Ethereum price started a decent upward move above $2,900. ETH is now showing 
positive signs and might eye more gains above $3,000. Ethereum started a 
recovery wave above the $2,920 zone. The price is trading above $2,950 and the 
100-hourly Simple Moving Average. There is a bullish trend line forming with 
support at $2,930 on the hourly chart of ETH/USD (data feed via Kraken). The 
pair could continue to move up if it settles above the $3,000 zone. Ethereum 
Price Eyes More Gains Ethereum price managed to stay above the $2,880 pivot 
level and started a recovery wave, like Bitcoin. ETH price climbed above the 
$2,920 resistance to enter a positive zone. The bulls were able to push the 
price above the 50% Fib retracement level of the downward move from the $3,075 
swing high to the $2,888 low. Besides, there is a bullish trend line forming 
with support at $2,930 on the hourly chart of ETH/USD. Ethereum price is now 
trading above $2,950 and the 100-hourly Simple Moving Average. If the bulls 
are able to protect more losses below $2,950, the price could continue to move 
up. Immediate resistance is seen near the $3,000 level and the 61.8% Fib 
retracement level of the downward move from the $3,075 swing high to the 
$2,888 low. The first key resistance is near the $3,030 level. The next major 
resistance is near the $3,050 level. A clear move above the $3,050 resistance 
might send the price toward the $3,120 resistance. An upside break above the 
$3,120 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 $3,220 in the 
near term. Another Decline In ETH? If Ethereum fails to clear the $3,000 
resistance, it could start a fresh decline. Initial support on the downside is 
near the $2,950 level. The first major support sits near the $2,920 zone. A 
clear move below the $2,920 support might push the price toward the $2,880 
support. Any more losses might send the price toward the $2,800 region. The 
next key support sits at $2,720. Technical Indicators Hourly MACD – The MACD 
for ETH/USD is gaining momentum in the bullish zone. Hourly RSI &#8211; The RSI for 
ETH/USD is now above the 50 zone. Major Support Level – $2,950 Major 
Resistance Level – $3,000

Ethereum Price Targets Break Above $3K, Bulls Smell Opportunity

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Bitcoin price found support and started a recovery wave above $88,000. BTC is 
now rising and might attempt to surpass the $89,000 resistance. Bitcoin 
started a recovery wave above the $88,000 zone. The price is trading above 
$88,000 and the 100 hourly Simple moving average. There is a bearish trend 
line forming with resistance at $88,750 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair might continue to move up if it trades 
above the $89,500 zone. Bitcoin Price Faces Resistance Bitcoin price managed 
to stay in a positive zone above $85,500 and started a recovery wave. BTC 
gained pace for a move above the $87,000 and $87,200 levels. The price climbed 
above the 50% Fib retracement level of the downward move from the $89,484 
swing high to the $86,611 low. The bulls even pushed the price above $88,000. 
Bitcoin is now trading above $88,000 and the 100 hourly Simple moving average. 
If the price remains stable above $88,000, it could attempt a fresh recovery 
wave. Immediate resistance is near the $88,750 level and the 76.4% Fib 
retracement level of the downward move from the $89,484 swing high to the 
$86,611 low. Besides, there is a bearish trend line forming with resistance at 
$88,750 on the hourly chart of the BTC/USD pair. The first key resistance is 
near the $89,500 level. The next resistance could be $89,800. A close above 
the $89,800 resistance might send the price further higher. In the stated 
case, the price could rise and test the $90,200 resistance. Any more gains 
might send the price toward the $90,500 level. The next barrier for the bulls 
could be $91,500 and $92,000. Another Decline In BTC? If Bitcoin fails to rise 
above the $89,500 resistance zone, it could start another decline. Immediate 
support is near the $88,000 level. The first major support is near the $87,250 
level. The next support is now near the $86,500 zone. Any more losses might 
send the price toward the $85,500 support in the near term. The main support 
sits at $84,500, below which BTC might accelerate lower in the near term. 
Technical indicators: Hourly MACD – The MACD is now gaining pace in the 
bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is 
now above the 50 level. Major Support Levels – $88,000, followed by $87,250. 
Major Resistance Levels – $88,750 and $89,500.

Bitcoin Price Advances Cautiously, Bulls Probe for Upside Control

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Cryptocurrency price in AED