Ethereum Price Ranges Under $3K—Is Direction About to Change?

A clear move above the $3,050 resistance might send the price toward the $3,110 resistance and the trend line. An upside break above the $3,110 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,200 resistance zone or even $3,250 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $3,025 resistance, it could start a fresh decline. Initial support on the downside is near the $2,920 level. The first major support sits near the $2,900 zone.

A clear move below the $2,900 support might push the price toward the $2,840 support. Any more losses might send the price toward the $2,800 region. The next key support sits at $2,765.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now near the 50 zone.

Major Support Level – $2,920

Major Resistance Level – $3,025

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