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Name Symbol Market Market Cap ($) Algorithm
Ethereum ETHUSD Crypto 161,547,130,018 Ethash
  Price Change Price Change % Current Price Bid Price Offer
  -15.29 -1.13% 1,337.06 1,337.01 1,337.13
High Price Low Price Open Price Prev. Close 52 Week Range
1,362.14 1,324.51 1,351.42 1,352.35 880.00 - 4,867.81
Exchange Last Trade Size Trade Price Currency
GDAX 16:26:40 0.035739 1,337.06 USD
Price x Volume Volume Base Symbol Related Pairs
300,062,713.75 222,797.35 ETH ETHEUR ETHGBP ETHBTC

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

1 Year Ethereum Chart

1 Year Ethereum Chart

1 Month Ethereum Chart

1 Month Ethereum Chart
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