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Name Symbol Market Market Cap ($) Algorithm
Ethereum ETHUSD Crypto 372,329,871,986 Ethash
  Price Change Price Change % Current Price Bid Price Offer
  -39.39 -1.25% 3,123.88 3,123.91 3,124.14
High Price Low Price Open Price Prev. Close 52 Week Range
3,176.81 3,047.00 3,157.17 3,163.27 1,039.62 - 4,867.81
Exchange Last Trade Size Trade Price Currency
GDAX 21:08:06 0.201490 3,123.82 USD
Price x Volume Volume Base Symbol Related Pairs
563,101,762.67 180,756.11 ETH ETHEUR ETHGBP ETHBTC

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

1 Year Ethereum Chart

1 Year Ethereum Chart

1 Month Ethereum Chart

1 Month Ethereum Chart
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P: V:gb D:20220119 21:08:14