TA: Ethereum Lacking Bullish Momentum, Why ETH Holders Are Safe

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	366,592,198,593	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

366,592,198,593

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-12.83	-0.42%	3,052.13	3,051.57	3,051.90

Price Change

Price Change %

Current Price

Bid Price

Offer

-12.83

-0.42%

3,052.13

3,051.57

3,051.90

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,064.76	3,047.05	3,060.61	3,065.85	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,064.76

3,047.05

3,060.61

3,065.85

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	01:29:00	0.098264	3,052.85	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

01:29:00

0.098264

3,052.85

USD

Price x Volume	Volume	Base Symbol	Related Pairs
4,470,576.27	1,463.57	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

4,470,576.27

1,463.57

TA: Ethereum Lacking Bullish Momentum, Why ETH Holders Are Safe

24/09/2021 6:08am

NEWSBTC

Ethereum started a steady increase above $3,050 against the US Dollar. ETH price could correct lower, but the bulls might remain active near $3,000 and $2,950. Ethereum extended its increase above the $3,100 and $3,150 levels. The price is now trading near $3,100 and near the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct lower towards $3,000 or even $2,950 in the near term. Ethereum Price Is Losing Pace Ethereum started a steady increase and settled above the $3,000 level. ETH even broke the $3,100 level and settled above the 100 hourly simple moving average. It traded as high as $3,173 and recently corrected lower. There was a break below the $3,150 level. Besides, there was a break below a key bullish trend line with support near $3,150 on the hourly chart of ETH/USD. Ether is now trading near $3,100 and near the 100 hourly simple moving average. It is still trading well above the 23.6% Fib retracement level of the upward move from the $2,651 swing low to $3,173 high. An immediate resistance on the upside is near the $3,150 level. Source: ETHUSD on TradingView.com The first major resistance is near the $3,180 level. The main breakout zone could be near the $3,200 zone. A close above the $3,200 resistance could start another steady increase. The next major resistance might be near the $3,320 level. Any more gains may possibly open the doors for a move towards the $3,500 level in the near term. Dips Limited in ETH? If ethereum fails to continue higher above the $3,150 and $3,200 resistance levels, it could start a downside correction. An initial support on the downside is near the $3,050 level. The next major support seems to be forming near the $2,950 level. Any more losses might call for a test of the 50% Fib retracement level of the upward move from the $2,651 swing low to $3,173 high at $2,912. A downside break below the $2,900 support zone could put a lot of pressure on the bulls. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now close to the 50 level. Major Support Level – $3,050 Major Resistance Level – $3,200

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