TA: Ethereum Outperforms Bitcoin, Why ETH Could Rally To New ATH

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	376,022,439,361	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

376,022,439,361

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	3,129.32	3,129.32	3,129.36

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00

0.00%

3,129.32

3,129.36

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

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,129.32

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	00:58:59	0.001218	3,129.32	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

00:58:59

0.001218

3,129.32

USD

Price x Volume	Volume	Base Symbol	Related Pairs
0.00000000	0.00000000	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

0.00000000

TA: Ethereum Outperforms Bitcoin, Why ETH Could Rally To New ATH

27/10/2021 6:58am

NEWSBTC

Ethereum started a fresh increase above $4,175 against the US Dollar. ETH could gain pace if there is a clear break above $4,300 in the near term. Ethereum was able to climb above the $4,175 and $4,200 resistance levels. The price is now trading above $4,200 and the 100 hourly simple moving average. There is a major rising channel forming with support near $4,175 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its increase if it clears the $4,300 and $4,320 resistance levels. Ethereum Price Could Rise Further Ethereum started a fresh increase after it settled above the $4,050 level. ETH was able to clear the $4,750 resistance zone and the 100 hourly simple moving average. Ether price even traded above the $4,250 resistance zone. A high was formed near $4,313 and the price is now consolidating gains. It traded below the $4,300 level. An immediate support is near the $4,260 level. The stated level is near the 23.6% Fib retracement level of the upward wave from the $4,091 swing low to $4,313 high. There is also a major rising channel forming with support near $4,175 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $4,300 level. Source: ETHUSD on TradingView.com The next major resistance is near the $4,320 level, above which the price might start a fresh rally. In the stated case, the price might rise towards the $4,400 level. Any more gains could lead the price towards the $4,550 level. Dips Supported in ETH? If ethereum fails to continue higher above the $4,300 and $4,320 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $4,260 level. The first major support is near the $4,200 level. It is close to the 50% Fib retracement level of the upward wave from the $4,091 swing low to $4,313 high. The main support is near $4,175 and the channel trend line. Any more downsides could lead the price towards the $4,050 support. The next major support for the bulls is near the $4,000 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now well above the 50 level. Major Support Level – $4,175 Major Resistance Level – $4,320

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ETHUSD Ethereum