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Name Symbol Market Market Cap ($) Algorithm
Ethereum ETHUSD Crypto 152,317,537,169 Ethash
  Price Change Price Change % Current Price Bid Price Offer
  4.05 0.32% 1,263.74 1,263.65 1,263.79
High Price Low Price Open Price Prev. Close 52 Week Range
1,270.34 1,259.22 1,259.74 1,259.69 880.00 - 4,497.70
Exchange Last Trade Size Trade Price Currency
GDAX 01:56:52 0.001140 1,263.74 USD
Price x Volume Volume Base Symbol Related Pairs
28,647,640.61 22,650.94 ETH ETHEUR ETHGBP ETHBTC

TA: Ethereum Climbs To $1,900, Why $2K Could Be Next

11/08/2022 6:28am

NEWSBTC


Ethereum started a major increase above $1,800 against the US Dollar. ETH is rising and might continue to rise towards the $2,000 resistance zone. Ethereum found support near $1,680 and started a fresh increase. The price is now trading above $1,800 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,740 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise further higher towards the $1,950 and $2,000 levels. Ethereum Price Rallies 12% Ethereum remained well bid above the $1,650 level. ETH formed a base and started a fresh increase above the $1,750 resistance zone. The bulls pumped the price above the $1,800 level. The price climbed higher and even broke the $1,850 resistance. Finally, there was a move above the $1,900 and the price settled above the 100 hourly simple moving average. A high was formed near $1,919 and the price is now consolidating gains. It is now trading well above $1,800 and the 100 hourly simple moving average. Ether price is also well above the 23.6% Fib retracement level of the upward move from the $1,655 low to $1,919 high. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $1,920 level. The first major resistance is near the $1,950 level. A clear move above the $1,950 level could start a steady increase to $2,000. If the bulls remain in action, the price may perhaps rise towards the $2,120 resistance zone in the near term. Dips Supported in ETH? If ethereum fails to rise above the $1,920 resistance, it could start a downside correction. An initial support on the downside is near the $1,850 zone. The next major support is near $1,800. The main support is near the $1,780 level or the 50% Fib retracement level of the upward move from the $1,655 low to $1,919 high, below which there is a risk of a sharp decline. In the stated case, ether price may perhaps decline towards the $1,750 support. Any more losses might call for a test of the $1,700 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 65 level. Major Support Level – $1,780 Major Resistance Level – $1,920

1 Year Ethereum Chart

1 Year Ethereum Chart

1 Month Ethereum Chart

1 Month Ethereum Chart
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P: V:gb D:20221206 01:57:01