TA: Ethereum Could Rally If The Bulls Clear This Key Resistance

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	357,024,974,205	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

357,024,974,205

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-41.60	-1.38%	2,969.21	2,969.28	2,969.55

Price Change

Price Change %

Current Price

Bid Price

Offer

-41.60

-1.38%

2,969.21

2,969.28

2,969.55

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,020.26	2,956.44	3,010.91	3,010.81	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,020.26

2,956.44

3,010.91

3,010.81

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	07:42:16	0.101032	2,969.22	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

07:42:16

0.101032

2,969.22

USD

Price x Volume	Volume	Base Symbol	Related Pairs
69,494,939.01	23,235.78	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

69,494,939.01

23,235.78

TA: Ethereum Could Rally If The Bulls Clear This Key Resistance

21/06/2022 6:08am

NEWSBTC

Ethereum started an upside correction from the $880 zone against the US Dollar. ETH is rising and attempting an upside break above the $1,150 resistance zone. Ethereum started an upside correction above the $1,000 resistance zone. The price is now trading above $1,000 and the 100 hourly simple moving average. There is a short-term contracting triangle forming with resistance near $1,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a steady increase if it clears the main $1,150 resistance zone. Ethereum Price Faces Key Barrier Ethereum started a decent upward move from the $880 support zone. ETH climbed above the $950 and $1,000 levels to move into a short-term bullish zone. The bulls pushed the price above the 50% Fib retracement level of the key decline from the $1,255 swing high to $880 low. Finally, there was a move above the $1,100 level. However, ether price is now facing a major resistance near the $1,150 and $1,160 levels. The price is now trading above $1,000 and the 100 hourly simple moving average. It is also above the 23.6% Fib retracement level of the upward move from the $880 swing low to $1,174 high. Besides, there is also a short-term contracting triangle forming with resistance near $1,150 on the hourly chart of ETH/USD. An immediate resistance is near the $1,150 level. The next major resistance is near the $1,160 zone. A clear move above the $1,160 resistance zone may perhaps start a steady upward move. Source: ETHUSD on TradingView.com The next major resistance is near the $1,260 level. Any more gains could start a move towards the $1,350 resistance in the near term. Fresh Decline in ETH? If ethereum fails to rise above the $1,150 resistance, it could start a fresh decline. An initial support on the downside is near the $1,100 zone and the triangle lower trend line. The next major support is near the $1,030 zone. It is near the 50% Fib retracement level of the upward move from the $880 swing low to $1,174 high. Any more losses might call for a move towards the $950 support zone. 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 50 level. Major Support Level – $1,030 Major Resistance Level – $1,150

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