TA: Ethereum Price Eyes Fresh Surge, 100 SMA Holds The Key

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	398,039,552,205	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

398,039,552,205

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	64.28	1.98%	3,316.39	3,316.38	3,316.39

Price Change

Price Change %

Current Price

Bid Price

Offer

64.28

1.98%

3,316.39

3,316.38

3,316.39

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,336.42	3,239.72	3,254.47	3,252.11	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,336.42

3,239.72

3,254.47

3,252.11

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	18:23:07	0.004000	3,316.39	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

18:23:07

0.004000

3,316.39

USD

Price x Volume	Volume	Base Symbol	Related Pairs
182,268,068.22	55,229.49	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

182,268,068.22

55,229.49

TA: Ethereum Price Eyes Fresh Surge, 100 SMA Holds The Key

29/09/2022 5:48am

NEWSBTC

Ethereum recovered losses and climbed above the $1,320 level against the US Dollar. ETH could start a fresh increase if there is a clear move above $1,350. Ethereum found support near the $1,250 level and recovered losses. The price is now trading above $1,300 and the 100 hourly simple moving average. There is a short-term contracting triangle forming with support at $1,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if there is a clear move above the $1,350 resistance zone. Ethereum Price Remains Strong Ethereum found support near the $1,250 level after a strong decline. ETH traded as low as $1,253 and started a fresh increase. There was a steady increase and the price was able to clear the $1,300 resistance. The bulls were active above the $1,300 level. There was a clear move above the 50% Fib retracement level of the downward move from the $1,399 swing high to $1,253 low. The price is now trading above $1,320 and the 100 hourly simple moving average. There is also a short-term contracting triangle forming with support at $1,340 on the hourly chart of ETH/USD. On the upside, the price is facing resistance near the $1,350 and $1,355 levels. The next major resistance is near $1,365 level. It is near the 76.4% Fib retracement level of the downward move from the $1,399 swing high to $1,253 low. A clear break above $1,365 might start a decent increase towards the $1,400 level. Source: ETHUSD on TradingView.com Any more gains may perhaps open the doors for a move towards the $1,450 resistance, above which the bulls could aim a move to $1,500. Fresh Decline in ETH? If ethereum fails to climb above the $1,355 resistance, it could start a fresh decline. An initial support on the downside is near the $1,340 level and the triangle lower trend line. The next major support is near the $1,315 level. A downside break below the $1,315 level might send the price towards the $1,280 support in the near term. Any more losses could increase selling and the price might drop to $1,250. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,315 Major Resistance Level – $1,355

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ETHUSD Ethereum