[ADVERT]
Name Symbol Market Market Cap ($) Algorithm
Ethereum ETHUSD Crypto 446,800,191,433 Ethash
  Price Change Price Change % Current Price Bid Price Offer
  35.22 0.94% 3,788.50 3,788.90 3,789.12
High Price Low Price Open Price Prev. Close 52 Week Range
3,844.70 3,731.22 3,753.28 3,753.28 200.50 - 4,384.43
Exchange Last Trade Size Trade Price Currency
GDAX 07:55:11 0.200000 3,788.50 USD
Price x Volume Volume Base Symbol Related Pairs
165,266,142.03 43,503.07 ETH ETHEUR ETHGBP ETHBTC

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

1 Year Ethereum Chart

1 Year Ethereum Chart

1 Month Ethereum Chart

1 Month Ethereum Chart
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