PLUS1
| Name | Symbol | Market | Market Cap ($) | Algorithm |
|---|---|---|---|---|
| Ethereum | ETHUSD | Crypto | 201,077,119,748 | Ethash |
| Price Change | Price Change % | Current Price | Bid Price | Offer | |
|---|---|---|---|---|---|
| 1.37 | 0.08% | 1,667.97 | 1,667.96 | 1,667.97 |
| High Price | Low Price | Open Price | Prev. Close | 52 Week Range |
|---|---|---|---|---|
| 1,671.52 | 1,656.32 | 1,667.55 | 1,666.60 | 880.00 - 3,581.60 |
| Exchange | Last Trade | Size | Trade Price | Currency |
|---|---|---|---|---|
| GDAX | 08:14:31 | 0.000257 | 1,667.97 | USD |
TA: Ethereum Price is Showing Early Signs of Fresh Rally, But $1,400 is the Key
27/09/2022 4:48am
NEWSBTC
Ethereum is gaining pace above $1,360 against the US Dollar. ETH could start a fresh rally if there is a clear move above the $1,400 resistance zone. Ethereum is showing positive signs above the $1,320 and $1,350 support levels. The price is now trading above $1,350 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,342 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its rally if it clears the key $1,400 resistance zone. Ethereum Price Aims Higher Ethereum was able to form a support base above the $1,260 level. ETH started a steady increase after it cleared the $1,300 resistance, similar to bitcoin. The price cleared the $1,330 and $1,350 resistance levels to enter a positive zone. Besides, there was a break above a major bearish trend line with resistance near $1,342 on the hourly chart of ETH/USD. The pair is now trading above the 76.4% Fib retracement level of the downward move from the $1,419 swing high to $1,219 low. Ether price is also trading above $1,350 and the 100 hourly simple moving average. On the upside, the price is facing resistance near the $1,395 and $1,400 levels. The next major resistance is near $1,420 level. A clear break above $1,420 might start a decent increase towards the $1,465 level. It is near the 1.236 Fib extension level of the downward move from the $1,419 swing high to $1,219 low. Source: ETHUSD on TradingView.com Any more gains may perhaps open the doors for a move towards the $1,500 resistance, above which the bulls could aim $1,580 in the coming sessions. Dips Limited in ETH? If ethereum fails to climb above the $1,400 resistance, it could start a downside correction. An initial support on the downside is near the $1,350. The next major support is near the $1,320 level and the 100 hourly simple moving average. A downside break below the $1,320 level might send the price towards the $1,250 support in the near term. Any more losses could increase selling and the price might drop to $1,200. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,320 Major Resistance Level – $1,400
1 Year Ethereum Chart |
1 Month Ethereum Chart |