Buy
Sell
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
Price x Volume Volume Base Symbol Related Pairs
1,864,852.19 935.06 ETH ETHEUR ETHGBP ETHBTC

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 Year Ethereum Chart

1 Month Ethereum Chart

1 Month Ethereum Chart
ADVFN Advertorial
Your Recent History
COIN
ETHUSD
Ethereum
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220525 04:41:02