TA: Ethereum Trims Gains, Why This Level Is The Key For Fresh Increase

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	373,481,032,732	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

373,481,032,732

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	2.43	0.08%	3,106.13	3,106.12	3,106.13

Price Change

Price Change %

Current Price

Bid Price

Offer

2.43

0.08%

3,106.13

3,106.12

3,106.13

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,131.20	3,093.87	3,100.69	3,103.70	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,131.20

3,093.87

3,100.69

3,103.70

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:11:39	0.036659	3,106.13	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

08:11:39

0.036659

3,106.13

USD

Price x Volume	Volume	Base Symbol	Related Pairs
36,202,343.84	11,630.38	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

36,202,343.84

11,630.38

TA: Ethereum Trims Gains, Why This Level Is The Key For Fresh Increase

22/11/2021 6:18am

NEWSBTC

Ethereum failed to clear $4,400 and started a fresh decline against the US Dollar. ETH must stay above $4,120 to start a fresh increase in the near term. Ethereum started a fresh decline from the $4,440 resistance zone. The price is now trading below $4,250 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $4,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it fails to stay above the $4,120 support zone. Ethereum Price Show Bearish Signs Ethereum attempted a recovery wave above the $4,350 resistance zone, similar to bitcoin. ETH price even climbed above the $4,400 level, but it failed to continue higher. A high was formed near $4,440 and the price started a fresh decline. There was a break below the $4,350 support zone. Besides, there was a break below a key bullish trend line with support near $4,360 on the hourly chart of ETH/USD. Ether price declined below the 50% Fib retracement level of the upward move from the $3,960 swing low to $4,440 high. It is now trading below $4,250 and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com An initial resistance on the upside is near the $4,200 level. The first major resistance is near the $4,320 level and the 100 hourly simple moving average. A close above the $4,300 and $4,320 levels could start a fresh increase in the near term. In the stated case, the price might rise towards the $4,400 level. Any more gains could lift the price towards the next key hurdle at $4,550. More Losses in ETH? If ethereum fails to start a fresh increase above the $4,300 level, it could extend losses. An initial support on the downside is near the $4,165 level. The first key support is now forming near the $4,150 level. It is near the 61.8% Fib retracement level of the upward move from the $3,960 swing low to $4,440 high. A downside break below the $4,150 support might push the price further lower. The next key support is near $4,050, below which the price might slide towards the $4,000 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is now well below the 50 level. Major Support Level – $4,150 Major Resistance Level – $4,300

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

ETHUSD Ethereum