Name | Symbol | Market | Market Cap ($) | Algorithm |
---|---|---|---|---|
Ethereum | ETHUSD | Crypto | 242,447,596,339 | Ethash |
Price Change | Price Change % | Current Price | Bid Price | Offer | |
---|---|---|---|---|---|
28.13 | 1.42% | 2,004.50 | 2,004.27 | 2,005.31 |
High Price | Low Price | Open Price | Prev. Close | 52 Week Range |
---|---|---|---|---|
2,019.63 | 1,968.34 | 1,978.79 | 1,976.37 | 1,701.10 - 4,867.81 |
Exchange | Last Trade | Size | Trade Price | Currency |
---|---|---|---|---|
BSTP | 05:40:34 | 0.056493 | 2,004.50 | USD |
TA: Ethereum Regains Strength, Why Bulls Could Aim $4,500
29/11/2021 9:28am
NEWSBTC
Ethereum gained pace above the $4,250 resistance against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,400 resistance zone. Ethereum is trading in a bullish zone above the $4,250 level. The price is now well above $4,250 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $4,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue higher if it stays above the $4,250 support level in the near term. Ethereum Price Starts Recovery Ethereum extended its decline below the $4,120 level. ETH tested the $4,000 support zone and recently started a steady recovery wave. There was a break above the $4,120 and $4,150 resistance levels. The bulls pumped the price above the 50% Fib retracement level of the downward move from the $4,552 swing high to $3,920 low. Besides, there was a break above a key bearish trend line with resistance near $4,070 on the hourly chart of ETH/USD. Ether price is now well above $4,250 and the 100 hourly simple moving average. An initial resistance on the upside is near the $4,380 level. The first major resistance is near the $4,400 level. Source: ETHUSD on TradingView.com The 76.4% Fib retracement level of the downward move from the $4,552 swing high to $3,920 low is also near the $4,400 level. A close above the $4,380 and $4,400 levels could start a fresh increase in the near term. In the stated case, the price might rise towards the $4,500 level. Any more gains could lift the price towards the $4,550 zone in the near term. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $4,400 level, it could extend its downside correction. An initial support on the downside is near the $4,250 level. The first key support is now forming near the $4,200 level and the 100 hourly simple moving average. A downside break below the $4,200 support zone could spark a sharp decline. In the stated case, the price is likely to revisit the $4,000 support zone in the coming sessions. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now correcting lower towards the 60 level. Major Support Level – $4,250 Major Resistance Level – $4,400
1 Year Ethereum Chart |
1 Month Ethereum Chart |