Ethereum Price Momentum Reignites, RSI Signals Rally To $2,200

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	398,118,858,511	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

398,118,858,511

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	37.61	1.15%	3,313.30	3,313.22	3,313.23

Price Change

Price Change %

Current Price

Bid Price

Offer

37.61

1.15%

3,313.30

3,313.22

3,313.23

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,318.66	3,242.86	3,268.77	3,275.69	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,318.66

3,242.86

3,268.77

3,275.69

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	14:20:16	0.037947	3,313.00	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

14:20:16

0.037947

3,313.00

USD

Price x Volume	Volume	Base Symbol	Related Pairs
62,733,855.17	19,184.49	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

62,733,855.17

19,184.49

Ethereum Price Momentum Reignites, RSI Signals Rally To $2,200

01/12/2023 3:04am

NEWSBTC

Ethereum price remained well-bid above the $2,020 level. ETH is now rising, and the bulls seem to be aiming for a move toward the $2,200 level. Ethereum is making a fresh attempt to clear the $2,100 and $2,120 resistance levels. The price is trading above $2,050 and the 100-hourly Simple Moving Average. There was a break above a major contracting triangle with resistance near $2,055 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $2,120 resistance zone. Ethereum Price Regains Strength Ethereum price started a downside correction below the $2,050 level. ETH tested the $2,020 support, where the bulls took a stand. A low was formed near $2,019 before the price climbed higher, like Bitcoin. The price cleared the $2,050 resistance zone. There was a break above a major contracting triangle with resistance near $2,055 on the hourly chart of ETH/USD. The pair climbed above the 50% Fib retracement level of the downward move from the $2,126 swing high to the $1,986 low. Ethereum is now trading above $2,050 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $2,095 zone or the 76.4% Fib retracement level of the downward move from the $2,126 swing high to the $1,986 low. The first key resistance is near the $2,100 level. The next resistance sits at $2,120. A clear move above the $2,120 level could send the price toward the $2,200 resistance zone. Source: ETHUSD on TradingView.com The next resistance is near $2,250, above which the price could aim for a move toward the $2,320 level. Any more gains could start a wave toward the $2,440 level. Another Decline in ETH? If Ethereum fails to clear the $2,100 resistance, it could start another decline. Initial support on the downside is near the $2,055 level. The next key support is $2,040. The main support is now near $2,000. A downside break below $2,000 might start a steady decline. The key support is now at $1,920, below which there is a risk of a move toward the $1,880 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 above the 50 level. Major Support Level – $2,050 Major Resistance Level – $2,120

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ETHUSD Ethereum