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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
Price x Volume Volume Base Symbol Related Pairs
1,675,892.41 841.00 ETH ETHEUR ETHGBP ETHBTC

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 Year Ethereum Chart

1 Month Ethereum Chart

1 Month Ethereum Chart
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