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Name Symbol Market Market Cap ($) Algorithm
Ethereum ETHUSD Crypto 289,269,797,701 Ethash
  Price Change Price Change % Current Price Bid Price Offer
  -1.88 -0.08% 2,414.26 2,414.26 2,414.27
High Price Low Price Open Price Prev. Close 52 Week Range
2,475.47 2,363.50 2,421.40 2,416.68 1,220.08 - 4,867.81
Exchange Last Trade Size Trade Price Currency
GDAX 07:35:42 0.078651 2,414.26 USD
Price x Volume Volume Base Symbol Related Pairs
190,428,200.35 78,410.25 ETH ETHEUR ETHGBP ETHBTC

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

1 Year Ethereum Chart

1 Year Ethereum Chart

1 Month Ethereum Chart

1 Month Ethereum Chart
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