</p><p>Ethereum price gained traction and climbed above $2,400. ETH is now<br />showing bullish signs and might extend gains toward the $2,550<br />level. Ethereum is gaining bullish momentum above the $2,380 zone.<br />The price is trading above $2,350 and the 100-hourly Simple Moving<br />Average. There is a key bullish trend line forming with support at<br />$2,400 on the hourly chart of ETH/USD (data feed via Kraken). The<br />pair might correct lower, but the bulls could be active near the<br />$2,400 support zone. Ethereum Price Gains Strength Ethereum price<br />remained strong above the $2,250 level. ETH started another<br />increase like Bitcoin and was able to clear a few key hurdles near<br />the $2,350 zone. The price jumped above the $2,400 level and tested<br />the $2,450 resistance. A high is formed near $2,449 and the price<br />is now consolidating gains. It is trading above the 23.6% Fib<br />retracement level of the recent surge from the $2,353 swing low to<br />the $2,449 high. Ethereum is also trading above $2,350 and the<br />100-hourly Simple Moving Average. Besides, there is a key bullish<br />trend line forming with support at $2,400 on the hourly chart of<br />ETH/USD. The trend line is close to the 50% Fib retracement level<br />of the recent surge from the $2,353 swing low to the $2,449 high.<br />On the upside, the first major resistance is near the $2,450 level.<br />The next major resistance is near $2,500, above which the price<br />might rise and test the $2,550 resistance. Source: ETHUSD on<br />TradingView.com If the bulls remain in action, they could even pump<br />the price above the $2,620 resistance. In the stated case, the<br />price could rise toward the $2,700 level. Are Dips Limited In ETH?<br />If Ethereum fails to clear the $2,450 resistance, it could start a<br />downside correction. Initial support on the downside is near the<br />$2,425 level. The next key support could be the $2,400 zone or the<br />trend line. A clear move below the $2,400 support might send the<br />price toward $2,375. The main support could be $2,350. Any more<br />losses might send the price toward the $2,240 level. Technical<br />Indicators Hourly MACD The MACD for ETH/USD is losing momentum in<br />the bullish zone. Hourly RSI The RSI for ETH/USD is now above the<br />50 level. Major Support Level $2,375 Major Resistance Level <br />$2,450</p><div style="margin-top: 10px; padding-top: 10px; border-top: 2px solid lightgrey;"><div style="width: 320px; text-align: center; display: inline-table;">Bitcoin (COIN:BTCUSD)<br /> Gráfico Histórico do Ativo<br />De Jan 2024 até Fev 2024</p><p><a href="http://www.bing.com/bolsa-de-valores/coin/BTCUSD/grafico"></a></p></div><div style="width: 320px; text-align: center; display: inline-table;">Bitcoin (COIN:BTCUSD)<br /> Gráfico Histórico do Ativo<br />De Fev 2023 até Fev 2024</p><p><a href="http://www.bing.com/bolsa-de-valores/coin/BTCUSD/grafico"></a></p></div></p></div></p></div></div><p><br /><br /><a href="http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=65c45c7014c34c1e8ed8a931fa130144&url=https%3A%2F%2Fbr.advfn.com%2Fnoticias%2FNEWSBTC%2F2024%2Fartigo%2F93230783&c=16496066258952432211&mkt=en-us">Source link </a></p> </p> <p><span style="display:inline-block"><strong>Read more:</strong></span> <a 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dynamic">Blockchain News</div> <div class="date-wrapper"> <div class="featured-author-title">On</div> <div class="featured-author-title dynamic">Sat, 22 Feb 2025</div> </div> </div> </a> </div> <div role="listitem" class="item w-dyn-item"> <a href="/cryptonews/news/sec-drops-investigation-into-nft-marketplace-opensea" class="item-link-block w-inline-block" title=" SEC drops investigation into NFT marketplace OpenSea "> <div style="background-image:url("https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDIvMDE5NTJiOTUtNjg5OC03OGY5LWFhZmYtNzU2ZDY3Njg1OGFk.jpg")" class="square-image-block"></div> <div class="block-text-wrapper"> <div class="block-title-link"> SEC drops investigation into NFT marketplace OpenSea </div> <p> <span>More Crypto News : </span> </p> </div> <div class="featured-author-wrapper"> <div style="background-image:url("https://cointelegraph.com/assets/img/CT_Logo_YG_tag.png")" class="author-image-block"></div> <div 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role="listitem" class="item w-dyn-item"> <a href="/cryptonews/news/uk-fca-regulates-ja-mining-cloud-mining-contracts-a-safe-and-risk-free-new-optio" class="item-link-block w-inline-block" title="UK FCA regulates JA Mining cloud mining contracts: a safe and risk-free new option"> <div style="background-image:url("https://cryptodaily.blob.core.windows.net/space/rxp22.02.2025-11.png")" class="square-image-block"></div> <div class="block-text-wrapper"> <div class="block-title-link">UK FCA regulates JA Mining cloud mining contracts: a safe and risk-free new option</div> <p> <span>More News : </span> </p> </div> <div class="featured-author-wrapper"> <div style="background-image:url("https://cryptodaily.co.uk/assets/cryptodaily/img/cryptodaily-favicon-32x32.jpg")" class="author-image-block"></div> <div class="featured-author-title">By</div> <div class="featured-author-title dynamic">Crypto Daily</div> <div class="date-wrapper"> <div class="featured-author-title">On</div> <div 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dynamic">Sat, 22 Feb 2025</div> </div> </div> </a> </div> <div class="advertice-box-mid"> </div> <div role="listitem" class="item w-dyn-item"> <a href="/cryptonews/news/best-cheap-crypto-to-buy-now-with-100x-potential-in-the-next-bull-run" class="item-link-block w-inline-block" title="Best Cheap Crypto to Buy Now With 100x Potential in the Next Bull Run"> <div style="background-image:url("https://cryptodaily.blob.core.windows.net/space/rxp22.02.2025-5.png")" class="square-image-block"></div> <div class="block-text-wrapper"> <div class="block-title-link">Best Cheap Crypto to Buy Now With 100x Potential in the Next Bull Run</div> <p> <span>More News : </span> </p> </div> <div class="featured-author-wrapper"> <div style="background-image:url("https://cryptodaily.co.uk/assets/cryptodaily/img/cryptodaily-favicon-32x32.jpg")" class="author-image-block"></div> <div class="featured-author-title">By</div> <div class="featured-author-title dynamic">Crypto Daily</div> <div class="date-wrapper"> 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class="author-image-block"></div> <div class="featured-author-title">By</div> <div class="featured-author-title dynamic">CryptoPotato</div> <div class="date-wrapper"> <div class="featured-author-title">On</div> <div class="featured-author-title dynamic">Sat, 22 Feb 2025</div> </div> </div> </a> </div> <div role="listitem" class="item w-dyn-item"> <a href="/cryptonews/news/bitcoin-price-on-the-brink-of-a-major-shift-as-market-volatility-declines" class="item-link-block w-inline-block" title="Bitcoin Price on the Brink of a Major Shift as Market Volatility Declines"> <div style="background-image:url("https://i0.wp.com/www.cryptobreaking.com/wp-content/uploads/2024/08/Crypto-Breaking-News-Logo-Cover.png?fit=1920%2C1080&ssl=1")" class="square-image-block"></div> <div class="block-text-wrapper"> <div class="block-title-link">Bitcoin Price on the Brink of a Major Shift as Market Volatility Declines</div> <p> <span>News : </span> </p> </div> <div class="featured-author-wrapper"> <div 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class="block-title-link">Pepeto: The Next 100x Meme Coin That Will Leave Floki in the Dust</div> <p> <span>Sponsored : </span> <span>Presales : </span> </p> </div> <div class="featured-author-wrapper"> <div style="background-image:url("https://zycrypto.com/wp-content/uploads/2022/08/cropped-ZyCrypto-Site-Logo-32x32.png")" class="author-image-block"></div> <div class="featured-author-title">By</div> <div class="featured-author-title dynamic">ZyCrypto</div> <div class="date-wrapper"> <div class="featured-author-title">On</div> <div class="featured-author-title dynamic">Sat, 22 Feb 2025</div> </div> </div> </a> </div> <div class="advertice-box-mid"> </div> <div role="listitem" class="item w-dyn-item"> <a href="/cryptonews/news/you-dont-need-thousands-here-are-3-altcoins-to-turn-100-into-10-000-this-yea" class="item-link-block w-inline-block" title="You Dont Need Thousands Here Are 3 Altcoins To Turn $100 Into $10,000 This Year"> <div 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href="/cryptonews/news/lazarus-group-consolidates-bybit-funds-into-phemex-hacker-wallet" class="item-link-block w-inline-block" title=" Lazarus Group consolidates Bybit funds into Phemex hacker wallet "> <div style="background-image:url("https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDIvMDE5NTJkNGItMmNkMS03NjQxLThkN2MtOTJlNWI2NDNhMzc5.jpg")" class="square-image-block"></div> <div class="block-text-wrapper"> <div class="block-title-link"> Lazarus Group consolidates Bybit funds into Phemex hacker wallet </div> <p> <span>More Crypto News : </span> </p> </div> <div class="featured-author-wrapper"> <div style="background-image:url("https://cointelegraph.com/assets/img/CT_Logo_YG_tag.png")" class="author-image-block"></div> <div class="featured-author-title">By</div> <div class="featured-author-title dynamic">Cointelegraph.c...</div> <div class="date-wrapper"> <div class="featured-author-title">On</div> <div class="featured-author-title 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