Ethereum

Ethereum Sets New ATH, Here’s Why The Bulls Could Aim $2,500

Ethereum is gaining momentum above $2,300 against the US Dollar. ETH price is showing positive signs and it is likely to continue higher towards the $2,400 and $2,500 levels.

Ethereum is gaining pace above the $2,200 and $2,250 resistance levels.
The price is now trading well above $2,250 and the 100 hourly simple moving average.
There was a break above a key contracting triangle with resistance near $2,300 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is likely to continue higher towards the $2,400 and $2,420 levels in the near term.

Ethereum Price Is Gaining Pace
Ethereum started a strong increase after it broke the $2,200 resistance zone. ETH broke many hurdles near $2,220 and $2,250 to move into a positive zone.
There was a clear break above the $2,300 resistance levels. Moreover, there was a break above a key contracting triangle with resistance near $2,300 on the hourly chart of ETH/USD. It is now trading well above the 1.236 Fib extension level of the downward move from the $2,200 swing high to $2,102 low.
Ether is now trading well above $2,250 and the 100 hourly simple moving average. It is showing a lot of positive signs above the $2,300 level, and it traded to a new all-time high, similar to bitcoin.

Source: ETHUSD on TradingView.com
It seems like the bulls are aiming a test of the $2,400 level. An intermediate resistance could be $2,355. It is near the 2.618 Fib extension level of the downward move from the $2,200 swing high to $2,102 low. Any more gains could open the doors for a push towards the $2,500 level in the near term.
Dips Limited in ETH?
If Ethereum fails to clear the $2,350 resistance, it could correct lower. The first major support is now forming near the $2,300 level or the broken triangle zone.
The main support is now near the $2,250 level. If ether fails to stay above the $2,250 support zone, it could continue to move down towards the $2,200 support zone. Any more losses might call for a test of the $2,180 support area and the 100 hourly simple moving average.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now well above the 60 level.
Major Support Level – $2,300
Major Resistance Level – $2,400

bitcoin
Bitcoin (BTC) $ 66,232.75
ethereum
Ethereum (ETH) $ 3,563.12
tether
Tether (USDT) $ 0.999595
bnb
BNB (BNB) $ 607.61
solana
Solana (SOL) $ 145.27
staked-ether
Lido Staked Ether (STETH) $ 3,561.64
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.489643
dogecoin
Dogecoin (DOGE) $ 0.136551
the-open-network
Toncoin (TON) $ 7.91
cardano
Cardano (ADA) $ 0.413916
shiba-inu
Shiba Inu (SHIB) $ 0.000021
avalanche-2
Avalanche (AVAX) $ 30.16
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 66,231.75
tron
TRON (TRX) $ 0.115289
chainlink
Chainlink (LINK) $ 14.80
uniswap
Uniswap (UNI) $ 11.46
polkadot
Polkadot (DOT) $ 6.22
bitcoin-cash
Bitcoin Cash (BCH) $ 428.75
near
NEAR Protocol (NEAR) $ 5.58
litecoin
Litecoin (LTC) $ 79.10
matic-network
Polygon (MATIC) $ 0.616895
wrapped-eeth
Wrapped eETH (WEETH) $ 3,704.58
leo-token
LEO Token (LEO) $ 5.76
dai
Dai (DAI) $ 1.00
pepe
Pepe (PEPE) $ 0.000012
internet-computer
Internet Computer (ICP) $ 9.13
ethereum-classic
Ethereum Classic (ETC) $ 25.55
fetch-ai
Fetch.ai (FET) $ 1.46
kaspa
Kaspa (KAS) $ 0.153212
aptos
Aptos (APT) $ 7.90
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,556.99
ethena-usde
Ethena USDe (USDE) $ 1.00
monero
Monero (XMR) $ 175.62
render-token
Render (RNDR) $ 7.91
hedera-hashgraph
Hedera (HBAR) $ 0.084830
filecoin
Filecoin (FIL) $ 5.21
mantle
Mantle (MNT) $ 0.895835
blockstack
Stacks (STX) $ 1.97
stellar
Stellar (XLM) $ 0.098469
cosmos
Cosmos Hub (ATOM) $ 7.13
okb
OKB (OKB) $ 46.22
crypto-com-chain
Cronos (CRO) $ 0.099994
arbitrum
Arbitrum (ARB) $ 0.919987
immutable-x
Immutable (IMX) $ 1.74
first-digital-usd
First Digital USD (FDUSD) $ 0.999494
injective-protocol
Injective (INJ) $ 25.36
dogwifcoin
dogwifhat (WIF) $ 2.41
sui
Sui (SUI) $ 0.939418
optimism
Optimism (OP) $ 2.10