{"id":56509,"date":"2025-12-03T11:26:10","date_gmt":"2025-12-03T04:26:10","guid":{"rendered":"https:\/\/hbbgroup.net\/ethereum-rockets-higher-narrowing-distance-to-a-make-or-break-resistance-line\/"},"modified":"2025-12-03T11:26:10","modified_gmt":"2025-12-03T04:26:10","slug":"ethereum-rockets-higher-narrowing-distance-to-a-make-or-break-resistance-line","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/ethereum-rockets-higher-narrowing-distance-to-a-make-or-break-resistance-line\/","title":{"rendered":"Ethereum Rockets Higher, Narrowing Distance to a Make-or-Break Resistance Line"},"content":{"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>","protected":false},"excerpt":{"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>","protected":false},"author":5,"featured_media":56513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-56509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/56509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=56509"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/56509\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/56513"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=56509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=56509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=56509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}