TA: Ethereum (ETH) Outpaces Bitcoin, Why Bulls Aim Larger Increase

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	365,504,740,910	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

365,504,740,910

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-15.93	-0.52%	3,042.36	3,042.18	3,042.37

Price Change

Price Change %

Current Price

Bid Price

Offer

-15.93

-0.52%

3,042.36

3,042.18

3,042.37

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,072.50	3,019.11	3,053.27	3,058.29	- - -

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,072.50

3,019.11

3,053.27

3,058.29

- - -

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	02:32:49	0.008131	3,042.34	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

02:32:49

0.008131

3,042.34

USD

Price x Volume	Volume	Base Symbol	Related Pairs
18,375,526.86	6,043.53	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

18,375,526.86

6,043.53

TA: Ethereum (ETH) Outpaces Bitcoin, Why Bulls Aim Larger Increase

30/07/2021 6:08am

NEWSBTC

Ethereum is up over 5% and it broke the $2,400 resistance against the US Dollar. ETH price outpaced bitcoin and it seems like there are chances of more gains above $2,450. Ethereum started a fresh increase and it managed to surpass the $2,320 resistance zone. The price is now trading well above $2,300 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $2,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct lower, but the bulls are likely to remain active near $2,390 and $2,350. Ethereum Price is Gaining Pace Ethereum formed a support base above $2,250 and started a fresh increase, outpacing bitcoin. ETH price gained strength and it broke the main $2,300 and $2,320 resistance levels. The price even surged above the $2,400 level and the 100 hourly simple moving average. It opened the doors for more gains and the price traded as high as $2,450 level. It is now correcting gains from the $2,450 resistance zone. Ether is approaching the 23.6% Fib retracement level of the upward wave from the $2,303 swing low to $2,451 high. The first major support is near the $2,390 and $2,380 levels. It is near the 50% Fib retracement level of the upward wave from the $2,303 swing low to $2,451 high. There is also a major bullish trend line forming with support near $2,340 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com The next key support is near the $2,280 level and the 100 hourly simple moving average. A clear downside break below the $2,280 support zone could lead the price towards the $2,200 support. More Gains in ETH? If ethereum remains stable $2,340, it could continue to rise in the near term. An immediate resistance on the upside is near the $2,450 level. A clear break and close above $2,450 might start another steady increase. In the stated case, the price could easily rise towards the $2,500 level. The next key resistance is near the $2,550 level, above which the price might test $2,680 in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now correcting lower from the overbought zone. Major Support Level – $2,340 Major Resistance Level – $2,450

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ETHUSD Ethereum