TA: Ethereum Gearing For Another Lift-Off If It Clears This Level

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	381,498,179,318	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

381,498,179,318

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	66.93	2.14%	3,195.96	3,195.95	3,196.32

Price Change

Price Change %

Current Price

Bid Price

Offer

66.93

2.14%

3,195.96

3,195.95

3,196.32

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,197.00	3,068.81	3,131.51	3,129.32	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,197.00

3,068.81

3,131.51

3,129.32

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	18:39:39	0.003151	3,196.65	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

18:39:39

0.003151

3,196.65

USD

Price x Volume	Volume	Base Symbol	Related Pairs
130,006,385.29	41,546.90	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

130,006,385.29

41,546.90

TA: Ethereum Gearing For Another Lift-Off If It Clears This Level

25/10/2021 7:32am

NEWSBTC

Ethereum extended its decline below $4,100 and spiked below $4,000 against the US Dollar. ETH is recovering, but it must break $4,175 before there was a fresh increase. Ethereum corrected lower below the $4,200 and $4,175 support levels. The price is now trading above $4,050 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $4,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $4,200 and $4,175 support levels. Ethereum Price Could Rally Ethereum started a downside correction from the $4,000 resistance zone. ETH traded below the $4,200 support zone and the 100 hourly simple moving average. Ether price even traded below the $4,000 support zone. A low was formed near $3,964 before there was a recovery wave. There was a break above the $4,050 level and the 100 hourly simple moving average. The price climbed above $4,100, but it is facing resistance near the $4,175 and $4,200 levels. A high is formed near $4,155 and the price is now consolidating. An immediate support is near the $4,100 level. The stated level is near the 23.6% Fib retracement level of the upward move from the $3,964 swing low to $4,155 high. Source: ETHUSD on TradingView.com There is also a key bullish trend line forming with support near $4,000 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $4,175 level. The next major resistance is near the $4,200 level, above which the price might start a fresh rally. In the stated case, the price might rise towards the $4,250 level. Any more gains could lead the price towards the $4,320 level. Dips Supported in ETH? If ethereum fails to continue higher above the $4,175 and $4,200 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $4,080 level. The first key support is now forming near the $4,050 level. It is close to the 50% Fib retracement level of the upward move from the $3,964 swing low to $4,155 high. The main support is near the $4,000 level. Any more downsides could lead the price towards the $3,920 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 – $4,000 Major Resistance Level – $4,200

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ETHUSD Ethereum