TA: Ethereum Breaking This Barrier Could Spark a Significant Surge

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	372,985,969,124	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

372,985,969,124

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-46.51	-1.47%	3,109.36	3,109.37	3,109.47

Price Change

Price Change %

Current Price

Bid Price

Offer

-46.51

-1.47%

3,109.36

3,109.37

3,109.47

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,166.66	3,101.01	3,155.17	3,155.87	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,166.66

3,101.01

3,155.17

3,155.87

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	16:40:38	0.010883	3,109.41	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

16:40:38

0.010883

3,109.41

USD

Price x Volume	Volume	Base Symbol	Related Pairs
182,485,245.62	58,141.75	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

182,485,245.62

58,141.75

TA: Ethereum Breaking This Barrier Could Spark a Significant Surge

19/10/2021 6:08am

NEWSBTC

Ethereum remained supported above the $3,650 zone against the US Dollar. ETH must clear the $3,850 and $3,900 resistance levels to continue higher in the near term. Ethereum started a fresh increase above the $3,700 and $3,750 resistance levels. The price is now trading above $3,800 and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $3,840 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh rally if it clears the key $3,920 resistance zone. Ethereum Price Remains Supported Ethereum started a downside correction after it failed to stay above the $3,900 zone. ETH declined below the $3,800 support zone and the 100 hourly simple moving average. The price even spiked below the $3,750 support zone. A low was formed near $3,678 and the price is now rising. It broke the $3,780 resistance zone. There was a break above the 50% Fib retracement level of the recent drop from the $3,893 swing high to $3,678 low. Ether is now trading above $3,800 and the 100 hourly simple moving average. The price is now testing the 61.8% Fib retracement level of the recent drop from the $3,893 swing high to $3,678 low. There is also a major contracting triangle forming with resistance near $3,840 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $3,840 level. The next major resistance is near the $3,920 level, above which the price might start a fresh rally. In the stated case, the price could attempt a clear break above the $4,000 resistance zone. The next major support sits near the $4,120 level. Dips Limited in ETH? If ethereum fails to continue higher above the $3,840 and $3,920 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,780 level and the 100 hourly SMA. The first key support is now forming near the $3,720 level and the triangle lower trend line. If there is a downside break below the $3,720 support, the price could decline further. The next key support is near $3,650. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $3,720 Major Resistance Level – $3,920

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ETHUSD Ethereum