TA: Ethereum Gains Momentum, Dips Turn Attractive In Near-Term

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	369,441,217,561	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

369,441,217,561

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	13.84	0.45%	3,076.37	3,076.39	3,076.44

Price Change

Price Change %

Current Price

Bid Price

Offer

13.84

0.45%

3,076.37

3,076.39

3,076.44

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,129.90	3,022.00	3,067.30	3,062.24	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,129.90

3,022.00

3,067.30

3,062.24

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	13:56:01	0.032000	3,076.05	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

13:56:01

0.032000

3,076.05

USD

Price x Volume	Volume	Base Symbol	Related Pairs
107,480,661.54	34,891.15	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

107,480,661.54

34,891.15

TA: Ethereum Gains Momentum, Dips Turn Attractive In Near-Term

26/11/2021 6:08am

NEWSBTC

Ethereum gained pace above the $4,350 resistance against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,550 resistance zone. Ethereum is trading in a bullish zone above the $4,350 level. The price is now well above $4,250 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $4,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue higher if it stays above the $4,350 support level in the near term. Ethereum Price Extends Gains Ethereum extended increase above the $4,350 resistance level. ETH price even broke the $4,440 level and settled well above the 100 hourly simple moving average. There was a steady increase and the even climbed above $4,500. A high was formed near $4,552 and the price is now correcting lower. It traded below the $4,500 level. There was a break below the 23.6% Fib retracement level of the upward move from the $4,169 swing low to $4,552 high. Ether price is now well above $4,250 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $4,360 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com An initial resistance on the upside is near the $4,500 level. The first major resistance is near the $4,550 level. A close above the $4,500 and $4,550 levels could start a fresh increase in the near term. In the stated case, the price might rise towards the $4,620 level. Any more gains could lift the price towards the $4,750 zone in the near term. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $4,500 level, it could extend its downside correction. An initial support on the downside is near the $4,400 level. The first key support is now forming near the $4,350 level, the trend line, and the 100 hourly simple moving average. The trend line is near the 50% Fib retracement level of the upward move from the $4,169 swing low to $4,552 high. A downside break below the trend line could lead the price towards the $4,250 support. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is now correcting lower towards the 40 level. Major Support Level – $4,350 Major Resistance Level – $4,550

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ETHUSD Ethereum