Ethereum Price Rally: Far from Over, More Gains Ahead!

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,359,302,661,386	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,359,302,661,386

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	1,326.49	1.96%	69,074.90	69,080.41	69,083.35

Price Change

Price Change %

Current Price

Bid Price

Offer

1,326.49

1.96%

69,074.90

69,080.41

69,083.35

High Price	Low Price	Open Price	Prev. Close	52 Week Range
70,295.78	67,568.00	67,717.09	67,748.41	24,750.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

70,295.78

67,568.00

67,717.09

67,748.41

24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	17:36:26	0.015000	69,079.83	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

17:36:26

0.015000

69,079.83

USD

Price x Volume	Volume	Base Symbol	Related Pairs
861,902,233.41	12,457.83	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

861,902,233.41

12,457.83

Ethereum Price Rally: Far from Over, More Gains Ahead!

22/05/2024 2:58am

NEWSBTC

Ethereum price extended its increase and tested $3,840. ETH is holding gains and seems to be eyeing a move toward the $4,000 level. Ethereum started a fresh increase and traded above the $3,750 resistance zone. The price is trading above $3,700 and the 100-hourly Simple Moving Average. There is a short-term bullish trend line forming with support at $3,710 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is a break below the $3,380 support. Ethereum Price Eyes Additional Gains Ethereum price started a fresh surge after reports of increased hopes of ETH ETF. There was a move above the $3,500 and $3,650 resistance levels. ETH outperformed Bitcoin and even climbed above the $3,750 level. A new weekly high was formed at $3,838 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward wave from the $3,065 swing low to the $3,838 high. Ethereum is now trading above $3,700 and the 100-hourly Simple Moving Average. There is also a short-term bullish trend line forming with support at $3,710 on the hourly chart of ETH/USD. Immediate resistance is near the $3,840 level. The first major resistance is near the $3,880 level. An upside break above the $3,880 resistance might send the price higher. The next key resistance sits at $3,950, above which the price might gain traction and rise toward the $4,000 level. If there is a clear move above the $4,000 level, the price might rise and test the $4,080 resistance. Any more gains could send Ether toward the $4,200 resistance zone. Are Dips Limited In ETH? If Ethereum fails to clear the $3,840 resistance, it could start a downside correction. Initial support on the downside is near the $3,710 level and the trend line. The next major support is near the $3,620 zone. A clear move below the $3,620 support might push the price toward $3,450 or the 50% Fib retracement level of the upward wave from the $3,065 swing low to the $3,838 high. Any more losses might send the price toward the $3,380 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now correcting from the 75 zone. Major Support Level – $3,620 Major Resistance Level – $3,840

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