🔝Will the price of ETH pump 10% in the future?

The price of Ethereum remains supported above the $3,250 area. ETH is starting a new pump and has broken through the resistance area of ​​$3,550.
Ethereum is starting to pump from the support area of $3,250.
The price is currently above $3,500 and the 100-hour simple moving average.
On the hourly chart of ETH/USD, it broke through the connecting bearish trendline, with resistance at $3,375.
The currency pair has pumped nearly 10%, currently consolidating the gain around $3,650.

☔️Etherium prices start a new round of pump
ETH maintains support above $3,250 and starts a new round of pump for BTC. ETH is able to break through the resistance levels of $3,350 and $3,400.
ETH/USD broke above the connecting downtrend line on the hourly chart, with the resistance level at $3,375. Long positions will push the price higher to above the resistance levels at $3,500 and $3,550. The price pumped nearly 10%, reaching a peak trading price of $3,688.

🌈The price is currently correcting gains below $3,650. The Ethereum price is currently trading above $3,550 and the 100-hour simple moving average. It is also above the 23.6% Fibonacci retracement level from the swing low of $3,254 to the high of $3,688.
From the perspective of the upward trend, the price seems to face resistance near $3,650. The first major resistance level is near $3,685. The current major resistance level is near $3,720.
A clear break of the resistance level at $3,720 may cause the price to fall towards the resistance level at $3,840. A break of the resistance level at $3,840 may bring more gains in the coming trading days. In this case, Ether may rise towards the resistance level at $3,950 or even $4,000.

⬇️How is the downward trend supported by ETH?
If Ethereum fails to break the resistance level of $3,685, it may fall again. The initial support level is around $3,585. The first major support level is in the vicinity of the $3,550 area.
Breaking below the support level of $3,550 could push the price towards the low point of $3,254 and the high point of $3,688, which is the 50% Fibonacci retracement level of the upward trend from $3,470. If the price continues to decline, it may fall to the support level of $3,350 in the short term. The next key support level is at $3,250.

🔗technical indicator
The MACD for ETH/USD on an hourly basis is gaining momentum in the bullish zone.
The hourly RSI - ETH/USD's RSI is now above the 50 zone.
Main support level - $3,485
Main resistance level - $3,685
(tv-NewsBTC)