Ethereum Bulls Charge Ahead: $4K Within Grasp

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	434,219,308,275	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

434,219,308,275

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-109.98	-2.96%	3,600.77	3,600.43	3,600.68

Price Change

Price Change %

Current Price

Bid Price

Offer

-109.98

-2.96%

3,600.77

3,600.43

3,600.68

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,762.72	3,575.00	3,709.03	3,710.75	2,080.02 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,762.72

3,575.00

3,709.03

3,710.75

2,080.02 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
BSTP	08:51:08	0.033400	3,612.40	USD

Exchange

Last Trade

Size

Trade Price

Currency

BSTP

08:51:08

0.033400

3,612.40

USD

Price x Volume	Volume	Base Symbol	Related Pairs
241,037,544.45	65,369.43	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

241,037,544.45

65,369.43

Ethereum Bulls Charge Ahead: $4K Within Grasp

02/12/2024 3:18am

NEWSBTC

Ethereum price is moving higher above the $3,600 zone. ETH is showing bullish signs and might soon aim for a move above the $3,800 resistance zone. Ethereum started a decent increase from the $3,550 zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could restart its increase if it clears the $3,750 zone. Ethereum Price Eyes Steady Increase Ethereum price remained supported above $3,350 and started a fresh increase like Bitcoin. ETH was able to surpass the $3,450 and $3,550 resistance levels. The bulls pumped the price above the $3,700 level. A high was formed at $3,748 and the price is now consolidating gains. There was a minor decline below the $3,720 level. The price dipped and tested the 23.6% Fib retracement level of the upward wave from the $3,572 swing low to the $3,748 high. Ethereum price is now trading above $3,550 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $3,700 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $3,740 level. The first major resistance is near the $3,750 level. The main resistance is now forming near $3,800. A clear move above the $3,800 resistance might send the price toward the $3,880 resistance. An upside break above the $3,880 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,940 resistance zone or even $4,000. Downside Correction In ETH? If Ethereum fails to clear the $3,750 resistance, it could start another decline. Initial support on the downside is near the $3,700 level. The first major support sits near the $3,675 zone. A clear move below the $3,675 support might push the price toward the 61.8% Fib retracement level of the upward wave from the $3,572 swing low to the $3,748 high at $3,640. Any more losses might send the price toward the $3,570 support level in the near term. The next key support sits at $3,550. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,700 Major Resistance Level – $3,750

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American Stock Exchange
Dow Jones Indices
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Precious Metal

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