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Name Symbol Market Market Cap ($) Algorithm
TRON TRXUSD Crypto 5,980,644,651 Not Mineable
  Price Change Price Change % Current Price Bid Price Offer
  -0.0014 -2.12% 0.064666 0.064666 0.064727
High Price Low Price Open Price Prev. Close 52 Week Range
0.066288 0.063514 0.066066 0.066066 0.046815 - 0.129271
Exchange Last Trade Size Trade Price Currency
KRKN 23:34:42 1,389.03 0.064666 USD
Price x Volume Volume Base Symbol Related Pairs
246,377.99 3,782,414.14 TRX TRXEUR TRXGBP TRXBTC

TA: Ethereum Dips Turn Attractive, Bulls Could Aim $3,500

13/01/2022 5:28am

NEWSBTC


Ethereum gained pace above the $3,250 zone against the US Dollar. ETH price is correcting gains from $3,400, but dips might be limited in the near term. Ethereum started a strong increase above the $3,250 resistance zone. The price is trading above $3,250 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear break above the $3,380 resistance zone. Ethereum Price Gains Momentum Ethereum started a strong increase above the $3,250 resistance zone. ETH even broke the $3,300 resistance zone and the 100 hourly simple moving average to move further into a positive zone. The bulls even pumped the price above the $3,350 level. Ether price spiked above the $3,400 level and a new weekly high is formed near $3,412. It is now correcting gains and trading below $3,360. There was a break below the 23.6% Fib retracement level of the recent upward move from the $3,206 swing low to $3,412 high. Ether price is now trading above $3,250 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $3,300 on the hourly chart of ETH/USD. On the upside, an immediate resistance is near the $3,380 level. Source: ETHUSD on TradingView.com A clear move above the $3,380 level might start another increase in the near term. The next major resistance is near the $3,420 level, above which ether price could test $3,500. Any more gains could send the price towards the $3,550 level in the near term. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $3,380 level, it could start a downside correction. An initial support on the downside is near the $3,320 level. The first key support is now forming near the $3,300 level. It is near the 50% Fib retracement level of the recent upward move from the $3,206 swing low to $3,412 high. A downside break below the $3,300 level push the price towards the trend line support. Any more losses could lead the price towards $3,200. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is above the 50 level. Major Support Level – $3,300 Major Resistance Level – $3,380

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