PLUS1
| Name | Symbol | Market | Market Cap ($) | Algorithm |
|---|---|---|---|---|
| Ethereum | ETHUSD | Crypto | 243,881,525,013 | Ethash |
| Price Change | Price Change % | Current Price | Bid Price | Offer | |
|---|---|---|---|---|---|
| 39.66 | 2.01% | 2,016.03 | 2,014.78 | 2,015.84 |
| High Price | Low Price | Open Price | Prev. Close | 52 Week Range |
|---|---|---|---|---|
| 2,019.63 | 1,968.34 | 1,978.79 | 1,976.37 | 1,701.10 - 4,867.81 |
| Exchange | Last Trade | Size | Trade Price | Currency |
|---|---|---|---|---|
| BSTP | 04:45:55 | 0.458000 | 2,016.03 | USD |
Ethereum Breaking This Confluence Resistance Could Spark a Significant Surge
09/12/2021 5:28am
NEWSBTC
Ethereum is still above the $4,250 support against the US Dollar. ETH price could stage a strong rally if it clears the $4,450 resistance zone in the near term. Ethereum is stable and supported above the $4,200 and $4,250 levels. The price is now trading above $4,300 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $4,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh rally if it clears the key $4,450 resistance zone. Ethereum Price Remains Supported Ethereum consolidated in a range above $4,100 and $4,200 levels. ETH climbed above the $4,400 level, but it is still struggling to clear a confluence resistance near $4,450. The recent high was formed near $4,456 and it is now consolidating gains. Ether is now trading above $4,300 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $4,320 on the hourly chart of ETH/USD. The price is trading nicely above the 23.6% Fib retracement level of the recent wave from the $3,900 swing low to $4,456 high. An initial resistance on the upside is near the $4,400 level. Source: ETHUSD on TradingView.com The first major resistance is near the $4,420 level. The next major hurdle is near the $4,450 level. A clear break and close above the $4,450 level could stage a steady increase in the near term. In the stated case, the price could drift towards the $4,600 level in the near term. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $4,450 level, it could extend its downside correction. An initial support on the downside is near the $4,325 level. The key support is now forming near the $4,320 level and the 100 hourly simple moving average. If there is a clear break below the $4,320 support, the price could extend losses. The next major breakdown support is $4,200 or the 50% Fib retracement level of the recent wave from the $3,900 swing low to $4,456 high, below which the price could decline towards $4,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is near the 50 level. Major Support Level – $4,200 Major Resistance Level – $4,450
1 Year Ethereum Chart |
1 Month Ethereum Chart |
