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Ethereum Price Hits $3,450 Wall: Can It Power Through?

Ethereum price extended its increase above the $3,220 resistance. ETH is now consolidating and facing hurdles near the $3,450 resistance. Ethereum started a fresh increase above the $3,120 resistance zone. The price is trading above $3,150 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,220 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it remains stable above the $3,150 zone. Ethereum Price Faces Hurdles Ethereum price started a fresh increase above the $3,000 resistance like Bitcoin. ETH was able to climb above the $3,120 and $3,120 resistance levels to move further into a positive zone. It even surged above the $3,350 level and traded to a new monthly high. A high was formed at $3,443 before there was a minor pullback. There was a move below the 23.6% Fib retracement level of the upward wave from the $3,070 swing low to the $3,443 high. Ethereum price is now trading above $3,150 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $3,220 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the upward wave from the $3,070 swing low to the $3,443 high. On the upside, the price seems to be facing hurdles near the $3,320 level. The first major resistance is near the $3,400 level. The main resistance is now forming near $3,450. A clear move above the $3,450 resistance might send the price toward the $3,580 resistance. An upside break above the $3,580 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone. Downside Correction In ETH? If Ethereum fails to clear the $3,320 resistance, it could start a downside correction. Initial support on the downside is near the $3,250 level and the trend line. The first major support sits near the $3,150 zone. A clear move below the $3,150 support might push the price toward $3,070. Any more losses might send the price toward the $3,000 support level in the near term. The next key support sits at $2,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,250 Major Resistance Level – $3,320 CoinTurk News

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Ripple and Cardano Partnership: Could Hoskinson’s Support Lead to New Crypto Alliances?

The post Ripple and Cardano Partnership: Could Hoskinson’s Support Lead to New Crypto Alliances? appeared first on Coinpedia Fintech News Cardano founder Charles Hoskinson recently sparked excitement in the crypto community by praising Ripple CEO Brad Garlinghouse, calling him a “great CEO” and describing their conversation as “highly collaborative.” This positive exchange has led to speculation about a potential partnership between Cardano and Ripple, as both companies are facing similar regulatory challenges. ???? BREAKING:CARDANO FOUNDER … CoinTurk News