Ethereum Breaking This Confluence Resistance Could Spark a Significant Surge

Name	Symbol	Market	Market Cap ($)	Algorithm
Rally	RLYUSD	Crypto	63,149,847	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Rally

RLYUSD

Crypto

63,149,847

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	0.0126	0.0001	5,000.00

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00

0.00%

0.0126

0.0001

5,000.00

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.0126	0.0126	0.0126	0.0126	0.001530 - 0.037990

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.0126

0.001530 - 0.037990

Exchange	Last Trade	Size	Trade Price	Currency
BSTP	02:17:56	983.00	0.0133	USD

Exchange

Last Trade

Size

Trade Price

Currency

BSTP

02:17:56

983.00

0.0133

USD

Price x Volume	Volume	Base Symbol	Related Pairs
0.00000000	0.00000000	RLY	RLYEUR	RLYGBP	RLYBTC

Price x Volume

Volume

Base Symbol

Related Pairs

0.00000000

Ethereum Breaking This Confluence Resistance Could Spark a Significant Surge

09/12/2021 5:28am

NEWSBTC

Ethereum is still above the $4,250 support against the US Dollar. ETH price could stage a strong rally if it clears the $4,450 resistance zone in the near term. Ethereum is stable and supported above the $4,200 and $4,250 levels. The price is now trading above $4,300 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $4,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh rally if it clears the key $4,450 resistance zone. Ethereum Price Remains Supported Ethereum consolidated in a range above $4,100 and $4,200 levels. ETH climbed above the $4,400 level, but it is still struggling to clear a confluence resistance near $4,450. The recent high was formed near $4,456 and it is now consolidating gains. Ether is now trading above $4,300 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $4,320 on the hourly chart of ETH/USD. The price is trading nicely above the 23.6% Fib retracement level of the recent wave from the $3,900 swing low to $4,456 high. An initial resistance on the upside is near the $4,400 level. Source: ETHUSD on TradingView.com The first major resistance is near the $4,420 level. The next major hurdle is near the $4,450 level. A clear break and close above the $4,450 level could stage a steady increase in the near term. In the stated case, the price could drift towards the $4,600 level in the near term. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $4,450 level, it could extend its downside correction. An initial support on the downside is near the $4,325 level. The key support is now forming near the $4,320 level and the 100 hourly simple moving average. If there is a clear break below the $4,320 support, the price could extend losses. The next major breakdown support is $4,200 or the 50% Fib retracement level of the recent wave from the $3,900 swing low to $4,456 high, below which the price could decline towards $4,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is near the 50 level. Major Support Level – $4,200 Major Resistance Level – $4,450

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