The price of Ethereum has begun to rise again, climbing above $2,350. It’s currently stabilizing, and could potentially increase further, aiming for prices above $2,400.
- Ethereum started a steady increase from the $2,180 zone.
- The price is trading above $2,350 and the 100-hourly Simple Moving Average.
- There was a break above a bearish trend line with resistance at $2,200 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could continue to move up if it stays above the $2,320 zone.
Ethereum Price Surges To $2,400
Similar to Bitcoin, Ethereum’s price held above the $2,180 level and began to rise. It’s now gaining momentum and aiming to break through $2,200 and $2,250.
Ethereum’s price recently broke past a downward trend, overcoming the $2,200 resistance level. Buyers then pushed the price above $2,350, reaching a peak of $2,395. Now, the price is stabilizing and holding gains above a key technical level, the 23.6% Fibonacci retracement, measured from a recent low of $2,179 to the high of $2,395.
Ethereum’s price is currently over $2,350 and has risen above its 100-hour moving average. If buying pressure continues above $2,320, the price might climb even higher.
Currently, the price is facing some resistance around $2,380. Key levels to watch for potential hurdles are $2,400 and $2,440. If the price breaks above $2,440, it could climb towards $2,500. A move past $2,500 could lead to further increases, potentially reaching $2,550 or even $2,620 in the short term.
Downside Correction In ETH?
If Ethereum doesn’t break past the $2,400 mark, its price might start to fall. It could initially find some support around $2,345, with stronger support likely near $2,320.
If the price falls below $2,320, it could drop to around $2,260, which is a key support level based on Fibonacci retracement analysis. Further declines could lead to a price of $2,230, with strong support ultimately around $2,180.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $2,260
Major Resistance Level – $2,400
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2026-04-14 06:22