{
    "id": 56509,
    "date": "2025-12-03T11:26:10",
    "date_gmt": "2025-12-03T04:26:10",
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        "rendered": "Ethereum Rockets Higher, Narrowing Distance to a Make-or-Break Resistance Line"
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        "rendered": "<div id=\"ftwp-postcontent\">\n<p><em>Ethereum price started a fresh increase above $2,92<\/em><em>0. ETH is now attempting to clear the $3,050 resistance and might accelerate higher.<\/em><\/p>\n<ul>\n<li>Ethereum started a fresh increase above the $2,920 and $2,950 levels.<\/li>\n<li>The price is trading above $2,950 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break above a short-term bearish trend line with resistance at $2,825 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could continue to move up if it settles above the $3,050 zone.<\/li>\n<\/ul>\n<h2 id=\"ftoc-heading-1\">Ethereum Price Eyes Upside Break<\/h2>\n<p>Ethereum price managed to stay above $2,720 and started a fresh increase, like <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-rallies-into-resistance-93k\/\" target=\"_blank\">Bitcoin<\/a>. ETH price gained strength for a move above the $2,850 and $2,880 resistance levels.<\/p>\n<p>There was a break above a <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-takes-a-blow-2720\/\" target=\"_blank\">short-term bearish trend line<\/a> with resistance at $2,825 on the hourly chart of ETH\/USD. The bulls even pumped the price above $2,950. \u00a0However, the price is now testing a key barrier at $3,050. A high was formed at $3,047 and the price is now consolidating above the 23.6% Fib retracement level of the recent move from the $2,718 swing low to the $3,047 low.<\/p>\n<p>Ethereum price is now trading above $2,950 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $3,050 level.<\/p>\n<figure id=\"attachment_861679\" aria-describedby=\"caption-attachment-861679\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/12\/Ethereum_3d7504.png\"><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/12\/Ethereum_3d7504.png?resize=1024%2C493\" alt=\"Ethereum Price \" width=\"1024\" height=\"493\"><\/a><figcaption id=\"caption-attachment-861679\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\">ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>The next key resistance is near the $3,080 level. The first major resistance is near the $3,120 level. A clear move above the $3,120 resistance might send the price toward the $3,200 resistance. An upside break above the $3,200 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,350 resistance zone or even $3,380 in the near term.<\/p>\n<h2 id=\"ftoc-heading-2\">Another Decline In ETH?<\/h2>\n<p>If Ethereum fails to clear the $3,050 resistance, it could start a fresh decline. Initial support on the downside is near the $2,970 level. The first major support sits near the $2,880 zone or the 50% Fib retracement level of the recent move from the $2,718 swing low to the $3,047 low.<\/p>\n<p>A clear move below the $2,840 support might push the price toward the $2,800 support. Any more losses might send the price toward the $2,750 region in the near term. The next key support sits at $2,720 and $2,710.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> \u2013 <\/strong>The RSI for ETH\/USD is now above the 50 zone.<\/p>\n<p>Major Support Level \u2013 $2,970<\/p>\n<p>Major Resistance Level \u2013 $3,050<\/p>\n<\/p><\/div>",
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        "rendered": "<p>Ethereum price started a fresh increase above $2,920. ETH is now attempting to clear the $3,050 resistance and might accelerate [&hellip;]<\/p>",
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