Ethereum price $ETH rose above the $3350 barrier. Ethereum price is rising and may rise if it breaks $3550.
Ethereum surged above $3,400 again.
The price is above $3450 and the 100 hourly simple moving average.
The hourly chart of the Ethereum/USD pair is showing a bullish trend line with support at $3,455.
If it breaks the resistance levels of $3,525 and $3,550, the pair may rise.
Ethereum price rise
Ethereum price started to rise above $3320 like Bitcoin. Ethereum broke the $3400 and $3420 barriers.
The price broke the $3,500 resistance level. However, the bears continued to decline below the $3,550 level. The price is holding gains after reaching a high of $3,535. It fell below the 23.6% Fib retracement level of the $3,225 swing low to $3,534 swing high.
Ethereum is above $3,450 and the 100-hour simple moving average. On the hourly chart of ETH/USD, a positive trend line is connecting to $3,455.
The price may face resistance at $3500 on the upside. At $3525, serious resistance begins.
The main resistance is near $3,550. A clear break above $3,550 could push the price above $3,620. A break above $3,620 could lead to a bigger advance in the coming sessions. Ether could reach $3,680 or $3,750 in this case.
Another Ethereum Drop?
Ethereum could decline if it fails to break $3,550. The $3,455 level and the trend line provide the first downside support. The first important support is at $3,375, which is the 50% Fib retracement level of the upward advance from the $3,225 swing low to $3,534 high.
A decisive break below $3,375 could push the market below $3,250. If losses continue, the price could reach the support level at $3,220. The next important support is at $3,110.
