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Name Symbol Market Market Cap ($) Algorithm
Ethereum ETHUSD Crypto 156,229,103,169 Ethash
  Price Change Price Change % Current Price Bid Price Offer
  23.57 1.85% 1,299.05 1,298.91 1,299.08
High Price Low Price Open Price Prev. Close 52 Week Range
1,299.29 1,262.45 1,271.25 1,275.31 880.00 - 4,867.81
Exchange Last Trade Size Trade Price Currency
GDAX 02:51:00 0.00000884 1,298.87 USD
Price x Volume Volume Base Symbol Related Pairs
54,332,027.39 42,367.87 ETH ETHEUR ETHGBP ETHBTC

TA: Ethereum Gearing For Another Lift-Off: Recovery Isn’t Over Yet

06/07/2022 6:28am

NEWSBTC


Ethereum is showing positive signs above the $1,100 zone against the US Dollar. ETH could rise further above the $1,170 resistance zone. Ethereum gained strength for a move above the $1,100 and $1,120 levels. The price is now trading above $1,120 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a move above the $1,170 resistance zone. Ethereum Price Remains Supported Ethereum made another attempt to clear the $1,165 and $1,170 resistance levels. However, the bears were active near the $1,170 level. The recent high was formed near $1,169 before there was a downside correction. The price traded below the $1,150 and $1,130 support levels. Ether price traded below the 50% Fib retracement level of the upward move from the $1,076 swing low to $1,170 high. However, the bulls seem to be active near the $1,120 support zone. It also found support near the 61.8% Fib retracement level of the upward move from the $1,076 swing low to $1,170 high. Ether is now trading above $1,120 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $1,120 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $1,150 level. Source: ETHUSD on TradingView.com The next major resistance is near the $1,170 zone, above which the price may perhaps surpass the $1,200 resistance. In the stated case, the price could rise towards the $1,250 resistance. Any more gains might send the price towards the $1,320 zone. Fresh Decline in ETH? If ethereum fails to rise above the $1,170 resistance, it could start another downside correction. An initial support on the downside is near the $1,120 zone. The next major support is near the $1,100 zone and the 100 hourly simple moving average. A downside break below the $1,100 support may perhaps spark another decline. In this case, the price might drop towards the $1,070 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now well above the 50 level. Major Support Level – $1,100 Major Resistance Level – $1,170

1 Year Ethereum Chart

1 Year Ethereum Chart

1 Month Ethereum Chart

1 Month Ethereum Chart
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P: V:gb D:20221003 01:51:02