Ethereum (ETH) has recently surged by 10%, fueled by heightened market activity surrounding President Trump\u2019s inauguration. Currently trading at $3,330.11 at 9:32 AM EST on Monday 20 January 2024, the asset faces a key resistance at the $3.5K level, a critical threshold that could dictate its next price movement.<\/p>\n
On the daily chart, ETH saw significant buying interest around the 100-day moving average at $3.2K, pushing its price higher. This increase in buying pressure brings Ethereum closer to the $3.5K resistance zone, where a breakout could lead to a potential rally toward the $4K level. However, the price action at this critical juncture will be decisive in determining Ethereum\u2019s next trend.<\/p>\n
On the 4-hour chart, Ethereum\u2019s volatility is evident as it fluctuates between the $3.2K support and $3.5K resistance, aligning with the 0.5-0.618 Fibonacci retracement levels.<\/p>\n
Disclaimer<\/strong>:\u00a0 This article is for informational purposes only and does not provide financial advice.<\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum (ETH) has recently surged by 10%, fueled by heightened market activity surrounding President Trump\u2019s inauguration. Currently trading at $3,330.11\u2026<\/p>\n","protected":false},"author":434,"featured_media":59987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76],"tags":[24374,24376,3926,22400,6817,24375,22929,23464,2645,24372,24373,22425],"class_list":["post-62013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-3-5k-resistance","tag-bullish-breakout","tag-cryptocurrency","tag-eth","tag-ethereum","tag-fibonacci-levels","tag-market-analysis","tag-price-surge","tag-resistance","tag-technical-analysis","tag-trump-inauguration","tag-volatility"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/62013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/434"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=62013"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/62013\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/59987"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=62013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=62013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=62013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}