Ethereum (ETH) Surges Above $3,000, Is This the Beginning of the Next Upswing?

Jakarta, Pintu News – Ethereum (ETH) has recently shown an impressive performance by successfully breaking back through the $3,000 level. After being under pressure for some time, ETH now seems poised to resume its upward trend, following in the footsteps of Bitcoin (BTC). With strong support from buyers, Ethereum managed to cross some key resistance levels and is now above the 100-hour simple moving average.

Ethereum’s Strength and Further Upside Potential

Ethereum managed to maintain its position above $2,850 and started a significant recovery wave. On the move, ETH managed to cross the $2,880 and $2,950 levels. The bulls managed to push the price past the 61.8% Fibonacci retracement level of the previous decline that started from a high of $3,165 to a low of $2,620. More importantly, the price managed to break $3,000.

Currently, Ethereum is trading above $3,000 and the 100-hour simple moving average. The price is also above the 76.4% Fibonacci retracement level of the same drop. If there is another upside move, Ethereum may face resistance near the $3,120 level. The next key resistance is near the $3,150 level, with the first major resistance at $3,165. If it manages to cross the $3,165 resistance, the price could head to $3,220.

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Ethereum Price Drop Possible

If Ethereum fails to break the $3,150 resistance, there is a possibility that the price will experience a new decline. Initial support on the downside is near the $2,980 level. The first major support lies in the $2,920 zone. If the price moves below the $2,920 support, it could push Ethereum to the $2,840 support. A further drop would probably send the price towards the $2,800 region in the near term. The next key supports are at $2,750 and $2,740.

Technical Indicators

The hourly MACD for ETH/USD shows increased momentum in the bullish zone. Meanwhile, the hourly RSI (Relative Strength Index) for ETH/USD is now above the 50 zone. This suggests that there are more buyers in the market than sellers at the moment, which could be a positive indicator for Ethereum traders and investors. With favorable technical indicators, as well as strong market sentiment, Ethereum will probably continue to perform strongly in the near future.

Conclusion

By breaking the $3,000 level again, Ethereum shows potential for further gains. However, it is important for investors to pay attention to the resistance and support levels mentioned to anticipate further price movements. With support from technical indicators, Ethereum might just be gearing up for the next phase of its rise.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

FAQ

Q1: What is Ethereum (ETH)?

A1: Ethereum (ETH) is a blockchain platform that allows developers to build and run decentralized applications (dApps).

Q2: Why has the price of Ethereum (ETH) risen recently?

A2: Ethereum price rose as it managed to maintain a position above $2,850 and break some important resistance levels, following the positive trend that Bitcoin (BTC) also experienced.

Q3: What are the key resistance levels for Ethereum (ETH) right now?

A3: The key resistance levels for Ethereum are currently $3,120, $3,150, and $3,165.

Q4: What happens if Ethereum (ETH) fails to break the $3,150 resistance?

A4: If Ethereum fails to break the $3,150 resistance, the price may see a decline, with initial support at $2,980 and major support at $2,920.

Q5: How do MACD and RSI technical indicators affect Ethereum (ETH) price analysis?

A5: MACD showing bullish momentum and RSI being above 50 suggests that there are more buyers than sellers, which could be a positive indicator for Ethereum price.

Reference

• NewsBTC. Ethereum Price Rockets Above $3K. Accessed on November 28, 2025