TA: Ethereum Gains Momentum, Why Bulls Could Aim More Upsides

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	378,774,127,863	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

378,774,127,863

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	6.54	0.21%	3,146.12	3,146.01	3,146.12

Price Change

Price Change %

Current Price

Bid Price

Offer

6.54

0.21%

3,146.12

3,146.01

3,146.12

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,171.28	3,126.17	3,139.67	3,139.58	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,171.28

3,126.17

3,139.67

3,139.58

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	04:59:49	0.000365	3,146.12	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

04:59:49

0.000365

3,146.12

USD

Price x Volume	Volume	Base Symbol	Related Pairs
41,754,081.15	13,236.31	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

41,754,081.15

13,236.31

TA: Ethereum Gains Momentum, Why Bulls Could Aim More Upsides

26/10/2021 6:28am

NEWSBTC

Ethereum started a fresh increase above $4,200 against the US Dollar. ETH could gain pace if there is a clear break above $4,250 in the near term. Ethereum was able to climb above the $4,150 and $4,200 resistance levels. The price is now trading above $4,120 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $4,180 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $4,250 and $4,260 resistance levels. Ethereum Price Could Rise Further Ethereum started a from increase from the $4,000 support zone. ETH was able to clear the $4,120 resistance zone and the 100 hourly simple moving average. Ether price even traded above the $4,200 resistance zone. A high was formed near $4,253 and the price is now correcting lower. It traded below the $4,220 level. An immediate support is near the $4,180 level. The stated level is near the 23.6% Fib retracement level of the upward move from the $3,965 swing low to $4,253 high. There is also a key bullish trend line forming with support near $4,180 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $4,240 level. Source: ETHUSD on TradingView.com The next major resistance is near the $4,260 level, above which the price might start a fresh rally. In the stated case, the price might rise towards the $4,320 level. Any more gains could lead the price towards the $4,500 level. Dips Supported in ETH? If ethereum fails to continue higher above the $4,240 and $4,260 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $4,180 level and the trend line. A break below the trend line could push the price towards the $4,100 support level. It is close to the 50% Fib retracement level of the upward move from the $3,965 swing low to $4,253 high. The main support is near the $4,080 level and the 100 hourly SMA. Any more downsides could lead the price towards the $3,950 support. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $4,180 Major Resistance Level – $4,260

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