACD gaining in the bullish zone and the RSI above 50.
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