Ethereum’s price has begun to rise and is currently holding steady above $2,320. It’s now stabilizing, and could climb further if it breaks past $2,380.
- Ethereum started a steady increase above the $2,300 zone.
- The price is trading above $2,320 and the 100-hourly Simple Moving Average.
- There is a contracting triangle forming with resistance at $2,380 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could continue to move up if it stays above the $2,400 zone.
Ethereum Price Aims Fresh Increase
Similar to Bitcoin, Ethereum’s price successfully held above the $2,220 support level and began to rise. This momentum is pushing ETH towards the $2,250 and $2,300 price points.
The price recently peaked at $2,417 before starting to fall. It dropped below $2,350 and then moved below a key technical level – the 38.2% Fibonacci retracement – based on the recent price swing between $2,180 and $2,417.
Ethereum’s price is currently over $2,320 and has risen above its 100-hour moving average. If buying pressure continues above $2,300, the price may climb higher.
ETH/USD is currently facing some initial resistance around $2,365. A major resistance level to watch is $2,380, and a contracting triangle pattern is forming on the hourly chart, also indicating resistance at that price.
The price is currently facing resistance around $2,400. If it breaks above this level, it could climb to $2,440. A further break past $2,440 suggests the price could continue rising in the short term, potentially reaching $2,500 or even $2,550.
Another Decline In ETH?
As a crypto investor, I’m watching Ethereum closely. If it can’t break through the $2,380 resistance level, we might see a dip. I’m looking at around $2,330 as initial support, but if it falls further, I think $2,295 could be a key level to hold. That area roughly corresponds to the 50% retracement of the recent price swing from $2,180 to $2,417, so it feels like a pretty important support zone.
If the price falls below $2,295, it could drop to $2,265, and potentially even lower to around $2,230. The key support level to watch is $2,200.
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 – $2,295
Major Resistance Level – $2,380
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2026-04-16 06:23